Ethylene-vinyl Alcohol Copolymer (EVOH) Market Analysis

Ethylene-vinyl Alcohol Copolymer Market Analysis

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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.