[Online Quarterly Update] United States Ethylene Vinyl Acetate (EVA) demand stood at 357.73 Thousand Tonnes in 2020 and is forecast to reach 578.53 Thousand Tonnes by 2030, growing at a healthy CAGR of 4.64% until 2030. The demand for Ethylene Vinyl Acetate (EVA) is expected to increase further owing to the growth in the Packaging sector as the demand for packaged goods increased in the food industry coupled with the rise in e-commerce. Further rising growth in the Fast-moving Consumer Goods industry in the country is expected to increase the demand for Ethylene Vinyl Acetate and would drive its market in the forthcoming years. Also, the commercial and industrial sectors are planning to use solar energy to power the plants and machinery that is also anticipated to increase the demand for EVA in solar cell encapsulation.
The USA is one of the major economies of the world, with the biggest healthcare and pharmaceutical industry, despite that, a severe impact of the COVID-19 pandemic has been witnessed on the market growth. Due to the imposition of nationwide lockdown to curb the spread of the virus, most of the manufacturing units were closed for a significant amount of time which disturbed the demand and distribution channels. It resulted into the decline in the demand for EVA from various end use industries such as automobiles, footwear, toys, etc. However, the surge in demand for EVA from the packaging sector was witnessed amid covid which helped the Ethylene Vinyl Acetate industry to recover swiftly. Additionally, the government has been slowly controlling the consequences, and steadily the market is regaining its composure.
Some of the major players operating in the Ethylene Vinyl Acetate market are Braskem, Celanese, Dairen Chemical, Dow, Dupont-Mitsui Polychemicals, ENI Versalis S.p.A., ExxonMobile, Formosa Plastic Corporation. Looking at the vast market potential, players are coming up with capacity expansion plans and heavily investing in advanced technologies to expand their current product portfolios.
Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Objective of the Study:
• To assess the demand-supply scenario of EVA which covers production, demand and supply of EVA market in USA.
• To analyse and forecast the market size of EVA in USA .
• To classify and forecast USA Ethylene Vinyl Acetate market based on technology, end-use and regional distribution.
• To identify drivers and challenges for USA Ethylene Vinyl Acetate market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in USA Ethylene Vinyl Acetate market.
• To identify and analyse the profile of leading players involved in the manufacturing of EVA.
To extract data for USA Ethylene Vinyl Acetate market, primary research surveys were conducted with Ethylene Vinyl Acetate manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for USA Ethylene Vinyl Acetate market over the coming years.
ChemAnalyst calculated Ethylene Vinyl Acetate demand in USA by analyzing the historical data and demand forecast which was carried out considering imported styrene prices, a monomer used for production of Ethylene Vinyl Acetate. ChemAnalyst 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, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience
• Ethylene Vinyl Acetate manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethylene Vinyl Acetate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Ethylene Vinyl Acetate manufacturers, distributors and policymakers. 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.
Deliverables:
Installed Capacity By Company
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Installed capacity at a regional level along with the individual capacity of leading players
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Installed Capacity By Location
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Installed capacity at country level
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Installed Capacity By Technology
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Installed capacity by different technologies being used to produce Ethyl Vinyl Acetate
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Production By Company
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Actual production done by different companies
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Operating Efficiency By Company
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Operating efficiency at which different companies are operating their plants
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Demand By End Use
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Demand/Sale of Ethyl Vinyl Acetate in different end-user industries across the region
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Demand By Sales Channel
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Demand/Sale of Ethyl Vinyl Acetate by different sales channels across the region
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Demand By Region
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Demand/Sale of Ethylene Vinyl Acetate in different regions of the country
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Country-Wise Exports
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Exports of Ethylene Vinyl Acetate by Different Countries
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Country-Wise Imports
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Imports of Ethylene Vinyl Acetate by Different Countries
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Foreign Trade Country wise
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Foreign trade by each country
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Demand & Supply Gap
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Demand & Supply Gap at country level
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Market Share of Leading Players
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Revenue shares of leading players in the region.
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