EVA Adhesives Market Size
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 12.05 Billion |
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Market Size (2028) | USD 15.43 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2024 - 2028) | 6.39 % |
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Largest Share by Region | Europe |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
EVA Adhesives Market Analysis
The EVA Adhesives Market size is estimated at 12.05 billion USD in 2024, and is expected to reach 15.43 billion USD by 2028, growing at a CAGR of 6.39% during the forecast period (2024-2028).
12.05 Billion
Market Size in 2024 (USD)
15.43 Billion
Market Size in 2028 (USD)
6.24 %
CAGR (2017-2023)
6.39 %
CAGR (2024-2028)
Largest Market by End-user Industry
73.62 %
value share, Packaging, 2023
Packaging is the dominant end-user industry owing to its wide applications, including cardboard sealing and joining, paper packaging, and laminating films.
Largest Market by Technology
54.52 %
value share, Hot Melt, 2023
Hot melt is the largest technology type in the market due to its wide range of applications across major end-user industries, including packaging and automotive.
Largest Market by Region
36.12 %
value share, Europe, 2023
Europe, driven mainly by Germany, the United Kingdom, France, and Italy, is a major EVA adhesives consumer owing to its usage by various end users.
Fastest Growing Market by Region
6.94 %
Projected CAGR, Europe, 2024-2028
With the increasing demand for food and beverage packaging and the rapid growth of sustainable packaging solutions, Europe is likely to be the fastest-growing region during the forecast period.
Leading Market Player
4.90 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading EVA/VAE adhesives manufacturer globally, which can be attributed to the popularity of its products in the packaging industry, specifically for flexible packaging.
Healthcare is the fastest-growing end-user while packaging remains as pole position
- Globally, EVA adhesives find applications in a range of end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond with substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion.
- The global demand for EVA adhesives grew significantly from 2017 to 2019. The woodworking and joinery industry in the North American region has witnessed the highest growth (CAGR of 9.00%) in demand among all end-user industries from all regions. Increased import duties on furniture products resulted in growth in the domestic woodworking industry.
- In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, labor shortages, and other factors. The demand from the automotive industry suffered the most, declining by 14.72% Y-o-Y. Reduced travel activity, shortage of raw materials, and various other factors have caused this decline. As the restrictions eased, the global EVA adhesives demand quickly rose to pre-pandemic levels in 2021.
- This growth trend is expected to continue during the forecast period. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to grow, recording a CAGR of 4.32% during the forecast period. The packaging industry favors EVA adhesives because of their fast-curing properties and thus occupies the largest share of the demand. The industry is expected to remain the largest end-user during the forecast period.
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Growing construction and automotive activities across the globe to boost the demand for EVA adhesives
- Asia-Pacific occupied the largest share of the demand for EVA resin-based adhesives throughout the study period because of the large number of construction and packaging activities, automotive, medical devices, and aerospace production capacities, and other well-established end-user industries in the region. China is the largest construction and automotive market globally and generates up to 58% of the demand from the Asia-Pacific region.
- During 2017-2019, the demand for EVA resin-based adhesives was sluggish due to the slow growth in the European and Asia-Pacific regions. The global decline in the demand from construction and automotive end-user industries, which are among the major end-user industries, has restricted the overall growth of EVA adhesives to around 3% (in terms of volume) in 2018 and 2019 compared to previous years.
- In 2020, the demand for EVA adhesives from all end-user industries declined because of the COVID-19 pandemic. In some countries like Germany, Russia, South Africa, and Brazil, construction activities were deemed essential and were allowed to operate during the pandemic. Factors like these have cushioned the global impact restricting the decline of EVA adhesives by around -6.75% in 2020 compared to 2019 (in terms of volume).
- In 2021, due to the relief packages and support schemes in countries like the United States, Australia, and countries in the European Union, the demand started to recover, and this growth trend is expected to continue throughout the forecast period. Increased investments and budget allotments witnessed in European, South American, and Asia-Pacific countries are expected to drive this growth.
Global EVA Adhesives Market Trends
Fast paced growth of e-commerce industry in developing nations to augment the industry
- In 2020, the packaging industry started with multiple long-term trends driving higher demand, and growth accelerated as economic activity switched to address the challenges posed by the COVID-19 pandemic. The industry's robust performance supported rising revenues and the expansion of important end markets such as food and beverage and healthcare and also demonstrated the industry's general stability during a period of overall economic uncertainty.
- Packaging M&A activities soared in 2021, as buyers and sellers enthusiastically returned to the market after deal-making almost ceased during the pandemic in 2020. During the pandemic, the strong performance of packaging companies reinforced the idea that the industry offers stability during moments of general market turbulence. The pandemic also strengthened previously existing tailwinds, including rapid e-commerce expansion and brand owners employing packaging to differentiate their products on supermarket shelves, positioning the sector for stronger long-term growth.
- As of now, dissolvable packaging, space-saving packaging, and smart packaging are a few innovations that have come up in the packaging industry. The adoption of edible packaging, an interesting and innovative alternative that alleviates the reliance on fossil fuels and has the potential to significantly decrease the carbon footprint, is now becoming popular across the food industry owing to its sustainability. These factors have created a growth opportunity for the packaging industry in the food and beverage sector, which is expected to boost the packaging industry's growth during the forecast period.
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Favorable government policies to promote electric vehicles will propel automotive industry
- Since 2021, the global automotive industry has been expected to grow steadily but at a slower pace because of the decline in consumers' preferences for individual ownership of passenger vehicles and their increased preference for shared mobility in transportation. The global automotive industry is expected to experience a growth rate of 2% annually, with an expected value addition of USD 1.5 trillion in total revenue during the forecast period.
- In 2020, due to the impact of the COVID-19 pandemic, vehicle sales declined but recovered rapidly in 2021 because the governments of various countries took measures to support their economies, as automotive markets usually contribute majorly to their GDP. Vehicle sales declined from 90 million units of passenger vehicles in 2019 to 78 million units in 2020.
- The introduction of electric vehicles worldwide has contributed significantly to the overall revenue of the global automotive market because of their cheaper energy costs, environmentally benign nature, and efficient mobility features. Various government policies and standards also work as driving factors to increase EV production. For instance, the EU standards for CO2 emissions increased the demand for electric vehicles in 2021. As per the IEA's Sustainable Scenario, 230 million electric vehicles are required to replace combustion fuel-based vehicles by 2030. In 2021, Tesla, the largest EV manufacturer, recorded a rise of 157% in the number of electric vehicles manufactured. This growing trend of consumers preferring electric vehicles is expected to rise further during the forecast period (2022-2028).
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rapid growth of civil and military aviation will boost the aircraft production
- Easy availability of resources will support the footwear industry specifically in developing countries
- Growing residential and infrastructural development to thrive the construction sector
- Rising demand for home & office furniture to aid the growth of the industry
EVA Adhesives Industry Overview
The EVA Adhesives Market is fragmented, with the top five companies occupying 9.33%. The major players in this market are Aica Kogyo Co..Ltd., Arkema Group, Dow, Henkel AG & Co. KGaA and NANPAO RESINS CHEMICAL GROUP (sorted alphabetically).
EVA Adhesives Market Leaders
Aica Kogyo Co..Ltd.
Arkema Group
Dow
Henkel AG & Co. KGaA
NANPAO RESINS CHEMICAL GROUP
Other important companies include Beardow Adams, CEMEDINE Co.,Ltd., Follmann Chemie GmbH, H.B. Fuller Company, Jowat SE, KLEBCHEMIE M. G. Becker GmbH & Co. KG, OKONG Corp., Paramelt B.V., Selic Corp Public Company Limited., Soudal Holding N.V..
*Disclaimer: Major Players sorted in alphabetical order.
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EVA Adhesives Market News
- February 2022: H.B. Fuller announced the acquisition of Fourny NV to strengthen its Construction Adhesives business in Europe.
- January 2022: H.B. Fuller announced the acquisition of UK-based Apollo Chemicals to expand its foothold in the European market.
- August 2021: H.B. Fuller announced its plans to set up a new facility with a gross area of 37,000 sqm in Egypt to expand its business across Middle East & Africa.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
EVA Adhesives Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
- 4.1.4 Footwear and Leather
- 4.1.5 Packaging
- 4.1.6 Woodworking and Joinery
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4.2 Regulatory Framework
- 4.2.1 Argentina
- 4.2.2 Australia
- 4.2.3 Brazil
- 4.2.4 Canada
- 4.2.5 China
- 4.2.6 EU
- 4.2.7 India
- 4.2.8 Indonesia
- 4.2.9 Japan
- 4.2.10 Malaysia
- 4.2.11 Mexico
- 4.2.12 Russia
- 4.2.13 Saudi Arabia
- 4.2.14 Singapore
- 4.2.15 South Africa
- 4.2.16 South Korea
- 4.2.17 Thailand
- 4.2.18 United States
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Building and Construction
- 5.1.4 Footwear and Leather
- 5.1.5 Healthcare
- 5.1.6 Packaging
- 5.1.7 Woodworking and Joinery
- 5.1.8 Other End-user Industries
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5.2 Technology
- 5.2.1 Hot Melt
- 5.2.2 Solvent-borne
- 5.2.3 Water-borne
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5.3 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 Australia
- 5.3.1.2 China
- 5.3.1.3 India
- 5.3.1.4 Indonesia
- 5.3.1.5 Japan
- 5.3.1.6 Malaysia
- 5.3.1.7 Singapore
- 5.3.1.8 South Korea
- 5.3.1.9 Thailand
- 5.3.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 France
- 5.3.2.2 Germany
- 5.3.2.3 Italy
- 5.3.2.4 Russia
- 5.3.2.5 Spain
- 5.3.2.6 United Kingdom
- 5.3.2.7 Rest of Europe
- 5.3.3 Middle East & Africa
- 5.3.3.1 Saudi Arabia
- 5.3.3.2 South Africa
- 5.3.3.3 Rest of Middle East & Africa
- 5.3.4 North America
- 5.3.4.1 Canada
- 5.3.4.2 Mexico
- 5.3.4.3 United States
- 5.3.4.4 Rest of North America
- 5.3.5 South America
- 5.3.5.1 Argentina
- 5.3.5.2 Brazil
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Aica Kogyo Co..Ltd.
- 6.4.2 Arkema Group
- 6.4.3 Beardow Adams
- 6.4.4 CEMEDINE Co.,Ltd.
- 6.4.5 Dow
- 6.4.6 Follmann Chemie GmbH
- 6.4.7 H.B. Fuller Company
- 6.4.8 Henkel AG & Co. KGaA
- 6.4.9 Jowat SE
- 6.4.10 KLEBCHEMIE M. G. Becker GmbH & Co. KG
- 6.4.11 NANPAO RESINS CHEMICAL GROUP
- 6.4.12 OKONG Corp.
- 6.4.13 Paramelt B.V.
- 6.4.14 Selic Corp Public Company Limited.
- 6.4.15 Soudal Holding N.V.
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
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8.1 Global Adhesives and Sealants Industry Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Drivers, Restraints, and Opportunities
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, GLOBAL, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017-2028
- Figure 4:
- PRODUCTION VOLUME OF FOOTWEAR, PAIRS, GLOBAL, 2017-2028
- Figure 5:
- PRODUCTION VOLUME OF PAPER & PAPER BOARD AND PLASTIC PACKAGING, TONS, GLOBAL, 2017-2028
- Figure 6:
- PRODUCTION VOLUME OF FURNITURE, UNITS, GLOBAL, 2017-2028
- Figure 7:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 8:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 9:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 10:
- VALUE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 11:
- VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 12:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 13:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 14:
- VALUE OF VAE/EVA ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 15:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 16:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 17:
- VALUE OF VAE/EVA ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 18:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 19:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 20:
- VALUE OF VAE/EVA ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 21:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 22:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 23:
- VALUE OF VAE/EVA ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 24:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 25:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 26:
- VALUE OF VAE/EVA ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 27:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 28:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED IN PACKAGING INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 29:
- VALUE OF VAE/EVA ADHESIVES CONSUMED IN PACKAGING INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 30:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN PACKAGING INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 31:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 32:
- VALUE OF VAE/EVA ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 33:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 34:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 35:
- VALUE OF VAE/EVA ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 36:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 37:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 38:
- VALUE OF VAE/EVA ADHESIVES CONSUMED BY TECHNOLOGY, USD, GLOBAL, 2017 - 2028
- Figure 39:
- VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY TECHNOLOGY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 40:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY TECHNOLOGY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 41:
- VOLUME OF HOT MELT VAE/EVA ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 42:
- VALUE OF HOT MELT VAE/EVA ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 43:
- VALUE SHARE OF HOT MELT VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 44:
- VOLUME OF SOLVENT-BORNE VAE/EVA ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 45:
- VALUE OF SOLVENT-BORNE VAE/EVA ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 46:
- VALUE SHARE OF SOLVENT-BORNE VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 47:
- VOLUME OF WATER-BORNE VAE/EVA ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 48:
- VALUE OF WATER-BORNE VAE/EVA ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 49:
- VALUE SHARE OF WATER-BORNE VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 50:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED BY REGION, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 51:
- VALUE OF VAE/EVA ADHESIVES CONSUMED BY REGION, USD, GLOBAL, 2017 - 2028
- Figure 52:
- VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 53:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 54:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 55:
- VALUE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 56:
- VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 57:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 58:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
- Figure 59:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, AUSTRALIA, 2017 - 2028
- Figure 60:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2021 VS 2028
- Figure 61:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, CHINA, 2017 - 2028
- Figure 62:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, CHINA, 2017 - 2028
- Figure 63:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, CHINA, 2021 VS 2028
- Figure 64:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, INDIA, 2017 - 2028
- Figure 65:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, INDIA, 2017 - 2028
- Figure 66:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDIA, 2021 VS 2028
- Figure 67:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
- Figure 68:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
- Figure 69:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
- Figure 70:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
- Figure 71:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, JAPAN, 2017 - 2028
- Figure 72:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, JAPAN, 2021 VS 2028
- Figure 73:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
- Figure 74:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, MALAYSIA, 2017 - 2028
- Figure 75:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2021 VS 2028
- Figure 76:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
- Figure 77:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, SINGAPORE, 2017 - 2028
- Figure 78:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, SINGAPORE, 2021 VS 2028
- Figure 79:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
- Figure 80:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, SOUTH KOREA, 2017 - 2028
- Figure 81:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
- Figure 82:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
- Figure 83:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, THAILAND, 2017 - 2028
- Figure 84:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
- Figure 85:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 86:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 87:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
- Figure 88:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 89:
- VALUE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 90:
- VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 91:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 92:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 93:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 94:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 95:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 96:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 97:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, GERMANY, 2021 VS 2028
- Figure 98:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 99:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, ITALY, 2017 - 2028
- Figure 100:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, ITALY, 2021 VS 2028
- Figure 101:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 102:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 103:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2021 VS 2028
- Figure 104:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 105:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 106:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, SPAIN, 2021 VS 2028
- Figure 107:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 108:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 109:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 110:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 111:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 112:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2021 VS 2028
- Figure 113:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 114:
- VALUE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, USD, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 115:
- VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 116:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 117:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, SAUDI ARABIA, 2017 - 2028
- Figure 118:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, SAUDI ARABIA, 2017 - 2028
- Figure 119:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2021 VS 2028
- Figure 120:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, SOUTH AFRICA, 2017 - 2028
- Figure 121:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, SOUTH AFRICA, 2017 - 2028
- Figure 122:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2021 VS 2028
- Figure 123:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 124:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 125:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST & AFRICA, 2021 VS 2028
- Figure 126:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 127:
- VALUE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2028
- Figure 128:
- VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 129:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 130:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, CANADA, 2017 - 2028
- Figure 131:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, CANADA, 2017 - 2028
- Figure 132:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, CANADA, 2021 VS 2028
- Figure 133:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 134:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 135:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 136:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 137:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 138:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 139:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, REST OF NORTH AMERICA, 2017 - 2028
- Figure 140:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, REST OF NORTH AMERICA, 2017 - 2028
- Figure 141:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF NORTH AMERICA, 2021 VS 2028
- Figure 142:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, SOUTH AMERICA, 2017 - 2028
- Figure 143:
- VALUE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2028
- Figure 144:
- VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 145:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 146:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, ARGENTINA, 2017 - 2028
- Figure 147:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, ARGENTINA, 2017 - 2028
- Figure 148:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2021 VS 2028
- Figure 149:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, BRAZIL, 2017 - 2028
- Figure 150:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, BRAZIL, 2017 - 2028
- Figure 151:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2021 VS 2028
- Figure 152:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 153:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 154:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2021 VS 2028
- Figure 155:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
- Figure 156:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
- Figure 157:
- REVENUE SHARE OF VAE/EVA ADHESIVES BY MAJOR PLAYERS, %, GLOBAL, 2021
EVA Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Solvent-borne, Water-borne are covered as segments by Technology. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Globally, EVA adhesives find applications in a range of end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond with substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion.
- The global demand for EVA adhesives grew significantly from 2017 to 2019. The woodworking and joinery industry in the North American region has witnessed the highest growth (CAGR of 9.00%) in demand among all end-user industries from all regions. Increased import duties on furniture products resulted in growth in the domestic woodworking industry.
- In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, labor shortages, and other factors. The demand from the automotive industry suffered the most, declining by 14.72% Y-o-Y. Reduced travel activity, shortage of raw materials, and various other factors have caused this decline. As the restrictions eased, the global EVA adhesives demand quickly rose to pre-pandemic levels in 2021.
- This growth trend is expected to continue during the forecast period. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to grow, recording a CAGR of 4.32% during the forecast period. The packaging industry favors EVA adhesives because of their fast-curing properties and thus occupies the largest share of the demand. The industry is expected to remain the largest end-user during the forecast period.
| End User Industry | Aerospace | |
| Automotive | ||
| Building and Construction | ||
| Footwear and Leather | ||
| Healthcare | ||
| Packaging | ||
| Woodworking and Joinery | ||
| Other End-user Industries | ||
| Technology | Hot Melt | |
| Solvent-borne | ||
| Water-borne | ||
| Region | Asia-Pacific | Australia |
| China | ||
| India | ||
| Indonesia | ||
| Japan | ||
| Malaysia | ||
| Singapore | ||
| South Korea | ||
| Thailand | ||
| Rest of Asia-Pacific | ||
| Region | Europe | France |
| Germany | ||
| Italy | ||
| Russia | ||
| Spain | ||
| United Kingdom | ||
| Rest of Europe | ||
| Region | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa | ||
| Region | North America | Canada |
| Mexico | ||
| United States | ||
| Rest of North America | ||
| Region | South America | Argentina |
| Brazil | ||
| Rest of South America |
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the EVA adhesives market.
- Product - All EVA adhesive products are considered in the market studied
- Resin - Under the scope of the study, flexible Ethylene Vinyl Acetate Copolymer resin is considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, and Hot Melt adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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