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Ethylene Acrylic Acid (EAA) Copolymers Market Size to Reach US$ 601 million by the end of 2032
Ethylene Acrylic Acid (EAA) Copolymers Market
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Rising focus on sustainability is expected to be a major prospect that will drive the market for ethylene acrylic acid copolymers through 2032. Rising demand for food packaging, growing consumption of packaged foods, changing lifestyle habits of consumers, increasing demand for eco-friendly materials, rising investments in infrastructure development, and growing automotive production are other factors that are set to drive market growth going forward.
Implementation of strict environmental norms and volatile raw material pricing trends are expected to have a hindering effect on overall market evolution over the coming years.
Key Takeaways from Market Study
• In 2022, the global market for ethylene acrylic acid copolymers is valued at US$ 332 million.
• Sales of ethylene acrylic acid copolymers are forecasted to increase at 6.1% CAGR from 2022 to 2032.
• Sales revenue from EAA) copolymers by 2032 is estimated to be around US$ 601 million.
• High demand for food packaging, growing consumption of packaged foods, increasing construction activity, and growing use of eco-friendly polymers and resins are prime factors that could drive market potential in the future.
• Fluctuations in raw material pricing and stringent environmental mandates are anticipated to have a constraining effect on market development going forward.
• The Japan ethylene acrylic acid copolymers market is predicted to expand at 4.4% CAGR over the next ten years.
• Use of EAA copolymers in adhesives is slated to account for US$ 200 million in revenue by the end of the forecast period.
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Regional Overview
Asia Pacific is predicted to be the most lucrative market for ethylene acrylic acid copolymer suppliers owing to rising construction activity, high demand for food packaging, changing lifestyle habits, and flourishing automotive production activity. China, Japan, Korea, and India are expected to be prime markets for EAA copolymers in the future as these economies are developing and are home to some of the most prominent ethylene acrylic acid copolymer manufacturers.
A complete and comprehensive regional analysis of all major and minor regions has been discussed in this ethylene acrylic acid (EAA) copolymers industry survey by Fact.MR, a market research and competitive intelligence provider.
Key companies in Ethylene Acrylic Acid (EAA) Copolymers Market
• Arkema Group
• Jiangsu Victory Chemical Co. Ltd.
• DowDuPont
• KPL International Limited
• Exxon Mobil
• Honeywell International
• NIPPON SHOKUBAI Co. Ltd.
• LyondellBasell Industries Holdings
• SK Global Chemical Co. Ltd.
• BASF
• Michelman
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