What is Global Ethylene Acrylic Acid Adhesive Market?
The Global Ethylene Acrylic Acid Adhesive Market is a vast and dynamic sector that encompasses a wide range of products and applications. This market revolves around the production and distribution of adhesives made from ethylene and acrylic acid, two common chemical compounds. These adhesives are known for their excellent bonding properties and resistance to heat, chemicals, and moisture, making them ideal for various industrial applications. The market's value was estimated at US$ 1470.9 million in 2022, and it is projected to grow to US$ 1680.7 million by 2029, indicating a steady increase in demand for these adhesives.
Film Grade, Extrusion Coating Grade, Dispersible Grade in the Global Ethylene Acrylic Acid Adhesive Market:
The Global Ethylene Acrylic Acid Adhesive Market is segmented into three main categories based on product type: Film Grade, Extrusion Coating Grade, and Dispersible Grade. Film Grade adhesives are typically used in packaging applications due to their superior sealing properties and resistance to moisture. Extrusion Coating Grade adhesives, which account for over 65% of the market share, are commonly used in industrial applications due to their excellent adhesion and heat resistance. Dispersible Grade adhesives, on the other hand, are designed to be easily dispersed in water, making them ideal for use in a variety of applications where easy application and clean-up are required.
Packaging, Industrial, Others in the Global Ethylene Acrylic Acid Adhesive Market:
The Global Ethylene Acrylic Acid Adhesive Market finds its usage in various areas such as Packaging, Industrial, and Others. In the packaging industry, these adhesives are used to seal packages and protect goods from moisture and other environmental factors. In the industrial sector, they are used in a variety of applications, including bonding metal surfaces, sealing pipes and tanks, and coating wires and cables. Other applications of these adhesives include construction, automotive, and electronics, where they are used for their excellent bonding properties and resistance to heat and chemicals.
Global Ethylene Acrylic Acid Adhesive Market Outlook:
The global Ethylene Acrylic Acid Adhesive market has shown promising growth in recent years. In 2022, the market was valued at US$ 1470.9 million and is expected to reach US$ 1680.7 million by 2029, growing at a CAGR of 1.9% during the forecast period of 2023-2029. North America has been the dominant player in this market, accounting for about 35% of the global share. The Extrusion Coating Grade segment has been the major contributor to the market revenue, accounting for over 65% of the market share, while the other segments collectively account for about 30% of the market share.
| Report Metric | Details |
| Report Name | Ethylene Acrylic Acid Adhesive Market |
| Accounted market size in 2023 | US$ 1470.9 million |
| Forecasted market size in 2030 | US$ 1680.7 million |
| CAGR | 1.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | DuPont, ExxonMobil Chemical, Honeywell, LyondellBasell, Michelman, BYK |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
