Development of the packaging industry, economic proliferation & increased income level, rising investment in solar energy generation set-ups
PUNE, MAHARASHTRA, INDIA, November 26, 2020 /EINPresswire.com/ — According to the report published by Allied Market Research, the global Ethylene Vinyl Acetate (Eva) Resins market was estimated at $7.44 billion in 2018 and is expected to hit at $12.14 billion by 2026, registering a CAGR of 6.3% from 2019 to 2026. The report provides an in-depth analysis of the market size & estimations, top investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and wavering market trends.
Development of the packaging industry, economic proliferation & increased income level, rising investment in solar energy generation set-ups, and surge in demand from different sectors such as footwear & foam markets propel the growth of the global Ethylene Vinyl Acetate (Eva) Resins market. On the other hand, increase in the threat of substitutes and concerns associated with the usage of EVA in photovoltaic packaging restrain the growth to some extent. However, the introduction of bio-based EVA resin materials is expected to create a number of lucrative opportunities for the key players in the industry.
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The Thermoplastic Ethylene VA segment to lead the trail during the forecast period:
Based on type, the Thermoplastic Ethylene VA segment contributed to more than two-thirds of the total market revenue in 2018 and is expected to dominate through 2019–2026. The Ethylene VA Rubber segment, on the other hand, is projected to garner the fastest CAGR of 6.82% by 2026.
The footwear segment to rule the roost till 2026:
Based on end-user, the footwear segment accounted for more than two-fifths of the total market share in 2018 and is anticipated to maintain its dominance during the study period. Simultaneously, the photovoltaic panels segment is predicted to register the fastest CAGR of 7.79% throughout the estimated period.
Asia-Pacific generated the major share in 2018:
Based on geography, the Asia-Pacific region held the highest share in 2018, contributing to nearly half of the total market. The same segment would also cite the fastest CAGR of 6.45% during 2019–2026.
The key market players analyzed in the global Ethylene Vinyl Acetate (Eva) Resins market report include:
• Celanese Corporation
• DOW Inc.
• Lyondell Basell Industries N.V.
• Exxon Mobil Corporation
• Arkema S.A.
• Hanwha Chemical Co, Ltd.
• Sinopec Corporation
• Lotte Chemical Corporation
• Formosa Plastics Corporation
• Braskem S.A.
These market players have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Source: EIN Presswire