Ethylene copolymers market is anticipated to reach USD90 bn by 2033

The global market is anticipated to have a steady CAGR of 4.2% during the period from 2023 to 2033, said Hydrocarbonprocessing.

The overall market size is predicted to expand from USD59.4 B in 2023 to USD89.6 B by 2033. Previously, the ethylene copolymers market was thriving at a CAGR of 3.5% from 2018 to 2022, resulting in a market size of USD57.4 B in 2022.

Demand for ethylene copolymers is gradually increasing, owing to their qualities, such as heat resistance, chemical reactivity, formulation flexibility, and cohesion and adhesion. The packaging and automobile industries are also expected to boost the adoption of ethylene copolymers. Further, the market for ethylene copolymers is projected to be fueled by food packaging.

The industry is expected to increase further as customers become mindful of waste packaging and recycling. Increased research and development initiatives for technological and equipment development, as well as creative product offerings by companies, are all contributing to the demand for ethylene copolymers.

he global market size may be hampered by fluctuating raw material prices and regulatory regulations on various compounds. Nonetheless, there are chances for market players to engage in this market, given the consistent growth of the chemical processing industry and the automotive and packaging industries.

Ethylene-propylene copolymers are amorphous, random, and rubbery polymers made by polymerizing monomers with the Ziegler–Natta catalyst. These are synthetic rubbers that can be used for both special and ordinary purposes.

Ethylene-propylene copolymers are available from many producers in worldwide ethylene-propylene copolymers market for usage in rubber and polyolefin modification. Moreover, in thermoplastic adhesive systems, ethylene-propylene copolymers are employed as basis polymers. Bitumen and TPO roofing membranes are another important application for these copolymers.

Building and construction, automotive, and electrical and electronics are some of the key end-user industries for ethylene-propylene copolymers (E&E). EPDM (ethylene-propylene-diene monomers) are preferred for electrical insulation, gaskets, and lamination.

As per ethylene copolymers market analysis, ethylene-propylene-diene monomers are in high demand. Manufacturers are seeking to offer novel products as a result of environmental concerns in industrialized countries of Europe. As a result, demand for ethylene-propylene copolymers is rising.

The global vehicle industry's increasing need for ethylene-propylene copolymers is regarded as a key factor driving the global market. Ethylene-propylene copolymers are used to make weather stripping and seals for automobiles. Also, these copolymers are added to motor oils as a supplement. Engine mounts, brake parts, and windshield wipers are among the products made with them.

Another significant factor driving demand for ethylene-propylene copolymers is an increase in the need for industrial rubber for use in tire manufacturing. Additionally, the global vehicle rubber-molded components market is expected to be revolutionized in the forthcoming years as a result of research and development operations in the automobile and automobile component sectors.

The ethylene-propylene copolymers market share is expected to benefit from an increase in demand for lightweight automotive components to produce fuel-efficient automobiles during the projected period.

We remind, Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter. The global energy major's new CEO, Wael Sawan, is targeting spending cuts over the next two years to boost profitability while remaining committed to achieving net zero emissions by 2050.

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Reno, Nevada-based American Battery Technologies Corp. (ABTC) has finalized the purchase of its commercial-scale recycling facility in the Tahoe-Reno Industrial Center in Nevada, said Recyclingtoday.

“The acquisition of this move-in ready industrial recycling facility has greatly accelerated our progress toward the first implementation of our integrated commercial-scale, lithium-ion battery recycling operations,” says Ryan Melsert, CEO of ABTC. “Within this facility we will have operations to receive a wide range of end-of-life and scrap battery materials and process these materials all the way to battery-grade metal products that we will sell to our domestic partners in order to create one of the first closed loop battery material supply chains within North America.”

ABTC also has released a statement providing additional detail to an alliance with TechMet-Mercuria it announced this March.

The partnership with the Europe-based firm seems tied to closing the loop on the sell side for materials ABTC will produce, with ABTC saying the partnership includes the manufacturing, sales and marketing of ABTC-produced recycled metal products, and a nondilutive investment into ABTC of up to $20 million through the prepurchase of these recycled metal products.

TechMet-Mercuria is a joint venture incorporated in Switzerland between Ireland-based TechMet Ltd., a private company focused on technology metals needed in the electric vehicle (EV) sector, and Mercuria Energy Group Ltd., a Cyprus-based energy and commodities trading company.

“There is an immense and immediate global demand for recycled high purity black mass materials from lithium-ion batteries, especially those materials produced in systems that have removed the majority of other battery components that would have become contaminants,” says Quentin Lamarche, co-managing director of TechMet-Mercuria.

“Through this strategic partnership the ABTC and TechMet-Mercuria teams are working to market, transport, and sell these intermediate recycled black mass materials to strategic metal refiners throughout the world."

“I am very pleased to kick off our strategic partnership with TechMet-Mercuria,” Melsert says. “There is a wide variety of value that can be recognized through the sale of these types of intermediate black mass filter cakes in such an immature market, and through our strategic business cooperation with TechMet-Mercuria we are able to leverage their team’s expertise and capabilities to ensure we have access to the highest tiers of global customers.”

According to ABTC, as it brings additional phases of its recycling processes online, it will transition to further processing its black mass internally instead of selling it as an intermediate product, and will instead manufacture its own battery cathode grade nickel, cobalt, manganese and lithium hydroxide products for sale to battery cathode refiners.

We remind, Bayreuth researchers, led by Prof. Dr. Markus Retsch, physical chemist, develop an upcycling process that gives aluminum-plastic composite films an innovative second use. An easy-to-apply coating transforms used APL packaging into high-performance, versatile cooling films that counteract another global problem - the high energy demand for cooling systems. Aluminum-plastic composite (APL) films are very often used for food packaging, but they pose a challenge when it comes to plastic recycling.

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San Daniele del Friuli, Italy-based packaging producer AMB Spa is partnering with Bangkok, Thailand-based Indorama Ventures Public Co. Ltd. to use flake from recycled polyethylene terephthalate (rPET) trays to produce film suitable for food packaging trays, said Recyclingtoday.

The companies say the partnership aims to divert more than 150 million postconsumer PET trays away from landfills or incineration by the end of 2025. They add that new technology will allow Indorama Ventures to supply rPET flakes from postconsumer trays for AMB to use in making food-grade transparent film, increasing the recycled content sourced from trays in AMB’s end products.

“Consumers are mindful of sustainability and food safety and want a guarantee that the food trays they use are recyclable,” AMB Chief Procurement Officer Paolo Cescutti says. “The recycled material now possible through our partnership with Indorama Ventures means we can divert more plastic waste to become safe, food-grade packaging. Food processors and consumers can be confident that AMB products offer true recyclability and food safety. We are proud to be one of the pioneers in bringing this to market with Indorama Ventures’ expertise.”

After more than 72 months of research and development, Indorama Ventures says it was able to produce rPET flakes from postconsumer trays commercially at its facility in Verdun, France. The resulting recycling technology will divert millions of postconsumer PET trays from landfills or incineration, the company adds.

“Each new partnership with sustainable packaging leaders like AMB smooths the path towards a circular economy for PET trays and extends the PET lifecycle,” says DK Agarwal, deputy group CEO and executive president of the combined PET business segment at Indorama Ventures. “This means we use less raw materials while the process results in less waste and emissions. Indorama Ventures was one of the first to invest in PET food tray recyclability because we support the creation of a circular economy to prevent used products ending up in landfill or being incinerated. Having developed the technical ability, we are excited to see this process gain traction.”

As a precursor to the partnership, AMB launched its tray-to-tray recycling brand, AMB TrayRevive, in 2022, to develop infrastructure supporting recyclable packaging. The company says the project was designed to be part of its overall sustainability strategy in support of the European Union target to have all packaging be recyclable at scale and to be converted into recycled raw materials by 2035.

Indorama Ventures says this partnership fits in line with its commitment to increase PET recycling rates globally, with the goal to achieve 750,000 tons of postconsumer PET bale input every year by 2025.

We remind, Indorama Ventures Public Company Limited, one of the world’s largest producers of recycled Polyethylene Terephthalate (PET) resin, announced the completion of the expansion of its recycling facility in Brazil.

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ReCircle, a Mumbai-based resource recovery company, has been certified under the Ocean Bound Plastic (OBP) certification program by France-based nongovernmental organization (NGO) Zero Plastic Oceans, in collaboration with the European Control Union, said Recyclingtoday.

According to ReCircle, the certification is an independent, third-party certification of ocean-bound plastics recycling supply chains to ensure they meet international environment, ethical and labor standards. The OBP certification program is designed to ensure that every step aligns with the highest standards:

Adequate and ethical collection: ReCircle says it responsibly collects ocean-bound plastic scrap, benefiting the environment and local communities.

Well-managed waste: The company says it handles ocean-bound plastic with care, minimizing its environmental footprint through effective waste management.

Traceability and recyclability: Recircle says it ensures traceability of commercially recyclable ocean-bound plastic waste, contributing to a circular economy.

Responsible handling of noncommercially recyclable waste: ReCircle says it diligently collects and eliminates noncommercially recyclable ocean-bound plastic, while verifying and tracing plastic credits.

ReCircle co-founder and CEO Rahul Nainani says, “At ReCircle, we believe that a sustainable future is within reach, and with initiatives like the OBP certification program, we are getting one step closer to achieving it. We are incredibly proud to be recognized for our efforts in making a positive impact on the environment."

The company, founded in Mumbai in 2016, is a resource recovery clean-tech startup and says it has diverted over 1 million metric tons of waste from oceans and landfills across 300 cities and towns in India with the help of its more than 300 collector networks.

We remind, Bayreuth researchers, led by Prof. Dr. Markus Retsch, physical chemist, develop an upcycling process that gives aluminum-plastic composite films an innovative second use. An easy-to-apply coating transforms used APL packaging into high-performance, versatile cooling films that counteract another global problem - the high energy demand for cooling systems. Aluminum-plastic composite (APL) films are very often used for food packaging, but they pose a challenge when it comes to plastic recycling.

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Polykemi, a global producer of customer-adapted plastic compounds based on both virgin and recycled raw materials headquartered in Sweden, recently held a grand opening for its new production facility in Chongqing, China, in the district of Jiangjin, said Recyclingtoday.

The ceremony was attended by members and guests from different parties and committees of the Jiangjin District, managers and employees of Polykemi China and representatives of the Polykemi headquarters.

According to the company, the opening ceremony consisted of several speeches, a ribbon cutting and entertainment. Guests were taken on a guided tour of the new plant before a meal was served.

Representatives from Polykemi’s headquarters included third-generation company owners Gustav Hugoson and Herman Hugosson, who made a speech thanking the Chinese management team and all employees for their hard work and well-executed project.

“Polykemi China made the long-term planning for investment in Chongqing more than 10 years ago,” Gustav Hugoson said during the joint speech.

Polykemi Asia Pacific General Manager Magnus Lindahl thanked the Jiangjin District and Shuangfu Industrial Park for their cooperation and support of the project. “Since entering the Chinese market in 2005, Polykemi Group has maintained continuous and stable growth and profitability, and the sales business in Chongqing has been very successful,” he said during his speech. “We will continue the great work here to create a prosperous and bright future together.”

Polykemi says its Chongqing office was founded in 2010 to develop business in the southwest region of China. After more than a decade, the company says it has achieved a good reputation with the major industrial fields in Chongqing and the nearby city of Chengdu, especially in the automobile and general machinery industries. The company adds that new projects and customer demands continue to rise in the southwest region.

“We have cooperated with some automotive customers for more than a decade,” Lindahl said during his speech. “Their development has contributed to an increased industry for automotive parts in the surrounding areas. With this second factory, we can now meet the demands and provide localized services for customers in southwest China.”

We remind, Polykemi has invested EUR 3m in four new twin-screw extruders, installed at its headquarters as well as its site in Kunshan / China. Aside from raising overall compounding capacity, the investment also raises the plastics recycling capacities of its Ystad-based subsidiary Rondo-Plast. The group also announced that it had appointed Budapest-based HSH Chemie the new distributor for the Polykemi and Rondoplast portfolio in eastern Europe.

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