Global Ethylene Copolymers Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
9 May, 2023
The global ethylene copolymers market size is expected to grow from $47.68 billion in 2023 to $50.67 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ethylene copolymers market size is expected to reach $61.66 billion in 2027 at a CAGR of 5%.
Global Ethylene Copolymers Market Key Driver
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.
Get a Sample of the global ethylene copolymers market reportGlobal Ethylene Copolymers Market Segments
The global ethylene copolymers market is 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
4) By Geography: The regions covered in the ethylene copolymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global ethylene copolymers market.
Major Ethylene Copolymers Industry Players
Dow Inc., Sipchem Company, USI Corporation, Celanese Corporation, Exxon Mobil Corporation, BASF SE, Wacker Chemie AG, Tosoh Corporation, Saudi Basic Industries Corporation.
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Ethylene Copolymers Market Overview
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 utilised in hot-melt adhesives and sealants due to their mechanical cohesiveness and adhesive characteristics.
Ethylene Copolymers Global Market Report 2023 provides data on the global ethylene copolymers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ethylene copolymers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.