Ethylene Copolymer Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Ethylene Copolymer Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Ethylene Copolymer Market

The ethylene copolymer market size was valued at USD 45.0 billion in 2021, and the market is now projected to grow from USD 46.5 billion in 2022 to USD 61.1 billion by 2029, exhibiting a CAGR of 4.0% during the forecast period of 2022-2029.

Pandemic precipitated lockdowns in the US, India, and Germany, affecting raw material deliver and distribution. This affected ethylene copolymer manufacturers' sales technology. The automotive enterprise changed into critically affected, with manufacturing units shutting down and supply chain disruptions. Construction activities additionally halted, leading to decreased product intake. However, demand for adhesive-based totally packaging solutions multiplied for food, clinical system, surgical products, ventilators, and breathing luggage. Governments are actually imposing regulations to re-set up economies, and the growing automotive and construction industries are anticipated to guide ethylene copolymer market growth.

Ethylene copolymer consumption is on the rise because of the growing demand for packaging in industries like production, meals and beverage, customer goods, and electric and electronics. The shift closer to online purchasing and a wide fashion of products has additionally boosted packaging demand. Ethylene copolymers and terpolymers are used in warm soften adhesives because of their mechanical concord and adhesive houses, making them popular for packaging and labeling.

Ethylene Vinyl Acetate (EVA) foam is predicted to look a surge in consumption due to its tender, snug, and light-weight houses. It is good for manufacturing automobile seats, customer items, and collapsible furniture. The foam is likewise used in protecting clothing and sports activities merchandise like soccer, motor racing, and boxing. The material's biocompatibility and resistance to chemicals make it a famous desire for exercising mats, orthotic guide system, and orthopedic shoes. The growing cease-use industries will create beneficial possibilities for product adoption.

Comprehensive Analysis of Ethylene Copolymer Market

The ethylene vinyl acetate marketplace is labelled into various sorts, consisting of copolymers and terpolymers. Copolymers are the quickest-growing segment due to their incredible adhesion properties, making them popular within the automotive enterprise. The market is similarly divided into programs like hot melt adhesives, thermo adhesive movies, and asphalt amendment. Hot melt adhesives are gaining recognition in food packaging, lamination, and woodworking industries. The demand for EVA copolymer as a polymer modifier is anticipated to upward thrust in asphalt modification programs, improving rutting resistance and adhesive properties. Thermo adhesive films are also being adopted in various industries. Other segments include sealants, foam, coatings, and encapsulation. The packaging segment is projected to hold the largest share, driven by increasing demand from various industries. EVA foam is expected to drive product usage, while adhesive and sealant applications are expected to surge. Textiles, including EVA-based fibers, are used in aerospace, sensors, actuators, smart textiles, self-healing, and artificial muscles.

The Asia Pacific region lead the ethylene copolymer market share by benefitting a market size of USD 20.7 billion in 2021 due to the developing packaging enterprise in India and China, upcoming creation projects in residential and commercial buildings, and the rising populace and rapid economic improvement. This boom is predicted to make a contribution to the location's dominance inside the market.

The industry of polyethylene copolymers includes nearby and international manufacturers like DuPont, Exxon Mobil, SABIC, INEOS, and BASF. Key gamers are thinking about strategic alliances to steady a strong marketplace footing. In November 2020, INEOS Olefins and Polymers USA introduced the purchase of Sasol, acquiring its 50% hobby in Gemini HDPE. This acquisition aims to extend INEOS's scope in the uniqueness polyethylene marketplace of excessive molecular weight movie and strain pipe. Key organizations within the polyethylene copolymer market consist of DuPont, Tosoh Corporation, ExxonMobil, LG Chem, Sabic, INEOS Group Ltd, BASF SE, Redox, Dow Chemical Company, and Repsol.

In April 2021, Saudi Aramco announced that SABIC will manipulate marketing and sales of its polymer and petrochemical products, at the same time as additionally shifting duties for Pengerang Petrochemical Company to Aramco.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2018-2029

Base Year 2021

Estimated Year 2022

Forecast Period 2022-2029

Historical Period 2018-2020

Unit Value (USD Billion)

Segmentation By Type, Application, End-use, and Region

By Type Ethylene Vinyl Acetate Copolymers

Ethylene Acrylic Ester Copolymers

Ethylene Acrylic Ester Terpolymers

Ethylene Vinyl Acetate Terpolymers

Others

By Application Hot Melt Adhesives

Asphalt Modification

Thermo Adhesive Films

Others

By End-Use Packaging

Building & Construction

Automotive

Textiles

Others

By Region North America (By Type, by Application, by End-use, by Country)

U.S.

Canada

Europe (By Type, by Application, by End-use, by Country)

Germany

U.K.

France

Italy

Spain

Rest of Europe

Asia Pacific (By Type, by Application, by End-use, by Country)

Asia Pacific

China

India

Japan

South Korea

Rest of Asia Pacific

Latin America (By Type, by Application, by End-use, by Country)

Brazil

Rest of Latin America

Middle East & Africa (By Type, by Application, by End-use, by Country)

South Africa

Rest of Middle East & Africa

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