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EVA Adhesives Market Size

The EVA adhesives market is projected to experience significant growth over the forecast period, driven by its extensive application across various end-user industries such as packaging, automotive, woodworking, and construction. The market's expansion is supported by the increasing demand for fast-curing adhesives, particularly in the packaging sector, which holds the largest market share. Despite a temporary decline due to the COVID-19 pandemic, the market has rebounded as restrictions eased, with growth expected to continue. The Asia-Pacific region, led by China, dominates the market share due to its robust construction and automotive sectors.

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Market Size of eva adhesives Industry

EVA Adhesives Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 12.05 Billion
svg icon Market Size (2028) USD 15.43 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2028) 6.39 %
svg icon Largest Share by Region Europe
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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EVA Adhesives Market Analysis

The EVA Adhesives Market size is estimated at 12.05 billion USD in 2024, and is expected to reach 15.43 billion USD by 2028, growing at a CAGR of 6.39% during the forecast period (2024-2028).

12.05 Billion

Market Size in 2024 (USD)

15.43 Billion

Market Size in 2028 (USD)

6.24 %

CAGR (2017-2023)

6.39 %

CAGR (2024-2028)

Largest Market by End-user Industry

73.62 %

value share, Packaging, 2023

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Packaging is the dominant end-user industry owing to its wide applications, including cardboard sealing and joining, paper packaging, and laminating films.

Largest Market by Technology

54.52 %

value share, Hot Melt, 2023

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Hot melt is the largest technology type in the market due to its wide range of applications across major end-user industries, including packaging and automotive.

Largest Market by Region

36.12 %

value share, Europe, 2023

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Europe, driven mainly by Germany, the United Kingdom, France, and Italy, is a major EVA adhesives consumer owing to its usage by various end users.

Fastest Growing Market by Region

6.94 %

Projected CAGR, Europe, 2024-2028

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With the increasing demand for food and beverage packaging and the rapid growth of sustainable packaging solutions, Europe is likely to be the fastest-growing region during the forecast period.

Leading Market Player

4.90 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel is the leading EVA/VAE adhesives manufacturer globally, which can be attributed to the popularity of its products in the packaging industry, specifically for flexible packaging.

Healthcare is the fastest-growing end-user while packaging remains as pole position

  • Globally, EVA adhesives find applications in a range of end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond with substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion.
  • The global demand for EVA adhesives grew significantly from 2017 to 2019. The woodworking and joinery industry in the North American region has witnessed the highest growth (CAGR of 9.00%) in demand among all end-user industries from all regions. Increased import duties on furniture products resulted in growth in the domestic woodworking industry.
  • In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, labor shortages, and other factors. The demand from the automotive industry suffered the most, declining by 14.72% Y-o-Y. Reduced travel activity, shortage of raw materials, and various other factors have caused this decline. As the restrictions eased, the global EVA adhesives demand quickly rose to pre-pandemic levels in 2021.
  • This growth trend is expected to continue during the forecast period. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to grow, recording a CAGR of 4.32% during the forecast period. The packaging industry favors EVA adhesives because of their fast-curing properties and thus occupies the largest share of the demand. The industry is expected to remain the largest end-user during the forecast period.
Global EVA Adhesives Market

Growing construction and automotive activities across the globe to boost the demand for EVA adhesives

  • Asia-Pacific occupied the largest share of the demand for EVA resin-based adhesives throughout the study period because of the large number of construction and packaging activities, automotive, medical devices, and aerospace production capacities, and other well-established end-user industries in the region. China is the largest construction and automotive market globally and generates up to 58% of the demand from the Asia-Pacific region.
  • During 2017-2019, the demand for EVA resin-based adhesives was sluggish due to the slow growth in the European and Asia-Pacific regions. The global decline in the demand from construction and automotive end-user industries, which are among the major end-user industries, has restricted the overall growth of EVA adhesives to around 3% (in terms of volume) in 2018 and 2019 compared to previous years.
  • In 2020, the demand for EVA adhesives from all end-user industries declined because of the COVID-19 pandemic. In some countries like Germany, Russia, South Africa, and Brazil, construction activities were deemed essential and were allowed to operate during the pandemic. Factors like these have cushioned the global impact restricting the decline of EVA adhesives by around -6.75% in 2020 compared to 2019 (in terms of volume).
  • In 2021, due to the relief packages and support schemes in countries like the United States, Australia, and countries in the European Union, the demand started to recover, and this growth trend is expected to continue throughout the forecast period. Increased investments and budget allotments witnessed in European, South American, and Asia-Pacific countries are expected to drive this growth.

EVA Adhesives Industry Segmentation

Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Solvent-borne, Water-borne are covered as segments by Technology. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.

  • Globally, EVA adhesives find applications in a range of end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond with substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion.
  • The global demand for EVA adhesives grew significantly from 2017 to 2019. The woodworking and joinery industry in the North American region has witnessed the highest growth (CAGR of 9.00%) in demand among all end-user industries from all regions. Increased import duties on furniture products resulted in growth in the domestic woodworking industry.
  • In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, labor shortages, and other factors. The demand from the automotive industry suffered the most, declining by 14.72% Y-o-Y. Reduced travel activity, shortage of raw materials, and various other factors have caused this decline. As the restrictions eased, the global EVA adhesives demand quickly rose to pre-pandemic levels in 2021.
  • This growth trend is expected to continue during the forecast period. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to grow, recording a CAGR of 4.32% during the forecast period. The packaging industry favors EVA adhesives because of their fast-curing properties and thus occupies the largest share of the demand. The industry is expected to remain the largest end-user during the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Other End-user Industries
Technology
Hot Melt
Solvent-borne
Water-borne
Region
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Singapore
South Korea
Thailand
Rest of Asia-Pacific
Europe
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Rest of South America
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EVA Adhesives Market Size Summary

The EVA adhesives market is poised for significant growth, driven by its diverse applications across various end-user industries such as packaging, automotive, woodworking, and construction. These adhesives are valued for their ability to bond with a wide range of substrates, including paper, wood, plastics, and metals, making them essential in applications like carton sealing and vehicle interiors. The market experienced a downturn in 2020 due to the COVID-19 pandemic, which disrupted supply chains and reduced demand, particularly in the automotive sector. However, as restrictions eased, demand rebounded to pre-pandemic levels, with the packaging industry maintaining its position as the largest consumer of EVA adhesives due to their fast-curing properties.

Regionally, Asia-Pacific dominates the EVA adhesives market, supported by robust construction and automotive activities, particularly in China. The market's growth is further bolstered by innovations in packaging, such as edible and smart packaging, which align with sustainability trends. The automotive industry, while growing steadily, faces challenges from shifting consumer preferences towards shared mobility and electric vehicles, which are expected to drive future demand for EVA adhesives. The market is fragmented, with key players like Aica Kogyo, Arkema Group, and Dow leading the charge, and recent mergers and acquisitions indicate a strategic focus on expanding market presence and capabilities.

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EVA Adhesives Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Footwear and Leather

      5. 1.1.5 Healthcare

      6. 1.1.6 Packaging

      7. 1.1.7 Woodworking and Joinery

      8. 1.1.8 Other End-user Industries

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Solvent-borne

      3. 1.2.3 Water-borne

    3. 1.3 Region

      1. 1.3.1 Asia-Pacific

        1. 1.3.1.1 Australia

        2. 1.3.1.2 China

        3. 1.3.1.3 India

        4. 1.3.1.4 Indonesia

        5. 1.3.1.5 Japan

        6. 1.3.1.6 Malaysia

        7. 1.3.1.7 Singapore

        8. 1.3.1.8 South Korea

        9. 1.3.1.9 Thailand

        10. 1.3.1.10 Rest of Asia-Pacific

      2. 1.3.2 Europe

        1. 1.3.2.1 France

        2. 1.3.2.2 Germany

        3. 1.3.2.3 Italy

        4. 1.3.2.4 Russia

        5. 1.3.2.5 Spain

        6. 1.3.2.6 United Kingdom

        7. 1.3.2.7 Rest of Europe

      3. 1.3.3 Middle East & Africa

        1. 1.3.3.1 Saudi Arabia

        2. 1.3.3.2 South Africa

        3. 1.3.3.3 Rest of Middle East & Africa

      4. 1.3.4 North America

        1. 1.3.4.1 Canada

        2. 1.3.4.2 Mexico

        3. 1.3.4.3 United States

        4. 1.3.4.4 Rest of North America

      5. 1.3.5 South America

        1. 1.3.5.1 Argentina

        2. 1.3.5.2 Brazil

        3. 1.3.5.3 Rest of South America

EVA Adhesives Market Size FAQs

The Global EVA Adhesives Market size is expected to reach USD 12.05 billion in 2024 and grow at a CAGR of 6.39% to reach USD 15.43 billion by 2028.

In 2024, the Global EVA Adhesives Market size is expected to reach USD 12.05 billion.

EVA Adhesives Market Report Snapshots

EVA Adhesives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028