Discover Ethylene Copolymers Market Upcoming Trends, Growth Drivers And Challenges – Forecast To 2025|Grand View Research, Inc.
The global ethylene
copolymers market is expected to be valued at USD 67.02 billion by 2025,
according to a new report by Grand View Research, Inc. increasing demand from
packaging industry is anticipated to favor market growth in the coming years.
In terms of revenue, ethylene vinyl
acetate (EVA) product type segment dominated the market in 2016 and is
anticipated to ascend at a CAGR of 6.9% over the next eight years. In the
packaging industry, EVA is widely used as shrinkage film as it contains a higher
percentage of anti-blocking additives as compared to polyethylene. It also has
the capability to provide low-temperature hot sealing, that enables energy
savings and fast packaging speed, which is, in turn, expected to fuel market
growth over the forecast period. Thus, the segment is anticipated to ascend at
a steady CAGR over the next eight years.
DuPont, Celanese Corporation, The Dow Chemical
Company, BASF SE, Sipchem, and USI Corporation are some of the key players in the global
market.
Browse Research
Report On ethylene copolymers Market:
The raw materials utilized for the manufacturing of
ethylene copolymers are governed by various organizations such as Occupational
Safety and Health Administration (OSHA) and the United States Environmental
Protection Agency (EPA). These organizations have also set various quality
standards for the raw materials and end products manufactured from ethylene.
EPA has levied strict regulations to encourage the production of
environment-friendly products, such as ethylene oxide, from ethylene.
Further key findings from the report suggest:
·
In terms of product type,
Ethylene-vinyl acetate (EVA) segment dominated the overall market in 2016 and
this trend is expected to continue over the forecast period
·
Asia Pacific is projected to
progress at the highest 6.8% CAGR over the forecast period. Rising food
consumption & technological innovations in countries such as China and
India are projected to benefit the market growth in the region over the next
eight years.
·
The global demand for hot melt
adhesive application was valued at USD 18.2 billion in 2016 and is anticipated
to ascend at a steady CAGR of 6.8% over the next eight years
·
The U.S. ethylene copolymers
market was valued at USD 8.2 billion in 2016 and is estimated to reach USD 14.6
billion by 2025
·
DuPont, Celanese Corporation,
The Dow Chemical Company, BASF SE, Sipchem, and USI Corporation are some of the
key players in the global market
The Asia Pacific region is expected to ascend at the highest
growth rate over the forecast period. Rising demand from the packaging
industry, in emerging economies such as India and China, is expected to drive
the market in the coming years. The Asia Pacific region is characterized by
rising awareness regarding various applications of ethylene copolymers.
Browse Press
Release of this report:
The U.S. market was valued at USD 8.24 billion in
2016. The demand for aseptic packaging in beverage application is anticipated
to ascend at a significant rate owing to the rising demand for plant-derived
beverages and lactose-free drinks. Packaging recyclability and cost benefits,
in terms of ambient storage and shipping, are projected to have a positive
impact on the U.S. packaging industry in the coming years. The growth of
packaging industry is, in turn, anticipated to boost the demand for ethylene copolymers
over the forecast period.
Grand View Research has segmented the
global ethylene copolymers market on the basis of application, type, end-use:
Application Outlook (Volume,
Kilotons; Revenue, USD Million; 2014 - 2025)
·
Hot melt adhesives
·
Asphalt modification
·
Thermo adhesive films
·
Others
Type Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
Ethylene vinyl acetate (EVA)
·
Ethylene ethyl acrylate (EEA)
·
Ethylene butyl acrylate (EBA)
·
Ethylene propylene
·
Others
End-use Outlook (Volume,
Kilotons; Revenue, USD Million; 2014 - 2025)
·
Packaging
·
Building & Construction
·
Automotive
·
Textiles
·
Others
Ethylene
Propylene (EP) copolymer is a type of synthetic rubber manufactured by
copolymerizing propylene and ethylene. The product also has elastic properties
and possesses exceptional resistance to UV radiations and electricity. It is
primarily used in weather stripping, radiator, electrical insulation, and
roofing membrane. The growth of automotive industry in certain regions, such as
India and China, is expected to propel the demand for ethylene copolymers over
the next eight years.
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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