Ethylene-vinyl Alcohol Copolymer (EVOH) Market - By Grade (Standard Grade, Specialty Grade), By Application (Packaging, Films & Sheets, Fuel Tanks & Containers, Pipes & Tubes), By End-use Industry & Forecast, 2022-2028

Ethylene-vinyl Alcohol Copolymer Market Size

Ethylene-vinyl Alcohol Copolymer Market size surpassed USD 807.9 million in 2021 and is expected to grow at a CAGR of over 5% from 2022 to 2028. Manufacturers are focusing on adopting greener packaging solutions, which support market growth in Europe and North America.
 

The ethylene-vinyl alcohol copolymer market is expected to witness significant growth over the forecast timeframe owing to its increasing use in the product packaging industry. The increasing demand for EVOH is attributed to its excellent oxygen barrier properties, which are suitable for perishable product packaging. Polymerization and saponification are used in a two-step procedure to manufacture ethylene-vinyl alcohol copolymers. An activator/initiator combination is used to polymerize ethylene and vinyl acetate.
 

The ethylene-vinyl acetate copolymer is saponified to manufacture the EVOH. These offer excellent properties such as superior gas barrier resistance, antistatic, luster & transparency, resistance to oil & organic solvents, and excellent permeability. Due to these properties, EVOH is used in various end-use industries including food & beverages, cosmetics, pharmaceutical, automotive, and construction.
 

The surging applications of EVOH in packaging films have further propelled the overall industry expansion. Furthermore, the rising demand for packaging films in the cosmetics, pharmaceutical, and food & beverage industries is projected to accelerate the ethylene-vinyl alcohol copolymer market demand. Moreover, the growing construction industry mainly in developing regions, such as Asia Pacific and the Middle East, will offer new growth opportunities to the industry.
 

Increased focus on developing the infrastructure is supporting the construction sector growth in various regions. Rising trends in roadway & commercial property constructions are primary drivers of the booming construction industry. The demand for high-rise buildings has increased in the Middle East region due to rising economic developments, population growth, and limited land availability, thus augmenting the market statistics.
 

The COVID-19 pandemic has disrupted the supply chain of the global ethylene-vinyl alcohol copolymer market expansion. It can be majorly attributed to the shortage of raw materials such as ethylene and vinyl acetate. Ethylene is majorly produced from petroleum or natural gas.
 

The petrochemical industry is severely affected due to the demand drop as countries implemented social & travel restrictions and also supply reduction in global petrochemical manufacturing hubs. However, the rapid surge in the demand for ethylene-vinyl alcohol copolymers in the packaging industry across the globe has further propelled the industry landscape.
 

Ethylene-vinyl Alcohol Copolymer Market Analysis

The packaging segment is estimated to generate over USD 700 million by 2028. The growing popularity of product in the packaging applications of several industries, such as food & beverages, cosmetics, and pharmaceuticals, is one of the key reasons driving the overall ethylene-vinyl alcohol copolymer market outlook.
 

The rising consumer inclination toward green packaging has increased the adoption of EVOH. These are also used in barrier packaging to address consumer concerns regarding food wastage and to prevent diseases caused due to food contamination. The upsurge in demand for packaged food products across the globe has accelerated the demand for EVOH in packaging applications.
 

The pharmaceuticals segment will generate a revenue of over USD 25 million by 2028. EVOH is deployed in clinical & pharmaceutical applications such as ampoules and parenteral nutritional bags for increasing the shelf life. The contain inhibitors, such as tert-butyl benzene, oxygenated aromatics, and isobutyl benzene that produce propanol and methylpropylbenzene that are used in the making of different medicines.
 

These are applied in liquid embolic system in interventional radiology. When mixed with any radiopaque substance and dissolved in dimethyl sulfoxide, it proves useful in embolizing the blood vessels. It is also employed in the packaging of several drugs owing to its barrier properties.
 

The specialty-grade segment is expected to surpass a demand of around 50 kilo tons by 2028 owing to superior properties such as improved thermoformability & stretchability in sheet forming, excellent flex resistance & crack resistance, an improved grade for impact resistance, and reduced whitening & delamination in the retort process.
 

This grade is mainly used in the construction industry. Specialty-grade has better thermal durability property; therefore, these can be used as an oxygen barrier component in under-floor heating pipes. The growing construction industry, especially in countries such as India, China, Brazil, and Indonesia, is likely to propel ethylene-vinyl alcohol copolymer market growth.
 

North America ethylene-vinyl alcohol copolymer industry is projected to witness over 4% CAGR over the forecast timeframe. The rising inclination of customers toward green packaging will favor regional market share. The growing automotive industry, especially in the U.S., is another factor propelling product demand in the region as it is proving to be suitable for automotive applications. These are also employed in the construction sector for reducing radon exposure. Construction activities in the region have increased and are also expected to remain high in the future, which is yet another factor propelling the North American market size.
 

Ethylene-vinyl Alcohol Copolymer Market Share

The ethylene-vinyl alcohol copolymer market is moderately consolidated with the presence of limited large-scale companies around the globe. EVOH manufacturers are focusing on enhancing their service portfolios and development of new technologies to cater to the growing demand. Enhancements in the product landscape and strategic joint ventures are key initiatives in the global market. Some of the key manufacturers include

• Mitsubishi Chemical Corporation
• Kuraray Co., Ltd.
• Chang Chun Group
   

The ethylene-vinyl alcohol copolymer market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD thousand from 2018 to 2028 for the following segments:

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By Grade

• Standard Grade
• Specialty Grade

By Application

• Packaging
• Films
• Fuel Tanks & Containers
• Pipes & Tubes
• Others

By End-use

• Food & Beverages
• Agricultural
• Automotive
• Cosmetics
• Pharmaceuticals
• Construction
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE