PUBLISHER: The Business Research Company | PRODUCT CODE: 1425448
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425448
Ethylene Copolymers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ethylene copolymers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ethylene copolymers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ethylene copolymers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Ethylene copolymers are flexible materials created through the copolymerization of ethylene and propylene, often combined with other chemical compounds, known for their excellent resistance to ozone and voltage. These copolymers are extensively employed in hot-melt adhesives and sealants due to their cohesive mechanics and adhesive properties.
The primary variations of ethylene copolymers include ethylene vinyl acetate copolymers, ethylene acrylic ester copolymers, ethylene acrylic ester terpolymers, and ethylene vinyl acetate terpolymers. Ethylene vinyl acetate copolymers are clear, flammable liquids produced by combining ethylene and vinyl acetate monomers. They find diverse applications such as hot melt adhesives, modifications in asphalt, thermo-adhesive films, and various others. Industries benefiting from these copolymers range across automotive, packaging, building and construction, textiles, food and beverages, among others, owing to their versatile utility.
The ethylene copolymers market research report is one of a series of new reports from The Business Research Company that provides ethylene copolymers market statistics, including ethylene copolymers industry global market size, regional shares, competitors with an ethylene copolymers market share, detailed ethylene copolymers market segments, market trends and opportunities, and any further data you may need to thrive in the ethylene copolymers industry. This ethylene copolymers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ethylene copolymers market size has grown strongly in recent years. It will grow from $50.43 billion in 2023 to $53.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. Historical growth can be attributed to the increasing demand for consumer electronics, the utilization of construction and infrastructure, the impetus from sustainability initiatives, the requirements for healthcare packaging, and the adherence to regulatory compliance and quality standards.
The ethylene copolymers market size is expected to see strong growth in the next few years. It will grow to $66.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth in the forecast period is driven by swift advancements in additive manufacturing, the need for customization and meeting high-performance standards, increased demand from the automotive industry, and a rising need within the packaging sector. Major trends expected during this period encompass strategic collaborations within the industry, the development of sustainable packaging solutions, and the expanding applications of additive manufacturing in construction and infrastructure projects.
The rising adoption of waste packaging recycling techniques, particularly through pyrolysis, is expected to significantly boost the demand for ethylene copolymers. These copolymers display superior compatibility with recycling processes, leading to the production of high-quality recycled products. Notably, countries like Ireland recycled 1,238,383 tons of packaging waste in 2021, with 18% of that volume involving the recycling of ethylene copolymers. This trend is poised to drive the growth of the ethylene copolymers market.
The growing inclination towards sustainable packaging solutions is anticipated to propel the demand for ethylene copolymers. These copolymers are sought after due to their biodegradable nature and recyclability, making them suitable for sustainable packaging materials like food wrappers and reusable shopping bags. Survey data from Trivium Packaging indicates that a significant percentage (82%) of consumers are willing to pay more for sustainable packaging, with a substantial majority (59%) actively seeking information on recyclability and sustainability in packaging choices.
Noteworthy advancements in technology are shaping the ethylene copolymers market. Industry leaders are focused on developing innovative techniques to fortify their position in the market. For instance, Lummus Technology LLC introduced Novolen PPure, a gas-phase polypropylene process designed to produce enhanced hydrogen response with catalysts and a variety of polymer-based products for automotive, healthcare, and food packaging. This innovation aims to offer significant energy savings in the production of ethylene copolymers.
Major companies are actively innovating and introducing new products to meet customer demands in the ethylene copolymers market. For instance, Smurfit Kappa Group launched E Compact 60, a lightweight film with a reduced environmental impact. This film, up to 30% lighter than traditional ones, minimizes packaging waste by up to 25% and is made from renewable materials. Its enhanced barrier properties protect against oxygen and light, thereby extending the shelf life of products by up to 30%, reducing food waste, and promoting sustainability in packaging.
In January 2021, SK Functional Polymer S.A.S., a French-based polymer manufacturing company, concluded the acquisition of Arkema S.A.'s functional polyolefins business for 335 million euros ($347.31 million). This strategic acquisition encompassed the purchase of ethylene copolymers and terpolymers, leveraging specialized technology related to specialty polyolefin production units located in France. These acquired assets find extensive application across diverse industries such as food packaging, automotive, cable, electronics, and coatings. Arkema S.A., a pioneering French-based company specializing in advanced chemical and material development and manufacturing, divested this segment as part of the acquisition, allowing SK Functional Polymer to augment its portfolio and technological capabilities in the production of specialty polyolefins, further strengthening its position in key industrial sectors.
Major companies operating in the ethylene copolymers market report are Dow Inc., Sipchem Company, USI Corporation, Celanese Corporation, Exxon Mobil Corporation, BASF SE, Wacker Chemie AG, Tosoh Corporation, Saudi Basic Industries Corporation, Repsol S.A., LyondellBasell Industries N.V., Benson Polymers Limited, rxchemicals.com, Dycon Chemicals, EXEN CHEM, N SHASHIKANT & CO, Triveni chemicals, AVH Polychem Private Limited, Sushila Parmar International Pvt. Ltd., Amatya Impex Private Limited, Jai Radhe Sales, Mitsui Chemicals, Sumitomo Chemical Co. Ltd., Wells Plastics Ltd., DuPont de Nemours Inc., Arkema, Braskem, Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, Ineos Group Limited, Lotte Chemical Corporation, and Reliance Industries Limited.
Asia-Pacific was the largest region in the global ethylene copolymers market in 2023. The regions covered in the ethylene copolymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ethylene copolymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ethylene copolymers market consists of sales of copolymers made of ethylene and acrylic acid (EAA) and methacrylic acid (EMAA). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.