Ethylene Copolymers Global Market 2024 To Reach $66.74 Billion By 2028 At Rate Of 5.8%
Ethylene Copolymers Market Report 2024
Ethylene Copolymers Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, October 9, 2024 /EINPresswire.com/ -- The ethylene copolymers market has experienced robust growth in recent years, expanding from $50.43 billion in 2023 to $53.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to consumer electronics demand, construction and infrastructure use, sustainability initiatives, healthcare packaging needs, regulatory compliance and quality standards.
What Is The Estimated Market Size Of The Global Ethylene Copolymers Market And Its Annual Growth Rate?
The ethylene copolymers global market is projected to continue its strong growth, reaching to $66.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rapid advancements in additive manufacturing, customization and high-performance requirements, automotive industry demand, rising demand from packaging industry. Major trends in the forecast period include strategic collaborations, sustainable packaging solutions, applications in construction and infrastructure.
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Growth Driver Of The Ethylene Copolymers Market
The increasing adoption of waste packaging recycling is expected to propel the growth of the ethylene copolymers market going forward. Waste packaging recycling is a technique of waste material recovery that transforms waste into new products, materials, or substances for those original uses or for other ones. Packaging waste containing polymers and other materials can be recycled through the pyrolysis process, in which the waste is thermally cracked into fuels and chemicals. The rising adoption of waste packaging recycling leads to a growing demand for ethylene copolymers due to their superior compatibility activities and conversion into high-yielding recycled products.
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Who Are the Leading Competitors in the Ethylene Copolymers Market Share?
Key players in the market include Dow Inc., Sipchem Company, USI Corporation, Celanese Corporation, Exxon Mobil Corporation, BASF SE, Wacker Chemie AG, Tosoh Corporation, Saudi Basic Industries Corporation , Repsol S.A., LyondellBasell Industries N.V., Benson Polymers Limited, rxchemicals.com, Dycon Chemicals, EXEN CHEM, N SHASHIKANT & CO, Triveni chemicals, AVH Polychem Private Limited, Sushila Parmar International Pvt. Ltd., Amatya Impex Private Limited, Jai Radhe Sales, Mitsui Chemicals, Sumitomo Chemical Co. Ltd., Wells Plastics Ltd., DuPont de Nemours Inc., Arkema, Braskem, Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, Ineos Group Limited, Lotte Chemical Corporation, Reliance Industries Limited.
Which Key Trends Are Driving Ethylene Copolymers Market Growth?1
Technological innovations are a key trend gaining popularity in the ethylene copolymer market. Major players are concentrating their efforts on creating innovative technologies to sustain their position in the market.
How Is The Global Ethylene Copolymers Market Segmented?
1) By Type: Ethylene Vinyl Acetate Copolymers, Ethylene Acrylic Ester Copolymers, Ethylene Acrylic Ester Terpolymers, Ethylene Vinyl Acetate Terpolymers
2) By Application: Hot Melt Adhesives, Asphalt Modifications, Thermo Adhesive Films, Other applications
3) By End Users: Automotive, Packaging, Building and Construction, Textile, Food and Beverages, Other End Users
Geographical Insights: North America Leading The Ethylene Copolymers Market
Asia-Pacific was the largest region in the global ethylene copolymers market in 2023. The regions covered in the ethylene copolymers global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Ethylene Copolymers Market Definition
Ethylene copolymers are elastic materials formed by the copolymerization of ethylene and propylene, usually in conjunction with other chemical compounds, as these copolymers have good ozone and voltage resistance. Ethylene copolymers are commonly utilized in hot-melt adhesives and sealants due to their mechanical cohesiveness and adhesive characteristics.
Ethylene Copolymers Global Market Report 20242 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global ethylene copolymers market report covering trends, opportunities, strategies, and more
The Ethylene Copolymers Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on ethylene copolymers market size, ethylene copolymers market drivers and trends, ethylene copolymers market major players, ethylene copolymers competitors' revenues, ethylene copolymers market positioning, and ethylene copolymers market growth across geographies. The ethylene copolymers global market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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