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Ethylene Acrylic Acid Copolymer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22530
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Ethylene Acrylic Acid Copolymer Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Ethylene Acrylic Acid Copolymer | Polymer& Resin | Indonesia | 4037 USD/MT |
The ethylene acrylic acid copolymer prices in the Indonesia for Q4 2023 reached 4037 USD/MT in December. In Indonesia, the EAA market in the last quarter of 2023 experienced fluctuations, with prices initially holding steady due to moderate supply levels. However, demand remained weak, leading to a gradual reduction in prices by the quarter's end as traders reduced inventories. Prospects for the market remain uncertain, depending on future economic conditions and procurement trends.
Ethylene Acrylic Acid Copolymer Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Ethylene Acrylic Acid Copolymer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of ethylene acrylic acid copolymer pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of ethylene acrylic acid copolymer at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ethylene acrylic acid copolymer price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing ethylene acrylic acid copolymer price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Ethylene Acrylic Acid Copolymer Market Analysis
The global ethylene acrylic acid copolymer market size reached US$ 367.4 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 631.3 Million, at a projected CAGR of 6.20% during 2023-2032.
- The global ethylene acrylic acid copolymer market is experiencing significant growth due to the rising demand in the packaging industry. The ethylene acrylic acid copolymer is generally known for its exceptional barrier properties, strong adhesion to the polar substrate, and superior sealing ability. According to a report by Statista, in 2021, the consumption value of organic packaged food across India amounted to 15 million U.S. dollars. This is an increase as compared to the previous year when the consumption value was 14 million U.S. dollars. The consumption value was likely to increase to 17 million U.S. dollars in the year 2022. Ethylene acrylic acid copolymers’ ability to ensure product integrity, extend shelf life, and maintain food safety underpins its growing market demand across the world.
- The ethylene acrylic acid copolymer market is also shaped by sustainability and recycling concerns. There is a growing demand for products that facilitate easier recycling or adhere to greener manufacturing practices. This shift is promoting the industry to innovate towards more eco-friendly options aligning with global initiatives for environment sustainability and waste reduction thereby influencing market dynamics towards sustainable solutions like ethylene acrylic acid copolymer which can be recycled easily.
- In addition to that, ethylene acrylic acid copolymer’s broad compatibility with different materials positions it as a preferred option in the automotive industry mainly for coatings and adhesives. Its versatility enables strong and durable bonds across different automotive components enhancing vehicle longevity and performance by providing corrosion resistance and improving structural integrity. According to a report by the Society of Indian Automobile Manufacturers, the industry produced a total of 2,59,31,867 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycles in April 2022 to March 2023, as against 2,30,40,066 units in April 2021 to March 2022. Along with the rising automotive industry the demand for better coatings and adhesives is also on the rise hence driving ethylene acrylic acid copolymer market growth.
Ethylene Acrylic Acid Copolymer News
The report covers the latest developments, updates, and trends impacting the global ethylene acrylic acid copolymer market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ethylene acrylic acid copolymer production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ethylene acrylic acid copolymer price trend.
Latest developments in the ethylene acrylic acid copolymer industry:
- In 2023, ExxonMobil announced a merger with Pioneer Natural Resources in a $59.5 billion all-stock transaction, aiming to double its Permian footprint and accelerate net-zero ambitions, enhancing U.S. energy security and shareholder returns.
- In 2022, SK Geo Centric, a subsidiary of SK, announced that they have signed a joint venture with Zhejiang Satellite Petrochemical to produce Ethylene Acrylic Acid (EAA), a high value-added chemical product, in China. This move was a part of SK Geo Centric's strategy to expand its business to Asia and become a global eco-friendly chemical materials company.
Product Description
The ethylene acrylic acid copolymer is formed by a reaction between ethylene and acrylic acid. The result is a copolymer that combines the properties of both ethylene and acrylic acid. The ethylene segment of the copolymer provides properties such as water resistance, flexibility, chemical resistance, and flexibility, while the acrylic acid segment provides polarity, adhesion, toughness, hot tack strength, and low-temperature heat sealing ability. It is widely used in food packaging. It is a thermoplastic copolymer with an excellent bonding performance due to its ionic characteristics, and it is widely used in adhesives and powder coatings. Ethylene acrylic acid is a unique copolymer that excels in adhering to polar surfaces without necessitating primer applications in the automotive industry across the world.
Regional Coverage
The report provides a detailed analysis of the ethylene acrylic acid copolymer market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ethylene acrylic acid copolymer price trend.
Global Ethylene Acrylic Acid Copolymer Price
The report offers a holistic view of the global ethylene acrylic acid copolymer pricing trends in the form of ethylene acrylic acid copolymer price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into ethylene acrylic acid copolymer historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into ethylene acrylic acid copolymer price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ethylene acrylic acid copolymer demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Ethylene Acrylic Acid Copolymer Price
The European market during Q4 was marked by volatility, with an initial price increase in October accompanied by a decline. Early gains were due to a slight rise in feedstock ethylene as well as acrylic acid costs, but these were offset by sustained cost pressures and low demand from the packaging sector, impacting profitability. As the quarter progressed, decrease in latest orders and a negative market outlook led to lower EAA prices. Compounding these challenges were supply problems in the Red Sea by mid-December, further complicating the European market's recovery efforts and highlighting ongoing demand and supply issues.
This analysis can be extended to include detailed ethylene acrylic acid copolymer price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Ethylene Acrylic Acid Copolymer Price
The market for ethylene acrylic acid copolymer underwent volatility during Q4 2023 in North America. Early on, prices fell due to decreased feedstock rates for ethylene and acrylic acid and weakened demand in the packaging industry. As the quarter advanced, procurement activities picked up, spurred by the approaching holiday season, which boosted demand both domestically and internationally. Rising ethylene rates increased production costs, compounded by supply chain disruptions at the Panama Canal on account of the drought. In spite of these initial hurdles, the EAA market showed resilience by the quarter's end, influenced by a combination of fluctuating feedstock prices, changes in demand, and logistical challenges.
Specific ethylene acrylic acid copolymer historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Ethylene Acrylic Acid Copolymer Price
The report explores the ethylene acrylic acid copolymer pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on ethylene acrylic acid copolymer prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Ethylene Acrylic Acid Copolymer Price
The APAC region's ethylene acrylic acid copolymer (EAA) market exhibited mixed signals in the final quarter of 2023, with prices generally rising before a decline towards the end. Production cuts by Chinese manufacturers aimed at stabilizing margins resulted in moderate but steady supply levels. Demand remained low across domestic and international markets, except for a few niche buyers. Price variations were influenced by limited supply and varying international demand, particularly in China, India, and Indonesia. By the end of the quarter, traders' destocking practices resulted in lower prices, although expected developments in financial activities and procurement trends may stabilize the market moving forward. There were no plant closures reported for EAA production during this period.
This ethylene acrylic acid copolymer price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Ethylene Acrylic Acid Copolymer Price
The analysis of ethylene acrylic acid copolymer prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Ethylene Acrylic Acid Copolymer |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Ethylene Acrylic Acid Copolymer Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of ethylene acrylic acid copolymer pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting ethylene acrylic acid copolymer price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ethylene acrylic acid copolymer price charts ensure our clients remain at the forefront of the industry.
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- For further assistance, please connect with our analysts.
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