Major players in the ethylene copolymers market are Dow Inc., Sipchem Company, USI Corporation, Celanese Corporation, Exxon Mobil Corporation, BASF SE, Wacker Chemie AG, Tosoh Corporation, Saudi Basic Industries Corporation , Repsol SA, LyondellBasell Industries NV, Benson Polymers Limited, RXCHEMICALS, Dycon Chemicals, and EXEN CHEM.
The global ethylene copolymers market is expected to grow from $47.68 billion in 2023 to $50.67 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ethylene copolymers market is expected to reach $61.66 billion in 2027 at a CAGR of 5%.
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.
Ethylene copolymers are elastic materials formed by the copolymerization of ethylene and propylene, usually in conjunction with other chemical compounds, as these copolymers have good ozone and voltage resistance. Ethylene copolymers are commonly utilised in hot-melt adhesives and sealants due to their mechanical cohesiveness and adhesive characteristics.
Asia-Pacific was the largest region in the global ethylene copolymers market in 2022. The regions covered in the ethylene copolymers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of ethylene copolymers are ethylene vinyl acetate copolymers, ethylene acrylic ester copolymers, ethylene acrylic ester terpolymers, and ethylene vinyl acetate terpolymers.Ethylene vinyl acetate copolymers refer to a colorless, flammable, volatile liquid formed by the copolymerization of ethylene and vinyl acetate monomers.
These are applied in various applications such as hot melt adhesives, asphalt modifications, thermo adhesive films, and others, and are used in automotive, packaging, building and construction, textile, food and beverages, and others.
The increasing adoption of waste packaging recycling is expected to propel the growth of the ethylene copolymers market going forward.Waste packaging recycling is a technique of waste material recovery that transforms waste into new products, materials, or substances for those original uses or for other ones.
Packaging waste containing polymers and other materials can be recycled through the pyrolysis process, in which the waste is thermally cracked into fuels and chemicals.The rising adoption of waste packaging recycling leads to a growing demand for ethylene copolymers due to their superior compatibility activities and conversion into high-yielding recycled products.
For instance, in September 2022, according to a report published by the Environmental Protection Agency, a US-based executive agency working in environmental protection matters, in 2020, Ireland recycled 690, 613 tonnes of packaging waste out of which 32%, or 354, 365 tonnes, of the packaging waste that was recycled in 2020 was transferred to energy recovery facilities, such as municipal garbage incinerators or cement kilns that co-incinerate packaging material to produce energy; which was increased compared to 28% in 2018. Therefore, increasing the adoption of waste packaging recycling is expected to drive the growth of the ethylene copolymers market.
Technological innovations are a key trend gaining popularity in the ethylene copolymer market.Major players are concentrating their efforts on creating innovative technologies to sustain their position in the ethylene copolymers market.
For instance, in November 2022, Lummus Technology LLC, a US-based company specializing in the development of process technologies, launched a new range of polymer-based products, Novolen pure polypropylene (PP) technology.Novolen PPure is a gas-phase polypropylene process used to produce ethylene copolymers.
By giving an enhanced hydrogen response with the catalyst and a new variety of polymer-based products that are targeted at automotive, healthcare, and food packaging materials, this process technique seeks to offer significant energy savings.
In January 2021, SK Functional Polymer S.A.S., a France-based polymer manufacturing company, acquired the functional polyolefins business from Arkema S.A. for an amount of 335 million euros ($347.31 million). Through this acquisition, SK Functional Polymer would purchase ethylene copolymers and terpolymers that are produced using technology that is related to specialty polyolefin production units in France and are used in the food packaging, automotive, cable, electronics, and coatings industries. Arkema S.A. is a France-based specialty materials company pioneering in the development of advanced chemical and material development and manufacturing.
The countries covered in the ethylene copolymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
The ethylene copolymers market research report is one of a series of new reports 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.