Global Barrier Materials Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
MarketResearch.biz delivers in-depth insights on the global Barrier materials market in its upcoming report titled, “Global Barrier Materials Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global barrier materials market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global barrier materials market report has been segmented on the basis of type, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Barrier materials are used to laminate products in order to prevent permeation of water, oil, gases, light, etc. Barrier materials provide longer shelf-life and extended thermal stability to the product.
Rapid development in pharmaceuticals and packaging industries is a major factor driving growth of the global barrier materials market. In addition, rising demand for processed and packaged food across the globe is another factor expected to propel growth of the global market to a significant extent over the forecast period. Moreover, rising adoption of PVDC as a barrier material, owing to its properties such as transparency, scratch & abrasion resistance, insolubility in oil and organic solvent, etc. is another factor boosting demand for PVDC barrier material, which in turn is driving growth of the global market.
Use of barrier materials for packaging has led to increase in overall packaging cost. This is a key factor hampering growth of the global barrier materials market to a significant extent. In addition, stringent regulations and environmental norms on use of certain barrier materials is another factor expected to hamper growth of the global market during the forecast period. However, technological advancements towards development of efficient and bio-based barrier materials is a factor expected to create business opportunities for key manufacturers in the global market over the forecast period.
The Asia Pacific market accounts for highest share in the global barrier materials market in terms of revenue and is expected to maintain its dominance over the forecast period. Presence of major players, and rapid development in food and packaging industry are major factors driving growth of the Asia Pacific barrier materials market. The Asia Pacific barrier materials market is expected to witness highest growth in the global market and is projected to register a CAGR of XX.X% over the next 10 years. The Europe market accounts for considerable share in terms of revenue in the global market. The Europe barrier materials market is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period. The North America barrier materials market accounts for significant share in terms of revenue in the global market.
Global barrier materials market segmentation:
Segmentation on the basis of type:
- Polyvinylidene Chloride (PVDC)
- Ethylene Vinyl Alcohol (EVOH)
- Polyethylene Naphthalate (PEN)
Segmentation on the basis of end-user industry:
- Food & Beverage
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Kuraray Co., Ltd.
- The Nippon Synthetic Chemical Industry Co., Ltd. (Nippon Gohsei)
- The Dow Chemical Company
- I. Du Pont De Nemours and Company
- Chang Chun Petrochemical Co., Ltd.
- Solvay SA
- Kureha Corporation
- Ashahi Kasei Corporation
- Zhejiang Juhua Co., Ltd.
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