Ethylene Vinyl Acetate Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Ethylene Vinyl Acetate Market in 2025 is assessed at USD 9.62 billion. The global Market size was worth more than USD 9.45 billion in 2024 and is poised to witness a CAGR of over 2.3%, crossing USD 12.7 billion revenue by 2037. Asia Pacific is on pace to garner USD 4.45 billion by 2037, driven by rise of customized food packaging in the food industry and rising exports of food products.
The major factor driving the market revenue is the growth in demand for solar energy. In 2022, the production of global solar PV ascended by a record of close to 269 TWh (up about 25%), reaching approximately 1 299 TWh. Hence, the market demand is also estimated to surge. EVA is part of a solar module that ceases moisture and airborne particles from entering the solar cells and deteriorating them.
Additionally, owing to the rising emission of greenhouse gases the emphasis on solar energy production is growing. Utility-scale solar electricity creates from 394 to 447 MWh per acre each year, in accordance with recent data. Thus, one acre of solar panels with zero emissions decreases carbon dioxide emissions by approximately 121 and 138 metric tonnes annually. As a result, even governments all across the world are encouraging the adoption of solar energy. Therefore, with the growing demand for solar energy, the ethylene vinyl acetate market demand is also rising.
