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Ethylene Copolymers Global Market Size, Share Report, Growth Prospects, Developments Plans, Future Insights and Trends Analysis Till 2033 | Dow Inc., Sipchem Company, USI Corporation, Celanese Corporation, Exxon Mobil Corporation
Ethylene Copolymers Global Market
The ethylene copolymers market size is expected to see strong growth in the next few years. It will grow 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.
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 utilized in hot-melt adhesives and sealants due to their mechanical cohesiveness and adhesive characteristics.
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The Role Of Increasing Waste Packaging Recycling Adoption
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. For instance, in September 2022, according to a report published by the Environmental Protection Agency, a US-based executive agency working in environmental protection matters, in 2021, Ireland recycled 1,238,383 tones of packaging waste out of which 18%, 225,000 tones of the packaging waste that was recycled in 2021. Therefore, increasing the adoption of waste packaging recycling is expected to drive the growth of the ethylene copolymers market.
Competitive Landscape -
Major companies operating in the ethylene copolymers market report are 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
Technological Innovations And Novel Product Launches
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 ethylene copolymers market. For instance, in November 2022, Lummus Technology LLC, a US-based company specializing in the development of process technologies, launched a new range of polymer-based products, Novolen pure polypropylene (PP) technology. Novolen PPure is a gas-phase polypropylene process used to produce ethylene copolymers. By giving an enhanced hydrogen response with the catalyst and a new variety of polymer-based products that are targeted at automotive, healthcare, and food packaging materials, this process technique seeks to offer significant energy savings.
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Key Segments -
The ethylene copolymers market covered in this report 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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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