EVA Resins & Films Market To Grow At An Impressive CAGR of 5% Through 2031

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EVA Resins & Films Market: Introduction

Transparency Market Research delivers key insights on the global EVA resins & films market. In terms of revenue, the global EVA resins & films market is estimated to expand at a CAGR of 5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global EVA resins & films market.

The global EVA resins & films market is broadly affected by several factors, including increase in the usage of EVA resins & films in various applications such as foams, solar cell encapsulation, hot melt adhesives, glass lamination, and others. Rise in global demand for foams and solar cell encapsulation has led to significant growth in usage of EVA resins & films. Increase in production and demand for EVA films & resins in foams and solar cell encapsulation is expected to be the primary driver of the global EVA resins & films market.

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EVA Resins & Films Market: Dynamics

Ethylene-vinyl acetate is a thermoplastic resin manufactured by the co-polymerization process of ethylene and vinyl acetate monomer in a high-pressure reactor. It offers various advantages such as excellent heat seal strength, high flexibility even at low temperatures, and crack resistance and resilience. It can also be easily processed by using conventional thermoplastic techniques.

EVA films are extensively employed in film applications in several end-use industries such as solar energy, agriculture, cosmetic, and packaging. EVA films offer unique combination of properties. This includes toughness, flexibility, resistance to UV radiation, stress-crack resistance, and excellent light stability.

The global foams and solar cell encapsulation segments are expected to expand considerably during the forecast period. Thus, rise in production of foams and solar cell encapsulation is projected to boost the demand for EVA resins & films during the forecast period.

Manufacturers are focusing on foams and solar cell encapsulation, as the share held by these segments in the EVA resins & films market is likely to increase during the forecast period.

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EVA Resins & Films Market: Prominent Regions

Asia Pacific holds major share of the global EVA resins & films market. The EVA resins & films market in the region is anticipated to expand at a CAGR of more than 5.3% during the forecast period. Increase in demand for EVA resins & films in various applications such foam and solar cell encapsulation is driving the EVA resins & films market in Asia Pacific. China is a key country of the EVA resins & films market in Asia Pacific. It held significant share of the EVA resins & films market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.

Europe is also a prominent region of the global EVA resins & films market. Germany led the EVA resins & films market in Europe in 2020. Increase in demand EVA resins & films in foam and solar cell encapsulation applications is driving the EVA resins & films market in Germany.

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EVA Resins & Films Market: Major Players

The global EVA resins & films market is consolidated, with the presence of key players. Prominent players operating in the global EVA resins & films market include Arkema S.A., The Dow Chemical Company, International Polymers Company (IPC), Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Oryza Oil & Fat Chemical Co., Ltd., Braskem, LG Chem Ltd., Celanese Corporation, Hanwha Solutions, Folienwerk Wolfen GmbH, SANVIC INC. (KANEKA CORPORATION), LOTTE ALUMINIUM, 3M, Dr. Dietrich Mueller UK Limited, Lucent CleanEnergy, SKC, Changzhou Bbetter Film Technologies Co., Ltd., Zhejiang Sinopont Technology Co., Ltd., Mitsui Chemicals Tohcello, Inc., and Interlayer Solutions Inc.

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