EVA Foam Market
EVA Foam Market Study by Injection Foaming Molding, Extrusion Molding, and Compression Molding in Automotive, Medical, B&C, Textile & Sportswear, and Consumer Goods From 2024 to 2034
Analysis of EVA Foam Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
EVA Foam Market Outlook (2024 to 2034)
The global EVA foam market is approximated to touch a valuation of US$ 18.99 billion in 2024. The market has been forecasted to increase at 5.4% CAGR to achieve a value of US$ 32.2 billion by the end of 2034.
The worldwide solar power industry is expanding, which is positively affecting the demand growth for EVA (Ethylene Vinyl Acetate) foam. Governments from several countries are also investing in renewable energy as well as taking active initiatives for promoting it.
The application of EVA foam is increasing in this industry due to its low sunlight degradability and excellent radiation transmission characteristics; also, it serves as an encapsulating agent in solar modules. EVA foam is widely used in packaging as a cushioning and protective material. The product is utilized to package food, electronics, and medical supplies, and there is a growing global need for these kinds of packaging solutions.
East Asia is projected to hold 32.8% of the worldwide EVA foam market share in 2024 because of the increasing use in construction and building materials. Here, they are widely used for several purposes such as insulation, underlayment for flooring, soundproofing, and others.
The market in South Asia & Pacific is evaluated to expand at a noteworthy CAGR of 6.3% over the next ten years due to the growing adoption of EVA foam into packaging as they offer protective layers for sensitive as well as fragile products while being transported.
Based on end-use industry, the automotive segment is estimated to account for 26.6% global market share by 2034. The utilization of EVA foam is increasing in automotive because of its strong and long-lasting qualities and affordability. EVA foam is widely applicable on several usages such as bumpers, fenders, and interior parts including dashboards, door panels, headliners, and others.
| Report Attribute | Detail |
|---|---|
| EVA Foam Market Size (2024E) | US$ 18.99 Billion |
| Forecasted Market Value (2034F) | US$ 32.2 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.4% CAGR |
| East Asia Market Share (2024E) | 32.8% |
| North America Market Value (2024E) | US$ 6.09 Billion |
| South Asia & Pacific Market Growth Rate (2024 to 2034) | 6.3% CAGR |
| Padding Agent Segment Value (2034F) | US$ 8.69 Billion |
| Injection Foaming Molding Segment Value (2034F) | US$ 12.98 Billion |
| Key Companies Profiled | Foamtech Ltd.; Toray Plastics; Dow Inc.; Zotefoams; Trocellen; Primacel; Foam Creations; Carefoam; Armacell; Pop foam; ExxonMobil Corporation; Hanwha Total Petrochemical; EVA Essence Manufacturing; VersaFoam Innovations; BASF. |
EVA (ethylene-vinyl acetate foam) is a versatile and lightweight material used in various applications, from footwear to sports equipment. It is a lightweight and durable material that offers good cushioning and shock absorption properties, making it a popular choice for many different purposes.
EVA foam is made by combining ethylene and vinyl acetate under heat and pressure, resulting in a material that has a fine, uniform cell structure. The foam is typically available in a range of densities and thicknesses and can be easily cut, shaped, and formed using various tools and techniques.
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What are key properties that can propel the demand for the market?
It is renowned for its cushioning qualities, which make it perfect for use in the manufacturing of sporting and leisure goods including foam rollers, yoga mats, and workout mats. Due to its smooth and comfy texture, it is also employed in the creation of sandals, flip-flops, and other sorts of footwear. This material involved Polyurethane, polyolefin, and Polystyrene.
EVA is a popular material for use in arts and crafts projects, cosplay, and prop-making since it comes in a variety of thicknesses, densities, and colors. It is easily cuttable, moldable, and glueable, opening up a world of artistic possibilities.
Moisture resistance application in the marine sector
Due to its closed-cell foam structure, it becomes water and moisture-resistant. In addition, EVA foams have effective buoyancy due to their closed-shell structure. Their excellent buoyancy and water and moisture resistance make them very useful in the shipping and marine industries.
Moreover, with the addition of rubber and other polymeric materials the resilience and durability of these foams can be increased which could lead to their better quality and performance than rubber.
EVA foams also have strong resilience and insulating qualities in addition to the aforementioned characteristics. Due to the unique qualities of foams, they are used in a variety of sectors including the construction, building, and automotive seats.
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Emerging versatile material for the construction sector
The increasing urbanization has propelled the demand for these foams in the construction sector. These foams are often used in flooring mats that reduce fatigue and help prevent injuries. It’s also a great material to be used in insulation material in a building that shields against heat and cold. These are used in ceilings to avoid any leaks.
The medical advantage to diversify applications further
Due to ongoing research and development, EVA foams are being used extensively in orthopedic products including ortho-prostheses and orthopedic footwear. The market is expanding as a result of the expanding medical industry. EVA foams are employed in sports equipment in addition to the medical area because of their cushioning qualities, which are used in a variety of sports as supporters or padding agents.
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Competitive landscape highlights only certain players
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What are the challenges faced by manufacturers?
This foam is made from ethylene and vinyl acetate, which are obtained from petrochemicals. The availability and price of these raw materials can be affected by a variety of factors, such as global supply and demand, political instability, and environmental regulations. This foam production involves the quality control process where any deviation in temperature, pressure, or rations of chemicals can result in defects and affect the durability of these foams.
Moreover, this foam is not biodegradable and can take a long time to break down in landfills. Manufacturers must consider the environmental impact of their products and find ways to reduce waste and improve recycling efforts.
Even though this foam is lighter in weight its bulky nature of this foam makes transportation further challenging. Companies looking for minimizing the shipping cost to ensure the safe delivery of products.
The footwear industry is concentrating on producing shoes with EVA soles due to the orthopedic benefits and their waterproof nature. Therefore, increasing shoe sales will increase demand.
Key Players
Key participants identified in the global market include:
- Foamtech Ltd.
- Toray Plastics
- Dow Inc.
- Zotefoams
- Trocellen
- Primacel
- Foam Creations
- Carefoam
- Armacell
- Pop foam
- ExxonMobil Corporation
- Hanwha Total Petrochemical
- EVA Essence Manufacturing
- VersaFoam Innovations
- BASF
Regional Outlook
Western Europe is a prospective market area because it dominates the automotive sector. These foams have significant markets in areas like Asia Pacific, Japan, and MEA due to expanding construction and infrastructure development.
The government has been investing heavily in residential projects in North America as a result of the building industry's recent comeback; as a result, this region might be regarded as a developing market.
Recent Developments
- August 2019- Installed building products have announced the acquisition of Therm-con and Foamtech Inc. This acquisition is expected to add approximately USD 4.7 million of annual revenue.
- November 2022- Zotefoams acquires assets and IP rights of Refour ApS to widen its product portfolio of mono-material trays, and barriers in packaging technology for a circular economy. Mono packaging materials are composite alternatives to conventional options owing to prevalent stringent mandates for recycling.
Segmentation of EVA Foam Market Research
-
By Production Process :
- Injection Foaming Molding
- Extrusion Molding
- Compression Molding
-
By Application :
- Padding Agent
- Foam Packaging
- EVA Foam Tapes
- Parts & Components
- Gaskets
- Others
-
By End-Use Industry :
- Automotive
- Medical
- Building & Construction
- Textile & Sportswear
- Consumer Goods
- Others
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Production Process 6.2. End-User Industry 6.3. Application 7. Global Market Analysis and Forecast, By Production Process 7.1. Injection Foaming Molding 7.2. Extrusion molding 7.3. Compression molding 8. Global Market Analysis and Forecast, By End-User Industry 8.1. Automotive 8.2. Medical 8.3. Building and Construction 8.4. Textile & Sportswear 8.5. Consumer goods 8.6. Others 9. Global Market Analysis and Forecast, By Application 9.1. Padding agent 9.2. Foam packaging 9.3. tapes 9.4. Parts & Components 9.5. Gaskets 9.6. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. MEA 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. MEA Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Production Process, End-User Industry, and Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Foamtech Ltd. 20.2. Toray Plastics 20.3. Zotefoams 20.4. Trocellen 20.5. Primacel 20.6. Foam Creations 20.7. Carefoam 20.8. Armacell 20.9. Pop foam
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List Of Table
Table 1: Global Market US$ Bn Forecast by Region
Table 2: Global Market US$ Bn Forecast by Production Process
Table 3: Global Market US$ Bn Forecast by End-User Industry
Table 4: Global Market US$ Bn Forecast by Application
Table 5: North America Market US$ Bn Forecast by Country
Table 6: North America Market US$ Bn Forecast by Production Process
Table 7: North America Market US$ Bn Forecast by End-User Industry
Table 8: North America Market US$ Bn Forecast by Application
Table 9: Latin America Market US$ Bn Forecast by Country
Table 10: Latin America Market US$ Bn Forecast by Production Process
Table 11: Latin America Market US$ Bn Forecast by End-User Industry
Table 12: Latin America Market US$ Bn Forecast by Application
Table 13: Western Europe Market US$ Bn Forecast by Country
Table 14: Western Europe Market US$ Bn Forecast by Production Process
Table 15: Western Europe Market US$ Bn Forecast by End-User Industry
Table 16: Western Europe Market US$ Bn Forecast by Application
Table 17: Eastern Europe Market US$ Bn Forecast by Country
Table 18: Eastern Europe Market US$ Bn Forecast by Production Process
Table 19: Eastern Europe Market US$ Bn Forecast by End-User Industry
Table 20: Eastern Europe Market US$ Bn Forecast by Application
Table 21: East Asia Market US$ Bn Forecast by Country
Table 22: East Asia Market US$ Bn Forecast by Production Process
Table 23: East Asia Market US$ Bn Forecast by End-User Industry
Table 24: East Asia Market US$ Bn Forecast by Application
Table 25: South Asia & Pacific Market US$ Bn Forecast by Country
Table 26: South Asia & Pacific Market US$ Bn Forecast by Production Process
Table 27: South Asia & Pacific Market US$ Bn Forecast by End-User Industry
Table 28: South Asia & Pacific Market US$ Bn Forecast by Application
Table 29: MEA Market US$ Bn Forecast by Country
Table 30: MEA Market US$ Bn Forecast by Production Process
Table 31: MEA Market US$ Bn Forecast by End-User Industry
Table 32: MEA Market US$ Bn Forecast by Application
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Production Process
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-User Industry
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Production Process
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-User Industry
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Production Process
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-User Industry
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Production Process
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-User Industry
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Production Process
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-User Industry
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Production Process
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-User Industry
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Production Process
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-User Industry
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Production Process
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-User Industry
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What are the drivers of demand in this industry?
Properties like moisture resistance, lightweight, and durability are key drivers of demand in this industry.
Which region is likely to lead the market?
Western Europe is a prospective market area because it dominates the automotive sector owing to which demand for these foams.
What are segments covered under this report?
The report covers the production process, application, end users, and regions as segments.
EVA Foam Market