According to ChemAnalyst report, “Global Ethylene Acrylic Acid Copolymer Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, The Ethylene Acrylic Acid (EAA) Copolymer market is likely to expand and grow to reach 130 thousand tonnes by 2032 at a healthy CAGR of 3.21% in the forecast period. In the upcoming years, it is predicted that rising consumer demand of ready-to-eat food items the demand of packaging material will rise which will most likely fuel the market for EAA market in the forecast period.
The ethyl ester of acrylic acid is called ethylene acrylic acid copolymer (EAA). Without primers, it provides good adherence to polar substrates. Ethylene and acrylic acid combine to form ethylene acrylic acid copolymers (EAA). The ethylene segments offer qualities including elasticity, chemical stability, resistance to water, and stretchability. Duality, adhesive, toughness, hot tack strength, and low-temperature heat saleability are all benefits of acrylic acid content. A higher concentration of acrylic acid improves strength, lowers softening and melting temperatures, increases clarity, and improves binding to polar substrates. The primary applications for EAA copolymer include paint, sealants, inks, textiles, and plastics.
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EAA copolymer is primarily driven by its application in the packaging sector. EAA copolymer is used for the packaging of juice, milk, ready-to-eat foods, ketchup, and oil in addition to their use in tea bags. Ethylene acrylic acid (EAA) copolymer market has been significantly impacted by the R&D activities to generate bio-based acrylic acid. Ethylene Acrylic Acid (EAA) copolymer serves a variety of packaging applications in the food packaging industry due to its adhesive properties. It sticks to packaging materials like paper, foil, LDPE, and polyamides. Moreover, EAA c In accordance with this, the rise in the use of ethylene acrylic acid copolymers in fuels for secure food packaging is also functioning as a major factor supporting the expansion of the ethylene acrylic acid (EAA) copolymer market over the forecast period.
The Ethylene Acrylic Acid Copolymer market is segmented based on end-use, sales channel, and region. Based on the end-use, the global Ethylene Acrylic Acid Copolymer market is divided into Packaging, Coating & Inks, Adhesives, and Others. The Packaging industry is leading the Ethylene Acrylic Acid Copolymer market and captured approximately 62% of the EAA copolymer market in 2022. Owing to the qualities of EAA copolymer such as resistance to solvents, grease, and water, it is widely employed for packaging food articles. Coating & Inks is another impressive application of EAA copolymers.
Based on region, North America dominates the Ethylene Acrylic Acid Copolymer market and held greater than 40% of the global Ethylene Acrylic Acid Copolymer market. Due to the growing demand for Ethylene Acrylic Acid Copolymer for manufacturing packaging materials for food items coupled with the growing population and rise in construction activities in developing countries like India, China, Malaysia, and Japan, the factors will augment market expansion and generate substantial growth prospects in the forecast period till 2032. Asia Pacific also holds a significant market share of the EAA copolymer market. In terms of production, Belgium is in lead, with ExxonMobil Corporation being the key market player with a regional capacity of 80%.
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“Global Ethylene Acrylic Acid Copolymer Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players in the Ethylene Acrylic Acid Copolymer market include are SK Innovation Company, Honeywell International Inc., ExxonMobil Corporation, and others.
“Consistently growing demand for flexible packaging materials for application in various industries augments the Ethylene Acrylic Acid (EAA) Copolymer market growth in the forecast period. Due to the excellent barrier properties of this copolymer such as elasticity, chemical stability, resistance to water, and stretchability, adhesive, toughness, hot tack strength, and low-temperature heat saleability, it is a perfect material for packaging purposes. Currently, North America is the leading consumer of this copolymer and is anticipated to maintain its position in the forecast period in the forecast period till 2032. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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