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.
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.
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.
Access Research Report of Ethylene Copolymers Market @ http://www.grandviewresearch.com/industry-analysis/ethylene-copolymers-market
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
Grand View Research has segmented the
global ethylene copolymers market on the basis of application, type, end-use,
and region:
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
Regional Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.
