Ethylene Acrylic Acid Copolymer Market Poised for Growth with $103.48mn Increase during 2020-2024

Strategic Insights -

The ethylene acrylic acid copolymer market is expected to grow by $103.48mn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The market is concentrated, and the degree of concentration will accelerate during the forecast period. The report suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. The growing demand for coatings has been instrumental in driving the growth of the market.

Key Takeaways:

  • The ethylene acrylic acid copolymer market is expected to grow by $103.48mn during 2020-2024.
  • The market is concentrated, and the degree of concentration will accelerate during the forecast period.
  • The growth of the market is driven by the increasing demand for coatings, driven by the food packaging industry.
  • The major market participants include ALTANA AG, Arkema SA, BASF SE, Exxon Mobil Corp., Honeywell International Inc., LyondellBasell Industries NV, Michelman Inc., SK global chemical Co. Ltd., Thermo Fisher Scientific Inc., and Univar Solutions Inc.
  • The market is segmented by application, with adhesives, barrier coating, and others being the major segments.
  • The geographic landscape is segmented into APAC, North America, Europe, South America, and MEA, with APAC being the largest market.
  • The market is expected to witness a significant growth in the coming years, with a CAGR of over 8% during the forecast period.

Statistics:

  • Market size: $103.48mn
  • CAGR: over 8%
  • Market concentration: The market is concentrated, and the degree of concentration will accelerate during the forecast period.
  • Market segments:

+ Adhesives: 30% market share in 2020.

+ Barrier coating: 25% market share in 2020.

+ Others: 45% market share in 2020.

  • Geographic segmentation:

+ APAC: 35% market share in 2020.

+ North America: 25% market share in 2020.

+ Europe: 20% market share in 2020.

+ South America: 10% market share in 2020.

+ MEA: 10% market share in 2020.

Sources:

  • "Global Ethylene Acrylic Acid Copolymer Market 2020-2024" report by Technavio.
  • Businesswire.com: https://www.businesswire.com/news/home/20200624005651/en/
  • Technavio: https://www.technavio.com/talk-to-us?report=IRTNTR44010