Barrier Resins Market was valued US$ 12.4 Bn in 2021 and is expected to grow US$ 18.88 Bn by 2029, at a CAGR of around 5.40% during the forecast period.
Barrier Resins Market Overview:
The Barrier Resins market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Barrier Resins Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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Segmentation:
By the material type analysis, Ethylene vinyl alcohol (EVOH) is expected to hold the largest market share of the global barrier resins market by 2029. EVOH is a highly flexible thermoplastic barrier resin that has main applications in the food & beverage and pharmaceutical packaging as it is highly transparent, oil & solvent resistant, moldable, and recyclable. Also, the EVOH barrier resin has superior barrier properties compared to other high barrier materials. Polyvinylidene Chloride (PVDC) and is capable of meeting other demanding requirements, as an oxygen barrier in medical packaging, flavor preservation in coffee, and a barrier to fragrances and solvents in cosmetics packaging.
Key Players:
• Kuraray Co., Ltd.
• The Dow Chemicals Company
• E. I. DU PONT De Nemours And Company
• Asahi Kasei Corporation
• Solvay S.A.
• Honeywell International Inc.
• Mitsubishi Gas Chemical, Inc.
• INEOS Group Ltd.
• Invista
• Chang Chun Petrochemical Co., Ltd.
• Kureha Corporation
• Teijin Limited
• The Nippon Synthetic Chemical Industry Co., Ltd.
• Zhejiang Juhua Co., Ltd.
• Valspar
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Barrier Resins market are as follows:
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Barrier Resins market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Barrier Resins Market:
End-user industries where Barrier Resins are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Barrier Resins manufacturers, harming the Barrier Resins market’s growth in 2020. End-user business demand for Barrier Resins has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Barrier Resins Market Report are:
- In 2021, which segment accounted for the most share of the Barrier Resins market?
- What is the competitive landscape of the Barrier Resins market?
- What are the key factors influencing Barrier Resins market growth?
- In the Barrier Resins market, which region has the most market share?
- What will be the CAGR of the Barrier Resins market during the forecast period (2022-2027)?
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