Industry Statistics
Industry Statistics
Ethylene vinyl acetate (EVA) refers to a copolymer resin made up of vinyl acetate and ethylene. Boasting excellent chemical resistance, flexibility, crack resistance, high friction coefficient, and transparency, this copolymer resin is utilised in diverse end-use industries, ranging from medical to footwear manufacturing, among others. As it is more lightweight than PVC, EVA is also used in flexible product packaging, reformation, and flexible hose, among others.
The global ethylene vinyl acetate (EVA) market stood at a volume of around 3,900 KT in 2023. The market is projected to grow at a CAGR of 4.70% between 2024 and 2032 to reach a volume of about 5,952.8 KT by 2032. The key factors propelling the EVA market include its growing demand from the downstream industries, including footwear, automobile components, and others. The footwear industry is the leading consumer of EVA, accounting for nearly 55% market share.
EVA’s ability to withstand chemicals, harsh environmental conditions, and oils makes it ideal for manufacturing automotive components like moulded parts and bumpers. Additionally, due to its protective properties, EVA is increasingly used to shield solar cells and enhance the efficiency and durability of solar energy systems. Besides its role in photovoltaic encapsulation, it is used as an adhesive to enclose PV modules in solar panels. In this regard, the introduction of favourable government initiatives aimed at promoting solar energy adoption is anticipated to benefit the market in the forecast period.
The global capacity of EVA was about 5,400.0 KT in 2023. The Asia Pacific holds the major share of EVA capacities, representing around 64% of the global production capacity, of which China constitutes about 35%. It is followed by North America, contributing 24% of the global capacity. The plant capacity utilization of EVA stood at 66% in 2023.
Sinopec is the world's leading producer of EVA. The company holds approximately 17.5% of the global EVA capacity. Sinopec is planning to establish its second EVA facility in Zhanjiang, Guangdong province, to manufacture 100 KT of EVA annually.
Other major manufacturers of EVA are Exxon Mobil Corporation, Formosa Plastics Corporation, Dow Chemical Company, Celanese Corporation, Shaanxi Yanchang Zhongmei Yulin Energy Chemical Co, Ltd., and Hanwha Total Petrochemical.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Key Assumptions
4 Global Ethylene Vinyl Acetate (EVA) Market Analysis, In Volume (Thousand Tonnes)
4.1 Global Ethylene Vinyl Acetate (EVA) Historical Market (2018-2023)
4.2 Global Ethylene Vinyl Acetate (EVA) Market Forecast (2024-2032)
4.3 Global Ethylene Vinyl Acetate (EVA) Market Supply Analysis, By Polymer Type
4.3.1 Low Density EVA
4.3.1.1 Company Wise Name Plate Capacity (2018-2032)
4.3.2 Medium Density EVA
4.3.2.1 Company Wise Name Plate Capacity (2018-2032)
4.3.3 High Density EVA
4.3.3.1 Company Wise Name Plate Capacity (2018-2032)
4.4 Global Ethylene Vinyl Acetate (EVA) Market Production Analysis, By Polymer Type
4.4.1 Low Density EVA
4.4.1.1 Production (2018-2032)
4.4.2 Medium Density EVA
4.4.2.1 Production (2018-2032)
4.4.3 High Density EVA
4.4.3.1 Production (2018-2032)
4.5 Global Ethylene Vinyl Acetate (EVA) Market Demand Analysis, By Polymer Type
4.5.1 Low Density EVA
4.5.1.1 Demand Analysis and Forecast (2018-2032)
4.5.2 Medium Density EVA
4.5.2.1 Demand Analysis and Forecast (2018-2032)
4.5.3 High Density EVA
4.5.3.1 Demand Analysis and Forecast (2018-2032)
4.6 Global Ethylene Vinyl Acetate (EVA) Market Demand Analysis, by Application
4.6.1 Films
4.6.1.1 Demand Analysis and Forecast (2018-2032)
4.6.2 Foams
4.6.2.1 Demand Analysis and Forecast (2018-2032)
4.6.3 Adhesives
4.6.3.1 Demand Analysis and Forecast (2018-2032)
4.6.4 Others
4.7 Global Ethylene Vinyl Acetate (EVA) Market by Region
4.7.1 North America
4.7.1.1 Demand Analysis and Forecast (2018-2032)
4.7.1.2 Market by Polymer Type (2018-2032)
4.7.1.3 Market by Application (2018-2032)
4.7.2 Europe
4.7.2.1 Demand Analysis and Forecast (2018-2032)
4.7.2.2 Market by Polymer Type (2018-2032)
4.7.2.3 Market by Application (2018-2032)
4.7.3 Asia Pacific
4.7.3.1 Demand Analysis and Forecast (2018-2032)
4.7.3.2 Market by Polymer Type (2018-2032)
4.7.3.3 Market by Application (2018-2032)
4.7.4 Latin America
4.7.4.1 Demand Analysis and Forecast (2018-2032)
4.7.4.2 Market by Polymer Type (2018-2032)
4.7.4.3 Market by Application (2018-2032)
4.7.5 Middle East and Africa
4.7.5.1 Demand Analysis and Forecast (2018-2032)
4.7.5.2 Market by Polymer Type (2018-2032)
4.7.5.3 Market by Application (2018-2032)
4.8 Global Ethylene Vinyl Acetate (EVA) Supply Demand Gap, By Region
4.8.1 North America
4.8.1.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.2 Europe
4.8.2.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.3 Asia Pacific
4.8.3.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.4 Latin America
4.8.4.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.5 Middle East and Africa
4.8.5.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
5 North America Ethylene Vinyl Acetate (EVA) Market Analysis
5.1 United States of America
5.1.1 Demand Analysis and Forecast (2018-2032)
5.1.2 Demand Supply Gap
5.2 Canada
5.2.1 Demand Analysis and Forecast (2018-2032)
5.2.2 Demand Supply Gap
6 Europe Ethylene Vinyl Acetate (EVA) Market Analysis
6.1 Germany
6.1.1 Demand Analysis and Forecast (2018-2032)
6.1.2 Demand Supply Gap
6.2 UK
6.2.1 Demand Analysis and Forecast (2018-2032)
6.2.2 Demand Supply Gap
6.3 France
6.3.1 Demand Analysis and Forecast (2018-2032)
6.3.2 Demand Supply Gap
6.4 Italy
6.4.1 Demand Analysis and Forecast (2018-2032)
6.4.2 Demand Supply Gap
6.5 Spain
6.5.1 Demand Analysis and Forecast (2018-2032)
6.5.2 Demand Supply Gap
6.6 Others
7 Asia Pacific Ethylene Vinyl Acetate (EVA) Market Analysis
7.1 China
7.1.1 Demand Analysis and Forecast (2018-2032)
7.1.2 Demand Supply Gap
7.2 Japan
7.2.1 Demand Analysis and Forecast (2018-2032)
7.2.2 Demand Supply Gap
7.3 India
7.3.1 Demand Analysis and Forecast (2018-2032)
7.3.2 Demand Supply Gap
7.4 South Korea
7.4.1 Demand Analysis and Forecast (2018-2032)
7.4.2 Demand Supply Gap
7.5 ASEAN
7.5.1 Demand Analysis and Forecast (2018-2032)
7.5.2 Demand Supply Gap
7.6 Australia
7.6.1 Demand Analysis and Forecast (2018-2032)
7.6.2 Demand Supply Gap
7.7 Others
8 Latin America Ethylene Vinyl Acetate (EVA) Market Analysis
8.1 Brazil
8.1.1 Demand Analysis and Forecast (2018-2032)
8.1.2 Demand Supply Gap
8.2 Argentina
8.2.1 Demand Analysis and Forecast (2018-2032)
8.2.2 Demand Supply Gap
8.3 Mexico
8.3.1 Demand Analysis and Forecast (2018-2032)
8.3.2 Demand Supply Gap
8.4 Others
9 Middle East and Africa Ethylene Vinyl Acetate (EVA) Market Analysis
9.1 Saudi Arabia
9.1.1 Demand Analysis and Forecast (2018-2032)
9.1.2 Demand Supply Gap
9.2 United Arab Emirates
9.2.1 Demand Analysis and Forecast (2018-2032)
9.2.2 Demand Supply Gap
9.3 Nigeria
9.3.1 Demand Analysis and Forecast (2018-2032)
9.3.2 Demand Supply Gap
9.4 South Africa
9.4.1 Demand Analysis and Forecast (2018-2032)
9.4.2 Demand Supply Gap
9.5 Others
10 Growth Opportunities and Strategic Analysis
10.1 Supply Chain Analysis and Its Component
10.2 Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in the Last One Year and the Last one Quarter
10.3 Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in Next One Year and the Next one
10.4 Impact Analysis in Price and Demand after Force Majeure Events, and Plant Closures
10.5 Environmental Considerations and Government Regulations
10.6 Technology Innovation and Its Impact on Production and Application
10.7 Challenges and Opportunities Faced by Existing Manufacturers
10.8 Potential Risks and Barriers to Entry for New Players
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Sinopec
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio and Major Grades
11.2.1.3 Capacity by Location
11.2.1.4 Expansion Plan
11.2.1.5 Major Consumers
11.2.1.6 Revenue from POI
11.2.1.7 Technological Innovation and Sustainability
11.2.2 Hanwha Chemical
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio and Major Grades
11.2.2.3 Capacity by Location
11.2.2.4 Expansion Plan
11.2.2.5 Major Consumers
11.2.2.6 Revenue from POI
11.2.2.7 Technological Innovation and Sustainability
11.2.3 ExxonMobil Corporation
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio and Major Grades
11.2.3.3 Capacity by Location
11.2.3.4 Expansion Plan
11.2.3.5 Major Consumers
11.2.3.6 Revenue from POI
11.2.3.7 Technological Innovation and Sustainability
11.2.4 Formosa Plastics Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio and Major Grades
11.2.4.3 Capacity by Location
11.2.4.4 Expansion Plan
11.2.4.5 Major Consumers
11.2.4.6 Revenue from POI
11.2.4.7 Technological Innovation and Sustainability
11.2.5 Dow Chemical Corporation
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio and Major Grades
11.2.5.3 Capacity by Location
11.2.5.4 Expansion Plan
11.2.5.5 Major Consumers
11.2.5.6 Revenue from POI
11.2.5.7 Technological Innovation and Sustainability
11.2.6 Shaanxi Yanchang Zhongmei Yulin Energy Chemical Co, Ltd.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio and Major Grades
11.2.6.3 Capacity by Location
11.2.6.4 Expansion Plan
11.2.6.5 Major Consumers
11.2.6.6 Revenue from POI
11.2.6.7 Technological Innovation and Sustainability
11.2.7 Celanese Corporation
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio and Major Grades
11.2.7.3 Capacity by Location
11.2.7.4 Expansion Plan
11.2.7.5 Major Consumers
11.2.7.6 Revenue from POI
11.2.7.7 Technological Innovation and Sustainability
11.2.8 USI Corporation
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio and Major Grades
11.2.8.3 Capacity by Location
11.2.8.4 Expansion Plan
11.2.8.5 Major Consumers
11.2.8.6 Revenue from POI
11.2.8.7 Technological Innovation and Sustainability
11.2.9 Lotte Chemical Corporation
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio and Major Grades
11.2.9.3 Capacity by Location
11.2.9.4 Expansion Plan
11.2.9.5 Major Consumers
11.2.9.6 Revenue from POI
11.2.9.7 Technological Innovation and Sustainability
11.2.10 Versalis S.p.A
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio and Major Grades
11.2.10.3 Capacity by Location
11.2.10.4 Expansion Plan
11.2.10.5 Major Consumers
11.2.10.6 Revenue from POI
11.2.10.7 Technological Innovation and Sustainability
11.2.11 Arkema S.A.
11.2.11.1 Company Overview
11.2.11.2 Product Portfolio and Major Grades
11.2.11.3 Capacity by Location
11.2.11.4 Expansion Plan
11.2.11.5 Major Consumers
11.2.11.6 Revenue from POI
11.2.11.7 Technological Innovation and Sustainability
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ethylene Vinyl Acetate (EVA) Market: Key Industry Highlights, 2018 and 2032
2. Global Ethylene Vinyl Acetate (EVA) Market Supply Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
3. Global Ethylene Vinyl Acetate (EVA) Market Production Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
4. Global Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
5. Global Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
6. Global Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Region (Thousand Tonnes), 2018-2032
7. Global Ethylene Vinyl Acetate (EVA) Market Supply Demand Gap: Breakup by Region (Thousand Tonnes), 2018-2032
8. North America Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
9. North America Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
10. North America Ethylene Vinyl Acetate (EVA) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
11. North America Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
12. Europe Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
13. Europe Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
14. Europe Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
15. Europe Ethylene Vinyl Acetate (EVA) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
16. Asia Pacific Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
17. Asia Pacific Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
18. Asia Pacific Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
19. Asia Pacific Ethylene Vinyl Acetate (EVA) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
20. Latin America Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
21. Latin America Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
22. Latin America Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
23. Latin America Ethylene Vinyl Acetate (EVA) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
24. Middle East and Africa Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
25. Middle East and Africa Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
26. Middle East and Africa Ethylene Vinyl Acetate (EVA) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
27. Middle East and Africa Ethylene Vinyl Acetate (EVA) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
28. Global Ethylene Vinyl Acetate (EVA) Market Structure
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