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The report on the Global Ethylene-Vinyl Acetate (EVA) Resins Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Ethylene-vinyl acetate (EVA) resins are the copolymer of ethylene and vinyl acetate. Ethylene is the major ingredient in this copolymer with 60% - 90% part over vinyl acetate. It is an intrinsically flexible, strong and translucent resin. This material has high-quality lucidity and lustre, low-temperature toughness, resilience, stress-crack resistance, can be processed either by conventional thermoplastic techniques or by conventional rubber techniques, hot-melt adhesive waterproof properties, and resistance to UV radiation. In addition, it has limitation of heat sensitivity in shipping & handling.
Ethylene-vinyl acetate (EVA) resins is prevalently known as foam or expanded rubber. The hydrolysis process of EVA obtains ethylene-vinyl alcohol (EVOH) copolymer. Its foam is employ as padding in equipment like hockey pads, water-ski boots, bicycle saddles, fishing rods & reel handles, wakeboard boots, etc. Ethylene-vinyl acetate (EVA) resins has distinctive applications as footwear components, flexible hose, automobile bumpers, drug delivery device, toys & athletic goods, photovoltaic encapsulants and sheets, wire and cable insulation, moulded automotive parts, flexible packaging, and films.
However, the market is saturating as the major importers have entered the market for production. Annually, there is downfall in the demand in the recent years against the estimated growth rate. North America is the leading region for the demand and consumption of EVA resins followed by Europe and Asia Pacific respectively. China is estimated to be the leading exporter in global ethylene-vinyl acetate (EVA) resins market over the forecast period.
Key players in the market includes:
SEGMENTATIONS IN REPORT: