Ethylene Copolymers Market: Overview

The market size for Ethylene Copolymers Market was USD 44.3 Billion in 2021, and it is projected to grow at a CAGR of 3.8 percent during the forecast period. To create complex copolymers, ethylene is polymerized with other molecules, including vinyl, butyl, ethyl, and propylene. These copolymers are largely used in the automotive and packaging sectors. Over the forecast period, the market expansion is anticipated to be fueled by the growing acceptance of waste packaging recycling as an environmentally friendly practice.

As consumers become more conscientious of packaging waste and recycling, the business is anticipated to grow even more. The demand for ethylene copolymers is fueled by increased R&D efforts for technological and equipment advancement and innovative product offerings by businesses. The need for ethylene copolymers is gradually rising due to their properties, which include heat resistance, chemical reactivity, formulation flexibility, cohesion, and adhesion. The use of ethylene copolymers is anticipated to increase due to the packaging and automotive industries. Food packaging is anticipated to drive the market for ethylene copolymers. To create a cutting-edge value chain for plant-based furan dicarboxylic acid and polyethylene furonoate, which are used to create biodegradable products, Avantium N.V. was given a Horizon 2020 grant for 25 million euros ($28 million).

Worldwide, strong regulations demanding renewable and biodegradable materials are being enforced. A new era of technical materials is replacing the old conventional method of using plastics due to its negative effects on the environment. Modern environmentally friendly and renewable polymers include Polyethylene Furanoate (PEF), Polyhydroxyalkanoate (PHA), and other biopolymers. The rising threat of substitutes is constraining the market expansion for ethylene copolymers. A large portion of Saudi Aramco's petrochemical and polymer products would be sold and marketed by SABIC. A joint venture between Sadara and S-Oil in Malaysia called Pengerang Petrochemical Company also announced that it was handing over management to SABIC.

Ethylene Copolymers Market: COVID-19 Impact

The emergence of COVID-19, which the World Health Organization has classified as a pandemic, is significantly affecting the expansion of the ethylene copolymers industry globally. 2020 is expected to see a 3% decline in global GDP, according to the International Monetary Fund. According to the World Trade Organization, COVID-19's economic impact will result in a 13–32% decrease in world trade volumes in 2020. (WTO). The ethylene copolymers market must develop new strategies to combat the pandemic while fostering future market expansion.

Ethylene Copolymers Market: Drivers

Increased Research & Development in Market for Ethylene Copolymers Has Fueled Market Growth

The market is being driven by growth in ethylene copolymer research and development. The efficiency of traditional polycrystalline solar cells could be increased by 0.50% thanks to a new luminous ethylene-vinyl acetate (EVA) copolymer film created by scientists at China's Hebei University of Technology. Additionally, the film can transform powerful visible light into powerful ultraviolet light. The market for ethylene copolymers is expanding as a result of recent R&D.

Economies Seeking Green Energy Has Fueled Market Growth

The businesses are utilizing a variety of growth tactics and making significant investments to create cutting-edge, distinctive, and biodegradable products. A 28 million euro ($25 million) Horizon 2020 grant was awarded to Avantium N.V. to create a cutting-edge value chain for plant-based polyethylene furonoate and furan dicarboxylic acid, both of which are utilized to make biodegradable products. The new expansion is fueled by the rising demand for renewable and biodegradable materials. Products like bio-based EVA resin and green polyethylene guide global chemical industry innovation in a sustainable direction.

Ethylene Copolymers Market: Restraints

Easy Availability of Various Alternatives have become Major Restraint

Around the world, tough laws are being passed requiring renewable and biodegradable materials. Due to its detrimental impact on the environment, the old traditional method of using plastics is being replaced by new-age technical materials. Modern, sustainable polymers include those made of polyethylene furoate (PEF), polyhydroxyalkanoate (PHA), and other biopolymers.

Ethylene Copolymers Market: Segment Overview

Due to Increasing Product Adoption in Food Packaging, Hot Melt Adhesives Market has Grown

The ethylene copolymer market is segmented into thermal adhesive films, hot melt adhesives, asphalt modification, and other products based on application. The hot melt adhesives segment had a respectable share of these. The increase can be ascribed to the rising product demand from the woodworking, laminating, and food packaging sectors. EVA is preferred over other adhesive materials on the market because of its superior bonding capabilities, environmental friendliness, and high productivity. The vinyl acetate component of the copolymer promotes adhesion to non-polar substrates like polyethylene and contributes to the material's mechanical strength, paraffin solubility, and block resistance. Ethylene copolymer can therefore provide hot-melt adhesives with durability and versatility.

Packaging Sector Has Experienced Profitable Growth Driven by Increasing Product Demand from Consumer Goods Sector

Ethylene copolymers are used in food packaging because of their excellent properties, including toughness and flexibility. Over the forecast period, the market for ethylene copolymers is anticipated to be significantly impacted by the rising demand for packaged and convenience foods. The Asia Pacific area is expected to have the largest packaging market in the next years due to the region's growing working-class population and stabilizing economy. These are used as glue sticks made of EVA to form a solid, sticky connection. Globally and especially in Brazil, the construction industry is expanding due to improving economic conditions and supportive governmental policies. In turn, it is projected that the construction adhesive market will grow over the following several years.

Ethylene Copolymers Market: Regional Landscape

Due to Increased Product Usage in Construction of Commercial Buildings, Asia Pacific has Overtook Other Regions as a Leading Region

Over the anticipated period, the market share for ethylene copolymers in Asia Pacific is expected to expand significantly. The increase can be ascribed to the developing packaging in nations like China and India. The planned construction projects, expected to encourage product utilization in commercial and residential building applications, are another factor driving regional growth. The Asia Pacific also makes up a sizeable percentage of the global ethylene-propylene copolymers due to rising demand from the region's tyre manufacturing industry. As people's lives change and their purchasing power rise, notably in China and India, vehicle sales are increasing throughout the region. In China, India, Japan, and Malaysia, ethylene-propylene copolymers are often employed.

A significant expansion is anticipated in Europe, spurred by the trend toward technologically advanced structures. Additionally, the European Union (EU) is moving to use more modern materials to ensure the structural integrity of buildings. Such programs have the potential to accelerate regional company growth. Due to the growing inherent benefits of ethylene copolymers, expanding demand for beverages made from plants and lactose-free beverages, and increased packaging recyclability in this region, Europe is likely to experience expansion in the ethylene copolymers market.

Ethylene Copolymers Market: Competitive Landscape

To create a cutting-edge value chain for plant-based furan dicarboxylic acid and polyethylene furonoate, which are used to create biodegradable products, Avantium N.V. was given a Horizon 2020 grant for 25 million euros ($28 million). A large portion of Saudi Aramco's petrochemical and polymer products would be sold and marketed by SABIC. A joint venture between Sadara and S-Oil in Malaysia called Pengerang Petrochemical Company also announced that it was handing over management to SABIC.

Few of the Ethylene Copolymers Market players include DuPont, Celanese Corporation, The Dow Chemical Company, BASF SE, Sipchem, USI Corporation, LyondellBasell Industries N.V., Wacker Chemie AG, ExxonMobil Chemical Company and Lanxess AG.

Regional Classification of the Global Ethylene Copolymers Market is Listed Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Ethylene Copolymers Market

Ethylene Copolymers Market by Product/Technology/Grade, Application/End-user, and Region
Executive Summary (Opportunity Analysis and Key Trends)
Historical Market Size and Estimates, Value and Volume, 2019 - 2022
Volume Consumption at Regional and Country Level, 2023 - 2030
Market Dynamics and Economic Overview
Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
Regional and Product/Grade/Application/End-user Price Trends Analysis
Production Output Analysis (Major Producing Regions)
Value Chain and Five Force’s Analysis
Regional/Sub-region/Country Market Size and Trend Analysis
Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
1.1. Global Ethylene Copolymer Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
  2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Pre-covid and Post-covid Scenario
  2.5.2. Supply Impact
  2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE

3. Production Output and Trade Statistics, 2019 - 2022
3.1. Regional Production Statistics
  3.1.1. North America
  3.1.2. Europe
  3.1.3. Asia Pacific
  3.1.4. Latin America
  3.1.5. Middle East & Africa
3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Copolymer Type
4.4. By Region

5. Global Ethylene Copolymer Market Outlook, 2019 - 2030
5.1. Global Ethylene Copolymer Market Outlook, by Copolymer Type, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.1.1. Key Highlights
5.1.1.1. Ethylene Vinyl Acetate (EVA)
5.1.1.2. Ethylene Acrylic Acid Copolymer (EAA)
5.1.1.3. Ethylene Ethyl Acrylate (EEA)
5.1.1.4. Ethylene Methyl Acrylate (EMA)
5.1.1.5. Ethylene Butyl Acrylate (EBA)
5.1.1.6. Misc.
5.2. Global Ethylene Copolymer Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.2.1. Key Highlights
5.2.1.1. Hot Melt Adhesives
5.2.1.2. Asphalt Modifier
5.2.1.3. Barrier Coatings
5.2.1.4. Solar Films
5.2.1.5. Foam
5.2.1.6. Misc.
5.3. Global Ethylene Copolymer Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.3.1. Key Highlights
5.3.1.1. Packaging
5.3.1.2. Building & Construction
5.3.1.3. Automotive
5.3.1.4. Textiles
5.3.1.5. Sportswear & Footwear
5.3.1.6. PV Modules
5.3.1.7. Misc.
5.4. Global Ethylene Copolymer Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.4.1. Key Highlights
5.4.1.1. North America
5.4.1.2. Europe
5.4.1.3. Asia Pacific
5.4.1.4. Latin America
5.4.1.5. Middle East & Africa
  5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Ethylene Copolymer Market Outlook, 2019 - 2030
6.1. North America Ethylene Copolymer Market Outlook, by Copolymer Type, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  6.1.1. Key Highlights
6.1.1.1. Ethylene Vinyl Acetate (EVA)
6.1.1.2. Ethylene Acrylic Acid Copolymer (EAA)
6.1.1.3. Ethylene Ethyl Acrylate (EEA)
6.1.1.4. Ethylene Methyl Acrylate (EMA)
6.1.1.5. Ethylene Butyl Acrylate (EBA)
6.1.1.6. Misc.
6.2. North America Ethylene Copolymer Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  6.2.1. Key Highlights
6.2.1.1. Hot Melt Adhesives
6.2.1.2. Asphalt Modifier
6.2.1.3. Barrier Coatings
6.2.1.4. Solar Films
6.2.1.5. Foam
6.2.1.6. Misc.
6.3. North America Ethylene Copolymer Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  6.3.1. Key Highlights
6.3.1.1. Packaging
6.3.1.2. Building & Construction
6.3.1.3. Automotive
6.3.1.4. Textiles
6.3.1.5. Sportswear & Footwear
6.3.1.6. PV Modules
6.3.1.7. Misc.
6.4. North America Ethylene Copolymer Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  6.4.1. Key Highlights
6.4.1.1. U.S.
6.4.1.2. Canada
  6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Ethylene Copolymer Market Outlook, 2019 - 2030
7.1. Europe Ethylene Copolymer Market Outlook, by Copolymer Type, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.1.1. Key Highlights
7.1.1.1. Ethylene Vinyl Acetate (EVA)
7.1.1.2. Ethylene Acrylic Acid Copolymer (EAA)
7.1.1.3. Ethylene Ethyl Acrylate (EEA)
7.1.1.4. Ethylene Methyl Acrylate (EMA)
7.1.1.5. Ethylene Butyl Acrylate (EBA)
7.1.1.6. Misc.
7.2. Europe Ethylene Copolymer Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.2.1. Key Highlights
7.2.1.1. Hot Melt Adhesives
7.2.1.2. Asphalt Modifier
7.2.1.3. Barrier Coatings
7.2.1.4. Solar Films
7.2.1.5. Foam
7.2.1.6. Misc.
7.3. Europe Ethylene Copolymer Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.3.1. Key Highlights
7.3.1.1. Packaging
7.3.1.2. Building & Construction
7.3.1.3. Automotive
7.3.1.4. Textiles
7.3.1.5. Sportswear & Footwear
7.3.1.6. PV Modules
7.3.1.7. Misc.
7.4. Europe Ethylene Copolymer Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.4.1. Key Highlights
7.4.1.1. Germany
7.4.1.2. France
7.4.1.3. U.K.
7.4.1.4. Italy
7.4.1.5. Spain
7.4.1.6. Russia
7.4.1.7. Rest of Europe
  7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Ethylene Copolymer Market Outlook, 2019 - 2030
8.1. Asia Pacific Ethylene Copolymer Market Outlook, by Copolymer Type, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  8.1.1. Key Highlights
8.1.1.1. Ethylene Vinyl Acetate (EVA)
8.1.1.2. Ethylene Acrylic Acid Copolymer (EAA)
8.1.1.3. Ethylene Ethyl Acrylate (EEA)
8.1.1.4. Ethylene Methyl Acrylate (EMA)
8.1.1.5. Ethylene Butyl Acrylate (EBA)
8.1.1.6. Misc.
8.2. Asia Pacific Ethylene Copolymer Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  8.2.1. Key Highlights
8.2.1.1. Hot Melt Adhesives
8.2.1.2. Asphalt Modifier
8.2.1.3. Barrier Coatings
8.2.1.4. Solar Films
8.2.1.5. Foam
8.2.1.6. Misc.
8.3. Asia Pacific Ethylene Copolymer Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  8.3.1. Key Highlights
8.3.1.1. Packaging
8.3.1.2. Building & Construction
8.3.1.3. Automotive
8.3.1.4. Textiles
8.3.1.5. Sportswear & Footwear
8.3.1.6. PV Modules
8.3.1.7. Misc.
8.4. Asia Pacific Ethylene Copolymer Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  8.4.1. Key Highlights
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. South Korea
8.4.1.4. India
8.4.1.5. Southeast Asia
8.4.1.6. Rest of Asia Pacific
  8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Ethylene Copolymer Market Outlook, 2019 - 2030
9.1. Latin America Ethylene Copolymer Market Outlook, by Copolymer Type, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.1.1. Key Highlights
9.1.1.1. Ethylene Vinyl Acetate (EVA)
9.1.1.2. Ethylene Acrylic Acid Copolymer (EAA)
9.1.1.3. Ethylene Ethyl Acrylate (EEA)
9.1.1.4. Ethylene Methyl Acrylate (EMA)
9.1.1.5. Ethylene Butyl Acrylate (EBA)
9.1.1.6. Misc.
9.2. Latin America Ethylene Copolymer Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.2.1. Key Highlights
9.2.1.1. Hot Melt Adhesives
9.2.1.2. Asphalt Modifier
9.2.1.3. Barrier Coatings
9.2.1.4. Solar Films
9.2.1.5. Foam
9.2.1.6. Misc.
9.3. Latin America Ethylene Copolymer Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.3.1. Key Highlights
9.3.1.1. Packaging
9.3.1.2. Building & Construction
9.3.1.3. Automotive
9.3.1.4. Textiles
9.3.1.5. Sportswear & Footwear
9.3.1.6. PV Modules
9.3.1.7. Misc.
9.4. Latin America Ethylene Copolymer Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.4.1. Key Highlights
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
  9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Ethylene Copolymer Market Outlook, 2019 - 2030
10.1. Middle East & Africa Ethylene Copolymer Market Outlook, by Copolymer Type, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.1.1. Key Highlights
10.1.1.1. Ethylene Vinyl Acetate (EVA)
10.1.1.2. Ethylene Acrylic Acid Copolymer (EAA)
10.1.1.3. Ethylene Ethyl Acrylate (EEA)
10.1.1.4. Ethylene Methyl Acrylate (EMA)
10.1.1.5. Ethylene Butyl Acrylate (EBA)
10.1.1.6. Misc.
10.2. Middle East & Africa Ethylene Copolymer Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.2.1. Key Highlights
10.2.1.1. Hot Melt Adhesives
10.2.1.2. Asphalt Modifier
10.2.1.3. Barrier Coatings
10.2.1.4. Solar Films
10.2.1.5. Foam
10.2.1.6. Misc.
10.3. Middle East & Africa Ethylene Copolymer Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.3.1. Key Highlights
10.3.1.1. Packaging
10.3.1.2. Building & Construction
10.3.1.3. Automotive
10.3.1.4. Textiles
10.3.1.5. Sportswear & Footwear
10.3.1.6. PV Modules
10.3.1.7. Misc.
10.4. Middle East & Africa Ethylene Copolymer Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.4.1. Key Highlights
10.4.1.1. GCC
10.4.1.2. South Africa
10.4.1.3. Rest of Middle East & Africa
  10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
  11.3.1. Celanese Corporation
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
  11.3.2. BASF SE
  11.3.3. Exxon Mobil Corporation
  11.3.4. LyondellBasell Industries N.V.
  11.3.5. Lanxess
  11.3.6. SABIC
  11.3.7. USI Corporation
  11.3.8. Sipchem
  11.3.9. The Dow Chemical Company
  11.3.10. REPSOL
  11.3.11. Sinopec
  11.3.12. TotalEnergies SE
  11.3.13. Westlake Corporation

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Ethylene Copolymers Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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