Global Barrier Materials Market - Industry, Analysis, Share, Growth, Sales, Trends, Supply, Forecast to 2021

Global Barrier Materials Market expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Barrier materials are the packaging or enclosure material used to stop passage of gases, radiation, or liquids. To convey a range of functionality to the film, barrier film assembly is characteristically multilayer by lamination. In packaging of food and beverages to surge the shelf life of the consumables, the US Food and Drug Administration (FDA) have made it compulsory to use barrier materials. Prominent factors that are playing major role in the growth of Barrier Materials Market are, high chemical and thermal stability, high resistance to bending, transparency, ability to process under gentle reaction conditions, and are suitable for roll-to-roll manufacturing. Barrier Materials Market segmented based on type, end users, and region. Type into PEN, PVDC, and EVOH classify Barrier Materials Market.

                          

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The PVDC segment accounted for the largest market share of Barrier Materials Market and expected to remain dominant in the upcoming years. The reason being, increasing demand for high-performance packaging applications like food and beverage, cosmetics, and scratch resistant. Moreover, PVDC consists of properties such as gloss and printing characteristics, antilog, and provides suitable transparency. It is a barrier polymer, formed by the polymerization of a vinylidene chloride monomer (acrylic esters and unsaturated carboxyl groups).On the other hand, EVOH segment estimated to grow at fastest pace over the foremost period. The reason being, it is highly flexible thermoplastic barrier material and inclusively used in food & beverage and pharmaceutical packaging as these are weather, oil & solvent resistant, moldable & recyclable, and highly transparent.

End user into Agriculture Industry, Food and Beverage Industry, Cosmetics Industry, Pharmaceutical Industry, and others classify Barrier Materials Market. The food & beverage segment is growing at a fastest pace and estimated to grow at highest CAGR in the upcoming years. The reason being, these materials prevents degradation of nutrients from oxidation by eliminating the entry of oxygen and other gases, it extend shelf life, and preserve flavor and quality. Barrier Materials Market segmented, geographically into America (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, Asia Pacific regional market accounted for the largest market share of Barrier Materials Market in terms of volume and will maintain its dominance in the upcoming years. India and China are the major consumers of barrier materials in this region. The reason being, rising population, promising investment policies, and government initiatives to endorse industrial growth.

On the other hand, North American regional market accounted for the significant market share because of its well-established manufacturers. Middle East and African regional market estimated to grow at its lucrative pace in future. The key players of Barrier Materials Industry are Teijin, Kuraray, Solvay, Dow Chemical, DuPont, The Nippon Synthetic Chemical Industry, Chang Chun Petrochemical and Kureha.

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