Pune, India, Sept. 07, 2022 (GLOBE NEWSWIRE) — The global ethylene copolymer market size was estimated $45.0 billion in 2021 and $46.5 billion in 2022. It is expected to reach $61.1 billion until 2029 with a CAGR of 4.0% over the estimated period. The increase is due to the growing preference for the use of copolymers in the packaging, transportation and construction industries.
This is complemented by the increasing demand in the furniture and packaging sectors, as quoted Fortune Business Insights™ in his research paper entitled “Ethylene Copolymer Market, 2022-2029”.
List of Key Players Mentioned in the Report:
- LG Chem (South Korea)
- Tosoh Corporation (Japan)
- Redox (USA)
- INEOS Group Ltd (UK)
- Repsol (Spain)
- BASF SE (Germany)
- ExxonMobil Corporation (USA)
- SABIC (Saudi Arabia)
- Dow Chemical Company (USA)
- Dupont (USA)
Request a PDF sample brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/ethylene-copolymer-market-102893
Effects of COVID-19:
Industry growth hampered by disruptions in finished goods supply
The COVID-19 pandemic has caused disruptions in the supply chain, resulting in a restriction in the movement of materials. The crisis has further impacted sales in the automotive sector due to the closure of production facilities and supply difficulties for raw materials such as paint and packaging materials. These factors have influenced the demand for ethylene copolymers in various applications to a considerable extent.
Segments:
The segment of ethylene vinyl acetate copolymers will gain importance due to the property of puncture resistance
The ethylene vinyl acetate copolymers segment is expected to witness significant expansion over the analysis period. The increase is due to a number of beneficial properties, such as: B. Good puncture resistance and exceptional adhesion to many polar and non-porous substrates
The hot melt adhesives segment is gaining traction due to increasing product acceptance in food packaging
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