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Ethylene Acrylic Acid (EAA) Copolymers Market

Ethylene Acrylic Acid (EAA) Copolymers Market Size, Share, Growth & Forecast Analysis, By Type (20wt% Comonomers, 9wt% Comonomers, 5wt% Comonomers), By Application (Adhesives, Barrier Coatings, Inks), & Region - Global Market Insights 2022-2032

Analysis of Ethylene Acrylic Acid (EAA) Copolymers Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Ethylene Acrylic Acid (EAA) Copolymers Market Outlook (2022-2032)

Presently, the global ethylene acrylic acid (EAA) copolymers market accounts for a revenue value of US$ 332 million and is forecasted to surpass US$ 600 million by the end of 2032. Worldwide demand for ethylene acrylic acid copolymers is predicted to increase at a robust 6.1% CAGR over the next ten years.

Primarily, petroleum-based acrylic acid was used to drive market growth in the past, but this is changing as the preference for bio-based acrylic acid is rising and awareness of the adverse effects of petroleum-based chemicals is increasing. This factor is anticipated to crucially shape the future ethylene acrylic acid copolymer demand.

Increasing demand for eco-friendly and sustainable polymers, changing lifestyle trends, extensive use of EAA copolymer resins in food packaging, rising investments in research & development of bio-based acrylic acids, increasing construction activities, and growing automotive production are other factors that could potentially boost ethylene acrylic acid copolymer shipments in the future.

On the contrary, fluctuations in raw material pricing are also projected to have a restraining effect on the overall market development over the coming years. Moreover, rising environmental concerns regarding the use of petroleum-based acrylic acid and uncertainty in crude oil supply due to changing political-economic landscape are also expected to impede the market for ethylene acrylic acid (EAA) copolymers going forward.

Sales of ethylene acrylic acid copolymers are anticipated to rise at the fastest pace in the Asia Pacific region and it is expected to be the most opportune market for key players in the global ethylene acrylic acid copolymers market throughout the forecast period.

Rising investments in infrastructure development, high demand for barrier coatings, flourishing automotive production, and growing demand for food packaging owing to changing lifestyle trends in the region are the prime factors that are expected to govern market growth through 2032. Japan, China, India, Korea, and Indonesia are projected to be highly rewarding markets in Asia Pacific over the next ten years.

Demand for ethylene acrylic acid copolymers in China is forecasted to progress at a 7% CAGR through 2032 and is expected to rake in a revenue valuation of US$ 200 million by the end of the forecast period.

More valuable and beneficial business insights regarding market growth and opportunities have been discussed extensively in this brand-new EAA copolymers market research report by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Report Attributes

Details

Market Size (2022)

US$ 332 Million

Projected Market Value (2032F)

US$ 601 Million

Global Market Growth Rate (2022-2032)

6.1% CAGR

United States Market Value (2022)

US$ 95 Million

Barrier Coatings Segment Growth Rate (2022-2032)

7.8% CAGR

Canada Market Growth Rate (2022-2032)

5.7% CAGR

Adhesives Segment Market Value (2032F)

US$ 200 Million

Japan Market Growth Rate (2022-2032)

4.4% CAGR

Key Companies Profiled

  • Arkema Group
  • Jiangsu Victory Chemical Co. Ltd.
  • DowDuPont
  • KPL International Limited
  • Exxon Mobil
  • Honeywell International
  • NIPPON SHOKUBAI Co. Ltd.
  • LyondellBasell Industries Holdings
  • SK Global Chemical Co. Ltd.
  • BASF
  • Michelman
  • Shandong Taihe Water Treatment Technologies Co. Ltd.

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What Strategies are Being Adopted by Prime Ethylene Acrylic Acid Copolymer Suppliers?

Chemical companies are witnessing major shifts in their operational procedures owing to a rising focus on sustainability and strict environmental conservation laws that are being implemented by governments and regulatory authorities across the world. This is expected to create new opportunities and challenges as well for ethylene acrylic acid copolymer manufacturers in the future that are expected to determine market growth through 2032.

Prime ethylene acrylic acid copolymer vendors are focusing on incorporating sustainability in their business model and reducing their carbon footprint to increase their brand value on a global scale amidst an environment-conscious population.

  • In August 2022, SK Geo Centric, a subsidiary of SK Innovation based in South Korea publicly discussed its plans for a circular economy in the Asian region. The company’s SK Geo Centric Plastic & Waste Zero strategy aims to recycle around 2.5 million tons of used plastic and use that to expand the production capacity of EAA copolymers and other eco-friendly ethylene copolymers up to 100% by 2027.

Ethylene acrylic acid eaa copolymers market forecast by Fact.MR

Ethylene Acrylic Acid (EAA) Copolymers Market

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Country-wise Insights

Where are Sales of Ethylene Acrylic Acid Copolymers the Highest in North America?

“United States to Lead Ethylene Acrylic Acid Copolymer Demand”

As of 2022, the demand for ethylene acrylic acid copolymers in the United States accounts for a revenue value of around US$ 95 million. Changing lifestyle trends, high demand for packaged and convenience foods, and increasing automotive production are some of the prime factors that are expected to govern market evolution in the U.S. across the forecast period. High investments in research & development from the government and the presence of robust chemical manufacturing facilities in the country are also expected to open up new doors for market growth.

Meanwhile, the market for ethylene acrylic acid copolymers in Canada is also expected to exhibit highly opportunistic growth scope in the future with a rising focus on sustainability and evolving demand for food packaging. Shipments of ethylene acrylic acid copolymers in Canada are projected to rise at a 5.7% CAGR through 2032.

What Opportunities for the Ethylene Acrylic Acid (EAA) Copolymers Market in Korea Could Companies Explore?

“Robust Chemical Manufacturing Activities Offer Lucrative Business Scope”

Korea is home to some of the most prominent chemical manufacturing companies in the world and is known as the 5th largest chemical industry in the world at present. This creates highly attractive business opportunities for ethylene acrylic acid copolymer manufacturer in the country and potentially drive market growth over the coming years.

  • In May 2021, SK Global Chemical, a company based in South Korea signed a Memorandum of Understanding (MoU) with Zhejiang Satellite, a Chinese company to establish a joint company that is responsible for the sales and production of ethylene acrylic acid (EAA).

Such efforts by chemical manufacturers in Korea are expected to be frequent in the coming years and this can be ascribed to the rising demand for ethylene acrylic acid resins and ethylene acrylic acid copolymers.

Similar factors are anticipated to steer the growth of the ethylene acrylic acid (EAA) copolymer market in Japan across the forecast period. Shipments of Ethylene Acrylic Acid copolymers are predicted to increase at a 4.4% CAGR from 2022 to 2032.

How Will Sales of Ethylene Acrylic Acid Copolymers Fare in Europe?

“Presence of Well-established Food Industry in the Region”

The food industry in the European region is one of the most lucrative ones in the world and evolving food trends and demands across the world are expected to provide more lucrative business scope for this industry in the future. High demand for food packaging in this region is a key factor that is expected to drive ethylene acrylic acid copolymer sales in Europe across the forecast period.

Moreover, the presence of key automotive manufacturers in this region is also expected to drive ethylene acrylic acid copolymer demand as their use in automotive production is increasing substantially.

Germany, Italy, France, Spain, and the United Kingdom are anticipated to be some of the most rewarding markets in Europe going forward. Demand for ethylene acrylic acid copolymers in Germany is estimated to progress at 5.4% from 2022 to 2032.

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Category-wise Insights

Which Application of EAA Copolymers Accounts for Dominant Market Share?

“Adhesives Account for Highest Share in Global Market”

Based on application, the market for ethylene acrylic acid (EAA) copolymers is segmented into adhesives, inks, barrier coatings, and other applications.

Currently, adhesives account for a lion’s share in the global marketplace and are expected to maintain a similar stance through 2032. The high use of adhesives in food packaging and packing applications is expected to boost growth in this segment. Moreover, the flourishing e-commerce industry and high demand for packaged foods are also expected to drive demand for ethylene acrylic acid copolymers in adhesive applications at 4.8% CAGR to account for US$ 200 million in revenue by the end of 2032.

Sales of ethylene acrylic acid copolymers for barrier coatings are estimated to rise at a high CAGR of 7.8% over the next ten years owing to the high use of barrier coatings in the construction industry.

Key Segments of Ethylene Acrylic Acid (EAA) Copolymers Industry Research

  • By Type :

    • 20wt% Comonomers
    • 9wt% Comonomers
    • 5wt% Comonomers
  • By Application :

    • Adhesives
    • Barrier Coatings
    • Inks
    • Other Applications
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

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In 2022, the market for ethylene acrylic acid copolymers is valued at US$ 332 million.

Sales of ethylene acrylic acid copolymers are estimated to reach US$ 601 million by 2032-end.

Ethylene acrylic acid copolymer demand is set to increase at 6.1% CAGR over the next ten years.

Demand for ethylene acrylic acid copolymers in China is predicted to reach US$ 200 million by the end of 2032.

Jiangsu Victory Chemical Co. Ltd., DowDuPont, KPL International Limited, Exxon Mobil, Honeywell International, NIPPON SHOKUBAI Co. Ltd., LyondellBasell Industries Holdings, and SK Global Chemical Co. Ltd. are major manufacturers of EAA copolymers.

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