Companies covered in Ethylene Copolymer Market are LG Chem (South Korea) Tosoh Corporation (Japan) Redox (U.S.) INEOS Group Ltd (U.K.) Repsol (Spain) BASF SE (Germany) ExxonMobil Corporation (U.S.) SABIC (Saudi Arabia) Dow Chemical Company (U.S.) DuPont (U.S.) and many more
Pune, India, Sept. 07, 2022 (GLOBE NEWSWIRE) -- The global ethylene copolymer market size was valued at USD 45.0 Billion in 2021 and USD 46.5 Billion in 2022. It is projected to reach USD 61.1 Billion by 2029, exhibiting a CAGR of 4.0% over the estimated period. The rise can be attributed to the increasing preference for the usage of copolymers in the packaging, transportation, and construction industries.
This is further being supplemented by the surging demand across the furniture and packaging sectors, cites Fortune Business Insights™ in its research report, titled “Ethylene Copolymer Market, 2022-2029”.
Industry Growth Hindered Due to Disruptions in the Supply of Finished Goods
The COVID-19 pandemic has led to supply chain disruptions, leading to a restriction on the movement of materials. The crisis has further affected revenues in the automotive sector owing to the shutdown of manufacturing units and difficulties in the supply of raw materials such as coatings and packaging materials. These factors have impacted the demand for ethylene copolymers in various applications to a considerable extent.
Segments:
Ethylene Vinyl Acetate Copolymers Segment to Emerge Prominent Driven by the Property of Puncture Resistance
The ethylene vinyl acetate copolymers segment is anticipated to record appreciable expansion over the analysis period. The rise can be credited to a range of beneficial properties such as good puncture resistance and exceptional adhesion to many polar and nonporous substrates
Hot Melt Adhesives Segment to Gain Traction Owing to Surging Product Adoption in Food Packaging
On the basis of application, the ethylene copolymer market is segregated into thermo adhesive films, hot melt adhesives, asphalt modification, and others. Of these, the hot melt adhesives segment held a commendable share in 2021 and is poised to register appreciable growth over the forecast period. The surge can be attributed to the growing product demand from the lamination, food packaging, and woodworking industries.
Packaging Segment to Register Lucrative Growth Impelled by Soaring Product Demand from Consumer Goods Sector
Based on end-use, the ethylene copolymer market is segregated into building & construction, packaging, textiles, automotive, and others. The packaging segment is projected to register commendable expansion over the coming years. The rise can be credited to the soaring product demand from several industries such as consumer goods, automotive, construction, footwear, and furniture.
Based on region, the ethylene copolymer market is segmented into Asia Pacific, Europe, Latin America, the Middle East & Africa, and North America.
Report Scope & Segmentation
Report Attribute
Details
Market size value in 2022
USD 46.5 Billion
Revenue forecast in 2029
USD 61.1 Billion
Growth Rate
CAGR of almost 4.0% 2022-2029
Base Year
2020
Historic Years
2018- 2020
Forecast Years
2022- 2029
Segments Covered
By End-Use, By Application
Forecast Units
Value (USD Billion), and Volume (Units)
Quantitative Units
Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered
North America, Europe, Asia Pacific, South America, and Middle East & Africa, and Rest of World
Countries Covered
Unites States, Canada, Mexico, Unites Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered
LG Chem (South Korea) Tosoh Corporation (Japan) Redox (U.S.) INEOS Group Ltd (U.K.) Repsol (Spain) BASF SE (Germany) ExxonMobil Corporation (U.S.) SABIC (Saudi Arabia) Dow Chemical Company (U.S.) DuPont (U.S.)
Report Coverage
Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Report Coverage:
The report provides a comprehensive analysis of the key trends that are likely to drive industry expansion over the forecast period. It also gives an overview of the major factors that are set to impel business growth across various regions. It further comprises an account of the vital steps taken by major industry participants in consolidating their position in the ethylene copolymer market.
Drivers and Restraints:
Consumer Shift Toward Online Products on Account of Easy-to-buy Options
The ethylene copolymer market growth can be attributed to the soaring product demand for packaging purposes across a range of industries. These include food & beverage, electrical & electronics, construction, and consumer goods sectors. The rising packaging demand can be credited to the shifting consumer inclination toward online products due to the availability of a wide range of products and easy-to-buy options.
However, the prices of raw materials used for the production of ethylene are highly volatile. This is likely to hinder industry growth to some extent.
Browse Detailed Summary of Research Report with TOC:
Asia Pacific to Emerge as Leading Region Due to Rising Product Usage in the Construction of Commercial Buildings
The Asia Pacific ethylene copolymer market share is slated to register appreciable growth over the estimated period. The surge can be attributed to the expanding packaging sector in countries such as India and China. The regional growth is further driven by the upcoming construction projects, which is set to impel product usage in commercial and residential building applications.
Europe is expected to record substantial expansion driven by the trend of technically innovative buildings. Besides, the European Union (EU) is taking steps for increasing the usage of advanced materials for ensuring the structural safety of buildings. Such initiatives are poised to propel business growth in the region.
Competitive Landscape:
Market Players Enter Collaborations and Partnership Agreements to Sustain Industry Position
Several ethylene copolymer companies are undertaking research activities and product launches for the consolidation of their market position. Many players are focusing on the adoption of a series of strategic steps such as mergers and acquisitions for securing a competitive edge. Some of the additional steps include partnership agreements and collaborations.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Market Trends in the Global Market
Key Developments: Mergers, Acquisition, Partnership, etc.
Latest Technological Advancement
Insights on Regulatory Scenario
Porters Five Forces Analysis
Qualitative Insights – Impact of COVID-19 on Global Ethylene Copolymer Market
Supply Chain Challenges
Steps taken by companies to overcome the COVID-19 impact
Potential Opportunities due to COVID-19 impact
Global Ethylene Copolymer Market Analysis, Insights and Forecast, 2018-2029
Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges. Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
April 2021 – SABIC would be responsible for the sales and marketing of a majority of petrochemical and polymer products offered by Saudi Aramco. The latter also announced its transfer of responsibilities for Pengerang Petrochemical Company, a Malaysian joint-venture between Sadara and S-Oil, to SABIC.
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