Global Ethylene Vinyl Acetate (EVA) Resins & Films Market Analysis 2021-2031

The global ethylene vinyl acetate (EVA) resins & films market is anticipated to grow with a CAGR of 5.9% over the forecast period, i.e., 2022 - 2031. Factors such as the increase in demand for footwear and different footwear components, such as soles, adhesives, and others, along with the rising demand for solar panels are anticipated to drive the growth of the market during the forecast period. The market is estimated to garner a revenue of close to USD 12130 Million by the end of 2031, up from a revenue of about USD 6860 Million in the year 2021.

The global ethylene vinyl acetate (EVA) resins & films market is segmented by application and by region. By application, the market is segmented into food & beverage packing, hot melt adhesives, wires & cables, foams, inks, bitumen additives & asphalt modifiers, pharmaceutical, EVA film, and others. By the end of 2031, the EVA films segment is projected to garner the largest revenue of around USD 5390 Million, up from a revenue of about USD 3000 Million in the year 2021.

The global ethylene vinyl acetate (EVA) resins & films market is segmented on the basis of region into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. By the end of 2031, the market in the Asia Pacific is expected to garner the largest revenue of close to USD 7440 Million. Additionally, in the year 2021, the market in the year 2021 registered a revenue of near to USD 4050 Million.

However, the availability of low-cost substitutes is expected to act as a major restraint factor for the market growth.

Some of the prominent industry leaders in the global ethylene vinyl acetate (EVA) resins & films market that are included in our report are Arkema, International Polymers Corporation (IPC), Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Braskem, LG Chem, Celanese Corporation, Hanwha Solutions Chemical Division Corporation, Folienwerk Wolfen GmbH, SANVIC Inc. (KANEKA CORPORATION), LOTTE Chemical Corporation, Dr. Dietrich Mueller GmbH, Lucent CleanEnergy, SK geo centric Co., Ltd., Changzhou Betterial Film Technologies Co., Ltd., Zhejiang Sinopont Technology Co., Ltd., JIN HEUNG INDUSTRIAL CO., LTD., INTERLAYER SOLUTIONS, Mitsui Chemicals, Inc., Japan Coating Resin co., ltd., The Dow Chemical Company, 3M, and others.