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Ethylene Vinyl Acetate (EVA) Global Market to 2015 - Photovoltaic Encapsulants to Drive EVA Demand I
Ethylene Vinyl Acetate (EVA) Global Market to 2015 - Photovoltaic Encapsulants to Drive EVA Demand I
Global EVA demand is expected to grow at a CAGR of 5.6% from 2009 to 2015
London,
London,
United Kingdom
(prbd.net)
28/01/2011
The global demand for EVA has growing sharply over the last decade. The global EVA demand in 2000 was 1.4 million tons. Global EVA capacity increased to 2.7 million tons in 2009. Much of the increase in demand for EVA came from the Asia-Pacific region, and the same trend is expected to continue in the near future. Asia-Pacific-Pacific is expected to account for 52.4% of the global EVA demand in 2015. The global demand for EVA will grow and reach to 3.6 million tons in 2015.
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Global EVA Demand (Co-polymers in primary forms) in 2009 was 2.7 million tons. Asia-Pacific had the largest demand of 1,360,460 tons and a share of 51.3%. North America had a demand 844,036 tons and a share of 31.8% followed by Europe with a Demand of 347,416 tons and a share of 13.1%. Middle East and Africa had a Demand of 14,642 tons and a share of 3.1% followed by South and Central America with a Demand of 83,743 tons and a share of 2.9%.
The growth in Asian economies is seen as the main driver behind an increased global demand for EVA with the Chinese economy being the leader, followed by India and South Korea. EVA foam and soles are extensively being used in shoe manufacturing industry. Over the last decade there has been a shift in manufacturing of Shoe industries to Asian countries like china to take advantage of low cost manufacturing facilities. This has created a demand growth in the Asia pacific region. The same trend is expected to continue in future.
The increased focus of world economies to invest in clean power is expected to increase investments in the field of solar energy. EVA encapsulants currently have a market share of around 80% in this field (PV encapsulant). These increased investments in the sector will result in increased overall EVA consumption and hence increase in global EVA demand. Europe leads currently in this field but China and the US are expected to increase investments in this sector.
GBI Research’s ‘Ethylene Vinyl Acetate (EVA) Global Market to 2015 - Photovoltaic Encapsulants to Drive EVA Demand In the Future ‘is an in-depth report on the global Ethylene Vinyl Acetate industry. The report navigates the reader through the global Ethylene Vinyl Acetate (EVA) market with detailed analysis and forecasts of the major economic and market trends affecting the Ethylene Vinyl Acetate demand in all the major regions of the world. It includes analysis and forecasts of Demand major regions and countries. It provides major drivers and restraints for Ethylene Vinyl Acetate demand in various regions. Ethylene Dichloride Demand share analysis by End Use, Ethylene Vinyl Acetate (EVA) Price analysis for all five geographic regions. Regional competitive break up is also included in this comprehensive report. Overall, the report presents a comprehensive analysis of the global EVA market covering all the major parameters. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
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