Ethylene Vinyl Acetate Market Trends

Growth Drivers

• Growing Agriculture Activities: Agrochemicals including pesticides, insecticides, and herbicides involve ethylene vinyl acetate (EVA). The primary advantages of employing EVA are that it necessitates fewer applications in the soil, supplies plants a constant and frequent supply of nutrients, reduces nutrient loss due to leaching, can be more convenient to handle than fertilizers. Also, they assist in preventing root damage brought on by high salt concentrations and lowers production costs.
• Surge in Use of Ethylene Vinyl Acetate in Footwear: EVA is recently being utilized extensively in order to manufacture vegan shoes. EVA is the abbreviation for plastic created by combining ethylene and vinyl acetate. Collectively, they produce a substance that can be utilized to make the soles of EVA sneakers. Moreover, since it can be easily recycled into new items (playgrounds, mats, and more), it is regarded as an environmentally beneficial material due to the fact that it doesn't utilize chlorine in its production process.
• Rise in the Application of Ethylene Vinyl in the Packaging Sector: The EVA market is increasing as a result of the rising demand from the packaging sector. Due to greater internet purchases made amid the COVID crisis, the packaging industry has noticed an increase in demand for ethylene-vinyl acetate. The most common polymer used in hot melt adhesives for packing purposes is ethylene-vinyl acetate (EVA). EVA packaging has strong thermal insulation, anti-vibration, water resistance, and corrosion resistance, and it is also simple to manufacture. They are primarily utilized by customers and have gained popularity since they are durable, recyclable, and attractive.

Challenges

• Negative Properties of Ethylene Vinyl Acetate - Unfortunately, the disadvantages of EVA are currently felt by an increasing number of businesses. Despite being a wear-resistant material, EVA (Ethylene Vinyl Acetate) can emit corrosive breakdown products when processing temperatures are too high. Hence, the market demand is set to restrain.
• Sensitive to Heat
• Stringent Environment Regulations