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Ethylene Acrylic Acid Copolymers Industry Market: By Product Type, By Application Type, and Geography
Ethylene Acrylic Acid Copolymers Industry Market: By Product Type, By Application Type, and Geography
Ethylene Acrylic Acid Copolymers Industry Market size is valued at US$ 58.6 million in 2022 and is poised to grow at a CAGR of 9.4% from 2023 to 2029. Increasing adoption of ethylene acrylic acid polymers in safe packaging of foods boosts the demand for product in the market. EAA is extensively implemented in the food packaging industry for numerous applications in regards to packaging due to their properties such as high adhesive strength through packaging substrates including foil, LDPE, polyamides. However, instabilities in the prices of raw material coupled with growing environment concerns impedes the growth of market. Key players in Ethylene Acrylic Acid Copolymers industry market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance on 9 December, 2017- BASF has opened its first production plant for dispersions in South Africa located at Umbogintwini Industrial Complex in Durban. With this new production facility BASF will serve its customers in the fast growing South African and Sub-Saharan African coatings and construction industry with acrylic dispersions based on state-of-the-art technologies.
Study Period
2024-2030Base Year
2023CAGR
9.4%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Ethylene acrylic acid copolymers industry finds a major application in inks, adhesive, barrier coatings, others. The rising demand for adhesives segment is expected to propel the ethylene acrylic acid copolymers market in the coming years. The major factor contributing to the widespread acceptance of adhesives can be attributed to the occurrence of massive number of food packaging industry which further augments the adhesives segment. Furthermore, the barrier coating segment is predicted to increase at a considerable speed owing to the progress in the building & construction industry.
Europe occupied the largest share in the market due to growing food packaging industry. Moreover, changing lifestyle of consumers, and increased preference for the consumption of packaged food further fuels the market growth in this region. North America is expected to lead the market followed by Europe due to the presence of large number of food industries and coupled with changes in the food habits of the consumers. Asia Pacific is expected to grow at a steady pace owing to rising demand for these products in countries such as China and India coupled with growing building and construction activities in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 58.6 million |
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Market CAGR |
9.4% |
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By Product Type |
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By Application Type |
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By Region |
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The ethylene acrylic acid copolymers industry market size was valued at US$ 58.6 million in 2022
The ethylene acrylic acid copolymers industry market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Asia Pacific is the fastest-growing for ethylene acrylic acid copolymers industry market
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.