According to a new report, published by KBV research, The Global Ethylene Copolymers Market size is expected to reach $75.56 billion by 2031, rising at a market growth of 5.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 25,100.0 kilo tonnes, experiencing a growth of 23.2% (2020-2023).
The Asphalt Modifications segment is experiencing a CAGR of 5.8% during (2024 - 2031). This segment benefits from the critical role of ethylene copolymers in enhancing asphalt performance for infrastructure development. These materials improve the elasticity, durability, and resistance of asphalt to deformation and cracking, making them indispensable for road construction and maintenance projects. The growing investments in infrastructure, particularly in developing regions, coupled with the increasing focus on long-lasting, low-maintenance roadways, are key drivers for using ethylene copolymers in this segment.
The Packaging segment is leading the Global Ethylene Copolymers Market by End Use in 2023; thereby, achieving a market value of $27.27 billion by 2031. The packaging segment is primarily driven by the rising demand for flexible, durable, and lightweight materials in the food, beverage, and e-commerce industries. Ethylene copolymers are favored for their excellent sealability, moisture resistance, and strength, making them ideal for films, laminates, and other packaging solutions. The global shift toward sustainable and recyclable packaging materials, along with the rapid growth of online shopping and consumer preferences for convenient packaging, further propels the demand in this segment.
The Ethylene Ethyl Acrylate segment is exhibiting a CAGR of 6.2% during (2024 - 2031). Ethylene ethyl acrylate (EEA) is propelled by its high flexibility, chemical resistance, and suitability for extreme conditions, making it a preferred choice in adhesives, coatings, and packaging. The automotive and construction industries are key drivers, leveraging EEA’s thermal stability and resilience performance. As industries seek high-performance polymers for demanding applications, the growth of EEA is further bolstered by its adaptability and reliability.
Full Report: https://www.kbvresearch.com/ethylene-copolymers-market/
The Asia Pacific region dominated the Global Ethylene Copolymers Market by Region in 2023; thereby, achieving a market value of $32.86 billion by 2031. The North America region is expected to witness a CAGR of 5% during (2024 - 2031). Additionally, The Europe region would register a CAGR of 5.3% during (2024 - 2031).
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By End Use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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