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Barrier Resins Market is Expected to Grow At a 6% CAGR | Analysis by Type, EVOH, Cosmetics, Key Findings, Established Players, Statistical Analysis and Forecast by 2029
Based on previous market performance, the Barrier Resins market is expected to reach USD 20.66 billion in size by 2029. With a 6% CAGRBarrier Resins Market Overview
When food products are exposed to the open air, they react with oxygen and produce by-products that compromise the product's qualities. Barrier resins are a type of polymer. They are most commonly utilized by the packaging division for the packaging of perishable food and eatable products because they operate as an impenetrable barrier to oxygen.
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Barrier resins are plastics used in packaging to restrict the infiltration of gases (oxygen, carbon dioxide, nitrogen), vapors (water or solvent), or liquids. Commercial polymers including nylons, polyvinyl chloride, polyolefin, and polystyrene are also utilized in packaging, but their barrier qualities are far inferior to those of barrier resins. Special barrier materials, such as those used in uranium mines to keep radon out, aren't normally considered barrier resins, and aren't mentioned here.
Based on our expert's analysis the players that are leading the market includes: Kuraray Co. Ltd., The Dow Chemicals Company, El. DU PONT DE Nemours and Company, Asahi Kasei Corporation, Solvay S.A., Honeywell International Inc., Mitsubishi Gas Chemical Inc., INEO Group Ltd. and Others.
The whole market is segmented as follows
Barrier Resins Market by Type, 2020-2029, (USD Million) (Kilotons)
PVDC (Polyvinylidene Chloride)
EVOH (Ethylene Vinyl Alcohol)
PEN (Polyethylene Naphthalate)
Barrier Resins Market by Application, 2020-2029, (USD Million) (Kilotons)
Food & Beverage
Pharmaceutical & Medical
Cosmetics
Agriculture
Industrial
Industry Developments
In December 2018 - Indorama, a chemical company based in Thailand, has purchased INVISTA Resins & Fibers GmbH for an unknown sum.
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Barrier Resins Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming technologies and industry trends.
Regional Analysis
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Barrier Resins Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings.
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