EVA Resins & EVA Films Market, 2028- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Application (Solar Cell Encapsulation, Thin-Film Solar Cells, Crystalline Solar Cells, Glass Lamination, Cosmetics, Agriculture, Others), By Type (Vinyl Acetate-modified Polyethylene (Low VA Density), Thermoplastic Ethylene Vinyl Acetate (Medium VA Density), and Ethylene Vinyl Acetate Rubber (High VA Density), By Region, By Competition

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Summary

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Report Description

Global EVA Resins & EVA Films Market is anticipated to witness a robust CAGR in the forecast period 2024-2028. EVA resin is an elastomeric polymer that produces rubber-like materials that are known for their soft and flexible properties. It offers various advantages such as UV resistance, water resistance, stress-crack resistance, chemical resistance, and excellent processability and transparency. Ethylene vinyl acetate, or EVA, is a copolymer of ethylene and vinyl acetate. It is a highly flexible, durable thermoplastic with excellent clarity and gloss, with a low smell. Its use in film applications is particularly appealing since EVA has strong flex, crack, and puncture resistance, is relatively inert, attaches well to a variety of substrates, and can be heat-sealed.

Due to their exceptional adhesive qualities, transparency, and high thermal stability, EVA resins and films are becoming more and more common in the glass lamination sector. EVA films melt when heated and flow into the crevices between the glass panes, where they cool and solidify to form a bond. A laminated glass structure is the result, and it has excellent durability, safety, and noise reduction qualities. Extreme temperature resistance is one of the key benefits of employing EVA resins and films in glass lamination. EVA films can be used to laminate glass panes in high-temperature situations because of their melting point, which is between 80 and 110 °C. EVA films are additionally resistant to moisture, UV rays, and other environmental elements that could eventually cause harm.

Applications of EVA in lightweight and cutting-edge packaging options from the food industry are collectively driving the market. Due to its benefits, such as being lightweight and simple to open, carry, store, reseal easy transport, and less waste generation, etc., the need for flexible packaging is increasing.

Furthermore, the most typical encapsulation used in the solar industry is cross-linkable ethylene vinyl acetate (EVA). The cells are laminated between films of EVA with the aid of a lamination machine under a compressed vacuum. A high-pressure reactor is used to co-polymerize the monomers of ethylene and vinyl acetate to create thermoplastic resin ethylene-vinyl acetate. It has several benefits, including outstanding heat seal strength, great flexibility even at low temperatures, durability, and crack resistance. Moreover, it is simple to process using traditional thermoplastic methods. This technique is carried out in environments that can reach 150 °C. EVA film comes in a variety of hues in addition to clear and white and there is no plasticizer in it. The interlayer of EVA film is always placed between two sheets of glass or plastic and it has a smooth, non-stick surface.

EVA has many uses in the film industry. Often, this resin is mixed with other film resins rather than being used alone. Significant uses include wire and cable insulation, solar encapsulation, meat and dairy packaging structures, and glass lamination for improved impact resistance. However, EVA has been replaced by metallocene PE in many of these applications since it is a poor choice for food packaging applications due to its average gas and moisture barrier properties. Furthermore, metallocene PE provides quicker hot tack and improved downgauging capabilities, enabling thinner packaging and films.

Besides this, EVA films cannot be used for UV screening because they are not UV-resistant. The ethylene vinyl acetate sheets, once laminated, are crucial in keeping dust and moisture from getting inside the solar panels. The arrangement dampens shocks and vibrations, shielding the solar cells and their circuitry from harm. Also, it prolongs the life of solar cells by preventing oxygen and other gases from oxidizing the cell while it is performing its usual power-generating function.

Apart from these, favorable government policies for EVA Resins & EVA Films and technological advancement for new applications propel the EVA Resins & EVA Films market in the forecasted period. Further, the excellent characteristics of EVA resin, such as its high impact strength, low coefficient of friction, and outstanding abrasion resistance, are boosting its demand in a variety of applications. During the forecast period, the ethylene-vinyl acetate (EVA) resin market is anticipated to increase because of rising demand from end-use sectors like packaging, automotive, and construction.

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Increasing Demand from Various End-User Industries

EVA resins & EVA films have widespread usage, such as in biomedical engineering, where ethylene-vinyl acetate is extensively employed as a drug delivery system. EVA is frequently referred to as foam rubber or expanded rubber. It serves as padding for a variety of sporting goods, including ski boots, bicycle saddles, hockey pads, gloves, and helmets. Ethylene-vinyl acetate is also used in the photovoltaic industry as the material for solar cells is made of crystalline silicon. EVA is also frequently used in films, toys, athletic goods, flexible packaging, automobile bumpers, flexible hoses, footwear components, and other products. According to the Ministry of Food Processing Industries, the Indian packaging industry reached USD 32 billion in 2021. In addition, as per The Association for Packaging and Processing Technologies, the PMMI global food packaging market is anticipated to reach USD 400 billion by 2025 and will grow between a CAGR of 4% and 5%. Ethylene-vinyl acetate is also used in the food industry for a variety of food packaging applications, including barrier shrink bags, dry food and snack packaging, dairy and cheese packaging, beverage plastic closures, and packaging for seafood and meat.

Rising Demand from Solar Power Industry

EVA has a low photo degradability in sunlight and strong radiation transmission. As a result, it has many applications in solar cells, including as an encapsulating agent. When heat is applied to the assembly, a sealing and insulating layer is formed around the solar cells. EVA has several benefits, such as good light transmittance and elasticity, a low processing temperature, good fluidity, and adhesive properties. According to Saur Energy International Magazine, the importance of EVA sheets in solar modules is clearly and directly correlated with the demand for solar PV. In 2021, annual PV demand was 173 GW which boosted the demand for EVA Films and Resins. Moreover, about 80% of photovoltaic (PV) modules are encapsulated in EVA materials, and the cost of EVA is also low, which makes it very suitable as a solar cell encapsulation material.

Recent Developments

Recently, in 2023, SVECK, an EVA film supplier, announced plans to build a production plant for EVA. They will build the new factory in two phases in Yancheng, China's Jiangsu, and the plant will have a total production capacity of 420 million square meters. The first phase will have a capacity of 120 million square meters across 16 production lines, and the second phase will have a total capacity of 300 million square meters with 40 production lines.
In September 2022, Hanwha Solutions Corporation announced that it will use LyondellBasell Lupotech T high-pressure polyethylene technology to produce 300 kilotonnes of vinyl acetate copolymer EVA per year at a new site in Yeosu, South Korea.
In 2018, Braskem developed an ethylene vinyl acetate (EVA) copolymer which is derived from sugarcane which is used in footwear applications.

Market Segmentation

Global EVA Resins & EVA Films Market is segmented based on Application and Type. Based on Applications, the market is divided into Solar Cell Encapsulation, Thin-Film Solar Cells, Crystalline Solar Cells, Glass Lamination, Cosmetics, Agriculture, and Others. Based on Type, the market is divided into Vinyl Acetate-modified Polyethylene (Low VA Density), Thermoplastic Ethylene Vinyl Acetate (Medium VA Density), and Ethylene Vinyl Acetate Rubber (High VA Density).

Market players

Arkema S.A., The Dow Chemical Company, International Polymers Company, Exxon Mobil Corporation, LG Chem Ltd, The 3m company, Hanwha Solutions Corporation, LyondellBasell Industries N.V., Mitsui Chemicals Tohcello, Inc. and Zhejiang Sinopont Technology Co., Ltd. are the key players operating in the market.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in metric tons, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends
Segments covered	By Application By Type
Regional scope	North America, Europe, Asia Pacific, South America, Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE, Saudi Arabia.
Key companies profiled	Arkema S.A., The Dow Chemical Company, International Polymers Company, Exxon Mobil Corporation, LG Chem Ltd, The 3m company, Hanwha Solutions Corporation, LyondellBasell Industries N.V., Mitsui Chemicals Tohcello, Inc. and Zhejiang Sinopont Technology Co.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global EVA Resins & EVA Films Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

EVA Resins & EVA Films Market, By Application:

Solar Cell Encapsulation
Thin-Film Solar Cells
Crystalline Solar Cells
Glass Lamination
Cosmetics
Agriculture
Others

EVA Resins & EVA Films Market, By Type:

Vinyl Acetate-modified Polyethylene (Low VA Density)
Thermoplastic Ethylene Vinyl Acetate (Medium VA Density)
Ethylene Vinyl Acetate Rubber (High VA Density)

EVA Resins & EVA Films Market, By Region:

Europe

France
Germany
United Kingdom
Italy

Asia-Pacific

China
India
Japan
Australia
South Korea

North America

United States
Canada
Mexico

Middle East and Africa

Saudi Arabia
UAE
Qatar

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global EVA resins & EVA Films Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global EVA Resins & EVA Films Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Research Data

2.3.1. Secondary Data

2.3.2. Primary Data

2.4. Market Size Estimation

2.4.1. Bottom-Up Approach

2.4.2. Top-Down Approach

2.5. Market Breakdown & Triangulation

2.6. Research Assumptions

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID-19 on Global EVA Resins & EVA Films Market

5. Impact of Russia-Ukraine War on Global EVA Resins & EVA Films Market

6. Global EVA Resins & EVA Films Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Application (Solar Cell Encapsulation, Thin-Film Solar Cells, Crystalline Solar Cells, Glass Lamination, Cosmetics, Agriculture, Others)

6.2.2. By Type ((Vinyl Acetate-modified Polyethylene (Low VA Density), Thermoplastic Ethylene Vinyl Acetate (Medium VA Density), and Ethylene Vinyl Acetate Rubber (High VA Density))

6.2.3. By Company (2021)

6.3. Market Map

6.3.1. By Application

6.3.2. By Type

6.3.3. By Region

6.4. Pricing Analysis

7. Europe EVA Resins & EVA Films Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Application (Solar Cell Encapsulation, Thin-Film Solar Cells, Crystalline Solar Cells, Glass Lamination, Cosmetics, Agriculture, Others)

7.2.2. By Type

7.2.3. By Region

7.3. Europe: Country Analysis

7.3.1. France EVA Resins & EVA Films Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Application

7.3.1.2.2. By Type

7.3.2. Germany EVA Resins & EVA Films Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Application

7.3.2.2.2. By Type

7.3.3. United Kingdom EVA Resins & EVA Films Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Application

7.3.3.2.2. By Type

7.3.4. Italy EVA Resins & EVA Films Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Application

7.3.4.2.2. By Type

8. Asia-Pacific EVA Resins & EVA Films Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Application

8.2.2. By Type

8.3. Asia-Pacific: Country Analysis

8.3.1. China EVA Resins & EVA Films Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Application

8.3.1.2.2. By Type

8.3.2. India EVA Resins & EVA Films Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Application

8.3.2.2.2. By Type

8.3.3. Japan EVA Resins & EVA Films Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Application

8.3.3.2.2. By Type

8.3.4. South Korea EVA Resins & EVA Films Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value & Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Application

8.3.4.2.2. By Type

8.3.5. Australia EVA Resins & EVA Films Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value & Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Application

8.3.5.2.2. By Type

9. North America EVA Resins & EVA Films Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Application (Solar Cell Encapsulation, Thin-Film Solar Cells, Crystalline Solar Cells, Glass Lamination, Cosmetics, Agriculture, Others)

9.2.2. By Type

9.2.3. By Region

9.3. North America: Country Analysis

9.3.1. United States EVA Resins & EVA Films Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Application

9.3.1.2.2. By Type

9.3.2. Canada EVA Resins & EVA Films Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Application

9.3.2.2.2. By Type

9.3.3. Mexico EVA Resins & EVA Films Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Application

9.3.3.2.2. By Type

10. Middle East and Africa EVA Resins & EVA Films Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Application (Solar Cell Encapsulation, Thin-Film Solar Cells, Crystalline Solar Cells, Glass Lamination, Cosmetics, Agriculture, Others)

10.2.2. By Type

10.2.3. By Region

10.3. MEA: Country Analysis

10.3.1. Saudi Arabia EVA Resins & EVA Films Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Application

10.3.1.2.2. By Type

10.3.2. UAE EVA Resins & EVA Films Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Application

10.3.2.2.2. By Type

10.3.3. Qatar EVA Resins & EVA Films Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Application

10.3.3.2.2. By Type

11. South America EVA Resins & EVA Films Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Application (Solar Cell Encapsulation, Thin-Film Solar Cells, Crystalline Solar Cells, Glass Lamination, Cosmetics, Agriculture, Others)

11.2.2. By Type

11.2.3. By Region

11.3. MEA: Country Analysis

11.3.1. Brazil EVA Resins & EVA Films Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value & Volume

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Application

11.3.1.2.2. By Type

11.3.2. Colombia EVA Resins & EVA Films Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value & Volume

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Application

11.3.2.2.2. By Type

11.3.3. Argentina EVA Resins & EVA Films Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value & Volume

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Application

11.3.3.2.2. By Type

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

13.1. Merges & Acquisitions

13.2. New Product Launches

13.3. Recent Developments

14. Global EVA Resins & EVA Films Market: SWOT Analysis

15. Porter’s Five Forces Analysis

15.1. Competition in the Industry

15.2. Potential of New Entrants

15.3. Power of Suppliers

15.4. Power of Customers

15.5. Threat of Substitute Products

16. Competitive Landscape

16.1. Business Overview

16.2. Company Snapshot

16.3. Products & Services

16.4. Financials (In case of listed companies)

16.5. Recent Developments

16.6. SWOT Analysis

16.6.1. Arkema S.A.

16.6.2. The Dow Chemical Company

16.6.3. International Polymers Company

16.6.4. Exxon Mobil Corporation

16.6.5. LG Chem Ltd

16.6.6. The 3m company

16.6.7. Hanwha Solutions Corporation

16.6.8. LyondellBasell Industries N.V.

16.6.9. Mitsui Chemicals Tohcello, Inc.

16.6.10. Zhejiang Sinopont Technology Co., Ltd.

17. Strategic Recommendations

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What is the major driver for the EVA Resins & EVA Films market?

Rising demand in Solar Cell Encapsulation and Solar Cells is expected to drive the demand for EVA Resins & EVA Films market.

Who are the top players operating in the EVA Resins & EVA Films market?

Arkema S.A., The Dow Chemical Company, International Polymers Company, Exxon Mobil Corporation, LG Chem Ltd, the 3m company, Hanwha Solutions Corporation, LyondellBasell Industries N.V., Mitsui Chemicals Tohcello, Inc. and Zhejiang Sinopont Technology Co., Ltd. are the key players operating in the market.

Which Application is expected to dominate the EVA Resins & EVA Films market in the forecast period?

Based on Application, the market is segmented into Solar Cell Encapsulation, Thin-Film Solar Cells, Crystalline Solar Cells, Glass Lamination, Cosmetics, Agriculture, and Others. The Solar Cell Encapsulation segment is expected to capture the highest market share in the forecast period.

Which region is expected to account for the largest EVA Resins & EVA Films market share?

The Europe region is dominating the market and is expected to maintain its dominance over the next five years.

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Press Release

Global EVA Resins & EVA Films Market to be Dominated by Solar Cell Encapsulation Segment Through 2028

May, 2023

Rising Demand in Solar Cell Encapsulation and Solar Cells is expected to drive the Global EVA Resins & EVA Films Market in the forecast period 2024-2028.