Global Ethylene Copolymers Market By Type (Ethylene vinyl acetate (EVA), Ethylene Butyl acrylate (EBA), Ethylene ethyl acrylate (EEA), By Application (Hot melt adhesives, Asphalt modification, Others), By End-use (Packaging, Building & Construction, Automotive, Textiles, Others) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032
- Published date: May 2023
- Report ID: 38154
- Number of Pages: 283
Ethylene Copolymers Market Overview:
The global market for ethylene copolymers was worth USD 45,439.3 million in 2021. It is projected to grow at a CAGR of 3.7%, between 2023 and 2032.
The market growth is expected to be boosted by the inherent advantages of ethylene copolymers and the global growth of the packaging industry over the forecast period.
Global Ethylene Copolymers Market Scope:
Ethylene Vinyl Acetyl is also called EVA. It is a copolymer made of ethylene & vinyl acetate. Due to the higher proportion of anti-blocking ingredients than polyethylene, this product is used widely in the packaging of food as shrinkage films.
Ethylene Ethyl Arylate (EEA), provides outstanding bonding & toughness, as well as improving material formability. Ethylene Ethyl Acrylate improves the effect of PE & PET as well as PVC & PP. It is used primarily in cosmetic packaging, skincare, and food & drink packaging.
Ethylene butyl acetate (EBA), is used in a variety of packaging applications, including carton and folding boxes, yogurt labeling, & bottle labeling. Over the forecast period, the EBA copolymer market will be driven by the growing global packaging industry and increasing food demand.
Ethylene propylene is a type of synthetic rubber made by propylene copolymerizing with ethylene. It is elastic and has special resistance to electricity and UV radiations. It is used primarily in roofing membrane, weather stripping, insulation, and electrical insulation.
Hot melt adhesive was the most popular application segment. It is expected to remain dominant from 2017 through 2025.
EVAs are used mainly in the modification of asphalt because they can reduce crystallization & increase polarity, which improves storage stability. Ethylene copolymers act as a tough, rigid network that resists deformation & increases rutting resistance.
It plays an important part in films of thermo adhesive because it can bond various solid substrates like metal foils and textiles. EVA is also soft and flexible, which allows for well mechanical adhesion to fibrous substrates.
Ethylene copolymers can be used in the packaging of food due to their superior things, like toughness or flexibility. Over the estimated period, the ethylene copolymers market will be driven by increasing convenience and packaged food. Due to the stability of the economy and the growth of the working class, Asia Pacific will be the leading packaging market in the next few years.
These glue sticks are made from EVA-based glue and create strong bonds. Due to the economic recovery & favorable regulations, the industry of construction is experiencing growth around the world. This will in turn boost the segment of construction adhesive over the estimated period.
Кеу Маrkеt Ѕеgmеntѕ:
- Ethylene vinyl acetate (EVA)
- Ethylene ethyl acrylate (EEA)
- Ethylene Butyl acrylate (EBA)
- Ethylene Propylene
- Hot melt adhesives
- Asphalt modification
- Thermo adhesive films
- Building & Construction
Ethylene is polymerized with various molecules like vinyl, butyl and ethyl to create complex copolymers that are used in many industries, including automotive and packaging. Market growth is predicted to be driven by increasing acceptance of waste packaging recycling as an eco-friendly activity over the estimated period.
In 2016, the U.S. market was worth USD 8.24 billion. Due to the rising demand for plant-derived beverages as well as lactose-free beverages, the demand for aseptic packaging for beverage applications will increase at a rapid pace. The U.S. packaging industry will benefit from increased recyclability and lower shipping costs in the future. Over the forecast period, the growth of the packaging sector is predicted to increase the demand for ethylene copolymers.
Because of its superior adhesion and mechanical cohesion, the product is widely used in hot melt adhesives and sealants manufacturing. The product has many benefits, including heat stability, heat resistance, and formulation flexibility. It also offers chemical reactivity and adhesion to difficult surfaces. It is used in many industries, including packaging, textile, building & construction, and automotive.
Globally, the market is dominated by large players that are focused on R&D. The distribution channels of companies involved in the manufacture of ethylene copolymers around the world will increase their profit margins. Companies can also meet customer demands quickly by having their own distribution channels.
North America is a dominant market player, accounting for over 40.0% of global revenue in 2021. Canada produced 913,500 vehicles in 2015. In 2016, the volume grew to more than 1,993,10. Over the estimated period, product demand will be driven by the growing automotive industry in Canada. The compound also emits low levels of volatile organic compounds (VOC). The North American market is driven by more demand from Canada and the U.S.
Market demand has increased due to the increasing popularity of outsourcing in Europe, especially in countries with strong economies like Germany. Regional companies face many challenges, including overcapacity and slow approvals of drugs by regulatory agencies.
Key Regions and Countries covered іn thе rероrt:
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- South Africa
- Rest of MEA
Companies invest in research and development activities, such as the development of technical expertise, new equipment development, and the establishment of research partners. These partners help companies to develop innovative solutions. These activities are designed to increase market share by promoting innovative product development.
Маrkеt Кеу Рlауеrѕ:
- Celanese Corporation
- The Dow Chemical Company
- BASF SE
- USI Corporation
- Wacker Chemie AG
- Other Key Players
For the Ethylene Copolymers Market research study, the following years have been considered to estimate the market size:
Attribute Report Details
Short Term Projection Year
Long Term Projection Year
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
North America, Europe, Asia-Pacific, South America, Middle East & Africa
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)What is the size of the ethylene copolymers market in 2021?
The ethylene copolymers market size is estimated to be US$ 45,439.3 million in 2021.What is the projected CAGR at which the ethylene copolymers market is expected to grow at?
The ethylene copolymers market is expected to grow at a CAGR of 3.7% (2023-2032).List the segments encompassed in this report on the Ethylene copolymers market?
Market.US has segmented the ethylene copolymers market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Type, market has been segmented into Ethylene vinyl acetate (EVA), Ethylene Butyl acrylate (EBA), Ethylene ethyl acrylate (EEA), Ethylene Propylene, Others. By Application, the market has been further divided into Hot melt adhesives, Asphalt modification, Thermo adhesive films, Others. By End-use, the market has been further divided into Packaging, Building & Construction, Automotive, Textiles, Others.List the key industry players of the Ethylene copolymers market?
DuPont, Celanese Corporation, The Dow Chemical Company, BASF SE, Sipchem, USI Corporation, Wacker Chemie AG, Other Key Players are the key vendors in the ethylene copolymers market engaged in the Ethylene copolymers market.Which region is more appealing for vendors employed in the Ethylene copolymers market?
North America accounted for the highest revenue share of 40.0%. Therefore, the Ethylene copolymers industry in North America is expected to garner significant business opportunities over the forecast period.Name the key areas of business for Ethylene copolymers?
U.S., Germany, U.K., China, & India, are key areas of operation for Ethylene copolymers Market.Which segment accounts for the greatest market share in the Ethylene copolymers industry?
With respect to the Ethylene copolymers industry, vendors can expect to leverage greater prospective business opportunities through the Hot melt adhesive segment, as this area of interest accounts for the largest market share.
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