Ethylene Butyl Acrylate(EBA) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1307
Ethylene Butyl Acrylate Market size will witness a strong growth by 2024. Increasing potential applications in various end-use industries including plastics, textile, caulk, leather and packaging industry will drive the EBA market growth. Excellent adhesion properties have further fuel the demand in packaging industry.
Rising demand from petrochemical based products and shifting preference for renewable materials will enhance the Ethylene butyl acrylate market. Increasing manufacturer awareness pertaining to benefits of polyethylene will fuel the industry growth, product is widely used in sealants, paints, adhesives, fuel and surface coatings.
Innovations in material has improved properties including reduced hazard, low cost and high recyclability. The product is widely involved in production of covers and films used in food packaging, agricultural and construction applications. Production process includes X-ray diffraction and stress-strain tests to maintain the sustainable properties.
Growing consciousness regarding eco-friendly products encouraged extensive technological R&D to augment bio-degradable properties. N-butanol, acrylic acid, triethyl phosphate and acrylamide are the raw materials used in the EBA production.
Asia Pacific ethylene butyl acrylate market will witness high gains in the forecast timeframe. Rising demand from packaging and food & beverage applications particularly in China, India and Japan will drive the regional demand. Asia Pacific was the leading n-butanol market contributor accounting for more than 50% in 2015.
Saturated Europe ethylene butyl acrylate market is estimated to grow at stagnant rates. Technological advancement in healthcare industry due to growing human health consciousness are the factors positively influencing ethylene butyl acrylate market.
Middle East ethylene butyl acrylate market will witness significant growth owing to the huge crude oil reserves. Increasing innovations in petrochemical applications particularly in Saudi Arabia and other crude oil producing countries will propel the industry growth in region.
Increasing product usage in agricultural films and hot melt adhesives particularly in Latin America will drive the regional application scope. Latin America agricultural film industry will witness over 6% CAGR by 2024. Rise in demand from greenhouse farming and soil protection are the stimulating factors supporting Ethylene butyl acrylate market.
Ethylene butyl acrylate market will witness significant growth in healthcare applications. High flexibility, easy modification, low weight and thermal & chemical resistance are the notable properties enhancing the application scope. Increasing medical equipment uses due to rising health concerns, along with its softer and high flexibility properties will drive the ethylene butyl acrylate market.
Packaging application will witness significant gains due to shifting preference for aesthetically appealing products. High adaptability to modification, excellent adhesion and huge availability are the factors supporting product penetration in this application. Expansion in e-commerce industry with increasing online shopping will drive the ethylene butyl acrylate market.
Global packaged food spending was worth over USD 2 trillion in 2015. Thermal stability, better compatibility, heat resistance and excellent mechanical properties encouraged usage in food & beverage application. Moreover, regulatory compliance for food packaging usage will open new avenues for ethylene butyl acrylate market.
Rising health issues on exposure to product including eye irritation, abdominal pain, upper respiratory and skin tract are the restraining factors for the industry participants.
DuPont provides EBA product under brand name Elvaloy AC. The product is used in process aiding and property enhancing in polyesters, it also supports softer foam production. Higher crystalline melt temperature, flexibility and heat resistance are the factors positively influencing product development.
Lucofin 1400HN provided by Lucobit AG improves compatibility & absorptive capacity of fillers, additives, minerals and pigments. Heat resistance and flexibility at low temperature are the key factors promoting product uses in polymer modification and powder coating.
Global ethylene butyl acrylate market share is highly competitive. DuPont, Arkema, ExxonMobil, REPSOL, and LUCOBIT AG are the major industry participants. Product portfolio expansion and mergers and acquisitions are the major strategies adopted by these companies. Other prominent players in market are Dow Chemical, LyondellBasell, INEOS, Solventis, Dushine Ltd., Hebei Kaien Trading Co. Ltd., and Jilin Petrochemical.
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