Ethylene-acrylic acid copolymer has wide application fields and my country’s market size is gradually expanding

Ethylene-acrylic acid copolymer (EAA) is a material made of ethylene and acrylic acid through free radical polymerization at high pressure and high temperature. It usually appears as a colorless and transparent liquid with a special smell. Ethylene-acrylic acid copolymer has excellent toughness, adhesion, thermoplasticity, thermal stability and other advantages, and can also isolate air and water vapor. Ethylene-acrylic acid copolymer has a wide range of application fields. It is widely used in the production of hot melt adhesives, powder coatings, water-based solvents, adhesives, sealing materials, environmentally friendly degradable materials and other products. It has been widely used in chemical industry, building materials, electronics, electricity and other fields. application.

In the field of building materials, ethylene-acrylic acid copolymer is mostly used in the production of roof waterproofing materials due to its excellent heat resistance and weather resistance. In the chemical industry, because ethylene-acrylic acid copolymer can resist corrosion from solvents such as acids and alkalis, it is often used in the production of chemical pipes, plastic wrap and other products. In addition, ethylene-acrylic acid copolymer also has excellent electrical insulation properties, can isolate current, and is widely used in electronics, electricity and other fields. Overall, ethylene-acrylic acid copolymer has a wide range of consumer markets.

From the perspective of market distribution, Europe has become the region with the largest consumption of ethylene-acrylic acid copolymer, accounting for 34.28% of the global market; followed by North America, with a market share of 32.87%; China ranks third, with a market share is 13.74%. However, in recent years, my country’s research on ethylene-acrylic acid copolymers has continued to deepen. In the future, my country may become the country with the fastest growth in the ethylene-acrylic acid copolymer market.

According to the “Global and China Ethylene-Acrylic Acid Copolymer (EAA) Industry In-depth Research Report in 2023” released by the Industrial Research Center, From the perspective of my country’s market, my country’s ethylene-acrylic acid copolymer industry started late and the market has not yet been fully developed. However, as the downstream market’s recognition of ethylene-acrylic acid copolymers continues to increase, my country’s ethylene-acrylic acid copolymer market demand is gradually growing. Against this background, my country’s ethylene-acrylic acid copolymer market has gradually expanded. In 2022, my country’s ethylene-acrylic acid copolymer market size will be 703 million yuan, a year-on-year increase of 14.45%.

The market concentration of ethylene-acrylic acid copolymer is relatively high, and the effect of leading enterprises is obvious. The main ethylene-acrylic acid copolymer companies include ExxonMobil, DuPont, Mitsui, Ineos, SK, etc. Among them, DuPont accounts for the largest share of the global ethylene-acrylic acid copolymer market, reaching 23.76%; followed by Ineos and Mitsui, with market shares of 19.04% and 19.01% respectively.

Industry analysts said that at present, my country’s ethylene-acrylic acid copolymer industry is in a stage of rapid development. Only Shantelei Company and A joint venture established by SK Corporation produces ethylene-acrylic acid copolymer. However, as my country’s market continues to develop, the number of ethylene-acrylic acid copolymer-related companies has gradually increased, and production technology has gradually broken through foreign blockades, and domestic substitution is expected to be achieved in the future.