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Ethylene Vinyl Acetate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22311
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Ethylene Vinyl Acetate Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Ethylene Vinyl Acetate | Chemical | USA | 1545 USD/MT |
| Ethylene Vinyl Acetate | Chemical | South Korea | 1455 USD/MT |
| Ethylene Vinyl Acetate | Chemical | Belgium | 1965 USD/MT |
| Ethylene Vinyl Acetate | Chemical | Saudi Arabia | 1365 USD/MT |
The price of Ethylene Vinyl Acetate (EVA) in the United States for Q4 2023 reached 1545 USD/MT. Prices fell further in the US market due to low demand from downstream industries and abundant material supply in the domestic market. However, the overall market outlook remained stable, and consumer inquiries were slightly lower during this time.
The price for Ethylene Vinyl Acetate (EVA) 28% FOB Seoul in South Korea at the end of Q4 2023 was USD 1455/MT. The market overall remained stable in the fourth quarter of 2023, with few market transactions and no major supply related issues.
The price of EVA in Belgium at the end of the Q4 was USD 1965/MT, 28% FOB Antwerp. The weak demand from downstream industries, low-cost support from upstream raw materials, and limited inventories in the region all contributed to bearish market conditions in the Q4 of 2023.
In Q4 2023, Saudi Arabia's trend, seasonality, and correlation price percentages were all declining. The price change from the previous quarter was -9%, and the price difference between the first and second half of the quarter was -1%. The change in last year's same quarter price was -58%. The most recent price of Ethylene Vinyl Acetate 28% FOB Al Jubail in Saudi Arabia for Q4 2023 was USD 1365/MT.
Ethylene Vinyl Acetate Price Trend, Market Analysis, and News
IMARC’s newly published report, titled Ethylene vinyl acetate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of ethylene vinyl acetate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report examines the elements influencing ethylene vinyl acetate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Ethylene Vinyl Acetate Market Analysis
The global ethylene vinyl acetate market size reached US$ 11.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 19.7 Billion, at a projected CAGR of 6.50% during 2023-2032.
The global ethylene vinyl acetate market is primarily driven by its various properties and wide array of applications across various industries. Ethylene vinyl acetate (EVA) is the copolymer of ethylene and vinyl acetate which offers exceptional flexibility, impact resistance, durability and weatherability which makes EVA a preferred material in various industries such as packaging, footwear, automotive, construction and electronics. In packaging industry, ethylene vinyl acetate is extensively used in the production of flexible films, laminates and hot melt adhesives due to its excellent sealing properties, thermal stability and low temperature flexibility stimulating its market growth. The growing footwear market is one of a significant drivers of ethylene vinyl acetate market with EVA foam being widely used in midsoles and outsoles of shoes because of its lightweight nature, cushioning properties and shock absorption capabilities caters to the growing demand for comfortable and performance-oriented footwear thereby propelling the ethylene vinyl acetate market further across the world.
In addition to this, the construction industry’s rapid growth worldwide is stimulating the demand for ethylene vinyl acetate-based products in applications such as solar encapsulation films, thermal insulation foams and sealants. Ethylene vinyl acetate’s ability to endure harsh environmental conditions, Ultraviolet (UV) radiation and temperature fluctuation makes it a preferred choice for solar panel encapsulation which ensures long term durability and performance. Furthermore, the automotive sector’s increasing adoption of lightweight materials to enhance fuel efficiency and reduce emissions is driving the market growth of ethylene vinyl acetate based automotive components such as noise reducing foams, gaskets, and interior trim. The ethylene vinyl acetate market is witnessing a steady growth fueled by its exceptional properties and diverse applications across various industries with further expansion expected as technological advancements and sustainability initiatives continues to drive innovations in ethylene vinyl acetate-based products. These factors are collectively creating a positive outlook for the market further across the world.
Ethylene Vinyl Acetate News
The report covers the latest developments, updates, and trends impacting the global ethylene vinyl acetate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ethylene vinyl acetate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the ethylene vinyl acetate industry:
- In 2022, Clariant announced its new investments to enhance the Chinese ethoxylation plant. Clariant will also expand existing production capacity for its Ethylene Oxide Derivatives (EODs) and a broader chemical portfolio at Daya Bay. As a result, it will step up its production of more sustainable ingredients that can help customers advance their environmental targets and create differentiated, more sustainable solutions to meet sector demands.
- In 2024, Germany-based bioplastics specialist FKuR signed a distribution agreement with Braskem for its I’m Green bio-based ethylene vinyl acetate (EVA). The company will be the official distributor in the EU, Switzerland, Norway, the UK, Turkey, Israel, and India. The agreement expands on FKuR and Braskem’s long-standing partnership, which started in 2011. FkuR adds EVA to the list of I’m Green bio-based polymers it already distributes worldwide, including PE, LDPE, LLDPE, and HDPE.
Product Description
Ethylene vinyl acetate is a copolymer which is comprised of ethylene and vinyl acetate monomers. Ethylene vinyl acetate is a thermoplastic material which is known for its excellent flexibility, toughness, and elasticity. It exhibits a wide range of properties which depends on the vinyl acetate content in it. With increased vinyl acetate level, the flexibility of material is also increased along with lower melting points. It is a versatile polymer which is extensively used in different industries due to its exceptional characteristics which includes low temperature resistance, UV stability and good adhesion to substrates. Common applications of ethylene vinyl acetate include packaging films, foam sheets, footwear components such as midsoles and outsoles, adhesives, sealants and photovoltaic encapsulation films. Its ability to be easily processed via methods such as extrusion, injection molding, and compression molding further enhances its appeal for manufacturers looking for materials with superior performance and processing capabilities.
Regional Coverage
The report provides a detailed analysis of the ethylene vinyl acetate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Ethylene Vinyl Acetate Price
The report offers a holistic view of the global ethylene vinyl acetate pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Ethylene Vinyl Acetate Price
During Q4 2023, weak demand from downstream industries, low consumption, and a decline in prices affected the European Ethylene Vinyl Acetate (EVA) market. Belgium was one of the countries that faced significant price drops due to weak demand and poor domestic consumption. EVA prices in Belgium decreased by 15% compared to the previous quarter, and the bearish market situation was attributed to weak demand from downstream industries, low-cost support from upstream raw materials, and limited inventories.
This analysis can be extended to include detailed ethylene vinyl acetate price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Ethylene Vinyl Acetate Price
In the fourth quarter of 2023, the North American Ethylene Vinyl Acetate (EVA) market experienced weak demand from downstream industries, resulting in a bearish sentiment and a decrease in prices. Sufficient material availability and declining cost support from upstream also contributed to the price drop. However, the overall market outlook remained stable with no significant change in prices compared to the previous year.
Specific data on ethylene vinyl acetate prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Ethylene Vinyl Acetate Price
In Q4 2023, Ethylene Vinyl Acetate (EVA) market in the Middle East Asia region witnessed bearish sentiment with moderate demand from downstream industries. The decline in crude oil prices led to a decrease in production costs, impacting the prices. The demand from the downstream photovoltaic sector remained weak in Saudi Arabia. The latest price of EVA 28% FOB Al Jubail in Saudi Arabia for Q4 2023 was USD 1365/MT.
In addition to region-wise data, information on ethylene vinyl acetate prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Aisa Pacific Ethylene Vinyl Acetate Price
During Q4 2023, the Ethylene Vinyl Acetate (EVA) market in the Asia Pacific (APAC) region remained stable due to slow demand from downstream industries and sufficient material availability. The manufacturing plants were operating at moderate to high supply levels, and the demand from coatings and adhesives remained weak. South Korea witnessed a bearish market situation with low demand leading to a price decline of 1.3%. No major plant shutdowns were reported during the quarter.
This analysis can be further extended to include detailed ethylene vinyl acetate prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Ethylene Vinyl Acetate Price
The analysis of ethylene vinyl acetate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Ethylene Vinyl Acetate |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of ethylene vinyl acetate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting ethylene vinyl acetate price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the ethylene vinyl acetate industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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