The global EVA market is forecast to register a CAGR of 5.14% during the period 2016-2020, as per MarketStudyReport.com. EVA is produced by the copolymerization of 90%-60% ethylene and 10%-40% vinyl acetate. EVA is tough and elastic and is three times more flexible than its counterparts such as LDPE. Excellent barrier properties, waterproof properties, stress-crack resistance, and low-temperature toughness are some of the other properties of EVA. EVA is used for the production of hot-melt adhesives. It is also used in biomedical engineering for the manufacture of drug delivery devices. EVA is also known as foam rubber or expanded rubber and used in sports shoes as a shock absorber. The foam is also used as a padding in sports equipment such as boxing gloves, helmets, ski boots, wakeboard boots, fishing reel handles, fishing rods, and hockey pads.