Eva Resins & Films Market to Reach Valuation of ~US$ 7 Bn by 2028; Increased Focus on Renewable Energy to Propel Market Forward from 2020 to 2028

TMR

- Foams and solar cell encapsulation to be significant segments in the market over the forecast period

- Development of photovoltaic cells to push market on to a high growth trajectory

- Asia Pacific to witness notable growth in demand owing to implementation of programs and initiatives regarding harnessing and use of solar power

ALBANY, New York, June 2, 2020 /PRNewswire/ -- The global EVA Resins and Films market is anticipated to grow at a robust rate of 4.5% (in terms of value) from 2020 to 2028. It will drive up the market valuation to USD 7 billion (approximately) over this period. And, it is crucial to make note of the fact here that numerous factors are contributing to this growth trajectory.

As per Transparency Market Research, "One of the biggest reasons that are supporting increase in demand for EVA is its versatile functionality. This is what makes it fit for use in a number of applications. Additionally, its low cost and superior resistance also adds to the growing popularity."

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Key Findings of Global EVA Resins and Films Market Study:

• Solar cell encapsulation will hold a sizeable share of the market over the forecast period; it held more than half the share in 2019
• Used for protection of solar modules from water and dirt, and even vibration and shocks, EVA films are set to witness growth in demand
• The foams segment is anticipated to dominate the applications category over the forecast period owing to increase in demand for footwear
• Asia Pacific to be a notable market over the period, presenting players with new opportunities of growth

Explore 163 pages of top-notch research, incisive insights, and detailed country-level projections of EVA Resins & Films Market (Application: EVA Resins [Food & Beverage Packaging, Hot Melt Adhesives, Wires & Cables, Foams, Inks, Bitumen Additives & Asphalt Modifiers, Pharmaceutical, EVA Film Production, and Others] and EVA Films [Solar Cell Encapsulation {Thin-film Solar Cells and Crystalline Solar Cells}, Glass Lamination, Cosmetics, Agriculture, and Others]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2028, at https://www.transparencymarketresearch.com/pressrelease/eva-resins-films-market.htm