Product
Ethylene Vinyl Acetate Price Trend and Forecast
Ethylene Vinyl Acetate Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Ethylene Vinyl Acetate (EVA) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
Ethylene Vinyl Acetate (EVA) prices varied throughout the Asian market. During the first quarter, while the prices stood firm in the Chinese and Indian markets, they soared in Thai and Korean markets owing to intense domestic demands. The price of EVA averaged 2310 USD/MT FOB Bangkok in Thailand during the first quarter.
While in the Chinese market, EVA prices remained firm owing to the tight market supplies and rising petrochemical prices, providing the much-needed supply side support. However, the sluggish demand from the downstream sector because of the Chinese Lunar New Year celebrations coupled with the rising cases of covid-19 caused the prices to remain afloat despite the surging upstream cost support.
During the second quarter, crude oil prices surged due to the continuing geopolitical conflict which affected the petrochemical industry across Asia. The feedstock ethylene and acetic acid prices fell owing to the cautious trading activity in the Chinese market.
EVA prices rose slightly and then plateaued due to the buoyant demand from the photovoltaic cell industry despite the economic downturn. Feedstock ethylene prices averaged 1166-1176 USD/MT CFR Northeast Asia and 1216-1226 USD/MT CFR Southeast Asia in the said quarter, while acetic acid averaged 718 USD/MT.
Europe
The European EVA market is experiencing volatility due to the constricted supplies and surging prices owing to the global economic backlash unleashed by the Russian aggression in Ukraine. During the first quarter, EVA price trends tipped towards the higher side because of the soaring crude oil/natural gas prices, thereby affecting the prices of petrochemicals. Along with the high feedstock prices and sturdy demand for EVA foam from the downstream sectors, the prices averaged 5320 USD/MT FD Hamburg.
With the European embargo against Russia, Ethylene Vinyl Acetate prices reached a new maximum during the second quarter. The western retaliatory sanctions triggered an acute energy crisis in Europe, giving rise to unparalleled inflation. Prices exploded because of the heightened freight charges, tight supplies, and equally sturdy downstream demand. The price of feedstock acetic acid averaged 1851-1975 USD/MT, and that of ethylene averaged 1759-1768 USD/MT FD Northwest Europe during the second quarter.
North America
EVA prices remained inflated in the US domestic market throughout the first quarter. The solid demand from the textile and packaging sectors, coupled with the limited supply and inventories, provided the perfect momentum for prices to explode exponentially in the domestic market. The price of EVA averaged 2793 USD/MT FOB Texas during the said quarter.
The prices inclined steadily in the second quarter owing to the soaring crude oil and natural gas costs amid the European embargo on Russia. Many manufacturers enforced force majeure, which further caused the prices to rise domestically and internationally. The price of feedstock ethylene averaged FD 25.25 US Cents/lb in the said quarter.
Analyst Insight
According to Procurement Resource, are prices of EVA are expected to decrease in the coming months. The reduced offtakes, given the inflationary pricing, led to baulking of buyers in their respective markets. Also, the looming speculations of global recession amid the interest rate hikes by central banks worldwide negatively impacted the market dynamics.
Procurement Resource provides latest prices of Ethylene Vinyl Acetate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Ethylene Vinyl Acetate (EVA) is a thermoplastic polymer formed by copolymerization of ethylene and vinyl acetate. Owing to its highly versatile properties like elasticity, low-temperature toughness, and crack resistance, EVA finds its use in several industries like adhesives, packaging, lamination, sealants etc. Its elasticity or 'rubber-like' softness and flexibility are directly proportional to the concentration of vinyl acetate.
Hence, different grades of EVA can be made by harnessing this property. EVA foam is highly durable and has high resistance to many corrosive chemicals. EVA foam, by virtue of its properties, is used as a shock absorber in many sports and medical equipment.
Product Details
| Report Features | Details |
| Product Name | Ethylene Vinyl Acetate |
| HS CODE | 390130 |
| CAS Number | 24937-78-8 |
| Industrial Uses | Sealant in meat and dairy packaging, Lamination, Padding in equipment, Shock absorbers, Tires and wires, Adhesives,Photovoltaic cells, Footwear |
| Chemical Formula | (C2H4)n(C4H6O2)m |
| Synonyms | EVA, Polyethylene Vinyl Acetate, PEVA |
| Supplier Database | Lyondell Basel Industries, DuPont de Nemours Inc, Celanese Corporation, INEOS Group Ltd |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Ethylene Vinyl Acetate Production from Vinyl Acetate and Ethylene
Ethylene Vinyl Acetate is commonly produced by radical chain polymerization of ethylene and vinyl acetate at high temperatures (above 100°C) and pressure (15,000-30,000 psi). Large industrial scale production of EVA is carried out in bulk where vinyl acetate act as both a reactant and a solvent. The process involves a continuous flow reactor where the feedstocks are provided at multiple locations to keep the desired steady state of the reaction. This process requires a complex and expensive manufacturing setup; hence, it is used in bulk manufacturing.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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