Global Ethylene Vinyl Acetate (EVA) Market Size, Share, Opportunities, And Trends By Grade (Low Density, Medium Density, High Density), By Application (Films, Adhesives, Foams, Solar Cell Encapsulation, Others), By End-User Industry (Footwear, Construction, Electrical and Electronics, Packaging, Automotive, Pharmaceuticals, Others), And By Geography- Forecasts From 2025 To 2030

The global ethylene vinyl acetate market is estimated to reach US$7,934.307 million by 2030 from US$6,659.576 million in 2025, growing at a CAGR of 3.56%.

Ethylene vinyl acetate (EVA) is a soft and strong copolymer of ethylene and vinyl acetate. This versatile material is extensively applied in several industries due to its elastic nature and properties that vary according to the quantity of vinyl acetate content. EVA is commonplace in the production of foam-based products, such as packaging foams, sports padding, and shoe insoles.

Its lightweight design, effective shock resistance, and screening from UV rays make it an ideal complement for these particular applications. EVA is further produced in films, wires, cables, adhesives, and molded items apart from foams. This is because has the ability to withstand high temperatures and remain flexible at low temperatures, making it popular in the consumer, medical, and industrial fields. EVA is very convenient in terms of cost, regard for the environment, and, importantly, modern-day production methods.

Further, the global market for ethylene vinyl acetate is slightly consolidated, with major players expanding, launching, and collaborating, which is also increasing the market growth. For instance, in June 2023, PetroChina Guangxi Petrochemical Company started licensing LyondellBasell's polyethylene technology at its plant in Qinzhou City, Guangxi Province, China. However, the key benefit of employing Lupotech process technology is the capability to create a different type of polymer - EVA copolymers low-density polyethylene (LDPE).

What are the global ethylene vinyl acetate market growth drivers?

• Rising demand in the renewable energy sector

The market for ethylene vinyl acetate is witnessing noteworthy prospects due to the growing need in the renewable energy industry, particularly in solar technology. EVA is essential when it comes to encasing photovoltaic modules inside solar panels. Technological materials that can extend solar panel life and efficiency are becoming highly necessary as the world becomes more focused on sustainable energy solutions. Because of its unique qualities—such as its flexibility, lightweight, and resistance to environmental changes—EVA is the best material to encase photovoltaic modules.

Further, the demand for EVA in the manufacturing and improvement of solar panels rising due to the expansion of renewable energy initiatives and ongoing advancements in solar technologies. This offers the global market for EVA a significant chance to advance and improve renewable energy solutions and support global efforts toward a cleaner, more sustainable future. For instance, the yearly growth rate of renewable capacity additions worldwide reached a record high of nearly 510 gigawatts (GW) in 2023, up nearly 50% from the previous two decades. Additionally, according to US Energy Information Administration estimates, the country's solar power output will increase by 75% between 2023 and 2025, from 163 billion kWh to 286 billion kWh, increasing market growth.

• Growth of the global construction sector

Ethylene vinyl acetate has found major application in the construction sector owing to its durability, flexibility, and weather resistance. The EVA is widely used for waterproofing, which helps protect the roof and foundations of the building from any water damage. It is also used as an adhesive and sealant for strong bonding in paneling and flooring. In the projected period, with increasing investment in the construction sector, the demand for EVA will grow.

For instance, according to the U.S. Census Bureau, the construction sector in the United States is increasing. In August 2024, the monthly construction spending of the country was US$2,131.9 billion, which was 4.1% higher than in August 2023, when it was US$2,047.2 billion. In August 2024, the private sector construction spending was US$1,642.2 billion, and the public sector construction spending was US$489.8 billion.

Furthermore, increasing investment in infrastructure in various countries such as China and India is propelling the market growth in the projected period. For instance, according to the India Brand Equity Foundation (IBEF), the total allocated investment for Smart Cities Mission in India stood at INR 7,20,000 crore (US$ 86.43 billion) as of February 2024. Additionally, of the total projects 7,742 have been tendered, work orders have been issued for 2,740 projects, and 5,002 projects are completed as of February 2024. Hence, such increasing investments in the construction sector are expected to positively influence the ethyl-vinyl acetate market in the forecasted period. 

Moreover, the company’s increasing technological advancements in the development of EVA are boosting the market growth in the projected period. For instance, Univation Technologies announced the launch of its latest licensed technology platform, which is a tubular high-pressure PE process that will help in the production of both ethyl-vinyl acetate and low-density polyethylene (LDPE) copolymer resin. Both of these products will be sold under the brand name of UNIGILITY™ Tubular High-Pressure PE Process Technology.

What are the key geographical trends shaping the global ethylene vinyl acetate market?

• The Asia Pacific region is expected to witness significant growth in the global ethylene vinyl acetate market.

 A key driver for the increase in the demand for ethylene vinyl acetate is its flexible and low-temperature resistance for its efficient use in the sealant solution in the packaging industry. Ethylene vinyl acetate plastic consists of randomly distributed vinyl acetate chains interspersed with ethylene chains. This acetate, with less than 5% vinyl acetate, is utilized in deep freeze applications, while EVA containing 6%- 10% vinyl acetate is used in milk pouches and bag-in-box applications.

Ethylene-vinyl acetate is a lightweight copolymer resin that is lightweight with excellent foamability. It is used in footwear, sports, and leisure applications. Due to its flexibility and low-temperature resistance, it is also used as a sealant solution in the packaging industry.

A specifically outstanding aspect of EVA is that it is very flexible and provides a soft touch. This characteristic allows it to be bent and mangled without changing its shape, making it suitable for cushioning and padding. In certain areas where visibility and aesthetics are of concern, EVA’s high transparency could benefit. Another advantage of EVA is that it is also light; therefore, it finds application in protective clothing and footwear.

In this regard, as per the India Trade Promotion Organization (ITPO), India is known to be the second largest producer of footwear after China, accounting for the total footwear production of 13% of 16 billion pairs. India produces 2065 million pairs of different categories of footwear (leather footwear accounting for 909 million pairs, leather shoe uppers further accounting for 100 million pairs, and non-leather footwear accounting for 1056 million pairs). India also exports about 115 million pairs. Thus, nearly 95% of its production goes to meet its domestic demand.

Key developments in the global ethylene vinyl acetate market:

• In September 2024, Dow Polychemicals, a leading petrochemical manufacturer, signs a marketing agreement with Mitsui Polychemicals for biomass low-density polyethylene (LDPE), and biomass ethylene vinyl acetate copolymer (EVA)

The Global Ethylene Vinyl Acetate Market is analyzed into the following segments:

• By Grade
  • Low Density
  • Medium Density
  • High Density
• By Application
  • Films
  • Adhesives
  • Foams
  • Solar Cell Encapsulation
  • Others
• By End-User Industry
  • Footwear
  • Construction
  • Electrical and Electronics
  • Packaging
  • Automotive
  • Pharmaceuticals
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East and Africa
  • Asia Pacific Region
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GLOBAL ETHYLENE VINYL ACETATE MARKET BY GRADE

5.1. Introduction

5.2. Low Density

5.3. Medium Density

5.4. High Density

6. GLOBAL ETHYLENE VINYL ACETATE MARKET BY APPLICATION

6.1. Introduction

6.2. Films

6.3. Adhesives

6.4. Foams

6.5. Solar Cell Encapsulation

6.6. Others

7. GLOBAL ETHYLENE VINYL ACETATE MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Footwear

7.3. Construction

7.4. Electrical and Electronics

7.5. Packaging

7.6. Automotive

7.7. Pharmaceuticals

7.8. Others 

8. GLOBAL ETHYLENE VINYL ACETATE MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Grade

8.2.2. By Application

8.2.3. By End-User Industry

8.2.4. By Country

8.2.4.1. United States

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Grade

8.3.2. By Application

8.3.3. By End-User Industry

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Rest of South America

8.4. Europe

8.4.1. By Grade

8.4.2. By Application

8.4.3. By End-User Industry

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.2. Germany

8.4.4.3. France

8.4.4.4. Italy

8.4.4.5. Spain

8.4.4.6. Rest of Europe

8.5. Middle East and Africa

8.5.1.1. By Grade

8.5.1.2. By Application

8.5.1.3. By End-User Industry

8.5.1.4. By Country

8.5.1.4.1. Saudi Arabia

8.5.1.4.2. United Arab Emirates

8.5.1.4.3. Rest of the Middle East and Africa

8.6. Asia Pacific

8.6.1. By Grade

8.6.2. By Application

8.6.3. By End-User Industry

8.6.4. By Country

8.6.4.1. Japan

8.6.4.2. China

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Taiwan

8.6.4.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. BASF-YPC Company Limited

10.2. Clariant

10.3. China Petrochemical Corporation

10.4. Celanese Corporation

10.5. Dow

10.6. ExxonMobil Corporation

10.7. Formosa Plastics Corporation

10.8. Hanwha Solutions

10.9. Sipchem Company

10.10. Sumitomo Chemical Co., Ltd.

10.11. Zhejiang Petroleum & Chemical Co., Ltd.

10.12. LyondellBasell Industries Holdings BV

10.13. LG Chem

10.14. Sinochem Holdings Corporation Ltd.

10.15. Saudi Arabian Oil Co.

10.16. Lotte Chemical Corporation

10.17. Asia Polymer Corporation

10.18. Levima Group Co., Ltd. 

BASF-YPC Company Limited

Clariant

China Petrochemical Corporation

Celanese Corporation

Dow

ExxonMobil Corporation

Formosa Plastics Corporation

Hanwha Solutions

Sipchem Company

Sumitomo Chemical Co., Ltd.

Zhejiang Petroleum & Chemical Co., Ltd.

LyondellBasell Industries Holdings BV

LG Chem

Sinochem Holdings Corporation Ltd.

Saudi Arabian Oil Co.

Lotte Chemical Corporation

Asia Polymer Corporation

Levima Group Co., Ltd.