Analysis of the development trend of the global EVA sheet material market
According to the market transparency research report, by 2023, the global EVA market is expected to reach 11.4 billion U.S. dollars, with a compound growth rate of 5.1% during 2015-2023.
Global EVA production capacity is concentrated in North America, Europe and Northeast Asia, and future demand growth will be driven by Northeast Asia and the Middle East.
EVA is a copolymer of ethylene-vinyl acetate, in which the content of vinyl acetate is in the range of 1%-40%. In addition to excellent mechanical properties such as high bond strength, good elasticity, high elongation at break, and good impact resistance, EVA also has excellent properties such as environmental stress cracking resistance, puncture resistance, and ultraviolet radiation resistance. Based on the above good performance, EVA is widely used in photovoltaic modules, films, foam materials, hot melt adhesives, cables and other fields.
The two most widely used areas of EVA sheet are the packaging of solar modules and shoe materials.
In 2014, the Asia-Pacific market accounted for about 35% of the global market share, and during 2015-2023, due to rising demand in India, Japan, and China, the Asia-Pacific market will continue to be the market with the fastest growth in market demand.
China is expected to be the largest consumer market for EVA by 2023, because China is the largest producer of photovoltaic products and footwear.
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