Ethylene-vinyl acetate (EVA) copolymer resin can be defined as the copolymer derived from ethylene and vinyl acetate. This is also known as poly ethylene-vinyl acetate (PEVA). The global market for EVA copolymer resins finds significant application in the foam, packaging film, wire & cable, solar cell encapsulation, and hot melt adhesives. The manufacturing of these products finds almost 18-4-% of vinyl acetate in the formation. The EVA copolymer resin is gaining market strength due to its low melt index (MI) better endurance, and high viscosity compared to high melt index counterparts. EVA copolymer resins are known for their extensive use in packaging and paper industries. Its flexibility and low sealing temperature are expected to provide the global EVA copolymer resin market better growth in the coming years.
The global market for EVA copolymer resin can find significant growth with the hike in its application in the making of photovoltaic panels, which are getting strong traction due to a surge in renewable energy intake from solar energy generation. With it, the rise in industrialization and disposable income are set to play significant roles in various emerging economies. In countries like China and India, this growth would be substantial as the automobile sector in the region can trigger better growth in the coming years. In the automobile industry, the production of bumper and other molded parts requires this EVA copolymer resin owing to which the market can make significant profit.
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Major key Players
DuPont (US)
ExxonMobil (US)
FPC (TW)
Hanwha Total (KR)
USI (TW)
Sinopec Beijing Yanshan (CN)
Sipchem (SA)
BASF-YPC (CN)
Braskem (BR)
Westlake (US)
TPI Polene (TH)
LG Chem (KR)
Celanese (US)
Arkema (FR)
Repsol (ES)
LyondellBasell (NL)
Sumitomo Chem (JP)
Levima/Haoda Chem (CN)
Lotte Chem (KR)
Total (FR)
Tosoh (JP)
Versalis/Eni (IT)
Ube (JP)
Huamei Polymer (CN)
NUC Corp (JP)
Sumsung Total (KR)
Being a lightweight component, this component is getting significant traction in the automobile industry as it can reduce fuel consumption. Government regulations are also working in favor of the market for similar reasons. Pollution can be curbed notably using this process.
Regional Analysis:
The Asia Pacific market is all set to score well as the regional market is witnessing a significant rise in the automotive sector. This would trigger growth for the market for EVA copolymer resin in the coming years. At the same time, the market can expect high traction from the North American region for its revival of the automotive sector. Europe is also known for its significant contribution to several end user industries. The robust automotive sector, along with packaging, is expected to push the market wide open.
Competitive Landscape:
Several market players are taking part in launching innovative products to inspire better growth in the market for EVA copolymer resin. This is due to the global growth of the intake of sustainable EVA copolymer resin products to ensure that the market does not lose track.
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