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The global ethylene acrylic acid copolymer market size is estimated to grow by USD 203.13 million between 2022 and 2027 exhibiting a CAGR of 9.52%. EAA copolymer comprises ethylene and acrylic acid and exhibits the properties of both compounds. The compound is dispersible in aqueous alkali solutions and amines. EAA copolymer exhibits unique properties such as adhesion, water resistance, flexibility, enhanced barriers, improved optics, and high strength. EAA copolymer is used in adhesives, barrier coatings, and inks.
The growth of the market depends on several factors such as the increasing demand in the food packaging industry, the growing demand for coatings, and the growth of the cosmetic and personal care industry.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand in the food packaging industry is driving growth in the market. They are used in a variety of food packaging applications because of their adhesive properties. The polymer is characterized by high bond resistance, which makes it suitable for acid-food packaging applications. It is suitable for high-speed copolymer packaging due to the heat-sealing properties of EAA. Apart from their use in tea bags, alcohol swabs, dry-food packages, and laminated tube container packages, this is used for the packaging of juice and aseptic milk, snack foods, ketchup, and oil.
However, the increase in demand for these in the food packaging industry is expected to influence the growth of the global market. The global market also benefits from lifestyle changes, the growth of retailers, and an increasing number of food service players worldwide. The leading players in the food sector are taking a step forward to develop smarter packaging solutions to expand their customer base. This has increased the demand for EAA copolymers, contributing to the growth of the global EAA copolymer market.
The rise in demand for bio-based acrylic acid is a market trend. The rising popularity of bio-based over petroleum-based will impact the prospects of the global EAA copolymer market during the forecast period.
However, this is derived from petrochemicals through multiple processes. The main acrylic producers have been affected by the fluctuations in international crude oil prices as well as unprecedented price increases, and it has forced them to take a different feedstock from petroleum. As a result, sugar and glycerol have been used as feedstocks for the production of this acid. Advances in acrylic acid purification technologies lead to the replacement of conventional distillation and crystallization methods with melt crystallization and liquid-liquid crystallization technologies. Thus, the rise in demand for bio-based will propel the market in focus during the forecast period.
The stringent regulations are a major challenge faced by the market. The global market for is characterized by strict regulations on working environments, occupational safety, product shipment, storage, and application of products. Despite contributing to positive developments in the global EAA copolymer market, such regulations limit the growth of the market to a certain extent.
During the production of these, workers are recommended to avoid skin or eye contact with the molten polymer and wear safety glasses. As a result of thermal degradation at the manufacturing site, exhaust gases containing aromatic hydrocarbons such as acetic acid, propionic acid, and this acid are released. The use of specified bulk trailers and crates shall be covered by the regulation concerning EAA copolymer shipments. These, when used in cosmetics, should be carefully formulated to eliminate the possibility of skin irritations. Stringent regulations that pertain to the manufacture and use of EAA copolymers negatively impact the growth of the global market.
This report extensively covers market segmentation by Application (adhesives, barrier coating, and others), Type (20wt percentage comonomer, 9wt percentage comonomer, and 5wt percentage comonomer), and Geography ( APAC, North America, Europe, South America, and Middle East and Africa).
The adhesives segment is estimated to witness significant growth during the forecast period. The adhesives segment contributes immensely to the growth of the global EAA copolymer market, mainly because of the increasing consumption of EAA in the packaging industry. The growth of packaging is expected to be stimulated by increasing consumer demand, as well as the development of e-commerce.
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The adhesives segment was the largest segment and was valued at USD 125.39 million in 2017. The adhesives segment, which is an application segment in the global EAA copolymer market, is anticipated to witness high growth. EAAs are high-performing copolymer adhesives, which have been the preferred product of several industrial sectors due to their superior adhesion. This content may be a factor in the adhesive properties of copolymers. This increases the adhesive properties of the copolymers and reduces softening and melting points. It improves optics and provides high strength.
Based on type, 20wt percentage comonomer holds the largest market share. 20wt percentage comonomer can be formulated as adhesives to adhere to various types of surfaces such as clay-coated and UV-coated papers, films, and foils. These adhesives are widely used for applications in food and beverage packaging, furniture and building components, home appliances, and medical devices. These comonomers can be used as a low-cost alternative to resins in product assembly. They have high heat and water resistance. Hence, the comonomer works well for packaging tape, and labeling applications. Ethylene imparts flexibility, water resistance, chemical resistance, and crystallinity to the copolymers. EAA copolymers are used in coating metal, paper, and textiles. The coating application is critical in the automotive, industrial equipment, metal cans, consumer goods, coils, and food and beverage industries. Such application of a 20wt percentage comonomer is likely to fuel the growth of the segment during the forecast period.
APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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APAC is expected to become the largest geographical segment in the global EAA copolymer market during the forecast period. The market for EAAs copolymers in the APAC region has been accompanied by corresponding growth from packaging, automotive, construction, industrial equipment, paper, and textiles. The superior adhesive properties of EAA copolymers make these copolymers suitable for multiple applications in industries. These copolymers are incorporated in adhesives, barrier paints, cosmetics, skin care products, inks, and dyes. The region is expected to retain its dominant position during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Altana AG - The company offers AQUACER 8880.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Angene International Ltd., Arkema Group, Dow Chemical Co., Exxon Mobil Corp., Honeywell International Inc., Jiangsu Victory Chemical Co. Ltd., LyondellBasell Industries N.V., Merck KGaA, Michelman Inc., Nanjing Tianshi New Material Technology Co. Ltd., Nippon Shokubai Co. Ltd., NSB Polymers GmbH, Parchem Fine and Specialty Chemicals Inc., Qingdao Hairuite Chemical Material Co. Ltd., Shanghai Songhan Plastic Technology Co. Ltd., SK Innovation Co. Ltd., SNP Inc., Ter Group, and Thermo Fisher Scientific Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The Market is witnessing significant growth driven by advancements in technology and the demand for sustainable packaging solutions. EAA copolymers are used in various industries, including the automotive sector for cable shielding and polar substrates.
The market analysis includes Regional Analysis/Insights and Market Share Analysis, highlighting opportunities in liquid aseptic packaging and primer applications. Despite the high cost of raw materials, there are rising research and development opportunities in the field, driving innovation and product development. Restraints/Challenges include competition from alternative materials and limited awareness and education about EAA copolymers. However, recent developments in the market show promising growth, with companies focusing on product advancements and market expansion. The market covers countries worldwide, with pricing in USD and volume measured in units, reflecting historic trends and quantitative units.
Ethylene Acrylic Acid Copolymer Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.52% |
Market growth 2023-2027 |
USD 203.13 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.19 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Altana AG, Angene International Ltd., Arkema Group, Dow Chemical Co., Exxon Mobil Corp., Honeywell International Inc., Jiangsu Victory Chemical Co. Ltd., LyondellBasell Industries N.V., Merck KGaA, Michelman Inc., Nanjing Tianshi New Material Technology Co. Ltd., Nippon Shokubai Co. Ltd., NSB Polymers GmbH, Parchem Fine and Specialty Chemicals Inc., Qingdao Hairuite Chemical Material Co. Ltd., Shanghai Songhan Plastic Technology Co. Ltd., SK Innovation Co. Ltd., SNP Inc., Ter Group, and Thermo Fisher Scientific Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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