As per this study the Global EVOH Resin Market was valued USD 1014.50 MN (by revenue) in 2022 and is anticipated to reach USD 1310.29 MN by 2030 with a CAGR of 3.20%.
Ethylene vinyl alcohol (EVOH) resin is the semi crystalline ethylene-vinyl alcohol copolymer with extraordinary gas barrier properties. It is used for food and non-food packaging applications. EVOH resin exhibit good thermal stability, chemical resistance, flavor preservation, and barrier to oxygen, fragrance, and solvents.
Market Dynamics
The rising demand of EVOH resin in food packaging to increase its shelf life is driving the market growth. Owing to superior chemical resistance, EVOH resins are widely used in pharmaceutical packaging. Increasing demand for automotive gas tanks owing to increasing automotive sales is also accelerating the market growth. On the flip side, high cost of the product may act as challenge for the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of EVOH resin.
Market Segmentation
The broad EVOH resin market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Ethylene(Mol%) Below 29
- 29-35 Ethylene(Mol%)
- 35-38 Ethylene(Mol%)
- 38-44 Ethylene(Mol%)
- Ethylene(Mol%) Above 44
By Application
- Food Material Packaging (Meat Products Packaging, Non-Meat Products Packaging)
- Household Wrapping Material
- Automotive Gas Tanks
- Pipes For Floor Heating System
- Wall Covering
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for EVOH resin in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global EVOH Resin Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the EVOH resin market include Kuraray, Mitsubishi Chemicals (Nippon Gohsei), Chang Chun Petrochemical, Nippon Ghosei, Kureha Corp, Soarus LLC, Schur Flexibles Holding GmbH, Gantrade Corp, Waldorf Technik GmbH. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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