The Global Ethylene Vinyl Acetate Copolymer Market was $8.97 Bn in 2020, and it is expected to reach $15.87 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 5.9% between 2020-2030. Rising demand for multiple solutions for the adhesive, coating, and sealants in a wide range of applications like footwear components, flexible hose, molded automotive parts, automobile bumpers, toys, and athletic good is the prime factor for the Ethylene Vinyl Acetate Copolymer Market growth during the forecast period. The thermoplastic ethylene-vinyl acetate is projected to be the fastest-growing segment during the forecast period. Ethylene Vinyl Acetate Copolymer comprises a low proportion of vinyl acetate in the range of 4 to 30% and is referred to as thermoplastic ethylene-vinyl acetate. Moreover, it widely uses in the production of hot melt adhesive that uses in wooden work labeling, packaging, etc. Now, moving forward, the robust demand for the Global Ethylene Vinyl Acetate Copolymer Market in the Vinyl Acetate Copolymer manufacturing department is further estimated to create new necessities and augment the market of growth over the forecast period of 2020-2030.
Global Ethylene Vinyl Acetate Copolymer Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Ethylene Vinyl Acetate Copolymer market is segmented into type, revenue, and end-use. By Type, Ethylene Vinyl Acetate Copolymer market is divided into Vinyl Acetate Modified Polyethylene, and Thermoplastic Ethylene-Vinyl Acetate, and Ethylene Vinyl Acetate Rubber. By Revenue, the global Ethylene Vinyl Acetate Copolymer market has been bifurcated as Film, Foam, Hot Melt Adhesives, Photovoltaic Cells, and Others. By End-Use Ethylene Vinyl Acetate Copolymer market has been segmented as Automotive, Packaging, Medical & Healthcare, Consumer Goods, and Others.
By Region, Asia Pacific is Holding the Major Market Share
Global Ethylene Vinyl Acetate Copolymer Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa. In addition to this, Asia Pacific is expected to exhibit considerable growth during the forecast period. The high share attributable to increasing disposal income and consumer spending on the daily household appliance. The manufactures companies are upgrading their product portfolio for massive demand. Increasing demand for personal hygiene products, cosmetics goods, toothbrush, and comb, and other essential products are the driver for the market growth. Apart from that, North America has also been a steadily increasing demand for the Ethylene Vinyl Acetate Copolymer. The availability of the raw material, low-cost labor, huge investment in the industry, favorable government rules, and regulation are the prime factor for the growth of the Ethylene Vinyl Acetate Copolymer market over the regions.
Major Players in Global Ethylene Vinyl Acetate Copolymer Market
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include Exxon Mobil Corp.; Dow Inc.; LyondellBasell Industries Holdings B.V.; Eastman Chemical Company; Arkema; Celanese Corp.; Total, LG Chem.; Braskem; Dairen Chemical Corp.; Lotte Chemical Corp., Hanwha Group, TPI Polene, and Saudi International Petrochemical Company among others.
The Global Ethylene Vinyl Acetate Copolymer Market Has Been Segmented into:
Global Ethylene Vinyl Acetate Copolymer Market: By Type
Global Ethylene Vinyl Acetate Copolymer Market: By Revenue
Global Ethylene Vinyl Acetate Copolymer Market: By End-Use
Global Ethylene Vinyl Acetate Copolymer Market: By Region
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