Ultra-low-density ethylene vinyl acetate is valued at around US$1.92 billion in 2022, Fact.MR reveals


North America is expected to be the most attractive regional market, with a value of US$3.54 billion at the end of the assessment period

UNITED STATES, July 21, 2022 /EINPresswire.com/ — According to Fact.MR, a market research and competitive intelligence firm, the global ethylene vinyl acetate market is expected to reach $11.37 billion by the end of 2032, growing at a CAGR of 2.4%.

High demand for Ethylene Vinyl Acetate (EVA) from footwear and foam industries is expected to drive the demand curve in the near future as it is widely used in the production of outsoles and insoles. Additionally, strong demand from the packaging, agriculture, and pharmaceutical end-use verticals will provide EVA manufacturers with several opportunities in the coming years.

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Key insights from market research
• The global ethylene vinyl acetate market is poised to grow at a CAGR of 2.4%, reaching a valuation of US$11.37 billion by the end of 2032.
• Based on type, low density EVA is expected to dominate the global market in terms of revenue generation and account for 31.7% market share by the end of 2032.
• Footwear and foam end-use to generate US$2.83 billion valuation and to capture approximately 1/4 market share by 2032.
• North America is likely to be the most attractive regional market and reach a valuation of US$3.54 billion by the end of the assessment period.
• The packaging end-use industry is expected to generate US$1.89 billion in 2022.
• Medium-density EVA, by type, is likely to account for more than a quarter of the revenue share and create an absolute dollar opportunity of US$599.4 million.
• The European regional market is expected to register a CAGR of 2.1% during the forecast period.

Why is the United States an important market for Ethylene Vinyl Acetate manufacturers?
The EVA market in the United States has grown rapidly due to increased demand for sustainable packaging solutions in the healthcare and pharmaceutical industries.

The United States now holds over 89% of the North American market and is expected to generate an absolute potential of US$690 million over the assessment period.

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Ethylene Vinyl Acetate Industry Research by Category
• Ethylene Vinyl Acetate Market by Product Type:
o Very low density EVA
o Low density EVA
o Medium density EVA
o High density EVA

• Ethylene Vinyl Acetate Market by End-Use Industry:
o Shoes and foam
o Packaging
o Farming
o Photovoltaic panels
o Pharmaceuticals
o Other end-use industries

• Ethylene Vinyl Acetate market by region:
o North America
o Latin America
o Europe

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Competitive landscape
The global EVA market is highly consolidated with only a few Tier 1 manufacturers occupying a large share of the market. The major players around the world are mainly focusing on product development and distribution network expansion.

The major market players are following the competitive pricing strategy in the Ethylene Vinyl Acetate market. Companies are entering into collaborations and partnerships with end-use industries to strengthen their consumer base.

• ExxonMobil Corporation in 2019 acquired Materia, Inc. The structural high-performance company is a Nobel Prize-winning company for manufacturing technology for a new class of materials.
• Celanese Corporation in 2019 announced the acquisition of Next Polymers Ltd. This acquisition is likely to lead to rapid growth of the Indian business and expand the company’s ability to serve nylon and other engineered materials coupled with offering a wide range of polymer products. over the years to come.

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