Global Ethylene Acrylic Acid (EAA) Copolymer Market, By Type (20wt% Comonomer, 9wt% Comonomer, 5wt% Comonomer), Product Type (Extrusion Grade EAA Copolymer, Injection Grade EAA Copolymer), Category (Higher Melt Index, Lower Melt Index), Application ( Adhesives, Barrier Coatings, Inks, Others) – Industry Trends and Forecast to 2030.
Ethylene Acrylic Acid (EAA) Copolymer Market Analysis and Size
Ethylene acrylic acid (EAA) copolymer consists of ethylene and acrylic acid and also contains properties of both these compounds. The ethylene acrylic acid compound is divisible in aqueous alkali and amines. Ethylene acrylic acid resins offer exceptional adhesion to polar substrates with no need for primers. Ethylene acrylic acid is employed in applications such as dry-food and laminated tube container packaging, liquid aseptic and cable shielding.
Data Bridge Market Research analyses that the ethylene acrylic acid (EAA) copolymer market which was USD 57.32 million in 2022, will reach USD 118.73 million by 2030, and is expected to undergo a CAGR of 9.53% during the forecast period 2022-2030. “20wt% Comonomer” dominates the type segment of the global ethylene acrylic acid (EAA) copolymer market by their versatile properties such performance and versatility, scientific studies and recommendations, marketing and promotion, consumer preference and perception properties. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Ethylene Acrylic Acid (EAA) Copolymer Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volume in Units, Pricing in USD
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Segments Covered
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Type (20wt% Comonomer, 9wt% Comonomer, 5wt% Comonomer), Product Type (Extrusion Grade EAA Copolymer, Injection Grade EAA Copolymer), Category (Higher Melt Index, Lower Melt Index), Application (Adhesives, Barrier Coatings, Inks, Others)
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Countries Covered
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(U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)
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Market Players Covered
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Dow(U.S.), DuPont (U.S.), Arkema (France), Exxon Mobil Corporation (U.S.), Honeywell International Inc.(U.S.), BASF SE(Germany), Entec Polymers(U.S.), SK global chemical Co., Ltd.( South Korea), Merck KGaA (Germany), Lotryl (France), Michelman, Inc. (U.S.), KPL International Limited (India), Jiangsu Victory Chemical Co., Ltd. (China), NIPPON SHOKUBAI CO., LTD.(Japan), Anhui Sinograce Chemical Co., Ltd. (China)
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Market Opportunities
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Market Definition
Ethylene acrylic acid (EAA) is a copolymer composed of ethylene and acrylic acid monomers. It is a type of thermoplastic material that possesses a combination of properties from both ethylene and acrylic acid. The copolymerization of these two monomers results in a material with enhanced chemical and thermal resistance, good adhesion properties, and excellent barrier properties against moisture and gases.
Global Ethylene Acrylic Acid (EAA) Copolymer Market Dynamics
Drivers
- Increasing Demand in Packaging Industry
EAA's excellent adhesion properties, barrier properties, and moisture resistance make it a preferred material for packaging applications. The growing demand for flexible packaging, especially in the food and beverage industry, is driving the demand for EAA. The EAA region has witnessed steady economic growth, leading to an expansion in various industries such as food and beverage, healthcare, consumer goods, and e-commerce. These industries rely heavily on packaging to protect and market their products, thereby driving the demand for packaging materials and solutions.
- Growth in Automotive Sector
EAA's use in automotive applications, such as interior trim components, adhesives, and coatings, is driven by the expansion of the automotive industry. The need for lightweight materials with good adhesion and corrosion resistance is boosting the demand for EAA. Economic growth in many countries within the EAA region has resulted in increased consumer purchasing power. As a result, there is a greater demand for automobiles, both for personal and commercial use. This has driven the growth of the automotive sector as more people can afford to buy vehicles.
- Advancements in Technology
Technological advancements in EAA production, processing, and applications are expanding its potential uses. New formulations, improved properties, and enhanced performance characteristics are driving the adoption of EAA in various industries. The EAA region has seen rapid progress in information technology and digitalization. This includes the adoption of cloud computing, big data analytics, artificial intelligence (AI), and Internet of Things (IoT) technologies. These advancements have driven digital transformation across industries, improving operational efficiency, data management, customer experience, and decision-making processes.
Opportunities
- Growing Sustainable Packaging Solutions
The increasing demand for sustainable packaging materials presents an opportunity for EAA. As an environmentally friendly polymer, EAA can contribute to the development of eco-friendly packaging solutions, reducing reliance on non-recyclable materials. There is a rising demand for packaging materials that are biodegradable and compostable. These materials, such as plant-based bioplastics, bio-based films, and paper-based packaging, offer reduced environmental impact compared to traditional plastics. They can break down naturally over time, reducing waste and pollution.
- Research And Development
Continued research and development efforts can lead to the discovery of new formulations and applications for EAA. This can open up new markets and expand the potential uses of EAA beyond its current applications. Research and development in the energy and environment sector are crucial for addressing sustainability challenges. The EAA market is investing in renewable energy technologies, energy storage systems, smart grid solutions, and sustainable infrastructure development. R&D efforts also focus on environmental conservation, climate change mitigation, and waste management to promote a greener and more sustainable future.
Restraints/Challenges
- Competition from Alternative Materials
EAA faces competition from alternative polymers and materials that offer similar properties. Manufacturers of EAA need to demonstrate its unique advantages and address specific application requirements to stay competitive in the market. Bioplastics, derived from renewable resources such as cornstarch, sugarcane, or cellulose, are gaining popularity as an alternative to traditional petroleum-based plastics. Bioplastics offer advantages such as reduced carbon footprint, biodegradability, and compostability. They are being used in packaging, disposable cutlery, food containers, and other applications.
- Limited Awareness and Education
Despite its versatile applications, EAA may still be relatively unknown to some industries or end-users. Limited awareness and understanding of its properties and benefits can hinder its wider adoption and growth potential.Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.
This global ethylene acrylic acid (EAA) copolymer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global ethylene acrylic acid (EAA) copolymer market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In October 2019, Arkema invest approximately USD90 million positions Clear Lake as one of the most competitive acrylic acid sites in the United States
- In Feburary 2017, the SK Innovation announced that it will buying Dow Chemical’s ethylene acrylic acid (EAA) unit for $370 million
Global Ethylene Acrylic Acid (EAA) Copolymer Market Scope
The global ethylene acrylic acid (EAA) copolymer market is segmented on the basis of type, product, category and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- 20wt% Comonomer
- 9wt% Comonomer
- 5wt% Comonomer
Product
- Extrusion Grade EAA Copolymer
- Injection Grade EAA Copolymer
Category
- Higher Melt Index
- Lower Melt Index
Application
- Adhesives
- Barrier Coatings
- Inks
- Others
Global Ethylene Acrylic Acid (EAA) Copolymer Market Regional Analysis/Insights
The global ethylene acrylic acid (EAA) copolymer market is analysed and market size insights and trends are provided by country, type, product, category and application as referenced above.
The countries covered in the ethylene acrylic acid (EAA) copolymer market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Europe dominates the global ethylene acrylic acid (EAA) copolymer market because of the rapid changes in lifestyle and increase in use of packed foods as well as the high growth in the food packaging industry within this particular region.
North America is expected to witness significant growth during the forecast period of 2023 to 2030 due to increase in demand for global ethylene acrylic acid copolymers from emerging economies such as China, India and Japan within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ethylene Acrylic Acid (EAA) Copolymer Market Share Analysis
The global ethylene acrylic acid (EAA) copolymer market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global ethylene acrylic acid (EAA) copolymer market.
Some of the major players operating in the global ethylene acrylic acid (EAA) copolymer market are:
- Dow(U.S.)
- DuPont (U.S.)
- Arkema (France)
- Exxon Mobil Corporation (U.S.)
- Honeywell International Inc.(U.S.)
- BASF SE(Germany)
- Entec Polymers(U.S.)
- SK global chemical Co., Ltd.( South Korea)
- Merck KGaA (Germany)
- Lotryl (France)
- Michelman, Inc. (U.S.)
- KPL International Limited (India)
- Jiangsu Victory Chemical Co., Ltd. (China)
- NIPPON SHOKUBAI CO., LTD.(Japan)
- Anhui Sinograce Chemical Co., Ltd. (China)
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