Global EAA Polymer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global EAA Polymer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ethylene Acrylic Acid Copolymer (EAA) is a thermoplastic and very high adhesive material. EAA polymers have excellent heat sealability, tear resistance, adhesion, clarity, and toughness. EAA polymers are widely used in packaging, powder coating, adhesives, and more.

Market Overview:

The latest research study on the global EAA Polymer market finds that the global EAA Polymer market reached a value of USD 1055.63 million in 2022. It’s expected that the market will achieve USD 1351.51 million by 2028, exhibiting a CAGR of 4.2% during the forecast period.

Increased demand for EAA polymers in the packaging industry

Ethylene acrylic acid copolymer (EAA) has excellent thermal adhesive properties and physical properties and is widely used in the field of packaging materials. EAA resin is widely used in high-end flexible packaging fields such as food and medicine due to its excellent adhesiveness, heat sealability, and tear resistance. For example, EAA polymers are used in the production of aseptic liquid packaging, dry food packaging, and laminate tube container packaging, among others.
At present, in the global market, with the development of the economy, consumers' demand for various types of products is increasing. Meanwhile, the global online retail market continues to grow rapidly, driven by the popularity of the Internet and smartphones. Consumers are increasingly buying more goods online, creating an increasing demand for packaging solutions.
Hence, increasing demand for EAA polymers in the packaging industry is driving the growth of the EAA polymers industry.

Growing Coatings Demand

A polymer coat is a thin layer of coating or paint made of polymers that provides excellent adhesion and corrosion protection. EAA polymer has a large number of applications in the field of powder coatings. For example, EAA powder can be sprayed on the surface of pipes, steel, non-woven fabrics, and other materials as anti-corrosion materials. EAA is used in coatings for high-speed digital printing applications to improve the adhesion of liquid toner, and in inkjet, coatings to improve image quality. Currently, there is a growing demand for coatings in various applications in the global market. For example, coatings are widely used for protective and decorative purposes in various industries including construction, automotive, aerospace, and consumer goods. Increasing demand for coatings in the construction industry is one of the major factors driving the growth of the coatings market. Growing urbanization and rising construction activities, especially in emerging economies, are driving the demand for coatings.
Hence, the rising demand for coatings is driving the demand growth for EAA polymers in the coatings segment.

Region Overview:

In 2022, the share of the EAA Polymer market in North America stood at 33.54%.

Company Overview:

DuPont is one of the major players operating in the EAA Polymer market, holding a share of 25.88% in 2023.

DuPont is a global innovation leader, delivering technology-based materials and solutions that help transform industries and everyday life. DuPont's product portfolio includes specialty chemicals and downstream products serving the electronics and communications, automotive, construction, security and protection, and water management industries.

INEOS is a global manufacturer of petrochemicals, specialty chemicals, and petroleum products. INEOS has diversified its business in recent years with the launch of INEOS Automotive and INEOS Hygienics, the acquisition of iconic British brand Belstaff and its expanding sports portfolio. INEOS also includes consumer brands and sports brands.

Mitsui Chemicals is a chemical company that provides basic chemicals, petrochemicals, functional polymer materials, polyurethanes, processed products, and functional chemicals. Its products are used in mobility, healthcare, food and packaging, and basic materials businesses.

Segmentation Overview:

By type, Acrylic Acid Content (wt%) ≤10% segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Packaging, with a market share of 64.04% in 2022.

Key Companies in the global EAA Polymer market covered in Chapter 3:

DuPont
Exxon Mobil
SK Geo Centric (SKGC)
INEOS
Mitsui Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the EAA Polymer market from 2018 to 2029 is primarily split into:

Acrylic Acid Content (wt%) ≤10%
Acrylic Acid Content (wt%) >10%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the EAA Polymer market from 2018 to 2029 covers:

Packaging
Powder Coating
Adhesive
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)