Growing necessity for advanced medical devices and food packaging is anticipated to propel demand for ethylene copolymers. Such copolymers can offer several useful properties such as high chemical reactivity, cohesion & adhesion, heat resistance, and formulation flexibility. Numerous functional properties of ethylene copolymers are likely to enhance performance level and strength of end-use products.
Advanced Sneakers to Offer Higher Energy Return
Major product-variants of ethylene copolymers are ethylene ethyl acrylate (EEA), ethylene butyl acrylate (EBA), ethylene vinyl acetate (EVA), ethylene propylene, and others. In the coming years, EVA segment is likely to witness maximum growth owing to rising demand for food packaging and medical devices based on such copolymers. To cater to rising demand, most manufacturing companies are investing in research and development activities to offer innovative products.
For instance, Nike recently unveiled launch of its new sneakers named Epic React. These shoes are expected to fit like a slipper and its sole can protect user’s feet from punishing pavement. The midsole of this shoe is presumed to be made from company’s advanced version of ethylene vinyl acetate named Lunarlon. Company claims that this shoe can return 13 percent more energy than any other shoe in competition. Users are expected to do less work during each stride owing to higher energy return from the shoes.
Market Insights
The ethylene copolymers market is likely to reach USD 67.02 billion by 2025, according to a report by Grand View Research, Inc. Growing demand for ethylene copolymers in packaging and automobiles is likely to impel market growth in the coming years. Increasing adoption of recycling of waste packaging owing to rising environment concerns can fuel growth of the market. High demand for plant-derived and lactose-free beverages and their packaging is expected to stimulate market growth. Functional properties such as chemical reactivity, formulation flexibility, cohesion, and heat resistance can propel growth of the market during the forecast period (2017 to 2025).
Some of the leading companies operating in the market for ethylene copolymers are Celanese Corporation, BASF SE, DuPont, The Dow Chemical Company, and Sipchem.
In-Depth Research Report On Ethylene Copolymers Market:
https://www.grandviewresearch.com/industry-analysis/ethylene-copolymers-market
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