According to ChemAnalyst report, “Ethylene Vinyl Alcohol (EVOH) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, The Ethylene Vinyl Alcohol (EVOH) market is expected to rise to approximately 250 thousand tonnes in 2032, at a CAGR of 4.8% in the next ten years. The increasing demand for Ethylene Vinyl Alcohol (EVOH) from Industrial & Food Packaging, Consumer Goods, Automotives, and other end-use industries, is expected to further expand the Ethylene Vinyl Alcohol (EVOH) market in the coming decade.
Ethylene and vinyl alcohol are mixed to synthesize EVOH through a two-step process. In the first step, Ethylene and vinyl acetate are polymerized by an initiator. The ethylene-vinyl acetate copolymer is then saponified in the second step to create EVOH Copolymer. This copolymer is glossy and transparent and offers excellent properties such as barrier properties against gas, resistance to oil, organic solvents, and antistatic properties. It is resistant to gases like oxygen and nitrogen. Its barrier properties are driving the interest of packaging industries towards itself. EVOH is used for manufacturing laminated and coextruded flexible food packaging films and in food containers and bottles formed by blow-molded and thermoformed techniques. Moreover, EVOH is co-extruded with Polyethylene (PE) and Polypropylene (PP) for better barrier resistance in food item packaging. EVOH is used in industries like packaging & films, Automotive, Agriculture, Construction, Cosmetics, and Pharmaceuticals.
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Ethylene Vinyl Alcohol (EVOH) market is driven by its barrier properties. EVOH is extensively used in food packaging. With the growth in population in coming decade, the consumption of EVOH by the food packaging is expected to further grow. Its barrier properties against gases and high resistance to attack by hydrocarbons, oils, organic fats, vapours, and solvents. make it a perfect material for manufacturing fuel tanks for automobiles. EVOH is utilized as a fuel barrier in tanks of fuel tanks of portable gas containers, and vehicles due to this reason Moreover, EVOH is used for plastic fuel tanks, agrochemical containers, soil fumigation films, and vacuum insulation panels. The Industrial & Food Packaging consumed about 68% of the global EVOH market in 2021.
The Ethylene Vinyl Alcohol (EVOH) market is segregated based on end-use, grade, sales channel, and region. Based on end-uses, the Ethylene Vinyl Alcohol (EVOH) market is segregated into Industrial & Food Packaging, Consumer Goods, Automotives, and others. The Industrial & Food Packaging industry dominates the Ethylene Vinyl Alcohol (EVOH) market around the globe and consumed about 68% of the global EVOH market in 2021. It will likely maintain its position during the forecast period and expected to grow at a CAGR of 4.88% by the forecast period. It is to meet growing demands for plastic containers in ready-to-eat food items and vacuum packaging of meats, sausages, and fish from the food industry. Other applications like fuel tank barriers also contribute to the consumption of EVOH.
North America is the top consumer of Ethylene Vinyl Alcohol (EVOH), followed by Europe among all other regions. North America will be the most significant consumer throughout the projected period. Due to the growing demand for ready-to-eat foods, and increasing demand for packaging material, the EVOH market will expand in the forecast period. However, USA is also the largest producer of EVOH on a global level.
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“Ethylene Vinyl Alcohol (EVOH) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, the significant players functional in the Ethylene Vinyl Alcohol (EVOH) market include Kuraray Co., Ltd., Mitsubishi Chemical Corporation, Chang Chun Petrochemical, and others.
“The rapidly increasing demand for eco-friendly barrier material for the in the food packaging is expected to boost the Ethylene Vinyl Alcohol (EVOH) market in the forecast period until 2032. Due to its barrier properties against gases, high resistance to oils, and solvents, it drives its market demand by various industries. Its applications prevail in the automobile industry in fuel tanks and is expected to further grow in the forecast period.“Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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