DUBLIN–(BUSINESS WIRE)–The “India Ethylene Vinyl Acetate (EVA) Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030” report has been added to ResearchAndMarkets.com’s offering.
The demand for Ethylene Vinyl Acetate (EVA) in India stood at 178 KTPA in 2019 and is expected to grow at a healthy CAGR of 5.25% during the forecast period.
EVA is a specialty copolymer of LDPE utilizing Ethylene and Vinyl Acetate as feedstocks. In India, EVA is primarily consumed as an adhesive in the production of sole in leather and foam industry. Moreover, the electrical and electronic industry also accounts for a high share of consumption in manufacturing of protective solar panel films and photovoltaic cell owing to the high transparency and adhesion it offers to the glass surface. In addition, EVA is also widely consumed as a solvent in the paint and coating industry and in the automotive industry for producing automotive bumpers and molded automotive parts. The outbreak of Coronavirus in Q4 of FY 20 has led to an astonishing slump in the consumption of EVA as the demand from its major end-user industries like paints and coating and automotive was negatively affected by the halt in manufacturing activities put up in compliance to the government norms to contain the spread of virus.
However, the demand for EVA is likely to recover in the coming years on rising stress on renewable energy resources, thereby leading to an enhanced production of solar units requiring the utilization of EVA sheets. The anti-dumping on imports of EVA sheets imposed by the government in 2019 over countries like Saudi Arabia, Malaysia, Thailand and China is further anticipated to propel the consumption of EVA resin in the domestic market for the production of EVA sheets in India. Moreover, growing demand for EVA to produce flexible packaging owing to its high impact strength, is to emerge as a potential segment to soar the demand for the product in the forecast period as people are keener to rely on single-use plastic packaging to exempt any risk of virus.
Currently, Reliance Industries Limited is sole manufacturer of EVA in domestic market and the company increased its installed capacity in 2017 at Dahej Petrochemical complex to fulfill the growing demand for domestic EVA. The company uses advanced LyondellBasell’s Lupotech technology for manufacturing of the product. Owing to the presence of a single manufacturer, yearly production of EVA in India is less in comparison to the total demand. Due to limited production of EVA in India, the country is primarily dependent on imports from countries such as South Korea, Thailand, Belgium, Taiwan, France etc. to cater to the domestic demand. Although the Indian EVA market prompts tremendous opportunities for new players, but high capital investment and complex processing involved in the production of EVA are major challenges to market-entry.
Companies Mentioned
Objective of the Study:
Key Topics Covered:
1. Manufacturing Process & Technology Licensing Evaluation
2. India EVA Demand-Supply Gap Outlook, By Volume
2.1. Capacity, By Company
2.2. Capacity, By Location
2.3. Capacity, By Technology
2.4. Production, By Company
2.5. Operating Efficiency, By Company
2.6. Country-Wise Import
2.7. Country-Wise Export
2.8. Demand-Supply Gap
3. India EVA Demand Outlook
3.1. By Grade
3.2. By End Use
3.3. By Distribution Channel
3.4. By Region / State
3.5. By Company
4. Customer Analysis
4.1. Procurement Volume
4.2. Procurement Prices
4.3. Existing Supplier
4.4. Contact Details
5. Cost Structure
5.1. Raw Material Cost
5.2. Selling & Distribution Cost
5.3. Fixed Cost
5.4. Other Cost
6. Market Trends & Developments (Focus on emerging application and manufacturing technologies
7. Grade-Wise & Company-Wise Pricing Analysis (Monthly)
7.1. Historical Prices (Domestic, CFR)
7.2. Forecast
8. Competitive Landscape (Top 10 Companies in terms of revenue share)
8.1. Company Profiles
8.1.1. Key Financial Matrices
8.1.2. Margin Analysis
8.1.3. SWOT Analysis
8.1.4. Key Market Focus and Geographical Presence
8.1.5. Planned Investments
8.1.6. Collaborations
8.1.7. Technology Licensing
8.1.8. Expansion Plan
9. Project Viability Analysis
10. Strategic Recommendations
11. About Us & Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/f5n9cl
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