Ethylene Copolymers Market To Reach $79.22 Billion By 2030

Ethylene Copolymers Market Growth & Trends

The global ethylene copolymers market size is anticipated to reach USD 79.22 billion by 2030, expanding at a CAGR of 7.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand from the packaging industry is anticipated to favor market growth in the coming years.

In terms of revenue, ethylene vinyl acetate (EVA) product type segment dominated the market in 2016 and is anticipated to ascend at a CAGR of 6.9% over the next eight years. In the packaging industry, EVA is widely used as a shrinkage film as it contains a higher percentage of anti-blocking additives as compared to polyethylene. It also has the capability to provide low-temperature hot sealing, that enables energy savings and fast packaging speed, which is, in turn, expected to fuel market growth over the forecast period. Thus, the segment is anticipated to ascend at a steady CAGR over the next eight years.

The raw materials utilized for the manufacturing of ethylene copolymers are governed by various organizations such as the Occupational Safety and Health Administration (OSHA) and the United States Environmental Protection Agency (EPA). These organizations have also set various quality standards for the raw materials and end products manufactured from ethylene. EPA has levied strict regulations to encourage the production of environment-friendly products, such as ethylene oxide, from ethylene.

The Asia Pacific region is expected to ascend at the highest growth rate over the forecast period. Rising demand from the packaging industry, in emerging economies such as India and China, is expected to drive the market in the coming years. The Asia Pacific region is characterized by rising awareness regarding various applications of ethylene copolymers.

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Ethylene Copolymers Market Report Highlights

• In terms of type, ethylene-vinyl acetate (EVA) led the market with the highest revenue share of 42.4% in 2023.

• Hot melt adhesives accounted for the highest market revenue share in 2023. It is attributed to their widespread adoption across various major industries such as packaging, automotive, construction, and textiles.

• The packaging end-use segment held the highest revenue share in 2023. It is attributed to the unique combination of flexibility, toughness, and barrier properties offered by ethylene copolymers, making them an ideal material for producing flexible packaging, shrink films, and containers.

• Asia Pacific led the market with the largest revenue share of 40.7% in 2023. This dominance is attributed to the rapid industrialization and urbanization in economies such as China, India, and South Korea, which has led to strong growth in the packaging, automotive, and construction sectors.

Ethylene Copolymers Market Segmentation

Grand View Research has segmented the global ethylene copolymers market report based on type, application, end use, and region:

Ethylene Copolymers Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Ethylene-vinyl acetate

• Ethylene ethyl acrylate

• Ethylene butyl acrylate

• Ethylene propylene

• Others

Ethylene Copolymers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Hot Melt Adhesives

• Asphalt Modifications

• Thermo-Adhesive Films

• Others

Ethylene Copolymers End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging

• Building & Construction

• Automotive

• Textiles

• Others

Ethylene Copolymers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • India

  • China

  • Australia

  • South Korea

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List Of Key Players in the Ethylene Copolymers Market

• BASF SE

• Dow

• DuPont

• Exxon Mobil Corporation

• Arkema

• Westlake Corporation

• Celanese Corporation

• LyondellBasell Industries Holdings B.V.

• Braskem

• Repsol

• SABIC

• Borealis AG

• Sumitomo Chemical Co., Ltd.

• LG Chem

• INEOS