The development trend of global EVA foam materials, According to market research, by 2023, the global EVA market is expected to reach $11.4 billion, with a compound growth rate of 5.1% during 2015-2023.

 

Foamy eva is a copolymer of ethylene-vinyl acetate in which the content of vinyl acetate ranges from 1% to 40%. In addition to excellent mechanical properties such as high bond strength, good elasticity, high elongation at break and good impact resistance, EVA also has excellent resistance to environmental stress like anti-cracking, puncture resistance and UV radiation resistance. Based on the above good performance, EVA is widely used in photovoltaic modules, films, foam materials, hot melt adhesives, cables and other fields.

 

The two most widely used areas of EVA foam are the packaging of solar modules and shoe materials. In 2014, the Asia-Pacific market accounted for about 35% of the global market share, and during 2015-2023, due to rising demand in the Indian, Japanese and Chinese markets, the Asia-Pacific market will remain the fastest growing demanding market. China is expected to be the largest consumer market for EVA by 2023, as China is the largest producer of photovoltaic products and footwear.