| Product Code: ETC234384 | Publication Date: Aug 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India`s ethylene vinyl acetate import market in 2024 continued to be dominated by top exporting countries such as South Korea, Saudi Arabia, USA, Taiwan, and Thailand. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at high levels. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 stood strong at 12.28%, indicating a steady expansion of ethylene vinyl acetate imports into India. This data suggests a stable and growing demand for this material in the Indian market.
The ethylene vinyl acetate (EVA) market in India is experiencing growth in response to the country`s expanding footwear, packaging, and solar industries. EVA, a versatile copolymer, is valued for its durability and flexibility, making it an ideal choice for shoe soles and various packaging materials. Additionally, EVA sheets are widely used in the solar industry for encapsulating photovoltaic cells. As these sectors thrive and diversify, the EVA market is expected to maintain its upward trajectory, providing essential materials for multiple industrial applications.
The India ethylene vinyl acetate (EVA) market is experiencing growth driven by several key factors. EVA is a versatile polymer known for its flexibility, durability, and resistance to environmental stress, making it suitable for various applications. The market benefits from its use in the packaging industry, where EVA is employed in flexible packaging materials, solar panel encapsulation, and adhesive formulations. The construction sector is another significant contributor to the demand for EVA, particularly in the production of low-density foam sheets for insulation and flooring. Additionally, the growing awareness of sustainable and eco-friendly materials has led to the increased use of EVA in footwear, sports equipment, and medical devices. The market is also influenced by technological innovations, such as the development of high-performance EVA grades with enhanced properties, expanding its application possibilities.
The India ethylene vinyl acetate market grapples with challenges related to raw material costs and market competition. EVA, a copolymer of ethylene and vinyl acetate, is heavily dependent on the availability and prices of these raw materials, which can fluctuate due to factors like crude oil prices and supply-demand imbalances. Intense competition among domestic and international players in the EVA market puts pressure on pricing and profit margins. Additionally, the EVA market must adapt to evolving environmental regulations, especially concerning product recycling and disposal.
Supply chain disruptions and manufacturing challenges affected the EVAs market. The automotive and packaging sectors, which are significant consumers of EVA, saw fluctuations in demand.
The India Ethylene Vinyl Acetate market features key players who are prominent manufacturers and suppliers of EVA, a versatile polymer used in various industries, including packaging, footwear, and solar cell encapsulation. Leading companies in this market include DuPont de Nemours, Inc., ExxonMobil Chemical, Dow Inc., and Arkema SA. These companies offer a range of EVA products that cater to diverse applications, contributing to India growing industrial and consumer needs.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ethylene Vinyl Acetate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ethylene Vinyl Acetate Market Revenues & Volume, 2021 & 2031F |
3.3 India Ethylene Vinyl Acetate Market - Industry Life Cycle |
3.4 India Ethylene Vinyl Acetate Market - Porter's Five Forces |
3.5 India Ethylene Vinyl Acetate Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 India Ethylene Vinyl Acetate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Ethylene Vinyl Acetate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for green packaging solutions |
4.2.2 Growth in the solar energy sector leading to demand for EVA encapsulant films |
4.2.3 Rising adoption of EVA in the footwear industry |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent environmental regulations impacting production processes |
4.3.3 Competition from substitute materials like polyethylene and polypropylene |
5 India Ethylene Vinyl Acetate Market Trends |
6 India Ethylene Vinyl Acetate Market, By Types |
6.1 India Ethylene Vinyl Acetate Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 India Ethylene Vinyl Acetate Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 India Ethylene Vinyl Acetate Market Revenues & Volume, By Low Density, 2021-2031F |
6.1.4 India Ethylene Vinyl Acetate Market Revenues & Volume, By Medium Density, 2021-2031F |
6.1.5 India Ethylene Vinyl Acetate Market Revenues & Volume, By High Density, 2021-2031F |
6.2 India Ethylene Vinyl Acetate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Ethylene Vinyl Acetate Market Revenues & Volume, By Films, 2021-2031F |
6.2.3 India Ethylene Vinyl Acetate Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.4 India Ethylene Vinyl Acetate Market Revenues & Volume, By Foams, 2021-2031F |
6.2.5 India Ethylene Vinyl Acetate Market Revenues & Volume, By Solar Cell Encapsulation, 2021-2031F |
6.2.6 India Ethylene Vinyl Acetate Market Revenues & Volume, By Other Applications, 2021-2031F |
7 India Ethylene Vinyl Acetate Market Import-Export Trade Statistics |
7.1 India Ethylene Vinyl Acetate Market Export to Major Countries |
7.2 India Ethylene Vinyl Acetate Market Imports from Major Countries |
8 India Ethylene Vinyl Acetate Market Key Performance Indicators |
8.1 Percentage of EVA used in green packaging applications |
8.2 Number of solar energy projects using EVA encapsulant films |
8.3 Percentage of footwear manufacturers using EVA in their products |
9 India Ethylene Vinyl Acetate Market - Opportunity Assessment |
9.1 India Ethylene Vinyl Acetate Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 India Ethylene Vinyl Acetate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Ethylene Vinyl Acetate Market - Competitive Landscape |
10.1 India Ethylene Vinyl Acetate Market Revenue Share, By Companies, 2024 |
10.2 India Ethylene Vinyl Acetate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |