Ethylene Vinyl Acetate (EVA) demand in India stood at 178 KTPA in 2019 and is expected to grow at a healthy CAGR during the forecast period. This demand can be attributed to the growing need for high impact strength-based product having crack resistant ability and tough nature etc. for various extrusion film processes. Its properties like low water absorption, good weatherability and easy processing also make it an ideal choice in manufacturing of footwears most commonly, sole, automobile bumpers, toys, flexible hose, molded automotive parts (car interior), flexible packaging, films and wire and electrical cables compounding etc.
Currently, Reliance Industries Limited is only manufacturer of EVA in India and the company had increased its installed capacity in 2017 at Dahej petrochemical complex to meet the growing domestic demand for EVA. The company uses LyondellBasell’s Lupotech T technology for EVA production. Hence, to fulfill the total market demand for EVA, India imports it from other global EVA manufacturers countries such as South Korea, Thailand, Belgium, Taiwan, France etc.
Years Considered for this Report
Historical Years2013 – 2018
Base Year2019
Estimated Year2020
Forecast Period2021 – 2030
Objective of the Study
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