Ethylene Acrylic Acid Copolymers Industry Market: By Product Type (Higher Melt Index, Lower Melt Index), By Application Type (Adhesives, Barrier coating, Inks , Others), and Geography

Ethylene Acrylic Acid Copolymers Industry Market size is valued at USD 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.