Quarterly Update on Global Ethylene Vinyl Acetate Market
For the Quarter Ending September 2020
Asia’s ethylene vinyl acetate market is bracing the tightened product supply because of the restricted output combined with steady & lull demand. Supply disruptions in China due to maintenance turnaround at Yanshan Petrochemical’s plant till end-July tightened the product availability backed by production outages at BASF-YPC’s plant. Due to weak supply and firm on-spot demand prices of 14-20% VA-content EVA rose to USD 1100-1150/tonne CFR SE (southeast) Asia in July. Buoyant demand from the end users like adhesive producers and photovoltaic helped in maintaining market optimism. On the feedstock front, stable Ethylene import prices helped in uplifting the producer’s margins.
Regional Ethylene Vinyl Acetate supply was affected by the production outages announced by the key market players entering the third quarter, which are expected to show their effect in supplies in fourth quarter as well. Logistics challenges faced due to seasonal storms and Hurricane Laura in the Gulf coast regions restricted the overall product supply.
EVA availability turned lower in the third quarter of 2020, not only due to plant shutdowns in various regions in Texas and Germany but also because of the outages heard outside Europe. The third quarter saw the significant rise in the demand of EVA which is correlated with sturdy consumption in the paints and coatings sectors. The demand uptick was strongly by active restocking ahead of the year-end and Christmas holidays.
How we can help
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of Chemanalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
News & Deals
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
ChemAnalyst gathers information through primary research surveys conducted with various Ethylene vinyl acetate manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Ethylene vinyl acetate market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Ethylene vinyl acetate market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.
Finally, region-specific markets for Ethylene vinyl acetate are analyzed and region-wise demand pattern is tracked.
Ethylene-vinyl acetate (EVA) is also known as poly (ethylene-vinyl acetate) is formed by copolymerization of ethylene and vinyl acetate. There are three different kinds of EVA copolymer, which vary in the vinyl acetate (VA) content. The weightage of vinyl acetate content in the percentage differ from 10 to 40%. EVA is a thermoplastic with excellent elasticity and toughness. EVA shows better blending properties with Nitrile rubber and styrene butadiene rubber for better ozone resistance. It has good tear and abrasion resistance. Generally EVA contains 1-50% of vinyl acetate along with the carbon chain in backbone. It enhances clarity and seal ability of olefins (LDPE/LLDPE) whereas a higher percentage of EVA is often used to reduce the melting point and improve the low temperature performance. It is used in fabrication of sealant, adhesives and coatings. Major EVA end uses include adhesives, blow molding, wire and cable manufacturing, film production, foam sheet, extrusion, coextrusion, lamination, coatings, hot-melts, and injection molding.