Ethylene Copolymers Market: Growing demand for EVA foam of high purity-IndustryARC.
Ethylene undergoes polymerization with different molecules to form Ethylene Copolymers and these materials have great applications in various end user industries. This market has a great potential for growth due to its versatile usage of different materials for different purposes, according to the industry. Ethylene Vinyl Acetate is one of the most prominent Ethylene Copolymer used in Ethylene Copolymers Market. This product is used in various companies; with EVA plastic being the most used type.
North America holds the largest share in the Global Ethylene Copolymers Market. The highest market share is due to the presence of dominant end user industries such as food and beverage industry, consumer goods, automotive industry, transportation, medicine etc.
Europe is the second major shareholder of Global Ethylene Copolymers Market and is followed by APAC region. APAC region will witness remarkable growth in this market in upcoming years due to EVA materials and other Copolymers demand.
Ethylene Copolymers Market is estimated to grow at a CAGR of 8.8% during the forecast period of 2015 – 2020. This market owes its growth to the major investors investing in this market by predicting the scope of this product for future. These products have demand in global level and other regions apart from the North America and Europe are interested in investing in this market. China can be developed as manufacturer for this market in upcoming years for APAC region.
Ethylene Copolymers Market is categorized into segments by type, by application and by region in market research report by IndustryARC as:
- By type: Ethylene-vinyl Acetate (EVA) Copolymer, Ethylene Ethyl Acrylate Copolymer (EEA), Ethylene Butyl Acrylate Copolymer (EBAC) and Ethylene-propylene Copolymer (EPC)
- By application: packaging, consumer goods, biomedical engineering and healthcare, transportation, textiles, lamination, automotive and others
- By region: North America, South America, Europe, APAC and ROW.
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Some of the top companies in Ethylene Copolymers Market which produces huge quantity of Ethylene Copolymers as per market demand are:
- Dow Chemical Company
- SipChem Chemicals
The Ethylene Copolymers Market is estimated to grow at a significant pace in upcoming years due to its demand from packaging, biomedical and consumer goods sector etc. Many new uses of these products in other industries can also take place in future.
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