The global ethylene vinyl acetate market to grow at a CAGR of 3.88%
during the period 2017-2021 .
Global Ethylene Vinyl Acetate Market 2017-2021, has been prepared based
on an in-depth market analysis with inputs from industry experts. The
report covers the market landscape and its growth prospects over the
coming years. The report also includes a discussion of the key vendors
operating in this market. To calculate the market size, the report
considers the revenue generated by the sales of ethylene vinyl acetate
across various end-user segments.
The latest trend gaining momentum in the market is Capacity expansions
by major manufacturers. The global economic crisis (2008-2009) affected
the chemicals industry in the US, the largest consumer of chemicals. It
led to a series of crucial and strategic alliances across the linear EVA
market. Economies of scale in business can be attained by maintaining a
consistent demand for production and processing. Strategic alliances
among major suppliers and raw material producers create market drag.
According to the report, one of the major drivers for this market is
Emergence of Asia as a manufacturing hub of EVA-based footwear. Easy
availability of low-cost raw materials such as rubber, cotton, synthetic
leather, polyester, and leather; and cheap labor have led many shoe
manufacturers to relocate their production units to Asia, mainly China
and India. In 2016, North Asia was the largest manufacturer of footwear.
The region accounted for a market share of around 65%-70% in terms of
revenue and consumption. It accounted for 24% of the market by volume.
The region was…