Scienza e Tecnologia
Ethylene Vinyl Acetate Market Revenue Worth $13,149.7 Million by 2030, says P&S Intelligence
The major ethylene vinyl acetate market players are Sahara International Petrochemical Company, Exxon Mobil Corporation, The Dow Chemical Company, Formosa Plastic Corporation, Celanese Corporation, Hanwha Total Petrochemical Co. Ltd., LyondellBasell Industries N.V., ARLANXEO Holding B.V., Braskem S.A., Asia Polymer Corporation, Arkema Group, Clariant AG, and Hanwa Solution Chemical Division Corporation.
Though these companies suffered losses due to the closure of most manufacturing plants in 2020 owing to the COVID-19 pandemic, orders for the chemical from packaging producers rose. This was a result of the around 30% increase in online food deliveries, for which packaging is essential. To avoid moving out, many people started frequently ordering food, which drove the demand for packaging materials and, in turn, for EVA.
The Asia-Pacific region accounted for the largest share in the graphene market in 2020, and it will also continue witnessing this trend throughout the forecast period. The dominance of the region can be credited to the increasing disposable income of people in regional nations and the widening application bases of this form of carbon in the automotive and electrical and electronics industries of India , China , and other Southeast Asian countries.
- The global non-destructive testing (NDT) and inspection market revenue stood at $9 billion in 2020 and the market is predicted to demonstrate rapid advancement in the coming years.
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Prajneesh Kumar
P&S Intelligence
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