The foam segment contributed to nearly three-fifths of the total market revenue in 2020, and is expected to lead the trail by 2028.
OREGON, PORTLAND, UNITED STATES, August 4, 2022 /EINPresswire.com/ — Development of the packaging industry, economic growth, increased income level, rising investment in solar energy generation set-ups, and surge in its demand from different sectors drive the growth of the global ethylene vinyl acetate resins market. Based on application, the foam segment contributed to the major share in 2020. By region, on the other hand, Asia-Pacific would cite the fastest CAGR by 2028.
According to the report published by Allied Market Research, the global ethylene vinyl acetate resins market was pegged at $8.4 billion in 2020 and is estimated to hit $13.7 billion by 2028, registering a CAGR of 6.3% from 2021 to 2028.
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COVID-19 impact analysis:
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The ethylene vinyl acetate resins market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the ethylene vinyl acetate resins market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the ethylene vinyl acetate resins market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The foam segment contributed to nearly three-fifths of the total market revenue in 2020, and is expected to lead the trail by 2028. The extrusion coating segment, however, would register the fastest CAGR of 7.2% from 2021 to 2028.
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Some ruling enterprises in the global ethylene vinyl acetate resins market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global ethylene vinyl acetate resins industry include Al Habib Polymers FZE, Arkema S.A., Braskem S.A., Hanwha Chemical Corporation, Celanese Corporation, Lyondellbasell Industries Holding B.V, Dow Inc., Exxon Mobil Corporation, Sipchem.
Asia-Pacific held the major share in 2020, garnering nearly three-fifths of the global market. The market across the region would also exhibit the fastest CAGR of 6.5% by 2028. The other two provinces discussed in the report include North America, Europe, and LAMEA.
• Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
• Analysis at country and regional level, which portrays the share of the product or service in different regions.
• Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
• The forecasted market outlook of the ethylene vinyl acetate resins market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
• The COVID-19 impact on the ethylene vinyl acetate resins market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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