Ethylene Vinyl Acetate Resins Market Size- KBV Research
The Global Ethylene Vinyl Acetate Resins Market size is expected to reach $10.9 billion by 2025, rising at a market growth of 6.4% CAGR during the forecast period. Ethylene-vinyl acetate (EVA) is the copolymer of ethylene and vinyl acetate, also known as poly (ethylene-vinyl acetate) (PEVA). The weight percentage of vinyl acetate usually varies between 10 and 40 percent, with the rest being ethylene vinyl acetate that is a colorless, flammable, volatile liquid with a boiling point of 72-73u2103. Practically, the use of EVA is as a vinyl monomer to generate homopolymers and copolymers of polyvinyl acetate. To generate derivatives such as polyvinyl alcohol and ethylene-vinyl alcohol (EVOH), homo-and copolymers are sometimes reacted further. Vinyl acetate is the biggest end-use of acetate acid and accounted for a major global supply for acetate acid. Rapid industrialization and an increase in individuals disposable revenue across emerging economies, such as India and China, are significant factors that have fueled automobiles demand. This, in turn, has increased demand for EVA resins as they are commonly used in automotive bumpers and molded components manufacturing. Increased manufacturing of lightweight cars due to their greater fuel efficiency and increased demand for electric vehicles due to the application of strict state regulatory regulations on car pollution and fuel efficiency further add to this market growth. Full Report: https://www.kbvresearch.com/ethylene-vinyl-acetate-resins-market/
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