Global Ethylene Acrylic Acid Copolymer Market 2018-2022
About Ethylene Acrylic Acid Copolymer
EAA copolymer comprises ethylene and acrylic acid and exhibits properties of both the compounds. The compound is dispersible in aqueous alkali and amines.
Technavio’s analysts forecast the global ethylene acrylic acid copolymer market to grow at a CAGR of 8.63% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global ethylene acrylic acid copolymer market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ethylene Acrylic Acid Copolymer Market 2018-2022
Technavio recognizes the following companies as the key players in the global ethylene acrylic acid copolymer market: Arkema Group, DowDuPont, Exxon Mobil, Honeywell International, and LyondellBasell Industries Holdings.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in demand for bio-based acrylic acid. Acrylic acid is the key component of EAA copolymers. The rising popularity of bio-based acrylic acid over petroleum-based acrylic acid will impact the prospects of the global EAA copolymer market during 2018-2022.”
According to the report, one driver in the market is increasing demand in the food packaging industry. Ethylene acrylic acid copolymer (EAA copolymer) is extensively used in the food packaging industry for multiple packaging applications due to its adhesive properties with packaging substrates including LDPE, paper, polyamides, and foil.
Further, the report states that one challenge in the market is fluctuations in raw-material prices. Fluctuating prices of raw materials negatively impact the growth of the global EAA copolymer market. The cost of EAA copolymers depends on the costs associated with raw materials.