June 06, 2022 10:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
Valley Cottage, New York, UNITED STATES
NEWARK, Del, June 06, 2022 (GLOBE NEWSWIRE) -- The ethylene copolymers market is anticipated to have a steady CAGR of 4.2% during the period 2022-2032. The ethylene copolymers market size is predicted to grow from US$ 57.4 Bn in 2022 to US$ 86.6 Billion in 2032.
The global vehicle industry's increasing need for ethylene copolymers is regarded as a key driver driving the global ethylene copolymers market. Ethylene copolymers are used to make weatherstripping and seals for automobiles. These copolymers are added to motor oils as a supplement. Engine mounts, brake parts, and windshield wipers are among the products made with them.
Another major factor driving demand for ethylene copolymers is an increase in the need for industrial rubber for use in tire manufacturing. The worldwide vehicle rubber-molded components market is expected to be revolutionised in the near future as a result of research and development operations in the automobile and automobile component sectors.
During the forecast period, demand for ethylene copolymers s is expected to be driven by innovations (such as eco-friendly rubber components made from soy oil) and research labs working to develop better and more durable rubber materials (such as EPDM). The global e ethylene copolymers market is expected to benefit from an increase in demand for lightweight automotive components in order to produce more fuel-efficient automobiles.
Request a Report Sample to gain comprehensive insights @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14888
Because of its qualities, such as heat resistance, chemical reactivity, formulation flexibility, and cohesion and adhesion, demand for ethylene copolymers is gradually increasing. The packaging and automobile industries are also expected to boost the demand for ethylene copolymers. The demand for ethylene copolymers is projected to be fuelled by food packaging.
As per the ethylene copolymers market analysis, the industry is expected to increase further as customers become more mindful of waste packaging and recycling. Increased R&D initiatives for technological and equipment development, as well as creative product offerings by companies, are all contributing to the growth of the ethylene copolymer market.
The adoption of ethylene copolymers may be hampered by fluctuating raw material prices and regulatory regulations on various compounds. Nonetheless, there are chances for ethylene copolymers market players to engage in this market, given the consistent growth of the chemical processing industry and the automotive and packaging industries.
Feel free to Ask your Queries @ https://www.futuremarketinsights.com/ask-question/rep-gb-14888
Product launches, product approvals, and other growth initiatives such as patents and events are all being focused on by various companies. Acquisitions, as well as partnerships and collaborations, were among the ethylene copolymers market's growth tactics. These initiatives have paved the road for market players to expand their business and client base.
The major players covered in the ethylene copolymers market report are BASF SE, Celanese Corporation, Dow, Exxon Mobil Corporation, N SHASHIKANT & CO., Benson Polymers Limited, Dycon Chemicals, Triveni chemicals, AVH Polychem Private Limited., Sushila Parmar International Pvt. Ltd, Amatya Impex Private Limited., Jai Chemicals., Trinity Pigment Industries, Khushi Enterprises LANXESS, LyondellBasell Industries Holdings B.V, Sipchem and USI Corporation, among other domestic and global players.
The businesses are pursuing a variety of growth strategies and spending heavily in the development of technologically advanced, one-of-a-kind, and biodegradable products to change the ethylene copolymers market outlook.
Avantium N.V. was awarded a Horizon 2020 grant for 25 million euros ($28 million) to develop an innovative value chain for plant-based furan dicarboxylic acid and polyethene furonoate, which are used to make biodegradable products. The new expansion is being fueled by an increase in demand for renewable and biodegradable materials. Green polyethylene and bio-based EVA resin, for example, are guiding the chemical sector toward more sustainable innovation.
How does COVID-19 influence the Ethylene Copolymers Market?
The introduction of COVID-19, which the World Health Organization has labeled a pandemic, is having a significant influence on worldwide ethylene copolymers economic growth. Global GDP is anticipated to fall by 3% in 2020, according to the International Monetary Fund.
The economic impact of COVID-19 is expected to reduce global trade volumes by 13 to 32 percent in 2020, according to the World Trade Organization (WTO).
The ethylene copolymers market must now devise new tactics to deal with the pandemic while also propelling the future market growth.
Buy Now @ https://www.futuremarketinsights.com/checkout/14888
1.3. Key Market Characteristics & Attributes
3. Market Risks and Trends Assessment
3.1.1. COVID-19 Crisis and Impact on Ethylene Copolymers Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4.1. Ethylene Copolymers Market, by Key Countries
4.2. Ethylene Copolymers Market Opportunity Assessment (US$ Mn)
4.5. Forecast Factors - Relevance & Impact
4.5.2. Growth in Automation, By Country
4.5.3. Ethylene Copolymers Adoption Rate, By Country
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
6. Global Ethylene Copolymers Market Demand Analysis 2015-2021 and Forecast, 2022-2032
6.2. Current and Future Market Projections, 2022-2032
Request a Complete TOC of this Report with figures @ https://www.futuremarketinsights.com/toc/rep-gb-14888
Have a Look at Related Research Reports of Chemical & Materials:
Cumene Market: The cumene market is anticipated to register a CAGR of 5.4% during the period of 2022-2032. The cumene market is anticipated to reach US$ 42.7 Billion in 2032, from US$ 25.1 Billion in 2022. The market was valued at US$ 23.5 Billion in 2021, and is expected to grow with a Y-O-Y growth rate of 6.8%.
Corrosion Inhibitors Market: The corrosion inhibitors market is anticipated to document a CAGR of 4.1% during the period of 2022-2032. The Corrosion Inhibitors Market is anticipated to reach US$ 12.4 Billion in 2032, from US$ 8.3 Billion in 2022. The market was valued at US$ 7.9 Billion in 2021, and is expected to grow with a Y-O-Y growth rate of 5.0%.
Electronic Materials and Chemicals Market: The electronic materials and chemicals market is anticipated to have a significant CAGR of 5.4% during the period of 2022-2032. According to FMI, the electronic materials and chemicals market will expand from US$ 71.6 billion in 2022 to US$ 121.7 billion in 2032. Previously, the market developed at a higher rate of 6% per year from 2015 to 2021, reaching a market size of US$ 67.5 billion in 2021.
Agricultural Grade Zinc Chemical Market: The global agricultural grade zinc chemical market garnered US$ 716 Million in 2021, and is likely to exhibit a Y-o-Y increase of 9.1% to be valued at US$ 760 Million in 2022. Owing to the increasing advancement in technology, the market is likely to propel to US$ 1.3 Billion by 2032. The trade is projected at a 5.4% CAGR during the forecast period.
Acrylic Acid Market: The acrylic acid market is anticipated to register a CAGR of 4.5% during the period of 2022-2032. The acrylic acid market is anticipated to reach US$ 22.6 Billion in 2032, from US$ 14.6 Billion in 2022.
Magnesium Carbonate Market: The global magnesium carbonate market was valued at around US$ 267.3 Mn in 2021, registering Y-O-Y growth of 4.4%. Magnesium carbonate sales are projected to increase at a CAGR of 4.7% by 2032.
Paraffins Market: The global paraffins market is estimated at 3.4%. While the value projection for the year 2022 is US$ 6.1 Billion, the market garnered revenue worth US$ 5.9 Billion in 2021. With a notable expansion of the key industrial sectors, the global market for paraffins is projected to hold various expansion opportunities and secure US$ 9.4 Billion by 2032. The estimated CAGR, from 2022 to 2032, is 4.4%.
Polymerization Initiators Market: The global polymerization initiators market is forecast to top US$ 1.3 Bn in 2022. Polymerization initiators sales are projected to increase at a healthy CAGR of 4.9%, totaling US$ 2.1 Bn by 2032. Growing demand for polymerization initiators in plastics production, which are widely used in various end-use industries, is expected to boost demand for polymerization initiators.
Neon Gas Market: The global neon gas market is anticipated to be worth US$ 222.9 Mn in 2022. With sales growing at a healthy 7% CAGR, the market valuation will reach US$ 439.1 Mn by 2032.
Xenon Gas Market: The global xenon gas market is estimated to grow at a CAGR of 5.0% during the forecast period (2022-2032) and is projected to reach US$ 239.6 Mn by the end of 2032. The xenon gas market was valued at US$ 141.0 Mn at the end of 2021 and is anticipated to surpass US$ 147.2 Mn by 2022, witnessing year-on-year (y-o-y) growth of 4.5% in 2022.
About Us Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705 Report:https://www.futuremarketinsights.com/reports/ethylene-copolymers-market For Sales Enquiries: sales@futuremarketinsights.com Browse all Reports: https://www.futuremarketinsights.com/reports LinkedIn| Twitter| Blogs