The Asia Pacific Ethylene Vinyl Acetate Resins Market would witness market growth of 6.6% CAGR during the forecast period (2019-2025).
Ethylene Vinyl Acetate (EVA) foam has a fine uniform cell structure which, like other thermoplastics, allows it to be processed. It maintains its flexibility and resilience, quickly recovers and absorbs colors from compressions. Normally, the foam is created in a mold that turns into a piece of closed-cell foam ("a bun"). Bun sizes differ according to foam thickness. Per the specification, the bun is sliced into sheets or fabricated into a particular form or item. EVA foam is highly flexible with countless uses and applications that are usually taken for granted. EVA foam can be identified in all kinds of appliances, including automotive, construction, marine, healthcare, electronics, packaging, recreation, sports, and footwear.
Asia-Pacific accounted for a largest share of the global industry for ethylene vinyl acetate resins due to increased consumption of these resins in the electrical & aerospace and packaging industries. In fact, distinct collaborations, partnerships, and joint ventures have been observed in the market. Moreover, in the electronics industry, China, Japan, and South Korea are the leaders, fueling demand for EVA resins. Furthermore, the growing need for EVA resins in sectors such as electrical & aerospace in the Asia-Pacific region is anticipated to bring rise to the industry trends for Ethylene vinyl acetate resins.
Based on Type, the market is segmented into Vinyl Acetate-Modified Polyethylene (Low Density), Thermoplastic Ethylene Vinyl Acetate (Medium Density) and Ethylene Vinyl Acetate Rubber (High Density). Based on Application, the market is segmented into Film, Foam, Hot Melt Adhesives, Wire & Cables, Extrusion Coating, Solar Cell Encapsulation and Other Applications. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Celanese Corporation, ExxonMobil Corporation, LyondellBasell Industries N.V., Innospec, Inc., Hoehn Plastics, Inc., 3M Company, BASF SE, Lotte Chemical Corporation and Clariant AG.
Market Segmentation:
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By End User
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Companies Profiled
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