Ethylene Vinyl Acetate Resins Market study applications types and market analysis including growth trends and forecasts to 2028
The global ethylene vinyl acetate resins market is projected to be valued at $15,300.3 million by 2028, rising from $8,893.9 million in 2020 at a remarkable CAGR of 6.9%. Impact Analysis of COVID-19 on the Ethylene Vinyl Acetate Resins Market The global market for ethylene vinyl acetate is anticipated to experience a healthy growth amidst the COVID-19 pandemic. The pandemic has halted the production in different industries around the world and disturbed the global supply chains. In industries were there was exemption from the lockdown the production was continued such as chemicals, and food processing where there is a high utilization of ethylene vinyl acetate during the pandemic period. Moreover, many organizations are utilizing new methodologies of operations such as use of AI artificial intelligence and industrial internet of things (IIOT) that will enable real-time monitoring and virtual control of production; these factors are expected to have a positive impact on the market g