Saudi Arabia Ethylene Vinyl Acetate Copolymer Market Size & Outlook
Saudi Arabia ethylene vinyl acetate copolymer market, 2016-2027 (US$M)
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Saudi Arabia ethylene vinyl acetate copolymer market highlights
- The Saudi Arabia ethylene vinyl acetate copolymer market generated a revenue of USD 325.6 million in 2019 and is expected to reach USD 407.2 million by 2027.
- The Saudi Arabia market is expected to grow at a CAGR of 2.8% from 2020 to 2027.
- In terms of segment, vinyl acetate modified polyethylene was the largest revenue generating type in 2019.
- Thermoplastic Ethylene-Vinyl Acetate is the most lucrative type segment registering the fastest growth during the forecast period.
Ethylene vinyl acetate copolymer market data book summary
| Market revenue in 2019 | USD 325.6 million |
| Market revenue in 2027 | USD 407.2 million |
| Growth rate | 2.8% (CAGR from 2019 to 2027) |
| Largest segment | Vinyl acetate modified polyethylene |
| Fastest growing segment | Thermoplastic Ethylene-Vinyl Acetate |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vinyl Acetate Modified Polyethylene, Thermoplastic Ethylene-Vinyl Acetate, Ethylene Vinyl Acetate Rubber |
| Key market players worldwide | Exxon Mobil Corp, Dow Inc, LyondellBasell Industries NV Class A, Eastman Chemical Co, Arkema SA, Celanese Corp Class A, TotalEnergies SE, Braskem SA ADR, LG Chem, Lotte Chemical, Dairen Chemical Corporation |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 4.3% of the global ethylene vinyl acetate copolymer market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, Saudi Arabia ethylene vinyl acetate copolymer market is projected to lead the regional market in terms of revenue in 2027.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 407.2 million by 2027.
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Ethylene Vinyl Acetate Copolymer Market Scope
Ethylene Vinyl Acetate Copolymer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia ethylene vinyl acetate copolymer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ethylene vinyl acetate copolymer market will help companies and investors design strategic landscapes.
Vinyl acetate modified polyethylene was the largest segment with a revenue share of 58.32% in 2019. Horizon Databook has segmented the Saudi Arabia ethylene vinyl acetate copolymer market based on vinyl acetate modified polyethylene, thermoplastic ethylene-vinyl acetate, ethylene vinyl acetate rubber covering the revenue growth of each sub-segment from 2016 to 2027.
Saudi Arabia has some of the has some of the greatest potential for setting up solar power facilities due to favorable climatic conditions and a vast area of open desert for setting up solar-panel arrays. In January 2021.
during the 11th session of the General Assembly of the International Renewable Energy Agency (IRENA), Saudi Arabia highlighted its aim to generate 50% of the nation’s power needs using renewable energy by 2030.
In July 2021, Saudi Aramco partnered with ACWA Power and Water & Electricity Holding Co. to develop a USD 903 million solar PV plant in Sudair. This project is expected to drive the market for EVA copolymer in solar cells encapsulation application.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia ethylene vinyl acetate copolymer market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ethylene vinyl acetate copolymer market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ethylene vinyl acetate copolymer market size, by type, 2016-2027 (US$M)
Saudi Arabia Ethylene Vinyl Acetate Copolymer Market Outlook Share, 2019 & 2027 (US$M)
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