According to a report added to Radiant Insights, Inc.; the global ethylene butyl acrylate (EBA) market (EBA) market is anticipated to exhibit significant growth by 2022. Growing use in different applications such as adhesives, sealants, co-monomers, and surface coatings across end-use industries such as packaging, leather, textile, and plastics is the primary market driver. Increasing demand from petrochemical industry can further propel the market over the forecast period (2017 to 2022).
Development of innovative and renewable production techniques can have a positive impact on the growth of the market for EBA. Innovations in raw material have improved the properties of ethylene butyl acrylate such as reduced level of hazards and high recyclability. However, strict government guidelines regarding the manufacturing and disposal of the compound owing to its non-bio-degradable properties could hamper the market growth.
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Nevertheless, EBA is extensively used in the production of covers and films utilized for food packaging along with various construction and agricultural applications. Production process also involves stress-strain tests and X-ray diffraction for maintaining sustainable properties. Increasing consciousness about the use of eco-friendly products hassled to R&D activities to improve bio-degradability of EBA. All these factors are anticipated to impel the global market over the forecast period.
For instance, DuPont has developed EBA based product called Elvaloy AC. It can be used to support and enhance the properties of polyesters and production of softer foam. The product be used as a raw material for increasing the robustness of CPET trays at low temperatures. It can also be used to refine the formability or handling characteristics of the sheets by enabling high pigment and non-halogen filler acceptance in cable jacketing and wires.
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The worldwide ethylene butyl acrylate market (EBA) market can be segmented on the basis of applications and regions. As per applications, the market can be categorized into heat and pressure sensitive die. Geographically, the market can be divided into North America, Europe, and Asia Pacific.
Asia Pacific is expected to showcase significant growth over the forecast period due to high demand from China, India, and Japan. Rising adoption from building and construction, textiles, consumer goods, packaging, and food and beverage industries will further drive the regional market. High usage of ethylene butyl acrylate in packaging can positively impact the market expansion in near future. EBA provides excellent adhesion and better adaptability to modification which has increased its adoption from packaging and paints and coatings applications. Rapid industrialization and infrastructure development can drive the regional market in the forthcoming years.
Europe is expected to exhibit steady growth over the forecast period. Technological progressions in healthcare industry owing to rising health consciousness can drive the regional EBA market. Impressive rise in healthcare application due to the flexibility, thermal and chemical resistance, and low weight of EBA can provide a strong fillip to the regional market in the years to come.
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Prominent players operating in the ethylene butyl acrylate market (EBA) market include Jianxin, SNCL, Wilson, and Longsheng. Most companies focus on the development of innovative merchandise and applications of scaled commercialization of the compound. Rising research and development (R&D) activities for novel technology that can transform EBA into bio-degradable form for environment-friendly applications can be a major challenge for the manufacturers. In addition, they are also keen on finding a solution to avoid the increasing health issues like abdominal pain, eye irritation, and others caused by EBA exposure.
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