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Barrier Materials Market worth 2.64 Billion USD by 2020

01-20-2017 12:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

The report “Barrier Materials Market by Type (PVDC, EVOH, PEN and Others), by End-Use Industry (Food & Beverage, Pharmaceutical, Cosmetic, Agriculture, and Others) - Global Forecast to 2020” defines and segments the barrier materials market with analysis and forecast of the market sizes.
Browse 93 market data tables with 54 figures across 142 pages and in-depth TOC on “Barrier Materials Market by Type (PVDC, EVOH, PEN and Others), by End-Use Industry (Food & Beverage, Pharmaceutical, Cosmetic, Agriculture, and Others) - Global Forecast to 2020"

Early buyers will receive 10% customization on reports.
The global barrier materials market was valued at USD 1.74 Billion in 2014 and is expected to reach USD 2.64 Billion by 2020, at a CAGR of 7.26%, between 2015 and 2020
Asia-Pacific – The most dominant region in the barrier material market
The barrier materials market in Asia-Pacific is one of the fastest-growing markets and is projected to continue domination in the near future. Asia-Pacific is also the biggest market of barrier materials that accounted for a share of more than 42.37% of the total market, in terms of volume, in 2014, which was mainly due to China’s contribution. India is the fastest-growing market of barrier materials in the region owing to growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=53103702

PVDC – The biggest market and EVOH, the fastest-growing type segment in the barrier material market
PVDC is the largest type-segment of barrier materials. Asia-Pacific is currently the largest market of PVDC, which accounted for a share of 42.74% of the total market in 2014. EVOH is a highly flexible thermoplastic barrier material that has major applications in food & beverage and pharmaceutical packaging as it is highly transparent; weather, oil & solvent resistant; moldable and recyclable.
Food & beverage end-user industry – the fastest-growing market of barrier material
The food & beverage segment is one of the fastest-growing end-use industries of barrier materials, which is projected to grow at a CAGR of 7.51% between 2015 and 2020. The barrier material market has a high growth potential in the next five years. Currently, the demand for barrier materials is driven by the dynamic growth in the food & beverage industry in Asia-Pacific and RoW regions.
The U.S. and China are at the forefront of barrier materials demand and Germany, France, India, Japan, and U.K. are the other key markets. China is the key market in Asia-Pacific, accounting for more than half of the demand for the barrier materials, followed by India, Japan, and Taiwan, where the demand is growing at a steady rate. Increase in the demand for PVDC, EVOH, and PEN has been observed in Asia-Pacific due to continued industrialization and growth of the manufacturing sector in the region. Food & beverage is projected to be the fastest-growing end-user industry, followed by the cosmetic-segment between 2015 and 2020.
The major market players of barrier materials include Kuraray Co., Ltd (Japan), The Dow Chemical Company (U.S.), E.I. DuPont de Numerous and Co. (U.S.), Solvay SA (Belgium), and Chang Chun Petrochemical Co., Ltd (Taiwan).

Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=53103702

About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
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We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. For More: http://www.marketsandmarkets.com/Market-Reports/barrier-materials-market-53103702.html

M&M is a full service market research company and consulting firm that produces 1200 high-level, strategically analyzed, full-length reports a year, tracking more than 10 industries. M&M plans to launch industry-wise and country-wise market tracker reports for all the verticals we track. This intelligence database, comprising about 60,000 reports a year, will form one of the world's largest business intelligence resources. M&M has effectively used technology to automate the managementof large and complex market data tables and forecasts. We, at M&M, aspire to assist our clients achieve sustainable growth by providing incisive business insight into their respective markets.

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