Ethylene Copolymers Industry Market size is valued at USD 45.2 billion in 2021 and is expected to grow at a CAGR of 4.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global ethylene copolymers industry market, and that can be segmented by copolymer type and by application. By copolymer type, the global ethylene copolymers industry market has been segmented into Ethylene Butyl Acrylate (Eba), Ethylene Propylene (Ep), Ethylene Vinyl Acetate (Eva), Ethylene Ethyl Acrylate (Eea), Ethylene Methyl Acrylate (EMA), Others. The Ethylene Butyl Acrylate (Eba) segment is likely to be the largest and fastest-growing segment in terms of type. Ethylene Butyl Acrylate (Eba) has various applications in packaging including carton & folding boxes, bottle labeling, yogurt labeling, and deep freeze packages. The growing packaging industry across the globe and rising demand for food are expected to drive the EBA copolymer market worldwide in the forecasted periods. Based on the application, the segment has been segregated into Packaging, Consumer Goods, Hot Melt Adhesives, Automotive, Thermo Adhesive Films, Biomedical Engineering, Health Care, Others. The Hot Melt Adhesives segment is expected to dominate other segments in the global ethylene copolymers industry market. The Thermo Adhesive Films segment is also expected to witness the highest CAGR during the forecast period according to precision business insights. Ethylene undergoes polymerization with different molecules such as vinyl, butyl, ethyl acetate, and propylene to form complex copolymers, which are primarily used in various industries such as automotive and packaging. Ethylene copolymer has various properties such as heat stability, heat resistance, formulation flexibility, chemical reactivity, and adhesion on difficult surfaces. The global market players are continuously influencing the global ethylene copolymers industry market through focusing on research and development activities and innovation.
In April 2021, SABIC announced that it would be responsible for marketing and selling a maximum of Saudi Aramco’s polymer and petrochemical products.