Barrier Resins Market Overview
The global Barrier Resins Market was estimated to be worth USD 12.62 billion in 2021 and is anticipated to increase to USD 19.75 billion by 2030, growing at a CAGR of 6.1% from 2023 to 2030.
The growth within the pharmaceutical packaging industry in developing economies and dynamic patterns of lifestyle are expected to drive the barrier resins market over the expected years. Also, the improved shelf life of packaged food product and increasing urbanization expects a lift to the market within the coming years. in addition, the rising consumer awareness concerning healthy purchasing, shopper awareness concerning healthy getting, and therefore the growing preference for food product with correct packaging is foretold to fuel the market throughout the forecasted years.
There are sure restraints and challenges faced which may hinder the market growth. Factors like rising prices, stringent regulatory standards, and political & environmental norms are possible to act as market restraints.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments Covered | Product, Application and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Solvay, Dow Chemical, INEOS, Kuraray, Teijin DuPont Films, Asahi Kasei, ChangChun Group, INVISTA, KUREHA CORPORATION, LG Chem, MITSUBISHI GAS CHEMICAL, The Nippon Synthetic Chemical Industry, Valspar, Corporate.Evonik, Arkema, Hexion, Huntsman International LLC, Cardolite Corporation, BASF SE, Kukdo Chemical Co., Ltd., Dupont, DAIKIN, Bostik, H.B. Fuller Company |
The Covid-19 Impact on the Barrier Resins Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compacted nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 has over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Barrier Resins Market Segment Overview
By product, The code section holds the biggest market share because it may be a polymer-effective chemical compound and is preferred as an excellent material against gases, vapour, and fats.
By application, The Food & beverage segment is anticipated to have the highest CAGR within the forecast period. The factors are often attributed to factors like increased shelf life, odor prevention, food quality, and prevention of UV rays from penetrating the package so protecting the vitamin content.
Market Analysis, Insights and Forecast – By Product
· PVDC
· EVOH
· PEN
· Others
Market Analysis, Insights and Forecast – By Application
· Food & beverage
· Pharmaceutical
· Cosmetic
· Agriculture
· Others
Barrier Resins Market Regional Overview
Region-wise, in terms of regions, APAC is estimated to be the largest market for EVA. The market within the region is primarily driven by the rising demand packaging industry and the increasing demand in the agriculture sector are the factors driving the barrier resins market in the region.
Barrier Resins Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Barrier Resins Market Competitor Overview
Some key developments and strategies adopted by manufacturers in the Barrier Resins are highlighted below.
· In 2020, Kuraray Co., Ltd. established a new monosol production facility for vinyl resin water-soluble films in poland as demand grows for packaging film for unit dose detergents, pharmaceuticals, and other products.
Barrier Resins Market, Key Players
· Solvay
· Dow Chemical
· INEOS
· Kuraray
· Teijin DuPont Films
· Asahi Kasei
· ChangChun Group
· INVISTA
· KUREHA CORPORATION
· LG Chem
· MITSUBISHI GAS CHEMICAL
· The Nippon Synthetic Chemical Industry
· Valspar
· Corporate.Evonik
· Arkema
· Hexion
· Huntsman International LLC
· Cardolite Corporation
· BASF SE
· Kukdo Chemical Co., Ltd.
· Dupont
· DAIKIN
· Bostik
· H.B. Fuller Company
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Barrier Resins market during the forecast period?
Barrier Resins market is expected to record a CAGR of ~ 6.1% during the forecast period
Q2. Which segment is projected to hold the largest share in the Barrier Resins Market?
Food and Beverage is projected to hold the largest share in the Barrier Resins Market.
Q3. What are the driving factors for the Barrier Resins market?
The growth within the pharmaceutical packaging industry in developing economies and dynamic patterns of lifestyle is key factors that boost the growth of the Barrier Resins market progressively.
Q4. Which Segments are covered in the Barrier Resins market report?
Product and Application, and Region, these segments are covered in the Barrier Resins market report
Q5. Which are the prominent players offering Barrier Resins ?
Solvay, Dow Chemical, INEOS, Kuraray, Teijin DuPont Films, Asahi Kasei, ChangChun Group, INVISTA, KUREHA CORPORATION, LG Chem, MITSUBISHI GAS CHEMICAL, The Nippon Synthetic Chemical Industry, Valspar
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Barrier Resins Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. PVDC,
- 5.2.2. EVOH,
- 5.2.3. PEN,
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Food & beverage,
- 5.3.2. Pharmaceutical,
- 5.3.3. Cosmetic,
- 5.3.4. Agriculture,
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Barrier Resins Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. PVDC,
- 6.2.2. EVOH,
- 6.2.3. PEN,
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Food & beverage,
- 6.3.2. Pharmaceutical,
- 6.3.3. Cosmetic,
- 6.3.4. Agriculture,
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Barrier Resins Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. PVDC,
- 7.2.2. EVOH,
- 7.2.3. PEN,
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Food & beverage,
- 7.3.2. Pharmaceutical,
- 7.3.3. Cosmetic,
- 7.3.4. Agriculture,
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Barrier Resins Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. PVDC,
- 8.2.2. EVOH,
- 8.2.3. PEN,
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Food & beverage,
- 8.3.2. Pharmaceutical,
- 8.3.3. Cosmetic,
- 8.3.4. Agriculture,
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Barrier Resins Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. PVDC,
- 9.2.2. EVOH,
- 9.2.3. PEN,
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Food & beverage,
- 9.3.2. Pharmaceutical,
- 9.3.3. Cosmetic,
- 9.3.4. Agriculture,
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Solvay
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Dow Chemical
- 10.6. INEOS
- 10.7. Kuraray
- 10.8. Teijin DuPont Films
- 10.9. Asahi Kasei
- 10.10. ChangChun Group
- 10.11. INVISTA
- 10.12. KUREHA CORPORATION
- 10.13. LG Chem
- 10.14. MITSUBISHI GAS CHEMICAL
- 10.15. The Nippon Synthetic Chemical Industry
- 10.16. Valspar
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
