Global Barrier Resin Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global barrier resin market in its upcoming report titled, “Global Barrier Resin Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global barrier resin market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. 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 2027. 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 resin market report has been segmented on the basis of product type, application, and region.
Resin is a yellow or brown sticky substance obtained from plants or have synthetic origin which can be converted into various forms of polymers such as plastics and many more. It consists of a oncrystalline or viscous liquid substance Barrier resin is a synthetic origin of resin which is majorly used for packaging purpose. Synthetic resins include large class of synthetic products which have similar physical properties as that of natural resins but have different chemical properties. Barrier resin helps to prevent entry of gases (oxygen, carbon dioxide, nitrogen), vapor (water or solvent), or liquid. Barrier resin are majorly used in chemical, foods and beverage industry. Barrier resins are valued for their chemical properties and associated uses, such as the production of varnishes, adhesives and food glazing agents.
Packaging property of the barrier resins are widely used in the packaging of processed foods, which is a key factor driving growth of the target market. In addition, rising preference for packed foods with increased shell life among the users have increased the demand for barrier resins in food and beverage industry. Furthermore, there are widely used in various end user industries such as chemical, healthcare, agriculture, etc., owing to its high barrier performance to various liquids and gases. Ethylene Vinyl Alcohol copolymer (EVOH), a semi crystalline random copolymer of ethylene and vinyl alcohol, is the majorly used barrier resin by various packing industry which allows better conversion from foil and metallized film laminations to co-extruded barrier films.
However, increasing environmental concerns for plastics is expected to restrain growth of the global barrier resin market.
Increasing R&D activities for development of innovative barrier resin products is expected to create potential revenue opportunities for players operating in the global barrier resin market over the forecast period.
The market in North America is expected to contribute highest market share in terms of revenue due to increasing consumption of packed food and developing medical sector. Europe market is expected to account for second largest revenue share over the forecast period. The market in Asia Pacific is expected to show significant growth in the target market. This can be attributed to increasing demand from various end user industries such as food & beverage, medical and chemicals, especially in China and India.
Global Barrier Resin Market Segmentation:
By Product Type:
- Polyvinylidene chloride (PVDC)
- Ethylene vinyl alcohol (EVOH)
- Polyethylene naphthalate (PEN)
- Chemical Industries
- Food & Beverage
- Personal Care & Cosmetics
- Pharmaceutical & Medical
- 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$
- I. du Pont de Nemours and Company
- INEOS Group Limited
- INVISTA S.à r.l.
- NOVA Chemicals Corporation
- The Valspar Corporation
- Mitsui Chemicals, Inc.
- EVAL Europe N.V.
- Honeywell International, Inc.
- The Dow Chemical Company
- Kuraray Co., Ltd.
- Asahi Kasei Corporation
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