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“Barrier Resins market to register a CAGR of 5.85% between 2016 and 2026”
The global barrier resins market is estimated to reach USD 3.52 billion by 2026, at a CAGR of 5.85% from 2016 to 2026. Growth in the pharmaceutical packaging industry in emerging economies, enhanced shelf life of packaged food products, and growing urbanization and changing lifestyles are driving the food packaging market, which in turn is expected to drive the barrier resins market during the next ten years. The major restraining factors in the global barrier resins market are the increasing overall packaging costs, and stringent health regulatory compliance standards, environmental, and political norms.
“PVDC is the major type driving the barrier resins market”
Polyvinylidene Chloride (PVDC) is a highly effective polymer that is produced by the polymerisation of a vinylidene chloride (VDC) monomer with other monomers such as acrylic esters and unsaturated carboxyl groups. It is the chemistry, density and symmetry of the molecules in PVDC that gives the material its excellent barrier properties against fat, vapor, and gases.
“Rising demand in Asia-Pacific is the major driver of the barrier resins market“
The Asia-Pacific region is the fastest-growing segment of the barrier resins market. The increase in the disposable incomes of the middle-class population, and demand from end-use industries are expected to fuel the demand, thus driving the barrier resins market in the region.
Break up of primary interviews:
• By Company Type - Tier 1 – 46%, Tier 2 – 27%, and Others – 27%
• By Designation - C level – 36%, D level – 18%, and Others – 46%
• By Region - North America – 36%, Europe – 36%, Asia-Pacific – 18%, Rest of the World – 10%
The key companies profiled in this report are Asahi Kasei Corporation (Japan), Chang Chun Petrochemical Co., Ltd. (Taiwan), E.I. du Pont de Nemours and Company (U.S.), INVISTA (U.S.), Kuraray Co., Ltd (Japan), Kureha Corporation (Japan), Solvay S. A. (Belgium), Teijin Limited (Japan), The Dow Chemical Company (U.S.), The Nippon Synthetic Chemical Industry Co., Ltd. (Japan), Zhejiang Juhua Co., Ltd. (China), Honeywell International, Inc. (U.S.), and Ineos Group Limited (Switzerland).
The barrier resins market report covers two different segmentations which include, market by type (PVDC, EVOH, PEN, and others), and by application (food & beverage, pharmaceutical & medical, cosmetics, agriculture, and industrial, and others) and market by five different regions along with the countries. The application segment is further analyzed for each country in the respective region.
Reasons To Buy the Report
From an insight perspective, this research report has focused on various levels of analyses?industry analysis (industry trends), market share analysis of top players, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the barrier resins market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
? Market Penetration: Comprehensive information on barrier resins offered by the top players in the global barrier resins market
? Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the global barrier resins market
? Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for barrier resins across regions
? Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global barrier resins market
? Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global barrier resins market