Ethylene
Vinyl Acetate (EVA) demand in India stood at 178 KTPA in 2019 and is expected
to grow at a healthy CAGR during the forecast period. This demand can be
attributed to the growing need for high impact strength-based product having crack
resistant ability and tough nature etc. for various extrusion film processes. Its
properties like low water absorption, good weatherability and easy processing also
make it an ideal choice in manufacturing of footwears most commonly, sole,
automobile bumpers, toys, flexible hose, molded automotive parts (car
interior), flexible packaging, films and wire and electrical cables compounding
etc.
Currently, Reliance
Industries Limited is only manufacturer of EVA in India and the company had increased
its installed capacity in 2017 at Dahej petrochemical complex to meet the
growing domestic demand for EVA. The company uses LyondellBasell’s Lupotech T technology
for EVA production. Hence, to fulfill the total market demand for EVA, India imports
it from other global EVA manufacturers countries such as South Korea, Thailand,
Belgium, Taiwan, France etc.
Years Considered for this Report:
Historical
Years: 2013 – 2018
Base
Year: 2019
Estimated
Year: 2020
Forecast
Period: 2021 – 2030
Objective of the Study:
· The primary objective of the study was to evaluate and forecast EVA production, demand, inventory, and demand – supply gap in India.
· To categorize demand for EVA based on end use, sales channel and region.
· To study trade dynamics and company share in India EVA market.
· To identify major customers of EVA in India.
· To evaluate and forecast EVA pricing in India.
· To identify and profile major companies operating in India EVA market.
· To identify major developments, deals and expansion plans in India EVA market.
Click here to download the sample
Report Scope: In this report, India EVA market has been segmented into following categories:
Major
players operating in EVA market include
Reliance Industries Limited, Hanwha Group, LG Chem, TPI Polene, Saudi International Petrochemical
Company (Sipchem), The Dow Chemical Company, Biesterfeld AG, Exxon mobil etc. To extract data
for India EVA market, primary research surveys were conducted with manufacturers,
suppliers, distributors, wholesalers and end users of EVA. While interviewing,
the respondents were also inquired about their competitors. Through this
technique, TechSci Research was able to include manufacturers that could not be
identified due to the limitations of secondary research. Moreover, TechSci
Research analyzed various end user segments and projected a positive outlook
for India EVA market over the coming years.
TechSci
Research calculated the demand for EVA in India by analyzing the historical data
and demand forecast was carried out considering the imports, consumption
pattern and analyzing the demand by tracking upcoming manufacturing units.
TechSci Research sourced these values from industry experts and company
representatives and externally validated through analyzing historical
sales data of respective manufacturers to arrive at the overall market size.
Various secondary sources such as company websites, association reports and
annual reports were also studied by TechSci Research.
Key
Target Audience:
- EVA manufacturers, suppliers, distributors and
other stakeholders
- Organizations, forums and alliances
related to EVA distribution
- Government bodies such as regulating
authorities and policy makers
- Market research and
consulting firms
The
study is useful in providing answers to several critical questions that are
important for industry stakeholders such as EVA manufacturers, distributors and
policy makers. The report also provides useful insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on growth opportunities.
Available
Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs.