The Ethylene Acrylic Acid Copolymer Market is being driven by Increasing demand in food packaging industry
The Ethylene Acrylic Acid Copolymer Market is expected to grow at a CAGR of 11.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 299.8 million. The ethylene acrylic acid copolymer (EAA) market is significantly influenced by the shifting trend towards bio-based acrylic acid. Derived from petrochemicals through various processes, acrylic acid is a crucial component of EAA copolymers. However, the increasing preference for eco-friendly alternatives has led to the exploration of renewable resources for acrylic acid production. Biotransformation methodologies have emerged as promising avenues for deriving acrylic acid from sugar and glycerol. Global crude oil price volatility and unforeseen price surges have compelled acrylic manufacturers to seek alternatives to petroleum-based feedstocks. Consequently, the adoption of sugar and glycerol as raw materials for acrylic acid production has gained traction. Furthermore, advancements in acrylic acid purification technologies have facilitated the replacement of traditional distillation and crystallization methods with more efficient melt crystallization and liquid-liquid crystallization techniques. These developments are expected to shape the ethylene acrylic acid copolymer market dynamics during the forecast period.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
208 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.4% |
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Market growth 2025-2029 |
USD 299.8 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
9.9 |
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Key countries |
China, US, Brazil, Germany, Japan, France, India, Canada, UK, and UAE |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The global Ethylene Acrylic Acid Copolymer (EAA) market is driven by surging worldwide demand for petroleum-based acrylic acid and ethylene derivatives. Bio-based acrylic acid is gaining traction due to its eco-friendliness, but petroleum-based chemicals continue to dominate. Changing lifestyle trends influence the use of EAA copolymer resins in food packaging, construction activities, and other industries. Adverse effects on health and the environment from petroleum-based chemicals are a concern, leading to research on alternatives. Aqueous alkali, amines, and other additives are used in the production of EAA resins for improved adhesion to polar substrates, used in primers, inks, adhesives, and barrier coatings. Product pricing and GDP growth rate influence market size and trends.
The global specialty chemicals market, encompassing manufacturers of high-value-added chemicals used in the production of various products such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings, is experiencing significant growth. This expansion is primarily attributed to the increasing demand for specialty adhesives and sealants, which are in high demand due to evolving lifestyle trends. Additionally, the shift from petroleum-based chemicals to both petroleum-based acrylic acid and bio-based acrylic acid in the production of Ethylene Acrylic Acid Copolymer (EAA) resins is another key factor fueling market growth. However, it is essential to acknowledge potential adverse effects of these chemicals on the environment and human health, necessitating ongoing research and development efforts to mitigate these concerns. The global specialty chemicals market size is projected to grow steadily, driven by these factors and the expanding application scope of specialty chemicals in various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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