The global ethylene butyl acrylate market is expected to grow at a CAGR of above 4% over the forecast period. The surge in growth can be attributed to increasing applications such as in surface coatings, sealants, adhesives and co-monomers across end-use industries such as packaging, textile, leather and plastics.
Ethylene butyl acrylate is a low-density polyethylene resin that belongs to a family of compounds commonly named as polyethylene. The compound and its specialty copolymers are primarily used as adhesives specifically in the packaging industry.
Increasing adoption of such acrylate compounds across varied applications, the introduction of innovative and renewable methods of production and rising demand in the petrochemical end use industry is anticipated to impact market growth positively.
The key compound used in the manufacturing of acrylate and butyl acrylate compounds is propylene. Propylene compounds are converted to acrylonitrile and further to acryl amide sulfate. The by-product is then hydrolyzed to acrylic acid which esterifies butanol to produce ethylene butyl acrylate.
Advanced methods of production have made possible the reuse of such compounds and has managed to reduce the costs and plausible hazards in its manufacturing and application. Steady growth in the supply of packaged products across the developing economies has led to a considerable demand for the compound owing to its use as an industrial adhesive amongst other applications.
There exists an oversupply of the compound in the industry owing excessive capacity building by companies causing a demand-supply gap and consequently lowering prices for the product.
Stringent government regulations regarding the production and disposal of the compound due to its non-bio-degradable nature is expected to restrain the industry growth over the forecast period.
New product and application development for scaled commercialization of the compound along with increasing R&D towards the development of technology that transforms them into bio-degradable compounds to make its usage environment-friendly is expected to act a challenge for the suppliers.
The compounds have negligible hazardous side effects at ambient temperatures but can be dangerous in their base form. These are expected to be slow bio-degradable compounds that may persist in the environment, but are insoluble in water and thus are not supposed to cause aquatic toxicity.
Ethylene butyl acrylate compounds are widely used in various end-use sectors that include packaging, plastics, paints and polymers, textiles, leather and surface coatings industry.
ALCUDIA EBA resins developed by Repsol S.A., a European oil company, is approved by the Food and Drug Association (FDA) for use in food packaging or food contact products. The compound shows stability towards high and low temperatures, absorbs no water from the surroundings and can maintain its density even with the change in the neighboring conditions.
Elvaloy AC EBA compound offered by DuPont, a U.S, based chemical conglomerate, is used as a processing aid, properties enhancer in polyesters, Acrylonitrile Butadiene Styrene (ABS) and polycarbonates, thus improving on the compound properties such as toughness, faster molding, and improved part appearance.
Other products obtained from the EBA compound such as Lucofin 1400 HN has enhanced flexibilities facilitate easier extrusion and meets the food packaging material regulations in a majority of the countries.
The compound is extensively used for the production of films and coverings in end use applications such as construction, agriculture and food packaging Lucofin 1400 MN, a copolymer of EBA is extensively used for polymer modification of butane and asphalt, powder coating and roto molding processes.
Asia Pacific regional market is the expected to grow at industry leading growth rates owing to increasing demand for the product in countries such as China, India, and Japan. Countries from the European Union have stabilized market with slow growth. Moreover, the industry is expected to witness significant growth in the countries from the Middle East such as Saudi Arabia and other oil producing nations owing to its applications in the petrochemical industry.
Key suppliers for ethylene butyl acrylate compound include Arkema, DuPont, Exxon (U.S.), Dow Chemical Company, Lucobit AG and Repsol S.A.
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