Renewable EVA Resins Generate Revenue Streams in Footwear Production
Bio-based EVA (Ethylene Vinyl Acetate) resins are gaining popularity in children’s footwear segment. For instance, Braskem— a Brazilian petrochemical company, announced the launch of its EVA made from sugarcane and is acquiring applicability in automotive, footwear, and transportation sectors to develop its product portfolio in renewable chemicals segment. Such innovations are boosting the revenue of the global EVA resins & films market.
Renewable EVA resins & films are being highly publicized to reduce greenhouse gas emissions, since these resins capture the carbon dioxide (CO2) during its production process. Chemical companies are entering into strategic partnerships to introduce bio-based EVA resins in footwear for the production of insoles. Thus, companies in the EVA resins & films market are increasing their production capabilities to increase the availability of renewable chemicals that help save natural resources. Bio-based EVA resins & films are significantly reducing the carbon footprint in the environment.
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Solar Panel Manufacturers Make Design Improvements to Prevent Any Damages to EVA Films
The ever-evolving construction industry is creating value-grab opportunities for companies in the EVA resins & films market. As such, EVA laminated glass films have a stable demand in the construction industry. Likewise, EVA films are being extensively used as sealants in photovoltaic solar modules for the construction of solar panels. These laminating films help to capture the solar cells and keep them vacuumed under the panel. Thus, apart from cosmetics and agriculture, EVA resins & films are becoming increasingly commonplace in the solar industry.
EVA resins & films help to increase the durability and performance levels of solar panels. However, EVA films lacks resistance toward high temperatures and demands to be covered by a protective front glass in order to avoid any damages from occurring. Hence, solar panel manufacturers in the EVA resins & films market are becoming increasingly aware to float the EVA film between the front protective glass and the back sheet to prevent any damages that may be caused to solar panels.
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Italian Manufacturers Invest in R&D to Meet Extraordinary Project Requirements of Customers
Companies in the EVA resins & films market are investing in advanced extrusion lines to deliver high-quality products for customers. Moreover, manufacturers are increasing their research spending to understand the dynamics of quality control in products that suit specific requirements of clients. For instance, Satinal Group— an Italian pioneer of EVA-based interlayers, announced an investment of 1,500,000 EUR plant to expand their product portfolio in EVA resins & films.
A large share of EVA resin & film materials is sourced from Asian countries. However, companies in the Italy resins & films market are enhancing their production capabilities to meet extraordinary and innovative projects requirements of Italian customers. Companies in the EVA resins & films market are increasing their R&D activities to explore new glass processing methods. They are offering a wide variety in EVA interlayers for glass lamination applications.
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Companies Take Full Responsibility for Product Deliveries amidst COVID-19 Pandemic
The coronavirus (COVID-19) has become a global economic crisis for businesses in the EVA resins & films market. However, manufacturers are increasing efforts to keep their production activities and customer service as fully-operational amidst the pandemic. This is being achieved by complying with the regulations laid down by governments, as many countries are still registering a high rate of COVID-19 cases.
Companies in the EVA resins & films market are adopting the most stringent healthcare and safety measures during production processes. As coronavirus is subsiding in many countries, companies are taking full responsibility to deliver orders placed by its clients. Manufacturers are sourcing their raw materials in advance to avoid a shortage in the same.
