Global Ethylene Copolymers market growth 2024, Forecast To 2033
4 Mar, 2024
The ethylene copolymers market size has demonstrated substantial growth in recent years, escalating from$50.43 billion in 2023 to$53.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. This growth in the historic period can be attributed to the demand from various sectors including consumer electronics, construction, sustainability initiatives, healthcare packaging, and regulatory compliance. Looking forward, the market is anticipated to witness robust growth, reaching$66.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. Factors driving this growth include rapid advancements in additive manufacturing, customization requirements, automotive industry demands, and increased packaging needs. Major trends in the forecast period involve strategic collaborations, sustainable packaging solutions, and applications in construction and infrastructure.
Global Ethylene Copolymers Market Key Driver
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 2021, Ireland recycled 1,238,383 tones of packaging waste out of which 18%, 225,000 tones of the packaging waste that was recycled in 2021. Therefore, increasing the adoption of waste packaging recycling is expected to drive the growth of the ethylene copolymers market. The ethylene copolymers market witnessed substantial growth in 2023, reaching a value of $XX billion, and this growth momentum is anticipated to continue through 2024 and extend into 2028.
Get A Free Sample Of The Global Ethylene Copolymers Market ReportGlobal Ethylene Copolymers Market Segments
The global ethylene copolymers market covered in this report is segmented –
1) By Type: Ethylene Vinyl Acetate Copolymers, Ethylene Acrylic Ester Copolymers, Ethylene Acrylic Ester Terpolymers, Ethylene Vinyl Acetate Terpolymers
2) By Application: Hot Melt Adhesives, Asphalt Modifications, Thermo Adhesive Films, Other applications
3) By End Users: Automotive, Packaging, Building and Construction, Textile, Food and Beverages, Other End Users
By Geography: The regions covered in the ethylene copolymers market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Ethylene Copolymers Industry Players
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, Reliance Industries Limited
Get The Full Global Ethylene Copolymers Market Report
Ethylene Copolymers Market Overview
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 utilized in hot-melt adhesives and sealants due to their mechanical cohesiveness and adhesive characteristics.
Ethylene Copolymers Global Market Report 2023 provides data on the global ethylene copolymers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ethylene copolymers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.