Ethylene Vinyl Acetate Resins Market Size Growth Analysis 2022-2029

HYDERABAD, India - Dec. 1, 2022 - PRLog -- The term "ethylene vinyl acetate" refers to resins made from ethylene and vinyl acetate. They are composed of 18–40% vinyl acetate and are utilized in the production of foam, packaging film, wire and cable, solar cell encapsulation, and hot melt adhesives. Due to their improved flexibility and low sealing temperature, EVA resins are utilized extensively in the paper and packaging industries.

The ethylene vinyl acetate market is being driven, among other things, by a number of factors, including an increase in investment in solar energy generation setups, a rise in demand from various sectors like footwear and foam markets, an increase in the significant growth of the solar power industry, and an increase in the demand from the packaging industry. In addition, the market for ethylene vinyl acetate will see an increase in the introduction of bio-based ethylene vinyl acetate and in research and development activities during the forecast period of 2023 to 2030. However, potential issues with ethylene vinyl acetate photovoltaic encapsulation will further hinder the growth of the ethylene vinyl acetate market during the above-mentioned forecast period, and the greatest factors acting as restraints are the increase in the threat of substitutes and the growing concerns associated with the use of EVA in photovoltaic packaging.

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