Market Size of Ethylene Vinyl Acetate (EVA) Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 4.80 Million tons |
| Market Volume (2029) | 6.16 Million tons |
| CAGR (2024 - 2029) | 5.09 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ethylene Vinyl Acetate Market Analysis
The Ethylene Vinyl Acetate Market size is estimated at 4.80 Million tons in 2024, and is expected to reach 6.16 Million tons by 2029, growing at a CAGR of 5.09% during the forecast period (2024-2029).
The COVID-19 pandemic impacted the market in 2020. As a result, international travel bans and retail business closures, sales, purchases, and usage fell across many end-user segments. However, the demand for ethylene-vinyl acetate (EVA) increased in 2021 and 2022.
- Over the short term, the growing demand for ethylene-vinyl acetate (EVA) from the packaging industry and agricultural applications is expected to drive the market.
- Conversely, the increasing threat of substitutes is expected to hinder the market's growth.
- The increasing demand for photovoltaic (PV) solar cell encapsulants is expected to offer growth opportunities for the market during the forecast period.
- Asia-Pacific is expected to dominate the market and is likely to witness the highest CAGR during the forecast period as the economies in the region are driving the market, leading to increased spending capacities among the people.
