![Ethylene Vinyl Acetate (EVA) Market Size Ethylene Vinyl Acetate (EVA) Market Summary](https://s3.mordorintelligence.com/ethylene-vinyl-acetate-market/ethylene-vinyl-acetate-market-size-image-1735455758164.webp)
Study Period | 2019 - 2030 |
Market Volume (2025) | 4.85 Million tons |
Market Volume (2030) | 6.20 Million tons |
CAGR | 5.02 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Ethylene Vinyl Acetate (EVA) Market Analysis
The Ethylene Vinyl Acetate Market size is estimated at 4.85 million tons in 2025, and is expected to reach 6.20 million tons by 2030, at a CAGR of 5.02% during the forecast period (2025-2030).
The ethylene vinyl acetate industry is experiencing significant transformation driven by the global energy transition and sustainability initiatives. According to the International Energy Agency (IEA), solar PV installed power capacity is expected to exceed coal by 2027, becoming the world's largest power source with cumulative capacity nearly tripling through an increase of approximately 1,500 GW. This shift has prompted major industry players to invest heavily in production capacity expansion and technological improvements. Global renewable capacity additions are projected to reach a record 440 GW in 2023, representing the largest absolute increase ever recorded, which is driving demand for EVA in solar cell encapsulation applications.
The industry landscape is being reshaped by strategic partnerships and manufacturing capacity expansions. In 2023, significant investments were made in new production facilities, exemplified by SANITAL SpA's announcement to establish a new manufacturing plant for solar EVA films in Italy's Apulia Region, and Hangzhou First Applied Material Co.'s USD 226 million investment in Vietnam for EVA film production expansion. These developments are complemented by technological advancements in production processes, with companies focusing on improving product quality and manufacturing efficiency to meet evolving market demands.
The ethylene vinyl acetate market is witnessing a notable trend toward vertical integration and supply chain optimization. Major chemical companies are forming strategic alliances to strengthen their market positions and ensure stable supply chains. For instance, in January 2023, Hanwha Solutions Corp announced a USD 2.5 billion investment to construct a solar power production value chain in Georgia, while simultaneously forming a joint venture with GS Energy Corp. to produce ethylene vinyl acetate at the Yeosu Industrial Complex in South Korea. This trend toward consolidation is enabling manufacturers to better control quality and costs while reducing supply chain vulnerabilities.
Innovation in product development and application technologies is driving ethylene vinyl acetate market growth, particularly in high-performance applications. Companies are investing in research and development to create enhanced EVA formulations that offer improved properties for specific applications. For example, in February 2023, Celanese Corporation completed an ultra-low capital project to repurpose existing manufacturing assets, resulting in a 35% growth in EVA capacity at its Edmonton facility. This focus on innovation extends to sustainable solutions, with manufacturers developing bio-based alternatives and recyclable formulations to address growing environmental concerns and regulatory requirements.
Ethylene Vinyl Acetate (EVA) Market Trends
Growing Demand from Packaging Industry
The packaging industry is witnessing significant demand for ethylene vinyl acetate (EVA) due to its versatile properties and advantages over conventional packaging materials. EVA copolymers are increasingly replacing polyvinyl chloride as they require no curing or plasticizer and have no odor, making them ideal for food packaging applications. The material's excellent properties, including higher tensile strength, superior barrier characteristics, exceptional transparency, and superior adhesion capabilities, make it particularly valuable for applications like frozen food packaging, bread bags, and ice bags. In food packaging specifically, EVA content ranges from 2% for bread bags to 6% for frozen food packaging, demonstrating its adaptability to different packaging requirements.
Recent industry developments highlight the growing importance of EVA in packaging applications. According to the Packaging Industry Association of India (PIAI), the packaging industry is experiencing robust growth driven by increasing demand for customized packaging in food segments like microwave meals, snacks, and frozen foods. The material's waterproof nature and UV protection capabilities, combined with its good resistance to high temperatures, strong winds, and humid environments, make it particularly valuable for protective packaging applications. Furthermore, EVA's ability to enhance the sealability and clarity of olefins while improving low-temperature performance has led to its increased adoption in multi-layer packaging films, where it is typically copolymerized with LLDPE, LDPE, or other resins to achieve desired properties. The EVA price trend has shown a steady increase, reflecting its growing demand in the packaging industry.
Rising Demand from Agricultural Applications
The agricultural sector represents a significant growth driver for the ethylene vinyl acetate market, particularly in greenhouse farming and agricultural film applications. Ethylene vinyl acetate film is extensively used in agricultural applications due to its ability to create optimal growing conditions and protect crops. The material's exceptional properties, including UV resistance, moisture control, and thermal management capabilities, make it ideal for greenhouse covers and agricultural films. These films assist farmers in protecting and growing their produce year-round because of their exceptionally damage-resistant qualities, while also helping to create a microclimate environment for lower water usage.
The agricultural sector's modernization and expansion of protected cultivation methods are driving increased demand for EVA films. For instance, in China, plastic mulches occupy approximately 13% of the nation's farmland, making China the global leader in agricultural plastic usage. Similarly, in the United States, greenhouse farming is gaining popularity as a way to produce fresh, local produce without weather constraints, with top states including Michigan, Minnesota, Pennsylvania, and Oregon housing approximately 8,750 greenhouse vegetable farms. The material's ability to offer excellent mechanical strength, great elasticity, and superior physical properties makes it particularly valuable for agricultural applications where durability and performance are crucial. Additionally, EVA films' ability to provide high light transmission while maintaining structural integrity has made them essential in modern agricultural practices, particularly in regions focusing on year-round crop production. The current ethylene vinyl acetate prices reflect its increasing importance in these applications.
Segment Analysis: By Grade
Low-Density Segment in Ethylene Vinyl Acetate (EVA) Market
The low-density grade dominates the global ethylene vinyl acetate market, accounting for approximately 47% of the total market volume in 2024. This significant market share can be attributed to its versatile properties and wide range of applications. Low-density EVA is particularly valued for its durable characteristics and considerable resistance to abrasions, making it an ideal choice for various applications, including footwear, creative props, and armor. The material exhibits excellent flexibility while maintaining durability, though it shows some swelling in oil due to lower resistance to oil and chemicals. Its processing characteristics are similar to low-density polyethylene, with variants containing approximately 11% vinyl acetate being extensively used in hot-melt adhesives. The grade's higher gloss, flexibility, and softness make it particularly suitable for film applications, while its non-toxic nature has led to increased adoption in medical applications such as prosthetic covers and orthotic linings.
![Market Analysis of Ethylene Vinyl Acetate (EVA) Market: Chart for By Grade](https://s3.mordorintelligence.com/ethylene-vinyl-acetate-market/ethylene-vinyl-acetate-market-Ethylene-Vinyl-Acetate-Market-Market-Share-by-Grade-Segment-2024-1736963276218.webp)
High-Density Segment in Ethylene Vinyl Acetate (EVA) Market
The high-density grade is emerging as the fastest-growing segment in the EVA market, projected to expand at a CAGR of approximately 10% during the forecast period 2024-2029. This remarkable growth is driven by the segment's superior properties, including enhanced strength and hardness compared to other grades of EVA. High-density EVA demonstrates exceptional resistance to heat, ozone, and weathering agents, making it increasingly preferred in demanding applications. The grade's chemical and oil resistance properties vary depending on the vinyl acetate content, with higher VA content offering superior oil resistance but slightly reduced flexibility. The segment's growth is particularly notable in footwear manufacturing applications, where it is extensively used in wedge bottoms, block heels, shoe lifts, rigid insoles, and heel lifting. The material's excellent compression and recovery properties, combined with its durability and structural integrity, make it particularly suitable for heavy-duty applications and load-bearing supports.
Remaining Segments in EVA Market by Grade
The medium-density grade segment continues to play a crucial role in the EVA market, bridging the gap between low and high-density applications. Medium-density EVA, typically containing 15-40% vinyl acetate content, functions as a thermoplastic elastomer material without requiring vulcanization while maintaining properties similar to rubber or plasticized polyvinyl chloride at higher VA proportions. This grade is particularly valued in the manufacturing of orthopedic footwear, specifically for medium-density insoles, AFO lining, DAFO lining, KAFO lining, and CAD-CAM milling. The segment's balanced properties of compressibility, durability, and structural support make it ideal for applications requiring moderate stiffness and good cushioning characteristics, contributing to its steady market presence and continued importance in various industrial applications.
Segment Analysis: By Application
Films Segment in Ethylene Vinyl Acetate (EVA) Market
The films segment dominates the global ethylene vinyl acetate market, accounting for approximately 43% of the total market volume in 2024. This significant market share is primarily driven by the extensive use of ethylene vinyl acetate film in various packaging applications, particularly in the food and beverage industry. EVA films are increasingly preferred due to their superior properties, including excellent transparency, good adhesion, flexibility, and enhanced barrier properties. The segment's dominance is further strengthened by the growing demand from agricultural applications where EVA films are used in greenhouse covers and mulch films. Additionally, the rising adoption of EVA films in laminated packaging materials, particularly in emerging economies, coupled with the increasing focus on sustainable and efficient packaging solutions, continues to drive the segment's market leadership.
Solar Cell Encapsulation Segment in Ethylene Vinyl Acetate (EVA) Market
The solar cell encapsulation segment is emerging as the fastest-growing application in the EVA market, projected to grow at a robust CAGR of nearly 12% during 2024-2029. This exceptional growth is driven by the rapid expansion of the global solar energy sector and increasing investments in renewable energy infrastructure. The segment's growth is further accelerated by technological advancements in photovoltaic cell manufacturing and the rising adoption of solar power generation across both developed and developing nations. EVA's unique properties, including high transparency, excellent UV resistance, and superior encapsulation capabilities, make it an ideal material for solar panel manufacturing. The segment is also benefiting from supportive government policies and incentives promoting solar energy adoption, particularly in regions like Asia-Pacific and North America.
Remaining Segments in EVA Market by Application
The remaining segments in the EVA market include foams, adhesives, and other applications, each serving distinct industrial needs. The foams segment is particularly significant in the footwear industry, where EVA is used for manufacturing comfortable and durable shoe soles. The adhesives segment maintains its importance in various industries, including packaging, woodworking, and automotive applications, due to EVA's excellent adhesion properties and versatility. Other applications encompass diverse uses such as wire and cable insulation, hot melt adhesives, and various industrial applications. These segments collectively contribute to the market's diversity and stability, with each serving specific industrial requirements and maintaining steady growth trajectories based on their respective end-user industry demands.
Ethylene Vinyl Acetate (EVA) Market Geography Segment Analysis
Ethylene Vinyl Acetate (EVA) Market in Asia-Pacific
The Asia-Pacific region dominates the global ethylene vinyl acetate market, driven by robust growth across various end-use industries, including packaging, agriculture, and solar energy. The region's market is characterized by the presence of major manufacturing facilities in China, Japan, South Korea, and India. Increasing investments in solar energy projects, growing agricultural activities, and an expanding packaging industry have positioned APAC as the primary consumer of EVA globally. The region benefits from favorable government policies promoting renewable energy adoption and agricultural modernization, particularly in emerging economies.
![Market Analysis of Ethylene Vinyl Acetate (EVA) Market: Forecasted Growth Rate by Region](https://s3.mordorintelligence.com/ethylene-vinyl-acetate-market/ethylene-vinyl-acetate-market-Ethylene-Vinyl-Acetate-EVA-Market-Forecasted-Five-Year-Growth-Rate-By-Region-1736519029280.webp)
Ethylene Vinyl Acetate (EVA) Market in China
China leads the Asia-Pacific EVA market, commanding approximately 72% of the regional market share in 2024. The country's dominance is supported by its massive manufacturing base and growing demand from various end-use industries. China's packaging sector has shown consistent growth, with plastic film production reaching significant volumes. The country's agricultural sector employs extensive tunnel farming technology, with plastic greenhouses covering approximately 4 million hectares. Additionally, China's position as the world's largest solar energy market, with substantial installed capacity and ambitious expansion plans, continues to drive ethylene vinyl acetate demand for photovoltaic applications.
Ethylene Vinyl Acetate (EVA) Market in India
India represents the fastest-growing market in the Asia-Pacific region, with a projected growth rate of approximately 6% during 2024-2029. The country's EVA market is experiencing rapid expansion driven by increasing domestic demand and growing manufacturing activities. India's packaging industry is witnessing substantial growth, with the Packaging Industry Association of India projecting significant expansion. The country's ambitious renewable energy targets, aiming for 500 GW of installed renewable energy by 2030, including 280 GW of solar power, are creating substantial opportunities for EVA in solar cell encapsulation applications. The government's focus on agricultural modernization and the expanding footwear industry further contribute to market growth.
Ethylene Vinyl Acetate (EVA) Market in North America
The North American ethylene vinyl acetate market is characterized by sophisticated end-use applications across packaging, agriculture, and solar energy sectors. The region benefits from advanced manufacturing capabilities and strong research and development infrastructure. The United States, Canada, and Mexico form the key markets, each contributing significantly to regional consumption. The market is driven by increasing demand for sustainable packaging solutions, growing agricultural modernization, and rising investments in renewable energy projects.
Ethylene Vinyl Acetate (EVA) Market in United States
The United States dominates the North American market, accounting for approximately 74% of the regional market share in 2024. The country's market is driven by its large food and beverage packaging industry, with the Association for Packaging and Processing Technologies reporting steady growth. The presence of over 39,000 food and beverage processing plants across the country, particularly concentrated in California, Texas, and New York, creates substantial demand for EVA in packaging applications. The country's growing solar energy sector and extensive agricultural activities further support market growth.
Ethylene Vinyl Acetate (EVA) Market in Mexico
Mexico emerges as the fastest-growing market in North America, with a projected growth rate of approximately 4% during 2024-2029. The country's strategic location and manufacturing capabilities have attracted significant investments in EVA-consuming industries. Mexico's position as a manufacturing hub for the North American region, coupled with its growing solar energy sector and expanding agricultural activities, drives market growth. The country's participation in various free trade agreements and its developing industrial infrastructure continue to attract investments in ethylene vinyl acetate-consuming sectors.
Ethylene Vinyl Acetate (EVA) Market in Europe
The European EVA market demonstrates strong demand driven by the region's robust manufacturing sector and increasing focus on sustainable solutions. Germany, the United Kingdom, France, and Italy represent the key markets, each contributing significantly to regional consumption. The market benefits from stringent quality standards and increasing adoption of renewable energy technologies. The region's commitment to sustainability and environmental protection shapes market dynamics and product development.
Ethylene Vinyl Acetate (EVA) Market in Germany
Germany maintains its position as the largest EVA market in Europe, leveraging its strong industrial base and technological advancement. The country's packaging industry generates substantial revenue, supported by a robust food and beverage sector comprising over 6,150 companies. Germany's central position in the EU makes it an ideal location for logistics hubs and distribution centers, driving demand for packaging applications. The country's commitment to solar energy expansion and agricultural development further strengthens market growth.
Ethylene Vinyl Acetate (EVA) Market in Rest of Europe
The Rest of Europe region demonstrates the highest growth potential in the European market, driven by expanding applications across various industries. Countries in this segment show increasing adoption of EVA in packaging, agricultural films, and solar energy applications. The growth is supported by rising investments in renewable energy projects and modernization of agricultural practices. The region's focus on sustainable development and technological advancement continues to create new opportunities for ethylene vinyl acetate applications.
Ethylene Vinyl Acetate (EVA) Market in South America
The South American ethylene vinyl acetate market is characterized by growing demand from agricultural and packaging applications. Brazil emerges as both the largest and fastest-growing market in the region, supported by its extensive agricultural sector and expanding packaging industry. The region's market is influenced by increasing investments in renewable energy projects and modernization of agricultural practices. Countries like Argentina also contribute significantly to regional consumption, particularly in agricultural film applications and packaging sectors. The region's focus on agricultural development and increasing adoption of modern farming techniques continues to drive market growth.
Ethylene Vinyl Acetate (EVA) Market in Middle East & Africa
The Middle East & Africa EVA market demonstrates growing potential across various end-use industries. Saudi Arabia stands as the largest market in the region, benefiting from its strong petrochemical industry and increasing investments in solar energy projects. The Rest of Middle East & Africa represents the fastest-growing segment, driven by expanding applications in packaging and agricultural sectors. The region's market is characterized by increasing investments in manufacturing capabilities and growing demand from emerging economies. Countries across the region are focusing on diversifying their economies and developing their manufacturing sectors, which continues to create new opportunities for EVA applications.
Ethylene Vinyl Acetate (EVA) Industry Overview
Top Companies in Ethylene Vinyl Acetate (EVA) Market
The EVA market is characterized by intense competition among major chemical and petrochemical companies that are actively pursuing innovation and expansion strategies. Companies are focusing on developing specialized grades of EVA for emerging applications like solar cell encapsulation while simultaneously improving existing product portfolios for traditional uses in packaging and footwear. Operational excellence is being achieved through backward integration along the value chain, particularly in ethylene production, allowing better cost control and supply chain optimization. Strategic moves include significant investments in production capacity expansions, particularly in Asia-Pacific regions, and the establishment of joint ventures to penetrate new markets. Companies are also emphasizing sustainability initiatives and circular economy principles in their operations while strengthening their distribution networks to enhance market reach and customer service capabilities.
Consolidated Market with Strong Regional Players
The global EVA market structure exhibits a mix of multinational conglomerates and specialized chemical manufacturers, with varying degrees of market influence across different regions. Major petrochemical companies dominate the market through their integrated operations and extensive production capabilities, while regional players maintain strong positions in their respective territories through local market knowledge and established customer relationships. The market shows moderate consolidation, with the top players controlling a significant portion of the global production capacity, particularly in key regions like Asia-Pacific and North America.
The industry has witnessed strategic consolidation through mergers, acquisitions, and joint ventures, particularly in emerging markets. Companies are increasingly forming strategic alliances to combine technological expertise and market access, especially in high-growth applications like solar energy. Chinese manufacturers have emerged as significant players, expanding their production capabilities and global market presence through aggressive capacity additions and technological improvements. The competitive dynamics are further shaped by vertical integration strategies, with many players maintaining control over raw material supply chains to ensure cost competitiveness and supply security.
Innovation and Sustainability Drive Future Success
Success in the EVA industry increasingly depends on companies' ability to innovate and adapt to evolving industry requirements while maintaining cost competitiveness. Market leaders are investing heavily in research and development to develop specialized grades for emerging applications, particularly in renewable energy and sustainable packaging solutions. The ability to maintain stable supply chains and optimize production costs through vertical integration has become crucial for maintaining market position. Companies are also focusing on developing sustainable products and processes to align with growing environmental concerns and regulatory requirements.
For new entrants and smaller players, success lies in identifying and serving niche market segments while building strong customer relationships and technical service capabilities. The development of specialized applications and focus on specific end-user industries provides opportunities for differentiation in an otherwise commoditized market. Geographic expansion strategies need to be carefully planned, considering regional demand patterns and competitive dynamics. The increasing focus on sustainability and circular economy principles presents opportunities for companies to differentiate themselves through innovative solutions and environmentally friendly products, while regulatory compliance and adaptation to evolving environmental standards remain critical success factors.
Ethylene Vinyl Acetate (EVA) Market Leaders
-
Exxon Mobil Corporation
-
Hanwha Solutions
-
Dow
-
Formosa Plastics Corporation
-
Celanese Corporation
- *Disclaimer: Major Players sorted in no particular order
![Ethylene Vinyl Acetate Market - Market Concentration.png](https://s3.mordorintelligence.com/ethylene-vinyl-acetate-market/ethylene-vinyl-acetate-market_1692199270546_Ethylene_Vinyl_Acetate_Market_-_Market_Concentration.webp)
Ethylene Vinyl Acetate (EVA) Market News
- June 2023: PetroChina Guangxi Petrochemical Company announced the license of the LyondellBasell polyethylene technology at its facility in Qinzhou City, Guangxi, China. The Lupotech process technology would produce mainly low-density polyethylene (LDPE) with ethylene vinyl acetate copolymers (EVA).
- February 2023: Celanese Corporation announced the completion of an ultra-low capital project to repurpose existing manufacturing and infrastructure assets to unlock additional ethylene vinyl acetate (EVA) capacity at its facility in Edmonton, Alberta. This expansion resulted in a 35% growth in the EVA capacity of the plant.
Ethylene Vinyl Acetate Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Demand from the Packaging Industry
- 4.1.2 Increasing Demand from Agricultural Applications
-
4.2 Restraints
- 4.2.1 Increasing Threat of Substitutes
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
-
5.1 Grade
- 5.1.1 Low Density
- 5.1.2 Medium Density
- 5.1.3 High Density
-
5.2 Application
- 5.2.1 Films
- 5.2.2 Adhesives
- 5.2.3 Foams
- 5.2.4 Solar Cell Encapsulation
- 5.2.5 Other Applications
-
5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of the Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 Asia Polymer Corporation
- 6.4.2 BASF-YPC Company Limited
- 6.4.3 Benson Polymers
- 6.4.4 Braskem
- 6.4.5 Celanese Corporation
- 6.4.6 China Petrochemical Corporation
- 6.4.7 Clariant
- 6.4.8 Dow
- 6.4.9 Exxonmobil Corporation
- 6.4.10 Formosa Plastics Corporation
- 6.4.11 Hanwha Solutions
- 6.4.12 HD Hyundai
- 6.4.13 Innospec
- 6.4.14 Jiangsu Sailboat Petrochemical Co. Ltd
- 6.4.15 Levima Advanced Materials Corporation
- 6.4.16 Lotte Chemical Corporation
- 6.4.17 LG Chem
- 6.4.18 Lyondellbasell Industries Holdings BV
- 6.4.19 Repsol
- 6.4.20 Saudi Arabian Oil Co. (Arlanxeo)
- 6.4.21 Sinochem Holdings Corporation Ltd
- 6.4.22 Sipchem Company
- 6.4.23 Sumitomo Chemical Co. Ltd
- 6.4.24 Zhejiang Petroleum & Chemical Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Demand for Photovoltaic (PV) Solar Cell Encapsulants
Ethylene Vinyl Acetate (EVA) Industry Segmentation
Ethylene-vinyl acetate is the thermoplastic resin produced by vinyl acetate monomer and ethylene co-polymerization process in a high-pressure reactor. The major applications of EVA include packaging, plastic goods industries, footwear, pipes, wire and cable insulation, toys, photovoltaic encapsulation, corks, medical packaging, hot melt adhesives, and glass lamination.
The ethylene-vinyl acetate (EVA) market is segmented by grade, application, and geography. By grade, the market is segmented into low density, medium density, and high density. By application, the market is segmented into films, adhesives, foams, solar cell encapsulation, and other applications. The report covers the market sizes and forecasts for the global ethylene vinyl acetate (EVA) market in 15 countries across major regions. The report offers the market size in terms of volume (tons) for all the abovementioned segments.
Grade | Low Density | ||
Medium Density | |||
High Density | |||
Application | Films | ||
Adhesives | |||
Foams | |||
Solar Cell Encapsulation | |||
Other Applications | |||
Geography | Asia-Pacific | China | |
India | |||
Japan | |||
South Korea | |||
Rest of Asia-Pacific | |||
North America | United States | ||
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Rest of Europe | |||
South America | Brazil | ||
Argentina | |||
Rest of South America | |||
Middle East and Africa | Saudi Arabia | ||
South Africa | |||
Rest of the Middle East and Africa |
Ethylene Vinyl Acetate Market Research FAQs
How big is the Ethylene Vinyl Acetate Market?
The Ethylene Vinyl Acetate Market size is expected to reach 4.85 million tons in 2025 and grow at a CAGR of 5.02% to reach 6.20 million tons by 2030.
What is the current Ethylene Vinyl Acetate Market size?
In 2025, the Ethylene Vinyl Acetate Market size is expected to reach 4.85 million tons.
Who are the key players in Ethylene Vinyl Acetate Market?
Exxon Mobil Corporation, Hanwha Solutions, Dow, Formosa Plastics Corporation and Celanese Corporation are the major companies operating in the Ethylene Vinyl Acetate Market.
Which is the fastest growing region in Ethylene Vinyl Acetate Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Ethylene Vinyl Acetate Market?
In 2025, the Asia Pacific accounts for the largest market share in Ethylene Vinyl Acetate Market.
What years does this Ethylene Vinyl Acetate Market cover, and what was the market size in 2024?
In 2024, the Ethylene Vinyl Acetate Market size was estimated at 4.61 million tons. The report covers the Ethylene Vinyl Acetate Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Ethylene Vinyl Acetate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Ethylene Vinyl Acetate (EVA) Market Research
Mordor Intelligence offers comprehensive insights into the ethylene vinyl acetate market. We leverage our extensive experience in industry analysis and consulting services. Our latest report provides detailed market analysis of EVA applications across various sectors. These include ethylene vinyl acetate film manufacturing and emerging technologies. The research covers crucial aspects such as EVA price trends, production dynamics, and detailed market forecast data. This information is available in an easy-to-download report PDF format.
Our analysis benefits stakeholders by offering in-depth coverage of ethylene vinyl acetate prices and market growth indicators across the value chain, from EVA resins to finished products. The report examines key applications, including solar EVA films, photovoltaic EVA materials, and specialized vinyl acetate ethylene formulations. It provides actionable insights for strategic decision-making. Stakeholders gain access to comprehensive EVA industry data, including detailed cost of production analysis and market forecasts. This supports informed business planning and competitive positioning in the global marketplace.