Press release
Ethylene Copolymers Global Market Expected to Reach $66.74 Billion By 2028 with a CAGR of 5.8% | Key Players: Dow Inc., Sipchem Company, USI Corporation, Celanese Corporation, Exxon Mobil Corporation
Ethylene Copolymers Market
The Business Research Company presents an extensive market research report on the Ethylene Copolymers Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The ethylene copolymers market size has grown strongly in recent years. It will grow 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..
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..
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Key Market Players:
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
Market Drivers:
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.
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https://www.thebusinessresearchcompany.com/report/ethylene-copolymers-global-market-report
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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