Ethyl Vinyl Alcohol Copolymer Price In USA
- United States: 8740 USD/MT
In December 2023, the price of ethyl vinyl alcohol copolymer in the United States reached $8,740 per metric ton for Q4. Towards the end of the quarter, demand remained moderate amid stressed supply rates along the Mississippi River.
The latest report by IMARC Group, titled “ Ethyl Vinyl Alcohol Copolymer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of ethyl vinyl alcohol copolymer price trend. This report delves into the ethyl vinyl alcohol copolymer prices globally, presenting a detailed analysis, along with informative ethyl vinyl alcohol copolymer price chart. Through comprehensive ethyl vinyl alcohol copolymer price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the ethyl vinyl alcohol copolymer demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Ethyl Vinyl Alcohol Copolymer Prices December 2023:
- United States: 8740 USD/MT
- Japan: 8670 USD/MT
- Europe: 8670 USD/MT
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The study delves into the factors affecting Ethyl Vinyl Alcohol Copolymer price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Ethyl Vinyl Alcohol Copolymer Price Trend- Q4 2023
The global market for ethyl vinyl alcohol copolymer, a versatile polymer known for its exceptional barrier properties against gases and solvents, is experiencing notable growth. This surge in demand is largely attributed to the increasing need for high-performance packaging solutions across the food, pharmaceutical, and industrial sectors. Ethyl vinyl alcohol copolymer’s ability to extend product shelf life while ensuring the integrity and safety of the contents has made it a material of choice for manufacturers aiming to meet stringent packaging standards. The shift towards sustainable and recyclable packaging materials is also influencing the market positively, as ethyl vinyl alcohol copolymer can be engineered to be more eco-friendly without compromising on its barrier qualities. In the realm of pharmaceuticals, its application in blister packs and other medication containers underscores its critical role in preserving the efficacy and longevity of health-care products. Technological advancements in polymer processing and modification are expanding the applicability of ethyl vinyl alcohol copolymer, enhancing its compatibility with various fabrication methods and end-use requirements. Furthermore, the drive for customized and innovative packaging designs is propelling the adoption of ethyl vinyl alcohol copolymer, with manufacturers leveraging its flexibility and superior performance to achieve differentiation in the marketplace. The ongoing development of bio-based alternatives and improvements in recycling methodologies are set to further boost the market’s growth, aligning with global sustainability goals and consumer preferences for environmentally responsible products.
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. In the final quarter of 2023, the global market for Ethyl Vinyl Alcohol Copolymer (EVOH) experienced notable shifts across North America, Asia, and Europe, driven by a confluence of demand-side dynamics, feedstock price movements, and regulatory and environmental considerations. In North America, the EVOH market trended bearish to stable, with a significant price decrease attributed to a combination of moderate to low demand, particularly from the food packaging sector, and a shifting preference towards recyclable materials. This transition reflects a growing consumer and regulatory push for sustainability and the reduction of petrochemical-based packaging materials in favor of environmentally friendly alternatives. The temporary uptick in demand during the Thanksgiving holiday period was not sufficient to counterbalance the overall downward pressure on prices. Furthermore, feedstock ethylene prices experienced a decline, influenced by a reduction in upstream naphtha and crude oil prices, following resumed refinery operations and increased refining capacity, which contributed to the easing of cost support for EVOH production.
Similarly, the Asian and European markets for EVOH mirrored the North American trends, with prices witnessing a decline due to several overlapping factors. In Asia, the demand for EVOH softened, primarily due to decreased offtakes from the packaging industries amid a shift towards recyclable materials, coupled with stressed supply rates resulting from feedstock ethylene availability issues, notably impacted by plant shutdowns and supply chain disruptions, such as those following the Red Sea attacks. Europe, on the other hand, saw an even more pronounced decrease in EVOH prices, largely driven by reduced demand from regional packaging industries and a notable decline in feedstock prices. The European market’s downturn was further exacerbated by the EU council’s regulatory commitments under the PPWR (Packaging and Plastic Waste Regulation), aiming to significantly reduce and prevent plastic waste. These regulatory measures underscore a broader, region-wide initiative towards sustainability, influencing market demand for traditional petrochemical-based products like EVOH. Collectively, these factors across the three regions illustrate a market environment for EVOH characterized by evolving consumer preferences, regulatory pressures towards sustainability, and the critical role of feedstock availability and pricing dynamics, shaping the global EVOH market landscape in the last quarter of 2023.
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Key Points Covered in the Ethyl Vinyl Alcohol Copolymer Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Ethyl Vinyl Alcohol Copolymer Prices
- Ethyl Vinyl Alcohol Copolymer Price Trend
- Ethyl Vinyl Alcohol Copolymer Demand & Supply
- Ethyl Vinyl Alcohol Copolymer Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Ethyl Vinyl Alcohol Copolymer Price Analysis
- Ethyl Vinyl Alcohol Copolymer Industry Drivers, Restraints, and Opportunities
- Ethyl Vinyl Alcohol Copolymer News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- 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.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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