市場調查報告書
商品編碼
1144154
乙烯共聚物的全球市場:至2028年的預測 - 各類型(乙烯丙烯酸乙酯,乙烯醋酸乙烯酯,其他),各用途,各終端用戶,各地區的分析Ethylene Copolymers Market Forecasts to 2028 - Global Analysis By Type (Ethylene ethyl acrylate, Ethylene vinyl acetate and Other Types), Application, End User and By Geography |
全球乙烯共聚物的市場規模,2022年為492億9,000萬美元,在預測期間內預計以6.0%的年複合成長率成長,2028年達到699億1,000萬美元。
本報告提供全球乙烯共聚物市場調查,市場概要,市場規模和預測,趨勢,促進因素、阻礙因素,各類型、各用途、各終端用戶、各地區的分析等全面性資訊。
According to Stratistics MRC, the Global Ethylene Copolymer Market is accounted for $49.29 billion in 2022 and is expected to reach $69.91 billion by 2028 growing at a CAGR of 6.0% during the forecast period. Ethylene-propylene copolymers, which are amorphous, random, and rubbery polymers, are made by polymerizing monomers using the Ziegler-Natta catalyst. These artificial rubbers can be used in both unusual and typical applications. A malleable material like ethylene can be combined with a variety of other materials or polymers to produce different synthetic copolymers, which are used in a variety of applications. These copolymers are easy to make, robust, and flexible. Additionally, they exhibit exceptional mechanical cohesion and adhesive properties. They are used in a wide range of industries and sectors.
According to Indian Brand Equity Foundation (IBEF) Indian food processing industry comprise of 32% of the country's total food market. Online food delivery grew up to 150% with estimated GMW of $300 million.
Market Dynamics:
Driver:
Rising product adoption
Due to the rising need for packaging from sectors like construction, food & beverage, consumer products and electrical & electronics, ethylene copolymer use is rising. The need for packaging has increased as a result of consumers' migration to online shopping for a variety of products that are readily available and convenient to purchase. Because of their mechanical cohesion and adhesive qualities, ethylene copolymers and terpolymers are frequently employed in the production of hot melt adhesives. They offer adherence on different polymer film substrates without having an impact on the inside of the product. This is accelerating the product's acceptance in adhesive applications for labelling and packaging.
Restraint:
Volatile raw material prices
One significant factor among many that are acting as a limitation is the increased volatility of raw material pricing, which will pose an extra challenge to the countries across the world that are enforcing strict legislation demanding the use of renewable and biodegradable resources. Due to its detrimental impact on the environment, the old traditional manner of using plastics is being replaced by a new era of sophisticated materials. The growing threat of substitutes is limiting the market's growth for ethylene copolymers.
Opportunity:
Increased research & development activities
Rising demand for beverages made from plants and lactose-free beverages, increasing packaging reusability, and economic benefits are predicted to propel the expansion of the ethylene copolymers market. Increased profit margins, more R&D work on technology and equipment, ongoing organisational innovation, and growing importance of ethylene copolymers are all anticipated to play a part.
Threat:
Threats of substitutes
The usage of renewable and biodegradable materials is subject to stringent laws in all nations of the world. Due to its detrimental impact on the environment, the old traditional method of using plastics is being replaced by the new age technical materials. The modern, sustainable polymers include those made of polyethylene furanoate (PEF), polyhydroxyalkanoate (PHA), and other biopolymers.
COVID-19 Impact
Due to the pandemic's expansion since the fourth quarter of 2019, numerous nations declared lockdowns, which limited the transportation of goods. The distribution of finished items and the supply of raw materials were hampered, which severely hindered the production of ethylene copolymer producers' revenue. Due to the closure of manufacturing facilities and the interruption in the supply chain of raw materials like coatings and packaging materials, the pandemic had a severe impact on the car sector. Additionally, governments from numerous countries are developing programmes and supportive guidelines to re-establish economies.
The hot melt adhesives segment is expected to be the largest during the forecast period
The hot melt adhesives segment is anticipated to have a lucrative growth, due to the laminating, woodworking, and food packaging industries' increasing need. In the use of asphalt modification, the demand for EVA copolymer as a polymer modifier is anticipated to increase. This copolymer alters the mechanical and rheological properties of asphalt while also enhancing its resistance to rutting, thermal cracking, and adhesive qualities. Applications for products including sealants, foam, coatings, and encapsulating are included in the others sector. The need for adhesives and sealants will increase as a result of uses in packaging and labelling, building, and furniture, among other industries.
The food & beverages segment is expected to have the highest CAGR during the forecast period
The food & beverages segment is predicted to witness the fastest CAGR growth during the forecast period, due to a change in consumer desire for products that are branded and packaged. Urban customers are increasingly turning to branded foods as a result of the growing popularity of online shopping and the opening of supermarkets and hypermarkets. Due to its unique qualities, including elasticity, improved light transmission, melting fluidity, adhesive property, and a very low processing temperature, the EVA copolymer is also utilized to encapsulate the photovoltaic cell in the majority of solar cells.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the expanding packaging sector in several countries, the region's increasing demand for copolymers is to be blamed. Ethylene copolymer will also be used in the region's forthcoming development projects for homes and businesses like hotels, retail stores, and medical facilities. In addition, a growing population and swift economic development are driving factors in the market's expansion.
Region with highest CAGR:
Europe is anticipated to have the highest CAGR over the forecast period, owing to the rising trend of architecturally avant-garde structures. The European Union to expand the usage of cutting-edge materials to guarantee the structural safety of buildings will also help to fuel the industry. For instance, the increasing development of government plans to expand and upgrade the current infrastructure in France will fuel the need for these copolymers for applications with hot melt adhesives.
Key players in the market
Some of the key players profiled in the Ethylene Copolymer Market include Tosoh Corporation, ExxonMobil Corporation, DuPont, LG Chem, INEOS Group Ltd, BASF SE, Dow Chemical Company, SABIC, Repsol, Redox, Celanese Corporation, USI Corporation, Wacker Chemie AG
Key Developments:
In April 2021, SABIC announced that it would be responsible for marketing and selling a maximum of Saudi Aramco's polymer and petrochemical products. In addition, Aramco announced the transfer of responsibilities for Pengerang Petrochemical Company (PRefChem), a Malaysia-based joint-venture between Sadara and S-Oil, to SABIC.
In February 2020, New Lnp Elcres Crx Pc copolymers from Sabic, which can withstand stress cracking in systems exposed to harsh disinfectants in the healthcare industry, are released at Md&M West.
In October 2019, Repsol announced the agreement to license Ethylene Butyl Acrylate (EBA) copolymer, Ethylene-Vinyl Acetate (EVA), and Low-density Polyethylene (LDPE) manufacturing technology with an America-based engineering company through its UK-based subsidiary, Simon Carves Engineering, Ltd. This agreement will make the company's chemical business a technology licensor.
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