Poly (ethylene-vinyl acetate) (PEVA) Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.4 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
South Korea's Poly (ethylene-vinyl acetate) (PEVA) Market has been experiencing significant growth, driven by diverse industrial applications and evolving consumer needs. As a key player in the global PEVA landscape, South Korea's market dynamics offer insights into the types of PEVA products and the specific requirements from various industries.
In 2022, South Korea exported approximately $2.41 billion worth of ethylene-vinyl acetate copolymers, positioning itself as the world's leading exporter in this category. The primary destinations for these exports included China, India, Vietnam, Indonesia, and Italy. The country's import figures stood at $9.62 million, indicating a strong domestic production capacity and a net exporter status.
EVA Resin: Widely used in applications requiring flexibility and toughness, such as footwear and packaging materials.
EVA Rubber: Preferred for its elasticity and resilience, making it suitable for automotive parts and industrial components.
EVA Emulsion: Utilized in coatings, adhesives, and paints due to its excellent binding properties.
Various industries in South Korea have specific demands for PEVA products:
Packaging Industry: Requires PEVA films for their clarity, flexibility, and barrier properties, essential for food and consumer goods packaging.
Automotive Sector: Utilizes PEVA in interior components and insulation materials, benefiting from its durability and lightweight nature.
Textile and Non-woven Fabrics: Employs PEVA for its waterproof and breathable characteristics, ideal for rainwear and medical textiles.
Construction Industry: Uses PEVA in sealants and adhesives, capitalizing on its strong adhesion and weather-resistant properties.
The demand for PEVA in South Korea is projected to grow steadily, with forecasts indicating an increase from 180 thousand tonnes in 2020 to approximately 285.41 thousand tonnes by 2030. This growth is attributed to the rising demand in packaging, automotive, and construction industries, as well as the global shift towards sustainable and non-toxic materials.
South Korea's strategic focus on innovation and quality in PEVA production ensures its continued leadership in the global market, meeting the evolving requirements of diverse industries.
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Celanese
DuPont
Merck
SABIC
ExxonMobil
ENEOS
RUDOLF GROUP
Sumitomo Chemical
Tosoh
Braskem
Unitika
Asahi Kasei
Ott Scientific
Scientific Polymer Products
Resonac
Sinopec Chongqing SVW Chemical
USI Corporation
Shenghong
ZHEJIANG FENGHONG NEW MATERIAL
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 South Korea Poly (ethylene-vinyl acetate) (PEVA) Market
Consumer Goods
Textiles
Packaging
Automotive
Construction
Medical
Films
Sheets
Coatings
Foams
Adhesives
Healthcare
Food & Beverage
Electronics
Apparel & Fashion
Building & Construction
Direct Sales
Wholesale Distributors
E-commerce Platforms
Retail Stores
Low-density Grade
High-density Grade
Medical Grade
Food Grade
Industrial Grade
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Poly (ethylene-vinyl acetate) (PEVA) Market Research Analysis
1. Introduction of the South Korea Poly (ethylene-vinyl acetate) (PEVA) 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. South Korea Poly (ethylene-vinyl acetate) (PEVA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Poly (ethylene-vinyl acetate) (PEVA) Market, By Type
6. South Korea Poly (ethylene-vinyl acetate) (PEVA) Market, By Application
7. South Korea Poly (ethylene-vinyl acetate) (PEVA) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Poly (ethylene-vinyl acetate) (PEVA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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