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The Ethylene Copolymers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ethylene Copolymers Global Market Report 2024, 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.
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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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
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 report table of contents includes:
1. Executive Summary
2. Ethylene Copolymers Market Characteristics
3. Ethylene Copolymers Market Trends And Strategies
4. Ethylene Copolymers Market – Macro Economic Scenario
5. Global Ethylene Copolymers Market Size and Growth
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26. South America Ethylene Copolymers Market
27. Brazil Ethylene Copolymers Market
28. Middle East Ethylene Copolymers Market
29. Africa Ethylene Copolymers Market
30. Ethylene Copolymers Market Competitive Landscape And Company Profiles
Top Major Players:
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