According to a recently released analysis on the ethylene vinyl alcohol (EVOH) market, the global market will rise 4.9% year over year (YoY) to reach US$ 863 million by the end of 2021.
The downstream form sub-segment for films and sheets increased by 5.7% to US$ 443.2 million in 2021. The main driver of market revenue was EVOH demand for packaging end use, which is anticipated to reach US$ 992.3 million by 2032.
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Market Frontrunners
- Soarnol (Mitsubishi Chemical Corporation)
- Kuraray
- Chang Chun Group
- NSB Polymers
- SK Functional Polymers
- Reliance Industries Limited
Key Market Imperative
Key EVOH manufacturers should focus on global leadership in innovative solutions by leveraging their R&D capabilities to enhance their geographical reach and appeal to a much wider audience base.
Market players are concentrating more on well-established distributors and offering them higher profit margins to push their products into the market. Companies should focus on product line extension in untapped markets and look to expand their presence in untapped segments to generate revenue-generating opportunities in the short term with its continued usage, especially in fresh and processed food.
By utilizing their R&D capabilities to expand their product lines, encouraging commercial excellence and value-based product positioning, ethylene vinyl alcohol manufacturers should concentrate on achieving global leadership in innovative EVOH solutions.
Industry Research
- By Grade :
- Standard EVOH
- Specialty EVOH
- By Downstream Form :
- Films & Sheets
- Co-extruded
- Laminated
- Fuel Tanks & Containers
- Pipes & Tubes
- Bottles & Pouches
- Others
- Films & Sheets
- By End Use :
- Packaging
- Food & Beverages
- Fresh Produce
- Bakery & Confectionery
- Processed Food
- Pharmaceuticals
- Cosmetics
- Others
- Food & Beverages
- Industrial
- Gasoline Tanks
- Protective Membranes
- Piping Systems
- Landfill Covers
- Others
- Packaging
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South-East Asia & Oceania
- Middle East & Africa
The global Ethylene vinyl alcohol (EVOH) market report answers numerous pertinent questions, some of which are:
- What are some of the latent areas of investments in the market?
- Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
- What trends are likely to change the status quo of the positions held by leading players of the market in the not-so-distant future?
- Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the market?
- What are the strategies adopted by top players to retain their stronghold in the market?
- Which strategic moves will new entrants adopt to gain a strong foothold in the market?
- What are COVID-19 implications on the market and learn how businesses can respond, manage, and mitigate the risks?
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