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Ethyl Vinyl Alcohol Copolymer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22532
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Ethyl Vinyl Alcohol Copolymer Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Ethyl Vinyl Alcohol Copolymer | Petrochemicals | USA | 8740 USD/MT |
| Ethyl Vinyl Alcohol Copolymer | Petrochemicals | Japan | 8670 USD/MT |
| Ethyl Vinyl Alcohol Copolymer | Petrochemicals | Europe | 8670 USD/MT |
The price of ethyl vinyl alcohol copolymer in the United States for Q4 2023 reached 8740 USD/MT in December. Towards the end of the quarter, the demand remained moderate amid stressed supply rates through the Mississippi River.
The price of ethyl vinyl alcohol copolymer in Japan for Q4 2023 reached 8670 USD/MT in December. The market demand in Japan remains low amid the affected supplies to the buyers due to supply chain disruptions after the Red Sea attacks in the Middle East region.
The price of ethyl vinyl alcohol copolymer in Europe for Q4 2023 reached 8670 USD/MT in December. The orders for ethyl vinyl alcohol copolymer sheets were stable from the food sector as the EU Council agreed on the packaging and plastic waste regulation (PPWR) commitment to reduce and prevent plastic waste and meet targets for 2030 and 2040.
Ethyl Vinyl Alcohol Copolymer Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Ethyl Vinyl Alcohol Copolymer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of ethyl vinyl alcohol copolymer pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of ethyl vinyl alcohol copolymer at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ethyl vinyl alcohol copolymer price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing ethyl vinyl alcohol copolymer price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Ethyl Vinyl Alcohol Copolymer Market Analysis
The global ethyl vinyl alcohol copolymer market size reached US$ 904.9 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1419.9 Million, at a projected CAGR of 5.10% during 2023-2032.
- The increasing demand for EVOH in the packaging applications that require pharmaceuticals, cosmetics, and food to remain fresh and uncontaminated represents one of the key factors influencing the growth of the market across the globe. This is primarily due to the exceptional barrier property of EVOH to gases like oxygen is driving its demand in the packaging industry. According to Invest India, packaging is currently the 5th largest sector in the Indian economy. India is a net exporter of packaging products and the largest exporter of sub-segments- Biaxially-oriented Polyethylene Terephthalate (BOPET) & Flexible Intermediate Bulk Container (FIBC).
- The rising awareness regarding food safety and quality standards among consumers is leading to greater use of effective packaging materials such as EVOH to prevent spoilage and ensure normal shell stability of perishable goods. According to the general instruction of the Food Safety and Standards Authority of India (FSSAI), packaging materials shall be suitable for the type of product, the conditions provided for storage, and the equipment for filling, sealing, and packaging of food as well as transportation conditions. Packaging materials shall be able to withstand mechanical, chemical, or thermal stresses encountered during normal transportation. In the case of flexible semi-rigid containers, overall packaging may be necessary.
- Improvements in multiplayer film technology allow for the efficient integration of EVOH layers into several packaging structures, enhancing their protective qualities without significant cost increases, thereby facilitating the market growth. For instance, Maine and Oregon became the first two US states to introduce extended producer responsibility (EPR) legislation for plastic packaging in 2021. These laws shift the responsibility of packaging waste management to producers rather than municipalities or individuals.
- The growing stringent regulations for packaging safety and sustainability are encouraging the adoption of high-performance materials such as EVOH, which comply with these regulations while offering recyclability and minimal environmental impact.
- The increasing demand for EVOH in the pharmaceutical sector, along with the rising need for high-barrier packaging to protect sensitive medical products from moisture and gases is driving the demand for EVOH in drug packaging.
Ethyl Vinyl Alcohol Copolymer News
The report covers the latest developments, updates, and trends impacting the global ethyl vinyl alcohol copolymer market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ethyl vinyl alcohol copolymer production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ethyl vinyl alcohol copolymer price trend.
Latest developments in the ethyl vinyl alcohol copolymer industry:
- In February 2024, a proposed methyl methacrylate (MMA) plant that Mitsubishi Chemical America plans to build in Louisiana has reached a couple of regulatory milestones, although the company has yet to announce a final investment decision (FID).
- In April 2023, Kuraray Co., Ltd. is partnering with PTT Global Chemical Public Company Limited (GC) and Sumitomo Corporations to open a manufacturing plant under the name of Kuraray GC Advanced Materials Co., Ltd., and Kuraray Advanced Chemicals (Thailand) Limited.
Product Description
Ethyl vinyl alcohol copolymer also known as EVOH refers to a synthetic polymer known for its exceptional barrier properties against gases such as carbon dioxide, nitrogen, and oxygen. This makes it highly valuable in the packaging industry, especially for food, cosmetics, and pharmaceuticals to ensure product freshness and extend shelf life.
EVOH is a copolymer of ethylene and vinyl alcohol, which is produced by hydrolyzing polyvinyl acetate into polyvinyl alcohol, followed by copolymerization with ethylene.
It is characterized by its transparency, flexibility, and resistance to oils and hydrocarbons. These properties make EVOH especially effective in multiplayer packaging applications, where it is employed as a thin layer sandwiched between other materials to enhance the product the barrier against moisture and gases.
The use of EVOH can significantly improve the presentation of packaged goods while maintaining their safety and quality.
Regional Coverage
The report provides a detailed analysis of the ethyl vinyl alcohol copolymer market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ethyl vinyl alcohol copolymer price trend.
Global Ethyl Vinyl Alcohol Copolymer Price
The report offers a holistic view of the global ethyl vinyl alcohol copolymer pricing trends in the form of ethyl vinyl alcohol copolymer price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of ethyl vinyl alcohol copolymer but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ethyl vinyl alcohol copolymer demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Ethyl Vinyl Alcohol Copolymer Price
The European region in the ethyl vinyl alcohol copolymer market experienced a bearish trend. There was a decrease in demand from regional packaging industries amid switching buyer interest toward recyclable materials and reductions in the use of petrochemical based EBOH for food packaging purposes which led to lower offtakes. The cost support from the feedstock ethylene decreased due to reduced offtakes from glycol industries and increased availability of inventory. Similarly, the decline in prices of feedstock vinyl alcohol also impacted the production cost of EVOH.
This analysis can be extended to include detailed ethyl vinyl alcohol copolymer price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| 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, among other European countries. |
North America Ethyl Vinyl Alcohol Copolymer Price
In North America, the ethyl vinyl alcohol copolymer market experienced a bearish to stable trend. The price of EVOH decreased in the fourth quarter of 2023 compared to the previous quarter. Primarily, the demand for EVOH remained low to moderate for food packaging purposes due to moderate orders for packaged food amid an increase in food inflation in the region. The shift in buyers' interest towards recycling and materials and reductions in the use of petrochemical based ethylene vinyl alcohol copolymer for food packaging negatively impacted the offtakes.
Specific ethyl vinyl alcohol copolymer historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Ethyl Vinyl Alcohol Copolymer Price
The report explores the ethyl vinyl alcohol copolymer pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on ethyl vinyl alcohol copolymer prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Ethyl Vinyl Alcohol Copolymer Price
The ethyl vinyl alcohol copolymer pricing in the Asia Pacific region witnessed a decrease compared to the previous quarter of the year. At the beginning of the quarter, the inventories were adequately available in the market, while the cost support declined from the feedstock ethylene during the month due to reduced offtakes from glycol industries. This decline was mainly driven by increased inventory levels and declined demand from packaging industries amid switching buyer interest towards recyclable materials and reductions in the use of petrochemical based EVOH for food packaging purposes.
This ethyl vinyl alcohol copolymer price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Ethyl Vinyl Alcohol Copolymer Price
The analysis of ethyl vinyl alcohol copolymer prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Ethyl Vinyl Alcohol Copolymer |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Ethyl Vinyl Alcohol Copolymer Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of ethyl vinyl alcohol copolymer pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting ethyl vinyl alcohol copolymer price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ethyl vinyl alcohol copolymer price charts ensure our clients remain at the forefront of the industry.
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- Speak to our experienced analysts for insights on the current market scenarios.
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- For further assistance, please connect with our analysts.
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