Global EAA and EMAA Copolymer Market Size to Surpass USD 2.11 Billion by 2031
According to a recent market study published by Growth Market Reports, titled, “EAA and EMAA Copolymer Market by Product (Ethylene Acrylic Acid and Ethylene Methacrylic Acid), Application (Packaging, Powder Coating, Hot-melt Adhesive, Water-based Solvent, and Others), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the global market size was valued at USD 1.553 Bn in 2022 and is projected to reach USD 2.115 Bn by 2031, expanding at a CAGR of 3.7% during the forecast period, 2023-2031.
Key Market Players Profiled in the Report
- BASF SE
- Dow
- Exxon Mobil Corporation
- Honeywell International Inc
- INEOS
- Prasol Chemicals Limited
- SNP, Inc
- LyondellBasell Industries Holdings B.V.
- SK geo centric Co., Ltd.
- Michelman, Inc
- Jiangsu Victory Chemical Co., Ltd
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include type, device, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
Market Segment Highlights:
Based on region, the global EAA and EMAA Copolymer Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to dominate the global EAA and EMAA Copolymer market due to the increasing demand for EAA and EMAA copolymers in different industries for various purposes such as packaging, hot-melt adhesives and with the presence of a large number of packaging films manufacturers in the emerging economies such as Japan and China.
The market in North America is anticipated to register a considerable CAGR during the forecast period as the demand for packaged and convenience food is rapidly increasing which results in the increase in demand for EAA copolymers for packaging purposes.
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Key Takeaways from the Study:
- Ethylene Acrylic Acid Copolymers (EAA) is produced by the reaction of acrylic and ethylene acid and Ethylene Methacrylic Acid Copolymers (EMAA) are produced by reacting ethylene and methacrylic acid.
- These copolymer resins offer excellent adhesion to polar substrates without any primers and these are used for cable shielding and for packaging purposes for acidic food products.
- EAA has several properties such as heat-sealing capabilities which make it ideal for high-speed packing. It is widely used for dry-food packaging, laminated tube packaging, and alcohol swabs.
- The demand for Ethylene Methacrylic Acid Copolymer (EMAA) is rapidly increasing in the textile industry as industrialization is growing in emerging economies.
- Global companies are focusing on increasing the production of bio-based acrylic acid to minimize atmospheric CO emissions.
- On the basis of product, the ethylene acrylic acid segment holds a large share of the market as it is widely used in various industries such as packaging, paints & coatings, textile, automotive, and others.
- Based on application, the powder coating segment is expected to register a considerable CAGR in the forecast period as these are used as alternatives for traditional systematic coatings.
Read 234 Pages Research Report with Detailed TOC on “EAA and EMAA Copolymer Market
Segments – by Product (Ethylene Acrylic Acid and Ethylene Methacrylic Acid), Application (Packaging, Powder Coating, Hot-melt Adhesive, Water-based Solvent, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031”
Key Segments Covered
Product
- Ethylene Acrylic Acid
- Ethylene Methacrylic Acid
Application
- Packaging
- Powder Coating
- Hot-melt Adhesive
- Water-based Solvent
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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