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Ethylene Copolymers Market: Comprehensive Analysis of Market Segments, Growth Drivers, and Competitive Insights Highlight Strong Demand and Future Prospects
Ethylene Copolymers Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
1. Executive Summary
2. Ethylene Copolymers Market Report Structure
3. Ethylene Copolymers Market Trends And Strategies
4. Ethylene Copolymers Market - Macro Economic Scenario
5. Ethylene Copolymers Market Size And Growth
…..
27. Ethylene Copolymers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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