EVA Resins & Films Market Likely To Emerge Over A Period Of 2021-2031

EVA Resins Films Market: Overview

  • EVA resin is an elastomeric polymer that produces rubber-like materials that are known for their soft and flexible properties. Other EVA resin advantages include UV resistance, water resistance, stress-crack resistance, chemical resistance, and excellent processability transparency.
  • EVA film is a polymer-based component used in the production of solar PV modules. EVA films are utilized for encapsulation of solar PV cells and performing adhesion and cushioning functions. Encapsulant is an essential part of a photovoltaic module for mechanical protection of the silicon solar cells as well as electrical insulation of the PV module. Encapsulant packaging protects solar cells from environmental damage as well as from mechanical stresses.
  • According to Transparency Market Research’s latest research report on the EVA resins films market for the forecast period of 2021 to 2031, rise in usage of EVA resins in foams and solar cell encapsulation is a key factor that is expected to boost the global EVA resins films market during the forecast period

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Increase in Usage of EVA Resins Films in Foams and Solar Cell Encapsulation: Key Driver of EVA Resins Films Market

  • EVA is widely utilized in foams due to its ability to impart resilience and softness. The primary end-user of EVA foams is footwear. Wedge soles, molded soles, runners, and top-line padding are the primary application areas for EVA foams in the footwear industry.
  • Solar EVA sheets play an important part in enhancing the durability and performance of solar panels. They enable solar cells to 'float' between the glass and the backsheet, helping soften shocks and vibrations; and protecting the cells and their circuits.
  • Rise in demand for EVA resins films in foams and solar cell encapsulation is propelling the EVA resins films market

Rise in Application of EVA Resins in Foam Applications

  • In terms of value, the foams application segment is estimated to dominate the global EVA resins films market during the forecast period. EVA-based foam has a fine uniform cell structure that enables it to be processed akin to other thermoplastics. It retains its resilience and flexibility, rapidly recovers from compressions, as well as absorbs colors. Foam is formed in a mold, which becomes a sheet of a closed cell foam.
  • Foams are designed to be weather-resistant and withstand various harsh and dangerous agents such as fuel oils and chemicals. They are widely used in various industries, including automotive, building, marine, electronics, healthcare, packaging, sports, leisure, recreation, and footwear due to their versatility.
  • EVA hot melt adhesives are one of the most popular, affordable, and widely used industrial hot melt adhesives. They bond to a variety of cellulosic materials and are available in a wide range of compositions. They are of relative low cost, but also of relative low performance. Akin to most other hot melts, they have low creep resistance under load. The hot melt adhesives segment is likely to expand at a steady pace during the forecast period.

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Increase in Usage of EVA Films in Solar Cell Encapsulation Applications

  • In terms of value, the solar cell encapsulationsegment is estimated to dominate the global EVA resins films market during the forecast period. Ethylene vinyl acetate (EVA) encapsulation materials have attracted a lot of attention due to their extensive applications in solar cells. Nearly 80% of photovoltaic (PV) modules are encapsulated by EVA materials. EVA has various advantages such as good light transmittance and elasticity, low processing temperature, excellent melt fluidity, and adhesive property.
  • Glass lamination with EVA film is also suited for production of sound insulation glass (sound reduction index of at least 36 dB), fire-protection glass (greater fire-resistance than PVB), and laminated safety glass. Therefore, the glass lamination segment is likely to expand at a steady pace during the forecast period.

EVA Resins Films Market: Competition Landscape

  • Detailed profiles of providers of EVA resins films have been included in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global EVA resins films market include
    • Arkema S.A.
    • The Dow Chemical Company
    • International Polymers Company (IPC)
    • Exxon Mobil Corporation
    • LyondellBasell Industries Holdings B.V
    • Oryza Oil Fat Chemical Co., Ltd.
    • Braskem
    • LG Chem Ltd.
    • Celanese Corporation
    • Hanwha Solutions
    • Folienwerk Wolfen GmbH
    • 3M
    • Dietrich Mueller UK Limited
    • Lucent CleanEnergy
    • SKC
    • Changzhou Bbetter Film Technologies Co., Ltd.
    • Zhejiang Sinopont Technology Co., Ltd.
    • Mitsui Chemicals Tohcello, Inc.
    • Interlayer Solutions Inc.

EVA Resins Films Market: Major Players

  • Major providers of EVA resins films, such as Arkema S.A., The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V, and LG Chem Ltd., are focusing on research development, merger, joint venture, collaboration, and product innovation strategies
  • In the global EVA resins films market report, we have discussed individual strategies, followed by company profiles of providers of EVA resins films. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global EVA resins films market.
  • Analysts’ Viewpoint on EVA Resins Films Market Scenario
  • Manufacturers are maintaining appropriate warehouse stocks to avoid the shortage of raw materials, and are seeking assistance from freight forwarding companies to acquire additional resources amid the COVID-19 crisis. As such, companies in the EVA resins films market are investing in resources to resolve certification issues by industry’s best and accredited institutes.Companies are establishing steady revenue streams in solar cell encapsulation applications. However, EVA materials lack resistance toward high temperatures, resulting in damage to solar panels. Hence, companies should address these issues by increasing their research in developing UV resistant EVA films and make design improvements in solar panels.

Investment in Research Capacity Expansion Helps Build Product Portfolio

  • Companies in the EVA resins films market are investing in advanced extrusion lines to deliver high-quality products for customers. Manufacturers are increasing their research spending to understand the dynamics of quality control in products that suit specific requirements of clients. Producers of EVA-based interlayers are investing in manufacturing plants to expand their product portfolio in EVA (Ethylene Vinyl Acetate) resins films.

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