Global Ethylene Vinyl Acetate (EVA) Resins & Films Market Grow with a CAGR of 5.9% During 2022-2031

by David Smith Msarket Research News

Kenneth Research has released a report titled “Ethylene Vinyl Acetate (EVA) Resins & Films Market: Global Demand Analysis & Opportunity Outlook 2031” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

The solar

The demand for solar panels worldwide is increasing at a significant pace. This can majorly be attributed to the increasing concern for greenhouse gas (GHG) emissions and the rising focus of the government of nations to promote the adoption of green energy. With the surge in demand for solar panels, there is a rising need amongst the solar PV manufacturers for raw materials to manufacture these components. As EVA resins & films are widely used in the manufacturing of solar PV panels, hence, the demand for the chemical compound amongst the solar PV panel manufacturers is anticipated to grow, and in turn, drive the growth of the global ethylene vinyl acetate (EVA) resins & films market.

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. The market is estimated to garner a revenue of USD 12127.4 Million by the end of 2031. Additionally, in the year 2021, the market registered a revenue of USD 6863.6 Million. The market is segmented by application into food & beverage packing, hot melt adhesives, wires & cables, foams, inks, bitumen additives & asphalt modifiers, pharmaceutical, EVA film, and others, out of which, the EVA films segment is projected to garner the largest revenue of USD 5387.1 Million by the end of 2031. Moreover, the segment generated a revenue of USD 3006.5 Million in the year 2021.

By region, the global ethylene vinyl acetate (EVA) resins & films market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in the Asia Pacific is expected to garner the largest revenue of USD 7437.1 Million by the end of 2031. Moreover, the market in the region generated a revenue of USD 4051.9 Million in the year 2021.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

However, the availability of low-cost substitutes is projected to hinder the market growth in the coming years.

This report also provides the existing competitive scenario of some of the key players of the global ethylene vinyl acetate (EVA) resins & films market, which includes company profiling of 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.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Ethylene Vinyl Acetate (EVA) Resins & Films Market: Global Demand Analysis & Opportunity Outlook 2031”, analyses the overall global ethylene vinyl acetate (EVA) resins & films industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global ethylene vinyl acetate (EVA) resins & films market in the near future.

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