Global Ethylene Acrylic Acid (EAA) Market, By Type (Extrusion Grade EAA Copolymer, Injection Grade EAA Copolymer), Product Type (20 wt % Comonomer, 9 wt % Comonomer, 5 wt % Comonomer), Application (Packaging, Powder Coating, Hot Melt Adhesive, Water-Based Solvent, Other), Country (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) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Ethylene Acrylic Acid (EAA) Market
The ethylene acrylic acid (EAA) market is expected to witness market growth at a rate of 9.15% in the forecast period of 2021 to 2028 and is expected to reach USD 13.75 billion by 2028. Data Bridge Market Research report on ethylene acrylic acid (EAA) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the number of research activities globally is escalating the growth of ethylene acrylic acid (EAA) market.
Ethylene acrylic acid copolymer (EAA) is generally utilized for adhesion to unprimed foil, paper and metalized film and also offers substrate protection for improved structure reliability and barrier integrity. The product comprises of substrate protection for improved structure reliability and barrier integrity ethylene and acrylic acid and possesses properties of both compounds. This is known to be separable in aqueous alkali and amines. The copolymer resins provide excellent adhesion to polar substrates without the need for primers. They are highly used in liquid aseptic, dry-food and laminated tube container packaging and cable shielding among others.
The increasing utilization of ethylene acrylic acid copolymers in safe food packaging acts as one of the major factors driving the growth of ethylene acrylic acid (EAA) market. The rise in the adoption rate of the product in the food packaging industry for various packaging applications because of their adhesive properties with packaging substrates such as LDPE, paper, polyamides and foil accelerate the ethylene acrylic acid (EAA) market growth. The high consumption of the 20wt% comonomer product among consumers for adhesives applications and the increasing demand for adhesives applications from building and construction industry further influences the ethylene acrylic acid (EAA) market. Additionally, growth of the food packaging industry, rapid urbanization and industrialization, rise in investment in research projects and growing number of research and development activities positively affects the ethylene acrylic acid (EAA) market. Furthermore, research activities to develop bio-based acrylic acid extend profitable opportunities to the ethylene acrylic acid (EAA) market players in the forecast period of 2021 to 2028.
On the other hand, the fluctuations in raw material prices are expected to obstruct the ethylene acrylic acid (EAA) market growth. The rise in concerns regarding the impact of the product on the environment is projected to challenge the ethylene acrylic acid (EAA) market in the forecast period of 2021-2028.
This ethylene acrylic acid (EAA) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, 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, geographical expansions, technological innovations in the market. To gain more info on ethylene acrylic acid (EAA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ethylene Acrylic Acid (EAA) Market Scope and Market Size
The ethylene acrylic acid (EAA) market is segmented on the basis of type, product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the ethylene acrylic acid (EAA) market is segmented into extrusion grade EAA copolymer and injection grade EAA copolymer.
- On the basis of product type, the ethylene acrylic acid (EAA) market is segmented into 20 wt % comonomer, 9 wt % comonomer and 5 wt % comonomer.
- On the basis of application, the ethylene acrylic acid (EAA) market is segmented into packaging, powder coating, hot melt adhesive, water-based solvent and other.
Global Ethylene Acrylic Acid (EAA) Market Country Level Analysis
The ethylene acrylic acid (EAA) market is analyzed and market size, volume information is provided by country, type, product type and application as referenced above.
The countries covered in the globally ethylene acrylic acid (EAA) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the ethylene acrylic acid (EAA) market because of the changes in lifestyle, use of packed foods and growth in the food packaging industry in the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 due to the rise in demand for ethylene acrylic acid copolymers from emerging economies such as China, India and Japan and expansion of building and construction industry in the region.
Competitive Landscape and Ethylene Acrylic Acid (EAA) Market Share Analysis
The ethylene acrylic acid (EAA) market competitive landscape provides details by competitor. 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 ethylene acrylic acid (EAA) market.
The major players covered in the ethylene acrylic acid (EAA) market report are Dow, BASF SE, Arkema, Exxon Mobil Corporation, Honeywell International Inc., LyondellBasell Industries Holdings B.V., Michelman, Inc., SK global chemical Co., Ltd, ALTANA, Thermo Fisher Scientific Inc., Univar Solutions Inc., DuPont, Benson Polymers Limited, AVH Polychem Private Limited, Dycon Chemicals among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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