Ethylene Butyl Acrylate (EBA) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Ethylene butyl acrylate, or EBA, is defined as a low-density polyethylene resin, which is a part of the category of compounds commonly known as polyethylene. Propylene is generally used in the manufacturing of EBA. It is a colorless liquid with a specific odor, which is slightly soluble in water and is less dense than water. Propylene compounds are converted to acrylonitrile and then to acryl amide sulfate. The byproduct is then allowed to get hydrolyzed to acrylic acid, which esterifies butanol and results in the formation of EBA (ethylene butyl acrylate). It possess specific properties, which makes it ideal for adhesive purposes in the packaging industry. EBA is highly reactive and polymerizes on exposure to heat; and therefore, commercial preparations of EBA (Ethylene Butyl Acrylate) are likely to contain a polymerization inhibitor. It easily reacts with strong acids and bases, amines, hydrogen, halogens, oxidizers and compounds.
Factors such as surge in end-use applications such as surface coatings, sealants, and adhesives in industries such as textiles, plastics, leather and packaging are driving the EBA (Ethylene Butyl Acrylate) market. Extensive usage in manufacturing of films and coverings in various industries such as construction, agriculture, and food packaging are other factors that are propelling the EBA market. It is widely utilized material in diverse industries due to its excellent adhesive properties, which in turn is driving the EBA market. A shift toward the adoption of EBA compounds across wide applications, renewable methods of production, and rise in demand in the petrochemical industry are anticipated to propel the EBA market. Furthermore, increase in usage of medical equipment, due to in the rise in health issues, is projected to boost the EBA market.
Factors such as stringent government norms and regulations regarding the production and disposal of the EBA compounds is a major restraints of the EBA market. Its non-biodegradable nature, which is causing a threat to environment, is also hampering the EBA market. Rising health concerns which include abdominal pain, irritation in eyes, respiratory problems, due to exposure to EBA compounds is another major issue that is hindering the EBA market.
In terms of form, the EBA (Ethylene Butyl Acrylate) market can be segmented into ethyl acrylate, 2- ethyl hexyl acrylate, and methyl acrylate.
Based on application, the EBA market can be classified into plastics, paints and polymers, leather, textile, and surface coatings.
In terms of end-use industry, the EBA market can be segregated into packaging, building & construction, textile, consumer goods, automotive, medical devices, and others.
In terms of geography, the EBA market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The EBA market in Asia Pacific is expanding at a rapid pace due to the increase in demand for packing and packaging from various industries in emerging economies such as China and India, in the region. Asia Pacific market is followed by Middle East & Africa in terms of growth rate which is also witnessing considerable growth owing to significant crude oil reserves. Increase in demand for greenhouse farming and soil protection is driving the EBA market in Latin America.
Key players operating in the EBA (Ethylene butyl acrylate) market include DuPont, Arkema, ExxonMobil, Dow Chemical Company, LUCOBIT AG, INEOS, SOLVENTIS Limited, Dushine Ltd., LyondellBasell, Hebei Kaien Trading Company Limited, Jilin Petrochemical Construction Design Company Limited, and REPSOL S.A.
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