Ethylene Vinyl Alcohol Copolymer (EVOH) Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.1 Billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030.
The global Ethylene Vinyl Alcohol Copolymer (EVOH) market was valued at approximately USD 1.7 billion in 2022, reflecting a robust growth trajectory. The market is anticipated to expand at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. This growth is driven by the increasing demand for EVOH in various end-use sectors, including packaging, automotive, and healthcare. The packaging segment, particularly, has seen significant traction due to EVOH's superior barrier properties, which enhance product shelf life and safety. This rising demand in the packaging industry, along with advancements in EVOH resin technologies, is expected to propel market growth further.
Emerging markets present substantial opportunities for EVOH growth. Regions such as Asia-Pacific are anticipated to witness rapid expansion owing to industrialization and urbanization, which are fueling the demand for advanced materials in packaging and automotive applications. Additionally, increasing investments in the development of eco-friendly and sustainable packaging solutions are expected to further boost the market. As manufacturers focus on expanding their presence in these high-growth regions, the EVOH market is poised for substantial gains, offering lucrative prospects for stakeholders across the value chain.
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Kuraray
Mitsubishi Chemical
Chang Chun Petrochemical
Sinopec
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market
Food Packaging Material
Household Wrapping Material
Automotive Gas Tanks
Pipes For Floor Heating Systems
Wall Coverings
Others
Based on Types the Market is categorized into Below types that held the largest Ethylene Vinyl Alcohol Copolymer (EVOH) market share In 2023.
Ethylene Content (mol%) below 29
Ethylene Content (mol%) 29-35
Ethylene Content (mol%) 35-38
Ethylene Content (mol%) 38-44
Ethylene Content (mol%) above 44
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market, By Type
6. Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market, By Application
7. Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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