Press release
What's driving the Ethylene Butyl Acrylate Market trends? DuPont, Arkema, ExxonMobil, REPSOL, and LUCOBIT AG
Ethylene Butyl Acrylate Market
Rising demand from petrochemical based products and shifting preference for renewable materials will enhance the Ethylene butyl acrylate market. Increasing manufacturer awareness pertaining to benefits of polyethylene will fuel the industry growth, product is widely used in sealants, paints, adhesives, fuel and surface coatings.
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Growing consciousness regarding eco-friendly products encouraged extensive technological R&D to augment bio-degradable properties. N-butanol, acrylic acid, triethyl phosphate and acrylamide are the raw materials used in the EBA production.
Saturated Europe ethylene butyl acrylate market is estimated to grow at stagnant rates. Technological advancement in healthcare industry due to growing human health consciousness are the factors positively influencing ethylene butyl acrylate market.
Increasing product usage in agricultural films and hot melt adhesives particularly in Latin America will drive the regional application scope. Latin America agricultural film industry will witness over 6% CAGR by 2024. Rise in demand from greenhouse farming and soil protection are the stimulating factors supporting Ethylene butyl acrylate market.
Asia Pacific ethylene butyl acrylate market will witness high gains in the forecast timeframe. Rising demand from packaging and food & beverage applications particularly in China, India and Japan will drive the regional demand. Asia Pacific was the leading n-butanol market contributor accounting for more than 50% in 2015.
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Middle East ethylene butyl acrylate market will witness significant growth owing to the huge crude oil reserves. Increasing innovations in petrochemical applications particularly in Saudi Arabia and other crude oil producing countries will propel the industry growth in region.
DuPont provides EBA product under brand name Elvaloy AC. The product is used in process aiding and property enhancing in polyesters, it also supports softer foam production. Higher crystalline melt temperature, flexibility and heat resistance are the factors positively influencing product development.
Lucofin 1400HN provided by Lucobit AG improves compatibility & absorptive capacity of fillers, additives, minerals and pigments. Heat resistance and flexibility at low temperature are the key factors promoting product uses in polymer modification and powder coating.
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Global ethylene butyl acrylate market share is highly competitive. DuPont, Arkema, ExxonMobil, REPSOL, and LUCOBIT AG are the major industry participants. Product portfolio expansion and mergers and acquisitions are the major strategies adopted by these companies. Other prominent players in market are Dow Chemical, LyondellBasell, INEOS, Solventis, Dushine Ltd., Hebei Kaien Trading Co. Ltd., and Jilin Petrochemical.
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