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EVA Adhesives Market Size, Share, Trends, Growth Outlook

EVA Adhesives Market Size, Share, Trends, Growth Outlook, and Opportunities to 2032- By Technology (Hot Melt, Solvent-borne, Water-borne), By End-User (Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery, Others), Countries and Companies Report

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  • |Published Month : November, 2024
  • |No. of Pages : 188

Global EVA Adhesives Market Size is valued at $12.5 Billion in 2024 and is forecast to register a growth rate (CAGR) of 6.7% to reach $21 Billion by 2032.

The global EVA Adhesives Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Technology (Hot Melt, Solvent-borne, Water-borne), By End-User (Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery, Others).

An Introduction to EVA Adhesives Market in 2024

Ethylene vinyl acetate (EVA) adhesives are thermoplastic adhesives formulated with copolymers of ethylene and vinyl acetate in 2024. These adhesives offer excellent adhesion, flexibility, and heat resistance, making them suitable for bonding a wide range of substrates in various industries. EVA adhesives are used in packaging, woodworking, footwear, automotive, and assembly applications, where they provide strong and durable bonds on porous and non-porous surfaces. They are available in various forms, including hot melt adhesives, pressure-sensitive adhesives, and solvent-based adhesives, each offering specific application properties and performance characteristics. EVA adhesives exhibit fast-setting times and low-temperature flexibility, allowing for efficient processing and bonding in different manufacturing environments. They adhere well to substrates such as paper, cardboard, plastics, wood, and metals, making them suitable for a wide range of bonding applications. EVA adhesives are valued for their versatility, cost-effectiveness, and ability to bond dissimilar materials, contributing to improved product performance and manufacturing efficiency. With advancements in formulation technology and increasing demand for sustainable bonding solutions, EVA adhesives to play a vital role in diverse industries, offering reliable and high-performance bonding solutions for a wide range of applications.

EVA Adhesives Industry- Market Size, Share, Trends, Growth Outlook

EVA Adhesives Market Competitive Landscape

The market report analyses the leading companies in the industry including Aica Kogyo Co..Ltd., Arkema S.A., Beardow Adams, CEMEDINE Co. Ltd, Dow Inc, Follmann Chemie GmbH, H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat SE, KLEBCHEMIE M. G. Becker GmbH & Co. KG, Nanpao Resins Chemical Group, OKONG Corp, Paramelt B.V., Selic Corp Public Company Ltd, Soudal Holding N.V., and others.

EVA Adhesives Market Dynamics

Market Trend: Increasing Adoption of EVA Adhesives in Packaging Industry

A prominent trend in the EVA (ethylene-vinyl acetate) adhesives market is the increasing adoption of these adhesives in the packaging industry. EVA adhesives offer excellent adhesion to various substrates commonly used in packaging, including paper, cardboard, plastics, and metals. With the growth of e-commerce and the demand for sustainable packaging solutions, there is a rising need for adhesives that can provide strong bonds, flexibility, and resistance to temperature fluctuations during transportation and storage. EVA adhesives fulfill these requirements and are widely used in applications such as carton sealing, case and box assembly, flexible packaging lamination, and label applications. This trend is driven by the need for efficient and reliable bonding solutions that ensure product integrity and enhance consumer experience in the packaging sector. As packaging manufacturers seek to optimize production processes and meet evolving market demands, the demand for EVA adhesives is expected to grow, driving market expansion and innovation in adhesive technologies for packaging applications.

Market Driver: Growth in End-Use Industries Such as Packaging and Woodworking

A key driver propelling the growth of the EVA adhesives market is the growth in end-use industries such as packaging and woodworking. EVA adhesives offer versatility, performance, and cost-effectiveness, making them suitable for a wide range of applications in these industries. In the packaging sector, EVA adhesives are used for sealing, bonding, and laminating various packaging materials, providing strong and durable bonds that withstand handling, transportation, and storage. In the woodworking industry, EVA adhesives are employed for edge banding, veneering, laminating, and assembly of furniture, cabinets, and wood products. Additionally, EVA adhesives find applications in industries such as automotive, textiles, footwear, and electronics, where bonding performance, flexibility, and ease of use are essential. As end-user industries continue to grow and diversify, the demand for EVA adhesives as versatile bonding solutions is expected to escalate, driving market expansion and adoption in multiple sectors.

Market Opportunity: Development of Specialty Formulations for High-Performance Applications

An opportunity for growth within the EVA adhesives market lies in the development of specialty formulations for high-performance applications. While EVA adhesives are widely used in packaging, woodworking, and general assembly applications, there are untapped opportunities in niche markets and specialized industries that demand tailored adhesive solutions with specific properties and functionalities. For example, in the automotive industry, there is a need for EVA adhesives with high temperature resistance, vibration damping properties, and compatibility with automotive substrates such as plastics, metals, and composites. Similarly, in the medical sector, there is a demand for EVA adhesives that are biocompatible, sterilizable, and suitable for medical device assembly and wound closure applications. By developing customized EVA adhesive formulations to address the unique needs and requirements of these high-growth markets and specialty applications, manufacturers can differentiate themselves, capture new market segments, and drive innovation in adhesive technologies. Moreover, as industries continue to prioritize performance, reliability, and sustainability, there is potential for collaboration and partnership to unlock novel applications and address emerging market demands effectively.

EVA Adhesives Market Share Analysis: Hot Melt Technology segment generated the highest revenue in 2024

The Hot Melt Technology segment is the largest within the EVA Adhesives Market. Hot melt adhesives, based on ethylene-vinyl acetate (EVA) copolymers, offer numerous advantages over solvent-borne and water-borne technologies. In particular, hot melt adhesives exhibit fast-setting properties, allowing for rapid assembly and production processes in various industries such as packaging, woodworking, automotive, and construction. Their high initial tack and bond strength contribute to efficient bonding of substrates, leading to improved productivity and cost-effectiveness. Additionally, hot melt adhesives do not contain volatile organic compounds (VOCs), making them environmentally friendly and compliant with regulatory standards. Moreover, the versatility of hot melt technology enables it to bond a wide range of substrates, including plastics, metals, paper, and textiles, further enhancing its utility across diverse applications. These factors collectively contribute to the dominance of the Hot Melt Technology segment within the EVA Adhesives Market.

EVA Adhesives Market Share Analysis: Healthcare is poised to register the fastest CAGR over the forecast period

The Healthcare segment stands out as the fastest-growing within the EVA Adhesives Market. EVA adhesives find increasing applications in the healthcare industry, particularly in medical device assembly, wound care products, and transdermal drug delivery systems. The demand for EVA adhesives in healthcare is propelled by the growing need for advanced medical devices and technologies, including wearable sensors, surgical dressings, and diagnostic equipment. EVA adhesives offer biocompatibility, flexibility, and sterility, making them suitable for use in direct contact with the skin or internal tissues. Moreover, the rise in chronic diseases, aging populations, and healthcare spending further drives the adoption of medical devices and healthcare products incorporating EVA adhesives. Additionally, the ongoing research and development efforts aimed at enhancing the performance, safety, and efficacy of medical adhesives contribute to the rapid growth of the Healthcare segment within the EVA Adhesives Market.

EVA Adhesives Market

By Technology
Hot Melt
Solvent-borne
Water-borne
By End-User
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

EVA Adhesives Companies Profiled in the Study

Aica Kogyo Co..Ltd.
Arkema S.A.
Beardow Adams
CEMEDINE Co. Ltd
Dow Inc
Follmann Chemie GmbH
H.B. Fuller Company
Henkel AG & Co. KGaA
Jowat SE
KLEBCHEMIE M. G. Becker GmbH & Co. KG
Nanpao Resins Chemical Group
OKONG Corp
Paramelt B.V.
Selic Corp Public Company Ltd
Soudal Holding N.V.
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 EVA Adhesives Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global EVA Adhesives Market Size Outlook, $ Million, 2021 to 2032
3.2 EVA Adhesives Market Outlook by Type, $ Million, 2021 to 2032
3.3 EVA Adhesives Market Outlook by Product, $ Million, 2021 to 2032
3.4 EVA Adhesives Market Outlook by Application, $ Million, 2021 to 2032
3.5 EVA Adhesives Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of EVA Adhesives Industry
4.2 Key Market Trends in EVA Adhesives Industry
4.3 Potential Opportunities in EVA Adhesives Industry
4.4 Key Challenges in EVA Adhesives Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global EVA Adhesives Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global EVA Adhesives Market Outlook by Segments
7.1 EVA Adhesives Market Outlook by Segments, $ Million, 2021- 2032
By Technology
Hot Melt
Solvent-borne
Water-borne
By End-User
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Others

8 North America EVA Adhesives Market Analysis and Outlook To 2032
8.1 Introduction to North America EVA Adhesives Markets in 2024
8.2 North America EVA Adhesives Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America EVA Adhesives Market size Outlook by Segments, 2021-2032
By Technology
Hot Melt
Solvent-borne
Water-borne
By End-User
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Others

9 Europe EVA Adhesives Market Analysis and Outlook To 2032
9.1 Introduction to Europe EVA Adhesives Markets in 2024
9.2 Europe EVA Adhesives Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe EVA Adhesives Market Size Outlook by Segments, 2021-2032
By Technology
Hot Melt
Solvent-borne
Water-borne
By End-User
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Others

10 Asia Pacific EVA Adhesives Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific EVA Adhesives Markets in 2024
10.2 Asia Pacific EVA Adhesives Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific EVA Adhesives Market size Outlook by Segments, 2021-2032
By Technology
Hot Melt
Solvent-borne
Water-borne
By End-User
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Others

11 South America EVA Adhesives Market Analysis and Outlook To 2032
11.1 Introduction to South America EVA Adhesives Markets in 2024
11.2 South America EVA Adhesives Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America EVA Adhesives Market size Outlook by Segments, 2021-2032
By Technology
Hot Melt
Solvent-borne
Water-borne
By End-User
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Others

12 Middle East and Africa EVA Adhesives Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa EVA Adhesives Markets in 2024
12.2 Middle East and Africa EVA Adhesives Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa EVA Adhesives Market size Outlook by Segments, 2021-2032
By Technology
Hot Melt
Solvent-borne
Water-borne
By End-User
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Aica Kogyo Co..Ltd.
Arkema S.A.
Beardow Adams
CEMEDINE Co. Ltd
Dow Inc
Follmann Chemie GmbH
H.B. Fuller Company
Henkel AG & Co. KGaA
Jowat SE
KLEBCHEMIE M. G. Becker GmbH & Co. KG
Nanpao Resins Chemical Group
OKONG Corp
Paramelt B.V.
Selic Corp Public Company Ltd
Soudal Holding N.V.

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Technology
Hot Melt
Solvent-borne
Water-borne
By End-User
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Frequently Asked Questions