#Ethylene Vinyl Acetate (EVA) Resins & Films Market trends
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Vinyl Acetate Monomer Market Report: Trends, Analysis, and Projections
Vinyl Acetate Monomer (VAM) is a key chemical intermediate used in the production of various polymers and resins, offering versatility in applications across industries. This blog explores the dynamics of the global VAM market, analyzing key drivers, applications, emerging trends, and future growth prospects.
Understanding the VAM Market:
Vinyl Acetate Monomer (VAM) Is an organic compound produced by the reaction of acetylene and acetic acid. It serves as a crucial building block in the synthesis of polyvinyl acetate (PVAc), ethylene-vinyl acetate (EVA) copolymers, and other vinyl acetate-based polymers and resins.
Market Dynamics:
Polymer Production: VAM is primarily used in the production of PVAc, a versatile polymer used in adhesives, paints, coatings, textiles, and packaging materials due to its adhesive properties, flexibility, and film-forming capabilities.
Adhesives and Sealants: PVAc-based adhesives and sealants find applications in woodworking, paper packaging, construction, and consumer goods industries, offering strong bonding, versatility, and ease of use.
Coatings and Emulsions: VAM-based polymers are used in paints, coatings, and emulsions for architectural, automotive, and industrial coatings, providing adhesion, durability, and weather resistance properties.
Textile and Nonwoven Applications: VAM polymers are utilized in textile finishes, nonwoven binders, and fiber treatments, enhancing fabric properties such as softness, water repellency, and strength.
Applications Across Industries:
Adhesives: Woodworking, paper packaging, construction.
Coatings: Paints, architectural coatings, industrial coatings.
Textiles: Finishes, nonwoven binders, fiber treatments.
Packaging: PVAc films, adhesives for flexible packaging.
Market Trends:
Green and Sustainable Solutions: Increasing demand for eco-friendly adhesives, coatings, and polymers drives the development of bio-based VAM and sustainable formulations using recycled materials, aligning with environmental regulations and market preferences.
High-Performance Applications: Innovations in VAM-based copolymers such as EVA copolymers and VAM-acrylic copolymers cater to specialized applications in automotive, electronics, and medical sectors requiring enhanced properties such as heat resistance, flexibility, and chemical resistance.
Technological Advancements: Advances in VAM production processes, catalyst technologies, and polymerization techniques improve efficiency, product quality, and cost-effectiveness, driving market competitiveness.
Future Prospects:
The global VAM market is poised for significant growth, driven by the expanding demand for polymers, adhesives, coatings, and specialty materials across industries. Investments in R&D, sustainability initiatives, and market diversification strategies will shape the market's evolution and unlock new opportunities for stakeholders.
Conclusion:
Vinyl Acetate Monomer (VAM) plays a vital role in the production of polymers, adhesives, coatings, and specialty materials essential for diverse industries. Understanding market trends, technological advancements, and sustainability imperatives is crucial for stakeholders in the VAM market to leverage growth opportunities and address evolving industry needs effectively. With a focus on innovation, sustainability, and customized solutions, the VAM market presents promising prospects for continued growth and development in the global chemical and materials industry landscape.
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Ethylene Vinyl Acetate (EVA) Resins & Films Market Analysis Forecast to 2022-2031
Kenneth Research has released a report titled “Ethylene Vinyl Acetate (EVA) Resins & Films Market: Global Demand Analysis & Opportunity Outlook 2031” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The solar PV installed capacity worldwide, according to the statistics by the International Renewable Energy Agency (IRENA), grew from 72216 MW in the year 2011 to 843086 MW in the year 2021.
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The demand for solar panels worldwide is increasing at a significant pace. This can majorly be attributed to the increasing concern for greenhouse gas (GHG) emissions and the rising focus of the government of nations to promote the adoption of green energy. With the surge in demand for solar panels, there is a rising need amongst the solar PV manufacturers for raw materials to manufacture these components. As EVA resins & films are widely used in the manufacturing of solar PV panels, hence, the demand for the chemical compound amongst the solar PV panel manufacturers is anticipated to grow, and in turn, drive the growth of the global ethylene vinyl acetate (EVA) resins & films market.
The global ethylene vinyl acetate (EVA) resins & films market is anticipated to grow with a CAGR of 5.9% over the forecast period, i.e., 2022 – 2031. The market is estimated to garner a revenue of USD 12127.4 Million by the end of 2031. Additionally, in the year 2021, the market registered a revenue of USD 6863.6 Million. The market is segmented by application into food & beverage packing, hot melt adhesives, wires & cables, foams, inks, bitumen additives & asphalt modifiers, pharmaceutical, EVA film, and others, out of which, the EVA films segment is projected to garner the largest revenue of USD 5387.1 Million by the end of 2031. Moreover, the segment generated a revenue of USD 3006.5 Million in the year 2021.
By region, the global ethylene vinyl acetate (EVA) resins & films market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in the Asia Pacific is expected to garner the largest revenue of USD 7437.1 Million by the end of 2031. Moreover, the market in the region generated a revenue of USD 4051.9 Million in the year 2021.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the availability of low-cost substitutes is projected to hinder the market growth in the coming years.
This report also provides the existing competitive scenario of some of the key players of the global ethylene vinyl acetate (EVA) resins & films market, which includes company profiling of Arkema, International Polymers Corporation (IPC), Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Braskem, LG Chem, Celanese Corporation, Hanwha Solutions Chemical Division Corporation, Folienwerk Wolfen GmbH, SANVIC Inc. (KANEKA CORPORATION), LOTTE Chemical Corporation, Dr. Dietrich Mueller GmbH, Lucent CleanEnergy, SK geo centric Co., Ltd., Changzhou Betterial Film Technologies Co., Ltd., Zhejiang Sinopont Technology Co., Ltd., JIN HEUNG INDUSTRIAL CO., LTD., INTERLAYER SOLUTIONS, Mitsui Chemicals, Inc., Japan Coating Resin co., ltd., The Dow Chemical Company, 3M, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Ethylene Vinyl Acetate (EVA) Resins & Films Market: Global Demand Analysis & Opportunity Outlook 2031”, analyses the overall global ethylene vinyl acetate (EVA) resins & films industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global ethylene vinyl acetate (EVA) resins & films market in the near future.
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#Ethylene Vinyl Acetate (EVA) Resins & Films Market#Ethylene Vinyl Acetate (EVA) Resins & Films Market size#Ethylene Vinyl Acetate (EVA) Resins & Films Market share#Ethylene Vinyl Acetate (EVA) Resins & Films Market trends
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EVA Resins & Films Market is anticipated to expand at a CAGR of 4.5%
EVA Resins & Films Market: Introduction
In terms of value, the global EVA resins & films market is anticipated to expand at a CAGR of 4.5% from 2020 to 2028. Ethylene and vinyl acetate are used in the manufacture of ethylene-vinyl acetate (EVA) resins. EVA resins & films are employed in the manufacture of foams, packaging films, solar cell encapsulation, wires & cables, and hot melt adhesives. EVA with low melt index offers superior viscosity, high strength, and relative bonding and melting strength as compared to its melt index counterparts. EVA resins are primarily employed in the paper and packaging industry, owing to their superior properties such as low sealing temperature and enhanced flexibility. Furthermore, EVA resins are utilized in photovoltaic panels that are used in solar energy generation.
Increase in Adoption of Foam-based Products to Boost EVA Resins & Films Market
EVA resins & films offer various advantages such as low seal initiation temperature for fast packaging speeds, low shrink temperature, greater adhesion than polyethylene (PE) to a variety of substrates/layers, including polyolefins, PVS, PS, and PET, enhanced flexibility, increased impact strength, improved puncture resistance, excellent flex crack resistance, excellent flow and caulking in seal area, and good bondage to PVDC in co-extrusion processes. These are the key factors expected to drive the global EVA resins & films market.
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EVA-based foam has a fine uniform cell structure that allows it to be processed akin to other thermoplastics. It retains its resilience and flexibility, quickly recovers from compressions, as well as absorbs colors. The foam is formed in a mold that becomes a sheet of a closed cell foam. EVA resins & films are used in various applications, including buildings, automotive, marine, healthcare, packaging, electronics, sports, recreation, leisure, and footwear. This is another major factor expected to drive the global EVA resins & films market during the forecast period.
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Rise in disposable income of consumers, growth of population, increase in government initiatives for industrial development, and collaborations with foreign investors are some of the key factors boosting the demand for EVA resins & films.
Foams to be Leading Application of EVA Resins
In terms of application, the foams segment is projected to expand at a CAGR of more than 5% during the forecast period. This can be ascribed to the increase in usage of foams in exercise and floor mats, sports equipment, kickboards, crafts, life jackets, and flip-flops, among others. Hot melt adhesives was also a vital segment of the global EVA resins market in 2019. This can be ascribed to various advantages offered by hot melt adhesives such as high production speeds, wide range of adhesion to different materials, elastic bond lines, and water-free bonding.
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Solar Cell Encapsulation to be Dominant Application
Based on application, the global EVA films market has been segregated into solar cell encapsulation, glass lamination, cosmetics, agriculture, and others (including machinery covers). In terms of consumption, solar cell encapsulation was the leading segment of the global EVA films market in 2019. This trend is expected to continue in the near future. This can be ascribed to rise in demand for generation of energy through solar panels. Utilization of solar panels is also increasing in the automotive industry, owing to the advent of solar-powered cars. This is likely to boost the solar panel coatings market, thereby propelling the EVA films market during the forecast period.
Asia Pacific to be Lucrative Region of EVA Resins & Films Market
In terms of consumption, Asia Pacific dominated the global EVA resins & films market in 2019. The EVA resins & films market in the region is projected to expand at a rapid pace from 2020 to 2028. China and India are estimated to be among the leading consumers of EVA resins & films and their derivatives across the world during the forecast period. In terms of consumption, Asia Pacific accounts for more than 50% share of the global EVA resins & films market. China, India, and ASEAN are anticipated to be highly attractive markets for EVA resins & films in Asia Pacific from 2020 to 2028.
North America is also considered a high potential region of the global EVA resins & films market, led by the rise in demand for EVA resins & films in the U.S. and Canada. This trend is anticipated to continue during the forecast period owing to the increase in upcoming projects in the solar energy industry in the U.S. Energy industry is a major end user of solar panel coatings, led by the rise in usage of renewable sources of energy. Additionally, utilization of solar panels has been increasing in the automotive sector. This is projected to augment the EVA resins & films market in North America in the near future.
Competition Landscape of EVA Films & Resins Market
The global EVA resins & films market is highly fragmented. Leading players such as Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Hanwha Group, The Dow Chemical Company, Arkema S.A., Braskem, and 3M cumulatively held more than 40% share of the global EVA resins & films market in 2019.
Key manufacturers operating in the global EVA resins & films market include LG Chem Ltd., Celanese Corporation, LOTTE ALUMINIUM, SANVIC INC., SKC, International Polymers Company (IPC), Folienwerk Wolfen GmbH, Dr. Dietrich Mueller UK Limited, Lucent CleanEnergy, Changzhou Bbetter Film Technologies Co., Ltd., Zhejiang Sinopont Technology Co., Ltd., Jinheung Industrial Co., Ltd., Mitsui Chemicals Tohcello, Inc., and Interlayer
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Greenhouse Film Market Research Report, Size, Share, Industry Outlook - 2021-2028
The global greenhouse film market is likely to reach value of USD 13.15 Billion by 2027, according to a current analysis by Emergen ResearchThe Global Greenhouse Film Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Greenhouse Film industry.
The study offers comprehensive coverage of the qualitative and quantitative analysis of the Greenhouse Film market along with crucial statistical data about the Greenhouse Film market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
To learn more details about the Global Greenhouse Film Market report, visit @ https://www.emergenresearch.com/industry-report/greenhouse-film-market
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
Top Key Players :
Plastika Kritis S.A., Armando Álvarez Group, Ginegar Plastic Products Ltd., RKW Group, POLIFILM EXTRUSION GmbH, Berry Global, Inc., Agriplast Tech India Pvt Ltd, GROUPE BARBIER, A.A. Politiv Ltd., and Mitsubishi Chemical Corporation
sample copy of the Global Greenhouse Film Market report, visit @ https://www.emergenresearch.com/request-sample/432
This report encompasses the current scenario and growth prospects of Global Keyword for the period 2020 – 2025. The study is a meticulously framed, in-depth study, with multiple tables charts and graphs that provide vital information on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in that specific market.
Radical Highlights of the Greenhouse Film Market Report:
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
The Global Greenhouse Film Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
Segmentation :
Emergen Research has segmented the global greenhouse film market in terms of resin type, thickness, and region:
Resin Type Outlook (Revenue, USD Billion; 2017–2027)Linear Low-density Polyethylene (LLDPE)
Low-density Polyethylene (LDPE)
Ethylene-vinyl Acetate (EVA)
Others
Thickness Outlook (Revenue, USD Billion; 2017–2027)80 to 150 Microns
150 to 200 Microns
More than 200 Microns
Region wise performance of the Keyword industry
North America Keyword market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Keyword market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.
Asia Pacific registered fastest revenue CAGR in 2020, and the Keyword market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.
Europe Keyword market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Keyword market growth.
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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Ethylene Vinyl Acetate Market
Ethylene Vinyl Acetate Market: Industry Perspective, COVID-19 Impact Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2030
The Ethylene Vinyl Acetate Market was valued at USD 8362.8 million in 2020, at a CAGR of 6% between 2020 and 2030. All sectors have relied on Materials and Chemicals to keep their manufacturing lines stocked with raw materials. Because of the critical significance of this business, we have a compelling need to comprehend its influence on the global economy. As urban environments evolve at breakneck speed, the sector has seen a spike in demand for specialty chemicals and diverse types of materials.A chemical compound is a separate substance or combination that has been created or refined intentionally, whereas a material is a compound that is used to make more complicated materials. Chemicals, both organic and inorganic in origin, are the fundamental components of many materials. Ceramics, adhesives, metals, composites, polymers, and glasses are all common materials. Chemicals and materials are used in a wide range of end-use sectors, including automotive, power and energy, agriculture, food and drinks, instrumentation, consumer products, aerospace and military, healthcare, and information technology. The market for chemicals and materials is vast.
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Market Dynamics and Factors:
To reduce the negative impact of chemical manufacture on the environment, chemical firms are progressively embracing sustainable and environmentally friendly procedures. Chemical businesses may now create chemical goods using alternative fuels because of advancements in technology and chemical sciences. They use carbon dioxide from the atmosphere to make fuels, industrial goods, and other chemicals.For some years from now the pharmaceutical, nutrition, and hygiene industries will likely trend upward, while the automobile, construction, and consumer industries will likely trend lower. With a renewed focus on broadening product portfolios, end-user applications have become the major focus for most chemical firms, and they may take advantage of the current crisis to make product portfolio adjustments. Chemical businesses may consider aligning their product strategy with market movements, prioritising demand, and leveraging existing and near-term trends to profit on new sources of demand, such as hygiene goods and services such as antibacterial coatings. The rapid economic expansion in nations like India and China has driven demand for infrastructure and building, which has resulted in an increase in the number of infrastructural development operations. As a result, the chemicals and materials industry has a very favourable environment to expand in.
Market Segmentation:
Depending upon the type, the market is segmented into VLEVA, LEVA, HEVA, and MEVA. On the basis of technology, the market is segmented into compounding and wire & cables, injection molding, film, extrusion coating, other extrusions, and other non-extrusions. On the basis of end-user, the market is segmented into packaging , agriculture, footwear & foams, photovoltaic panels, pharmaceutical and others. Depending upon the regional breakdown, EVA market can be segregated into North America, Europe, Asia-Pacific, and RoW.
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Geographic Analysis:
On a regional basis, The United States accounted for the biggest proportion of the Materials & chemicals market in North America. The country's speciality chemical industry is being boosted by rapid industrial growth and technical developments in the industrial sector.Asia-Pacific accounted for one-third of total market share, the highest among all regions. This is due to the presence of important emerging economies in this region, such as China, India, and Japan, which accounted for the largest share of the materials & chemicals market. Paints and coatings, water treatment, personal care products and cosmetics, electronics, agriculture, and other chemicals & materials are largely utilised in the Asia-Pacific area. For foreign investors, these locations provide excellent investment prospects.
In Asia, China is the largest market for specialty chemicals.Value chains are rapidly moving eastward, driven by economic development and commercial possibilities in Asia, posing significant difficulties for the European chemical sector. State-controlled players and rising chemical behemoths are developing in a new, more competitive environment. In order to manage volatility on a playing field where trade flows change direction gradually, fragile economic circumstances must be managed. Understanding these difficulties and, more significantly, developing the best strategic alternatives to succeed in this new competitive climate, are at the top of any chemical executive's priority list.The MEA speciality chemicals market is being driven by the revival of the oil and gas sector, expanding agrochemical consumption in African countries, and increasing building activities for the creation of new industrial facilities, commercial centres, and housing projects.
Competitive Analysis:
Celanese Corporation,
Hanwha Chemical Co, Ltd.,
Braskem S.A.,
Arkema S.A.,
Sinopec Corporation,
DOW Inc.,
Formosa Plastics Corporation,
Lyondellbasell Industries N.V.,
Exxon Mobil Corporation
Lotte Chemical Corporation
are main players involved in the ethylene vinyl acetate resin industry. Infineum International Ltd., Innospec Inc., Clariant AG, Honam Petrochemical Corporation and Hoehn Plastics, Inc., are other players operating in this market. Such major players pursue multiple approaches such as acquisition, company expansion and partnership in order to remain competitive in the global market.
How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Ethylene Vinyl Acetate industry, although key threats, opportunities and disruptive technologies that could shape the Ethylene Vinyl Acetate Market supply and demand.
The report tracks the leading market players that will shape and impact the Ethylene Vinyl Acetate Market most.
The data analysis present in the Ethylene Vinyl Acetate Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Ethylene Vinyl Acetate Market business.
The 2021 Annual Ethylene Vinyl Acetate Market offers:
100+ charts exploring and analysing the Ethylene Vinyl Acetate Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Ethylene Vinyl Acetate Market type
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Greenhouse Film Market Investment Opportunities, Industry Share and Trend Analysis Report to 2027
The global greenhouse film market is likely to reach value of USD 13.15 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to the growing focus of the horticulture industry on sustainable production and higher profit margins. Manufacturers of greenhouse films are trying to provide lightweight and durable polyethylene materials. Increasing research and development activities to produce materials that provide an outstanding balance of high tensile strength, light transmission, tear resistance, and light weight are expected to drive the market for greenhouse films in the near future.
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The research report offers insightful data about both organic and inorganic approaches undertaken by the players in the global Greenhouse Film market. The major companies are working towards fortifying their presence in the market through a series of strategic alliances, product innovations, product launches, and other fruitful business plans. The global Greenhouse Film market report provides extensive coverage of the business deals, collaborations, mergers and acquisitions, joint ventures, partnerships, and government deals. The prominent players of the global Greenhouse Film market are expected to contribute significantly to the revenue generation owing to increasing demand for the Greenhouse Film products in the industry.
Prominent Players Profiled in the Greenhouse Film Market:
Plastika Kritis S.A., Armando Álvarez Group, Ginegar Plastic Products Ltd., RKW Group, POLIFILM EXTRUSION GmbH, Berry Global, Inc., Agriplast Tech India Pvt Ltd, GROUPE BARBIER, A.A. Politiv Ltd., and Mitsubishi Chemical Corporation
Emergen Research has segmented the global greenhouse film market in terms of resin type, thickness, and region:
Resin Type Outlook (Revenue, USD Billion; 2017–2027)
Linear Low-density Polyethylene (LLDPE)
Low-density Polyethylene (LDPE)
Ethylene-vinyl Acetate (EVA)
Others
Thickness Outlook (Revenue, USD Billion; 2017–2027)
80 to 150 Microns
150 to 200 Microns
More than 200 Microns
Regional Analysis:
The report provides an investigation of the global market in various geographical regions. The regional analysis states the global market is bifurcated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The report also covers import export consumption, supply and demand ratio, cost, pricing analysis, gross margin, and revenue estimation of each player in each region. The report covers a detailed examination of the market scenarios and trends on a regional and global level.
Key geographical regions analyzed in the report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key points covered in the report:
The latest report based on the global Greenhouse Film market includes an elaborate list of the company profiles of the leading market players.
The report throws light on certain significant aspects, such as manufacturing/production capacity, sales, future expansion strategies, and technological capabilities of these market players.
The report emphasizes the primary application areas of the global market and therefore provides a precise account of the market to enable the interested readers to gain crucial insights into the global market mechanism.
The report involves a SWOT analysis of the global Greenhouse Film market. In the concluding part of the report, the opinions of several industry experts and professionals have been included.
The report elucidates vital information about investors, stakeholders, policymakers, manufacturers, suppliers, service providers, and the leading contenders in this market.
Key Highlights of TOC:
Chapter 1: Methodology & Scope
Definition &forecast parameters
Methodology & forecast parameters
Data Sources
Chapter 2: Detailed Summary
Regional trends
Business trends
Product trends
End-use trends
Chapter 3: Industry Insights
Industry segmentation
Vendor matrix
Technological & innovation landscape
Chapter 4: Regional Outlook
Chapter 5: Company Profile
Financial Data
Business Overview
SWOT Analysis
Strategic Outlook
Product Landscape
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Global Ethylene Vinyl Acetate Resin Sales Market Report 2021
Ethylene-vinyl acetate (EVA) resin, also known as PEVA, is the copolymer of ethylene and vinyl acetate. The weight percent vinyl acetate (VA) usually varies from 10 to 40%, with the remainder being ethylene.
The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges.
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Market Analysis and Insights: Global Ethylene Vinyl Acetate Resin Market
The global Ethylene Vinyl Acetate Resin market was valued at US$ XX in 2020 and will reach US$ XX million by the end of 2027, growing at a CAGR of XX% during 2022-2027.
Global Ethylene Vinyl Acetate Resin Scope and Market Size
The global Ethylene Vinyl Acetate Resin market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Ethylene Vinyl Acetate Resin market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Tubular EVA
Autoclave EVA
Segment by Application
Film
Adhesive and Coating
Molding Plastics
Foaming Materials
Other Applications
The Ethylene Vinyl Acetate Resin market is analysed and market size information is provided by regions (countries). Segment by Application, the Ethylene Vinyl Acetate Resin market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
DuPont
ExxonMobil
FPC
Hanwha Total
Sinopec Beijing Yanshan
Sipchem
BASF-YPC
Braskem
Westlake
TPI Polene
LG Chem
Celanese
Arkema
Repsol
LyondellBasell
Sumitomo Chem
Levima/Haoda Chem
Lotte Chem
Total
Tosoh
Versalis/Eni
Ube
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Table of content
1 Ethylene Vinyl Acetate Resin Market Overview
1.1 Ethylene Vinyl Acetate Resin Product Scope
1.2 Ethylene Vinyl Acetate Resin Segment by Type
1.2.1 Global Ethylene Vinyl Acetate Resin Sales by Type (2016 & 2021 & 2027)
1.2.2 Tubular EVA
1.2.3 Autoclave EVA
1.3 Ethylene Vinyl Acetate Resin Segment by Application
1.3.1 Global Ethylene Vinyl Acetate Resin Sales Comparison by Application (2016 & 2021 & 2027)
1.3.2 Film
1.3.3 Adhesive and Coating
1.3.4 Molding Plastics
1.3.5 Foaming Materials
1.3.6 Other Applications
1.4 Ethylene Vinyl Acetate Resin Market Estimates and Forecasts (2016-2027)
1.4.1 Global Ethylene Vinyl Acetate Resin Market Size in Value Growth Rate (2016-2027)
1.4.2 Global Ethylene Vinyl Acetate Resin Market Size in Volume Growth Rate (2016-2027)
1.4.3 Global Ethylene Vinyl Acetate Resin Price Trends (2016-2027)
2 Ethylene Vinyl Acetate Resin Estimates and Forecasts by Region
2.1 Global Ethylene Vinyl Acetate Resin Market Size by Region: 2016 VS 2021 VS 2027
2.2 Global Ethylene Vinyl Acetate Resin Retrospective Market Scenario by Region (2016-2021)
2.2.1 Global Ethylene Vinyl Acetate Resin Sales Market Share by Region (2016-2021)
2.2.2 Global Ethylene Vinyl Acetate Resin Revenue Market Share by Region (2016-2021)
2.3 Global Ethylene Vinyl Acetate Resin Market Estimates and Forecasts by Region (2022-202
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EVA Resins & Films Market is likely to attain revenue of US$ 7 Bn by 2028
EVA Resins & Films Market: Introduction
In terms of value, the global EVA resins & films market is anticipated to expand at a CAGR of 4.5% from 2020 to 2028. Ethylene and vinyl acetate are used in the manufacture of ethylene-vinyl acetate (EVA) resins. EVA resins & films are employed in the manufacture of foams, packaging films, solar cell encapsulation, wires & cables, and hot melt adhesives. EVA with low melt index offers superior viscosity, high strength, and relative bonding and melting strength as compared to its melt index counterparts. EVA resins are primarily employed in the paper and packaging industry, owing to their superior properties such as low sealing temperature and enhanced flexibility. Furthermore, EVA resins are utilized in photovoltaic panels that are used in solar energy generation.
Increase in Adoption of Foam-based Products to Boost EVA Resins & Films Market
EVA resins & films offer various advantages such as low seal initiation temperature for fast packaging speeds, low shrink temperature, greater adhesion than polyethylene (PE) to a variety of substrates/layers, including polyolefins, PVS, PS, and PET, enhanced flexibility, increased impact strength, improved puncture resistance, excellent flex crack resistance, excellent flow and caulking in seal area, and good bondage to PVDC in co-extrusion processes. These are the key factors expected to drive the global EVA resins & films market.
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EVA-based foam has a fine uniform cell structure that allows it to be processed akin to other thermoplastics. It retains its resilience and flexibility, quickly recovers from compressions, as well as absorbs colors. The foam is formed in a mold that becomes a sheet of a closed cell foam. EVA resins & films are used in various applications, including buildings, automotive, marine, healthcare, packaging, electronics, sports, recreation, leisure, and footwear. This is another major factor expected to drive the global EVA resins & films market during the forecast period.
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Rise in disposable income of consumers, growth of population, increase in government initiatives for industrial development, and collaborations with foreign investors are some of the key factors boosting the demand for EVA resins & films.
Foams to be Leading Application of EVA Resins
In terms of application, the foams segment is projected to expand at a CAGR of more than 5% during the forecast period. This can be ascribed to the increase in usage of foams in exercise and floor mats, sports equipment, kickboards, crafts, life jackets, and flip-flops, among others. Hot melt adhesives was also a vital segment of the global EVA resins market in 2019. This can be ascribed to various advantages offered by hot melt adhesives such as high production speeds, wide range of adhesion to different materials, elastic bond lines, and water-free bonding.
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Solar Cell Encapsulation to be Dominant Application
Based on application, the global EVA films market has been segregated into solar cell encapsulation, glass lamination, cosmetics, agriculture, and others (including machinery covers). In terms of consumption, solar cell encapsulation was the leading segment of the global EVA films market in 2019. This trend is expected to continue in the near future. This can be ascribed to rise in demand for generation of energy through solar panels. Utilization of solar panels is also increasing in the automotive industry, owing to the advent of solar-powered cars. This is likely to boost the solar panel coatings market, thereby propelling the EVA films market during the forecast period.
Asia Pacific to be Lucrative Region of EVA Resins & Films Market
In terms of consumption, Asia Pacific dominated the global EVA resins & films market in 2019. The EVA resins & films market in the region is projected to expand at a rapid pace from 2020 to 2028. China and India are estimated to be among the leading consumers of EVA resins & films and their derivatives across the world during the forecast period. In terms of consumption, Asia Pacific accounts for more than 50% share of the global EVA resins & films market. China, India, and ASEAN are anticipated to be highly attractive markets for EVA resins & films in Asia Pacific from 2020 to 2028.
North America is also considered a high potential region of the global EVA resins & films market, led by the rise in demand for EVA resins & films in the U.S. and Canada. This trend is anticipated to continue during the forecast period owing to the increase in upcoming projects in the solar energy industry in the U.S. Energy industry is a major end user of solar panel coatings, led by the rise in usage of renewable sources of energy. Additionally, utilization of solar panels has been increasing in the automotive sector. This is projected to augment the EVA resins & films market in North America in the near future.
Competition Landscape of EVA Films & Resins Market
The global EVA resins & films market is highly fragmented. Leading players such as Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Hanwha Group, The Dow Chemical Company, Arkema S.A., Braskem, and 3M cumulatively held more than 40% share of the global EVA resins & films market in 2019.
Key manufacturers operating in the global EVA resins & films market include LG Chem Ltd., Celanese Corporation, LOTTE ALUMINIUM, SANVIC INC., SKC, International Polymers Company (IPC), Folienwerk Wolfen GmbH, Dr. Dietrich Mueller UK Limited, Lucent CleanEnergy, Changzhou Bbetter Film Technologies Co., Ltd., Zhejiang Sinopont Technology Co., Ltd., Jinheung Industrial Co., Ltd., Mitsui Chemicals Tohcello, Inc., and Interlayer
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Ethylene Vinyl Acetate (Eva) Resin Industry 2020 Global Market Growth, Size, Share, Demand, Trends and Forecasts to 2026
The global report on Ethylene Vinyl Acetate (Eva) Resin market presents, through a comprehensive analysis, the newly published research study that provides key industry insights and a competitive advantage for multiple stakeholders. Ethylene Vinyl Acetate (Eva) Resin report shows existing business research, future as well as emerging prospects, sales growth, potential investment, market size, pricing and profitability.
Major Players Covered in this Report are:
Tosoh, FPC, Braskem, LG Chem, Versalis, TPI Polene, Celanese, Samsung-Total, Sinopec Beijing, DuPont, BASF-YPC, Total, Hanwha Chem, USI, Lotte Chem, Lyondell Basell, Huamei Polymer, Westlake, Dow, Arkema, Exxon Mobil, Sumitomo Chem, Ube, NUC
"Final Ethylene Vinyl Acetate (Eva) Resin Report will add the analysis of the impact of COVID-19 on this industry."
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The research on the Global Ethylene Vinyl Acetate (Eva) Resin market 2020 offers a basic overview of the industry including concepts, classifications, applications and the structure of the supply chain. The Global Ethylene Vinyl Acetate (Eva) Resin Market Report is given for global markets as well as trends in growth, competitive landscape analysis and the development status of key regions. Ethylene Vinyl Acetate (Eva) Resin industry Development policies and plans will be discussed as well as processes of manufacturing and cost structures will also be analysed. In addition, Ethylene Vinyl Acetate (Eva) Resin report includes import/export usage, supply and demand Statistics, expense, price, revenue and gross margins.
Ethylene Vinyl Acetate (Eva) Resin Market Classification by Types:
Very Low EVA(1 - 7%)
Low EVA(7 - 17%)
Mid EVA(17 - 25%)
High EVA(25 - 35%)
High EVA(36 - 45%)
Ethylene Vinyl Acetate (Eva) Resin Market Size by Application:
Film
Injection & Foaming
Wire & Cable
Solar film
Hot melt
Others
Geographically, the detailed analysis of consumption, revenue, Ethylene Vinyl Acetate (Eva) Resin market share and growth rate, historic and forecast (2015-2026) of the following regions are covered:
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, Russia, Others)
Asia-Pacific (China, Australia, South Korea, Japan, India, Southeast Asia, Others)
Middle East and Africa (UAE, Saudi Arabia, Egypt, South Africa, Nigeria, Others)
South America (Brazil, Argentina, Columbia, Chile, Others)
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The Global Ethylene Vinyl Acetate (Eva) Resin Market Report establish a range of primary and secondary research techniques to collect both quantitative and qualitative data on global and regional heads. Using different Ethylene Vinyl Acetate (Eva) Resin industry-best analytical techniques, the overwhelming quantity of business data thus obtained is filtered and narrowed down to the Ethylene Vinyl Acetate (Eva) Resin information that matter most to businesses operating in the sector or planning to enter.
The Ethylene Vinyl Acetate (Eva) Resin study projects practicability analysis, SWOT analysis, and various other information about the leading companies operating in the Global Ethylene Vinyl Acetate (Eva) Resin Market provide a detailed systematic account of the competitive environment of the industry with the aid of thorough company profiles. However, Ethylene Vinyl Acetate (Eva) Resin research examines the impact of current market success and future growth prospects for the industry.
In this study, the years considered to estimate the market size of Ethylene Vinyl Acetate (Eva) Resin are as follows:
History Year 2015-2019 Base Year 2020 Estimated Year 2020 Forecast Year 2020-2026
Ethylene Vinyl Acetate (Eva) Resin research provides answers to the following key questions:
What is the expected growth rate of the Ethylene Vinyl Acetate (Eva) Resin market?
What will be the Ethylene Vinyl Acetate (Eva) Resin market size for the forecast period, 2020 – 2026?
What are the main driving forces responsible for changing the Ethylene Vinyl Acetate (Eva) Resin industry's trajectory?
Who are the big suppliers that dominate the Ethylene Vinyl Acetate (Eva) Resin industry across different regions? Which are their wins to stay ahead in the competition?
What are the Ethylene Vinyl Acetate (Eva) Resin market trends business owners can rely upon in the coming years?
What are the threats and challenges expected to restrict the progress of the Ethylene Vinyl Acetate (Eva) Resin industry across different countries?
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According to study, “Greenhouse Films Market Research Report: by Resin Type (LDPE, LLDPE, HDPE, PVC, PC, EVA, EBA), by Thickness (<200 Microns, 200 Microns, >200 Microns), by Application (Vegetables, Fruits, Flowers & Ornamentals, Others), and Region - Forecast to 2023” the key companies operating in the greenhouse films market are Ginegar Plastic Products Ltd., Agriplast Tech India Pvt. Ltd., Lumite Inc., Central Worldwide Co. Ltd., Agriplast, RPC Group plc. The key players offer customized plastic film according to distinctive light & temperature requirements of many field-grown fruits or vegetables. The players are also introducing innovative products in the market to provide to the growth in demand for consumers. Global players are entering new markets in developing regions to strengthen market presence, increase their customer base, and boost their market share in the global greenhouse film industry.
Greenhouse or shade-house film is an artificial or synthetic enclosures, created using transparent or translucent plastic film. It is used to cover the frame of crops which is cultivated in the greenhouse. It provides protection of crops from adverse weather conditions and appropriate farming conditions. It also protects from the weather condition for instance heavy rain, fluctuating temperature, strong wind,and snow.
Based on resin type, greenhouse films market is segmented in to Low density polyethylene (LDPE),Ethylene vinyl acetate (EVA), polyvinyl chloride (PVC), high-density polyethylene (HDPE), Ethylene butyl acrylate (EBA), Linear low density polyethylene (LLDPE) and others. Based on thickness, market is segmented into80<200 microns, 200 microns and>200 microns. Based on width, market is segmented into4.5 meter, 5.5 meter, 7 meter, 9 meter and others. In addition, based on application, market is segmented into flowers & ornamental, vegetables, and fruits.
The greenhouse films market is driven by increase in demand for greenhouse cultivated crops, followed by rise in demand for greenhouse cultivation in Asia-pacific,growth in need for controlled farming, rise in technological advancements,increase in applications of greenhouse films in plant-nurseries, growth in need to improve agricultural productivity, rise in government initiatives to improve the agricultural yield and low cost per square meter.However,susceptible to rips, tears, & puncture and low awareness of greenhouse films may impact the market. Moreover,rise in advancement in technology and increase in shift towards greenhouse cultivation are key opportunities for market. Moreover, growth in emphasis on 200 micron UV stabilized poly film is a major trend for market.
Based on geography, the North-American region holds major share, followed by European region in greenhouse films market owing to rise in investments by government organizations on agricultural schemes, increase in demand for organic food products and growth in urbanization in the region. The Asian-Pacific region is expected to witness lucrative growth owing to growth in demand for high quality food and increase in global population in the region. It is estimated that the market will be reached at fast pace on account of growth in Ultra-Violet (UV) protective & pressure-stabilized greenhouse films, which provide better protection for the plants being grown in the greenhouse. The global greenhouse films market is projected to reach US $6,408.2 million by 2023 at a CAGR of 8.25% from 2018 to 2023.
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Greenhouse Films Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)
Global Greenhouse Films Market Analysis 2013-2018 and Forecast 2019-2024
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Extrusion Coatings Market By Top Manufacturers, Product Types, Applications And Forecast To 2026
A recent study on the Extrusion Coatings Market closely examines the performance of the major market vendors operating in the Extrusion Coatings Market for the forecast period 2019 to 2026. When studying the prominent manufacturers dominating the industry the research takes a closer look at there weaknesses and strengths too. A thorough discussion on winning strategies that has enabled business owners to stay ahead in the competition forms an important part of this market intelligence report.
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Scope of the Report
Besides, the report dives deep into various factors including import and export status, distribution channel, supply chain management, demand and supply and gross margin to help business owners, stakeholders and field market executives get a competitive edge. The important information associated with the product sales, growing investment pockets, total revenue generated and profit worldwide is presented through resources such charts, tables and info graphics.
Besides, the report dives deep into various factors including import and export status, distribution channel, supply chain management, demand and supply and gross margin to help business owners, stakeholders and field market executives get a competitive edge. The important information associated with the product sales, growing investment pockets, total revenue generated and profit worldwide is presented through resources such charts, tables and info graphics.
In market segmentation by manufacturers, the report covers the following companies-
Akzo Nobel N.V., The Sherwin Williams Company, PPG Industries, DowDupont, Dura Coat Products Inc., The Lubrizol Corporation, Davis-Standard LLC Qenos Pty Ltd., Optimum Plastics, Transcendia, Borealis AG, Chevron Phillips Chemical Company, Westlake Chemical Corporation, LyondellBasell Industries Holdings B.V., Celanese Corporation and SABIC, among others.
Segments Covered In the Report
For the purpose of this report, Reports and Data have segmented global extrusion coatings Market on the basis of resin type, process, substrate, application, and region:
Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
Low Density Polyethylene (LDPE)
High Density Polyethylene (HDPE)
Ethylene Vinyl Acetate (EVA)
Ethylene Butyl Acrylate (EBA)
Polypropylene
Polyethylene Terephthalate
Process Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
The Extruder
The Die
The Air Gap
Nip Assembly and Chill Roll
Edge Trimming
Reeling and Wind-up Equipment
Coextrusion
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Substrate Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
Paper & Paperboard
Polymer Film
Aluminum Foil
Others
Applications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
Liquid Packaging
Flexible Packaging
Photographic Film
Transport Packaging
Mills and Industrial Wrapping
Sack Lining
Pharmaceutical packaging
Personal Care & Cosmetic Packaging
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
• North America
1. U.S.
• Europe
2. Germany
3. UK
• Asia Pacific
1. China
2. India
3. South-east Asia
• Latin America
1. Brazil
• MEA
The research provides answers to the following key questions:
· What will be the market size of the Extrusion Coatings industry for the forecast period 2019 to 2026? What will be the growth rate during this period?
· What are the prominent driving forces anticipated to impact the progress of the Extrusion Coatings industry worldwide?
· Who are the major market players and what strategies have kept the prospects of these vendors high among other players operating in the Extrusion Coatings industry?
· What type of threats can restrict the development of the market across different countries?
· What kind of opportunities are the major vendors relying upon to stay ahead in the competition against other players?
· What type of market trends are expected to steer the progress of the Extrusion Coatings Market worldwide?
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#Extrusion Coatings Market#Extrusion Coatings Market Trends#Extrusion Coatings Market Forecast#Extrusion Coatings Market Size#Extrusion Coatings Market Price#Extrusion Coatings Market Value#Extrusion Coatings Market Demand#Low Density Polyethylene (LDPE)#High Density Polyethylene (HDPE)#Ethylene Vinyl Acetate (EVA)#Ethylene Butyl Acrylate (EBA)#Polypropylene#Polyethylene Terephthalate
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Solar Encapsulation Materials Market Growth Rate, Demands and Market Share By Application to 2025
February 8, 2019: Global solar encapsulation materials market is expected to grow at a significant CAGR in the upcoming years. Sustainable and renewable energy market is expected to witness high growth owing to exhausting conventional sources, coupled with environmental concerns and increasing cost of production. The growing electricity demand across the globe is expected to be the major driving factor for the global market over the forecast period. The other major contributor fueling the growth of the solar encapsulation market is. Increasing awareness leading to more investment in modern infrastructure is anticipated to make it an important for manufacturing PV technology. This method refers to the process of safeguarding the expensive solar panels and equipment’s that are vulnerable to various environmental and physical threats.
Solar Encapsulation is carried out between the glass cover of outer part of solar panel and solar cell located inside the panel. This process is usually done to extend the life of PV panels. Materials used in this process consist several properties including flame retardant, and corrosion resistant. High energy and material resources and required to compile the entire process. Automotive and construction industries are also expected to adopt this process. The construction industry is expected to be the largest consumers of this segment. The growth of this industry is expected to encourage companies to invest in Research and development activities that involve solar encapsulation technology.
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On the basis of technology, encapsulants have been segmented into polycrystalline silicon solar, monocrystalline and thin film solar technology. Monocrystalline technology is the largest segment and is used widely in many applications including residential, corporate, and industries. These panels have the highest efficiency rate owing to the presence of highest grade silicon material.Based on the material used in encapsulation process, the global solar encapsulation materials market can be segmented into Polyvinyl Butyral (PVB), Ethylene Vinyl Acetate (EVA), Ionomers and Polydimethylsiloxane (PDMS). Polyvinyl butyral is expected to dominate the global market owing to its adhesive properties This material is a resin mostly used in applications which need optical clarity, strong binding, adhesion to many surfaces, flexibility, and toughness.
A major constraint in the growth of this sector is the expensive solar equipment’s and solar panels. The major focus of solar encapsulation manufacturers is on R & D to develop new encapsulants for emerging PV technologies. Asia pacific is expected to be the key region in the market Rapid development, high investments in the market coupled with mergers and acquisitions are expected to be the driving factors for the market growth in this region.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, , revenue (million USD), market share and growth rate of Solar Encapsulation Materials in these regions, from 2013 to 2025 (forecast), covering
North America
Europe
China
Japan
Southeast Asia
India
Global Solar Encapsulation Materials market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
First
Sveck
STR
MITSUI
Bridgestone
TPI All Seasons
Akcome
Hiuv
Changzhou Bbetterfilm
JGP Energy
Table of Contents
1 Solar Encapsulation Materials Market Overview
2 Global Solar Encapsulation Materials Market Competition by Manufacturers
3 Global Solar Encapsulation Materials Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Solar Encapsulation Materials Supply (Production), , Export, Import by Region (2013-2018)
5 Global Solar Encapsulation Materials Production, Revenue (Value), Price Trend by Type
6 Global Solar Encapsulation Materials Market Analysis by Application
7 Global Solar Encapsulation Materials Manufacturers Profiles/Analysis
8 Solar Encapsulation Materials Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Solar Encapsulation Materials Market Forecast (2018-2025)
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#Solar Encapsulation Materials Market Size Solar Encapsulation Materials Market Share Solar Encapsulation Materials Market Trend Solar Enc#solar encapsulation materials market
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Ethylene Vinyl Acetate Resins Market Key Development the COVID-19
The global ethylene vinyl acetate (EVA) resin market was valued at $7,442.9 million in 2018, and is projected to reach $12,143.2 million by 2026, growing at a CAGR of 6.3% from 2019 to 2026.
Ethylene vinyl acetate (EVA) resins are manufactured using ethylene and vinyl acetate. They are used in production of packaging film, foam, wire & cable, solar cell encapsulation, and hot melt adhesives, and are composed of 18–40% vinyl acetate. EVA with low melt index (MI) offers high strength, superior viscosity, and hot tack (relative melting and bonding strength) as compared to its high melt index counterparts. EVA resins are widely used in the packaging and paper industries, owing to their properties such as enhanced flexibility and low sealing temperature. In addition, they are used in photovoltaic panels, which are used in solar energy generation.
Rapid industrialization and increase in disposable income of individuals across the emerging economies, such as India and China, are the key factors that have fueled the demand for automobiles. This in turn has boosted the demand for EVA resins, as they are widely applicable in the manufacturing of automobile bumpers and molded parts. Rise in production of lightweight vehicles due to their higher fuel efficiency and increase in demand for electric vehicles owing to implementation of stringent government environmental regulations toward vehicle pollution & fuel efficiency further contribute toward the growth of this market. In addition, development of the packaging film industry across the developing countries, such as India, China, Taiwan, Philippines, is expected to drive the growth of the market.
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This is attributed to the fact that EVA resins find their application in the packaging industry, owing to their properties such as superior shock resistance, flexibility, and lower melting points.
However, factors such as availability of inexpensive substitutes and issues related usage of EVA in photovoltaic packaging are expected to hinder the growth of this market. On the contrary, introduction of bio-based ethylene vinyl acetate materials is anticipated to provide lucrative opportunities for market expansion.
The global EVA resin market is segmented based on type, application, end user, and region. Depending on type, the market is classified into polypropylene (PP) vinyl acetate-modified polyethylene (low VA density), polyethylene (PE) thermoplastic ethylene vinyl acetate (medium VA density), and ethylene vinyl acetate rubber (high VA density).
The applications covered in the study film, foam, hot melt adhesives, wire & cable, extrusion coating, solar cell encapsulation, and others. On the basis of end user, the market is classified into automotive; packaging & paper; paints, coatings, & adhesives; electronics & electrical; pharmaceutical; footwear; photovoltaic panels; and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, and rest of Asia-Pacific), and LAMEA (Saudi Arabia, UAE, Qatar, rest of Middle East, Brazil, South Africa, and rest of LAMEA).
The major key players operating in the ethylene vinyl acetate resin industry include Arkema S.A., Braskem S.A., Celanese Corporation, DOW Inc., Exxon Mobil Corporation, Formosa Plastics Corporation, Hanwha Chemical Co, Ltd., Lyondell Basell Industries N.V., Sinopec Corporation, and Lotte Chemical Corporation.
KEY BENEFITS FOR STAKEHOLDERS
• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current trends and future scenario of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
• Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
• The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
• By Type
o Vinyl Acetate-modified Polyethylene (Low VA Density)
o Thermoplastic Ethylene Vinyl Acetate (Medium VA Density)
o Ethylene Vinyl Acetate Rubber (High VA Density)
• By Application
o Film
o Foam
o Hot Melt Adhesives
o Wire and Cable
o Extrusion Casting
o Solar Cell Encapsulation
o Others
• By End User
o Automotive
o Packaging and Paper
o Paints, Coatings, & Adhesives
o Electronics & Electrical
o Pharmaceutical
o Footwear
o Photovoltaic Panels
o Others
• By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o Spain
o Italy
o UK
o Russia
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific
• LAMEA
o Saudi Arabia
o UAE
o Qatar
o Rest of Middle East
o Brazil
o South Africa
o Rest of LAMEA
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Ethylene-vinyl acetate (EVA) copolymer resin can be defined as the copolymer derived from ethylene and vinyl acetate. This is also known as poly ethylene-vinyl acetate (PEVA). The global market for EVA copolymer resins finds significant application in the foam, packaging film, wire & cable, solar cell encapsulation, and hot melt adhesives. The manufacturing of these products finds almost 18-4-% of vinyl acetate in the formation. The EVA copolymer resin is gaining market strength due to its low melt index (MI) better endurance, and high viscosity compared to high melt index counterparts. EVA copolymer resins are known for their extensive use in packaging and paper industries. Its flexibility and low sealing temperature are expected to provide the global EVA copolymer resin market better growth in the coming years.
The global market for EVA copolymer resin can find significant growth with the hike in its application in the making of photovoltaic panels, which are getting strong traction due to a surge in renewable energy intake from solar energy generation.
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EVA resins & films Foreseen to Grow Exponentially by 2028
EVA Resins & Films Market: Introduction
In terms of value, the global EVA resins & films market is anticipated to expand at a CAGR of 4.5% from 2020 to 2028. Ethylene and vinyl acetate are used in the manufacture of ethylene-vinyl acetate (EVA) resins. EVA resins & films are employed in the manufacture of foams, packaging films, solar cell encapsulation, wires & cables, and hot melt adhesives. EVA with low melt index offers superior viscosity, high strength, and relative bonding and melting strength as compared to its melt index counterparts. EVA resins are primarily employed in the paper and packaging industry, owing to their superior properties such as low sealing temperature and enhanced flexibility. Furthermore, EVA resins are utilized in photovoltaic panels that are used in solar energy generation.
Increase in Adoption of Foam-based Products to Boost EVA Resins & Films Market
EVA resins & films offer various advantages such as low seal initiation temperature for fast packaging speeds, low shrink temperature, greater adhesion than polyethylene (PE) to a variety of substrates/layers, including polyolefins, PVS, PS, and PET, enhanced flexibility, increased impact strength, improved puncture resistance, excellent flex crack resistance, excellent flow and caulking in seal area, and good bondage to PVDC in co-extrusion processes. These are the key factors expected to drive the global EVA resins & films market.
EVA-based foam has a fine uniform cell structure that allows it to be processed akin to other thermoplastics. It retains its resilience and flexibility, quickly recovers from compressions, as well as absorbs colors. The foam is formed in a mold that becomes a sheet of a closed cell foam. EVA resins & films are used in various applications, including buildings, automotive, marine, healthcare, packaging, electronics, sports, recreation, leisure, and footwear. This is another major factor expected to drive the global EVA resins & films market during the forecast period.
Rise in disposable income of consumers, growth of population, increase in government initiatives for industrial development, and collaborations with foreign investors are some of the key factors boosting the demand for EVA resins & films.
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Foams to be Leading Application of EVA Resins
In terms of application, the foams segment is projected to expand at a CAGR of more than 5% during the forecast period. This can be ascribed to the increase in usage of foams in exercise and floor mats, sports equipment, kickboards, crafts, life jackets, and flip-flops, among others. Hot melt adhesives was also a vital segment of the global EVA resins market in 2019. This can be ascribed to various advantages offered by hot melt adhesives such as high production speeds, wide range of adhesion to different materials, elastic bond lines, and water-free bonding.
Solar Cell Encapsulation to be Dominant Application
Based on application, the global EVA films market has been segregated into solar cell encapsulation, glass lamination, cosmetics, agriculture, and others (including machinery covers). In terms of consumption, solar cell encapsulation was the leading segment of the global EVA films market in 2019. This trend is expected to continue in the near future. This can be ascribed to rise in demand for generation of energy through solar panels. Utilization of solar panels is also increasing in the automotive industry, owing to the advent of solar-powered cars. This is likely to boost the solar panel coatings market, thereby propelling the EVA films market during the forecast period.
Asia Pacific to be Lucrative Region of EVA Resins & Films Market
In terms of consumption, Asia Pacific dominated the global EVA resins & films market in 2019. The EVA resins & films market in the region is projected to expand at a rapid pace from 2020 to 2028. China and India are estimated to be among the leading consumers of EVA resins & films and their derivatives across the world during the forecast period. In terms of consumption, Asia Pacific accounts for more than 50% share of the global EVA resins & films market. China, India, and ASEAN are anticipated to be highly attractive markets for EVA resins & films in Asia Pacific from 2020 to 2028. North America is also considered a high potential region of the global EVA resins & films market, led by the rise in demand for EVA resins & films in the U.S. and Canada. This trend is anticipated to continue during the forecast period owing to the increase in upcoming projects in the solar energy industry in the U.S. Energy industry is a major end user of solar panel coatings, led by the rise in usage of renewable sources of energy. Additionally, utilization of solar panels has been increasing in the automotive sector. This is projected to augment the EVA resins & films market in North America in the near future.
Competition Landscape of EVA Films & Resins Market
The global EVA resins & films market is highly fragmented. Leading players such as Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Hanwha Group, The Dow Chemical Company, Arkema S.A., Braskem, and 3M cumulatively held more than 40% share of the global EVA resins & films market in 2019.
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EVA Resins & Films Market is likely to attain revenue of US$ 7 Bn by 2028
EVA Resins & Films Market: Introduction
In terms of value, the global EVA resins & films market is anticipated to expand at a CAGR of 4.5% from 2020 to 2028. Ethylene and vinyl acetate are used in the manufacture of ethylene-vinyl acetate (EVA) resins. EVA resins & films are employed in the manufacture of foams, packaging films, solar cell encapsulation, wires & cables, and hot melt adhesives. EVA with low melt index offers superior viscosity, high strength, and relative bonding and melting strength as compared to its melt index counterparts. EVA resins are primarily employed in the paper and packaging industry, owing to their superior properties such as low sealing temperature and enhanced flexibility. Furthermore, EVA resins are utilized in photovoltaic panels that are used in solar energy generation.
Increase in Adoption of Foam-based Products to Boost EVA Resins & Films Market
EVA resins & films offer various advantages such as low seal initiation temperature for fast packaging speeds, low shrink temperature, greater adhesion than polyethylene (PE) to a variety of substrates/layers, including polyolefins, PVS, PS, and PET, enhanced flexibility, increased impact strength, improved puncture resistance, excellent flex crack resistance, excellent flow and caulking in seal area, and good bondage to PVDC in co-extrusion processes. These are the key factors expected to drive the global EVA resins & films market.
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EVA-based foam has a fine uniform cell structure that allows it to be processed akin to other thermoplastics. It retains its resilience and flexibility, quickly recovers from compressions, as well as absorbs colors. The foam is formed in a mold that becomes a sheet of a closed cell foam. EVA resins & films are used in various applications, including buildings, automotive, marine, healthcare, packaging, electronics, sports, recreation, leisure, and footwear. This is another major factor expected to drive the global EVA resins & films market during the forecast period.
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Rise in disposable income of consumers, growth of population, increase in government initiatives for industrial development, and collaborations with foreign investors are some of the key factors boosting the demand for EVA resins & films.
Foams to be Leading Application of EVA Resins
In terms of application, the foams segment is projected to expand at a CAGR of more than 5% during the forecast period. This can be ascribed to the increase in usage of foams in exercise and floor mats, sports equipment, kickboards, crafts, life jackets, and flip-flops, among others. Hot melt adhesives was also a vital segment of the global EVA resins market in 2019. This can be ascribed to various advantages offered by hot melt adhesives such as high production speeds, wide range of adhesion to different materials, elastic bond lines, and water-free bonding.
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Solar Cell Encapsulation to be Dominant Application
Based on application, the global EVA films market has been segregated into solar cell encapsulation, glass lamination, cosmetics, agriculture, and others (including machinery covers). In terms of consumption, solar cell encapsulation was the leading segment of the global EVA films market in 2019. This trend is expected to continue in the near future. This can be ascribed to rise in demand for generation of energy through solar panels. Utilization of solar panels is also increasing in the automotive industry, owing to the advent of solar-powered cars. This is likely to boost the solar panel coatings market, thereby propelling the EVA films market during the forecast period.
Asia Pacific to be Lucrative Region of EVA Resins & Films Market
In terms of consumption, Asia Pacific dominated the global EVA resins & films market in 2019. The EVA resins & films market in the region is projected to expand at a rapid pace from 2020 to 2028. China and India are estimated to be among the leading consumers of EVA resins & films and their derivatives across the world during the forecast period. In terms of consumption, Asia Pacific accounts for more than 50% share of the global EVA resins & films market. China, India, and ASEAN are anticipated to be highly attractive markets for EVA resins & films in Asia Pacific from 2020 to 2028.
North America is also considered a high potential region of the global EVA resins & films market, led by the rise in demand for EVA resins & films in the U.S. and Canada. This trend is anticipated to continue during the forecast period owing to the increase in upcoming projects in the solar energy industry in the U.S. Energy industry is a major end user of solar panel coatings, led by the rise in usage of renewable sources of energy. Additionally, utilization of solar panels has been increasing in the automotive sector. This is projected to augment the EVA resins & films market in North America in the near future.
Competition Landscape of EVA Films & Resins Market
The global EVA resins & films market is highly fragmented. Leading players such as Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Hanwha Group, The Dow Chemical Company, Arkema S.A., Braskem, and 3M cumulatively held more than 40% share of the global EVA resins & films market in 2019.
Key manufacturers operating in the global EVA resins & films market include LG Chem Ltd., Celanese Corporation, LOTTE ALUMINIUM, SANVIC INC., SKC, International Polymers Company (IPC), Folienwerk Wolfen GmbH, Dr. Dietrich Mueller UK Limited, Lucent CleanEnergy, Changzhou Bbetter Film Technologies Co., Ltd., Zhejiang Sinopont Technology Co., Ltd., Jinheung Industrial Co., Ltd., Mitsui Chemicals Tohcello, Inc., and Interlayer
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