Ethylene Vinyl Acetate Demand Growth Accelerated by Expanding Construction Sector
Ethylene vinyl acetate (EVA) is a versatile thermoplastic polymer that provides excellent clarity, flexibility, adhesion properties, and environmental stress crack resistance. EVA finds wide applications in hot melt adhesives, cables & wires insulation, solar panels backing sheets, and footwear among others. Key products like window & door profiles, pipes, cables, and photovoltaic modules have witnessed increased consumption of EVA resins owing to ongoing infrastructure development activities worldwide. The global ethylene vinyl acetate market is estimated to be valued at US$ 1710.66 Mn in 2024 and is expected to exhibit a CAGR of 3.4% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market Key Trends: Expanding construction sector has been a major driver for growing demand of EVA globally. Rapid urbanization and housing projects in developing nations has boosted the production of PVC profiles, pipes, wires & ca...