According to a recent market study published by Growth Market Reports, titled, “Global EAA and EMAA Copolymer Market By Type, By Application, and By Region: Size, Share, Trends, and Opportunity Analysis, 2015-2030”, the market was valued at US$ 1,492.7 Million in 2021 and is anticipated to expand at a growth rate of 3.6% by 2030.

A copolymer is a polymer formed when two (or more) different types of monomers are linked in the same polymer chain, as opposed to a homopolymer where only one monomer is used. EAA & EMAA are copolymers that are employed for various applications. Ethylene acrylic acid copolymer (EAA) is the ethyl ester of acrylic acid. It is a colorless liquid, which is mostly used in paints, textiles, and nonwoven fibers. EAA has excellent adhesive and sealing qualities, as well as exceptional durability and flexibility. Ethylene acrylic acid (EAA) copolymer is made up of ethylene and acrylic acid and has features of both compounds. The ethylene acrylic acid compound is divisible in aqueous alkali and amines. Ethylene acrylic acid resins provide excellent adherence to polar substrates and do not require any primers.

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Ethylene Methacrylic Acid copolymers (EMAA) are produced by reacting ethylene with methacrylic acid. The presence of methacrylic acid provides polarity, adhesion, hardness, hot tack strength, and low-temperature heat seal ability. Adding methacrylic acid concentration in this copolymer enhances adhesion to polar surfaces, lowers softening and melting temperatures, improves clarity, and increases strength. It is primarily used for extrusion coating. This copolymer is used in aqueous dispersions, glass adhesives, and ink & paint formulations. In recent years, ethylene copolymer consumption has increased, owing to the increasing demand for packaging from industries, such as food & beverage, building and construction, automotive, and others. EAA & EMAA are important copolymers, which are extensively used in packaging and coating applications.

The EAA and EMAA copolymer market has been fragmented based on type, by application, and by region. By type, the global EAA and EMAA copolymer market is categorized as EAA (Ethylene Acrylic Acid) and EMAA (Ethylene Methacrylic Acid). In terms of application, the market is categorized as packaging, powder coating hot-melt adhesive, water-based solvent, and others. On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Key factors that are anticipated to fuel the demand for EAA and EMAA copolymer during the forecast period are the growing demand for EAA and EMAA copolymer in packaging and the rising adoption of EAA and EMAA copolymer in cosmetics. Rapid industrialization and expanding the number of end-use applications, such as footwear, packaging films, automotive parts, apparel, and carpet backing, are expected to boost the global EAA and EMAA copolymer market. Its increased adherence to LDPE & LLDPE substrates and high processability makes the EMAA copolymer ideal for use in a wide range of applications and industries.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. COVID-19 has a moderate impact on the industry, due to the simultaneous reduction of supply and demand. The COVID-19 pandemic caused a slight slowdown in market expansion.

As per Growth Market Reports Industry Analyst, Partha Paul, “The expanding chemical and polymer industry is expected to contribute to the growth of the global EAA and EMAA copolymer market. This copolymer is heavily used in flexible packagings such as laminated tubes, condiment pouches and sachets, aseptic packaging, meat, and cheese packaging, as well as protective metal coating, wire & cable, and powder coating.

A supply chain is a network between a manufacturer and suppliers to produce and distribute a specific product to the final buyers. This network includes different people, regulatory bodies, entities, information, and resources. Raw materials used for manufacturing EAA and EMAA copolymers, including ethylene, acrylic acid, and methacrylic acid, are shipped to manufacturers to be processed into final products. These products are procured from raw material suppliers and stored at raw material warehouses or directly at manufacturing sites. Raw materials are inspected to ensure their quality.

Key Takeaways from the Study

  • Players in the EAA and EMAA copolymer market include BASF SE, Dow, Exxon Mobil Corporation, Honeywell International Inc, INEOS, Prasol Chemicals Limited, SNP, Inc, LyondellBasell Industries Holdings B.V., SK geo centric Co., Ltd, Michelman, Inc, and Jiangsu Victory Chemical Co., Ltd.
  • SK geo centric Co., Exxon Mobil Corporation, Dow, BASF SE, and Prasol Chemicals Limited, SNP, Inc held a major market share of the EAA and EMAA copolymer market in 2021.
  • Increasing construction activities and the modification of existing buildings have increased the demand for hot-melt adhesives for numerous applications, such as the installation of flooring, carpets, ceramic tiles, and glassware. Hot-melt adhesives produce minor emissions with negligible or no environmental impact. Unlike solvent-based adhesives, they do not require additional ventilation and are not combustible. The price point is particularly low, due to high-volume packaging and manufacturing processes. As a result, regulatory bodies, governments, and environmental organizations promote the use of EAA and EMAA copolymer-based hot-melt adhesives over solvent-based adhesives. Governments throughout the globe develop supporting measures to maintain the adoption of hot-melt adhesives by end-use industries, which is expected to drive the market during the forecast period.
  • In terms of type, the market is segmented into EAA (Ethylene Acrylic Acid) and EMAA (Ethylene Methacrylic Acid). EAA copolymer provides exceptional bonding and toughness in addition to enhancing material formability. It enhances the performance of PET, PE, PVC, and PP. EMAA copolymers are highly polar and functional, and offer flexibility & excellent adhesion to a variety of substrates. This resin (EMAA) provides superior sealing integrity to the packaging industry.
  • Based on application, the global EAA & EMAA copolymer market is segmented into packaging, powder coating, hot-melt adhesive, water-based solvent, and others. The packaging segment is expected to hold a large share of the market. A flexible package is one that is made of flexible and easily yielding materials and is easily molded into various shapes. The packaging industry is moving towards flexible packaging, owing to its environmental advantages. The powder coating segment is projected to expand at a significant CAGR during the forecast period. Powder coatings are based on polymer resin systems, combined with curatives, pigments, leveling agents, flow modifiers, and other additives. Ethylene-based polymers have widespread use as protective coatings in various end-use industries.
  • The hot-melt adhesive segment is expected to grow steadily during the forecast period. Hot glue adhesives are used in the packaging industry for various applications, such as the sealing of boxes and cartons for food and general consumer products. EAA & EMAA are bio-degradable and used in hot-melt adhesives, due to their properties such as high strength, high bonding ability, and excellent adhesion.
  • The water-based solvent segment is expected to expand at a moderate CAGR during the forecast period. Water-based copolymer adhesives have various applications, due to their eco-friendly nature as well as cost-effectiveness. Ethylene-acrylic acid copolymers are produced by polymerizing ethylene and acrylic acid monomers with a free radical initiator.
  • The others segment is expected to hold a moderate share of the market in 2030. EAA & EMAA have a wide range of applications, including extrusion coating and wire & cable shielding. Extrusion coatings are majorly used for flexible packaging in various end-use industries.
  • In terms of region, the global EAA and EMAA copolymer market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. The market in Europe is anticipated to expand at a moderate rate during the forecast period. The food sector in the region is one of the most profitable sectors in the world, and evolving food trends and high demands are expected to create lucrative business opportunities in the food sector in the future. Asia Pacific accounted for a large share of the market in 2021, owing to the presence of a large number of manufacturers of packaging films in countries such as China and Japan. Increasing demand for EAA and EMAA copolymer from various industries including packaging, cosmetics, and automotive is expected to drive the market in the region. North America held a moderate share of the global market in 2021, due to the changing lifestyle, high demand for packaged and convenience foods, and rise in automotive manufacturing. The market in the Middle East & Africa and Latin America is projected to expand at a low CAGR during the forecast period, owing to the expansion of the automotive and construction sectors in Brazil, which use adhesives and barrier coatings.

Report Scope

Report Metric

Details

Market Value in 2021

US$ 1,492.7 Million

Market Growth Rate (from 2022 to 2030)

 3.6%

Historical Data

2015 & 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Type, By Application, and By Region

Key Companies Profiled

BASF SE, Dow, Exxon Mobil Corporation, Honeywell International Inc, INEOS, Prasol Chemicals Limited, SNP, Inc, LyondellBasell Industries Holdings B.V., SK geo centric Co., Ltd, Michelman, Inc, and Jiangsu Victory Chemical Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturer and distributors
  • Demand Side: Packaging Industry, cosmetic industry, and furniture industry
  • Regulatory Side: Concerned government authorities and other approval regulatory bodies
  • Associations and Industry Bodies: CISA, US EPA, and REACH