November 1st,2022/Industry News Global/ -- This new report from Stratview Research analyses the Barrier Materials Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2025. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Barrier Materials Market Overview:
The sudden outbreak of COVID-19 has led to unforeseen fluctuations across many industries and the Barrier Materials Market is no different. Derived from the previous market scenario, the Barrier Materials Market is likely to witness an impressive CAGR of 5.4% during the forecast period but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Key Players:
- Ashahi Kasei Corporation
- Chang Chun Petrochemical Co., Ltd.
- E. I. Du Pont De Nemours and Company
- Kuraray Co., Ltd.
- Kureha Corporation
- Solvay SA
- The Nippon Synthetic Chemical Industry Co., Ltd. (Nippon Gohsei)
- The Dow Chemical Company
- Teijin Limited
- Zhejiang Juhua Co., Ltd.
Segments' Analysis
By Type
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The market is segmented as polyvinylidene chloride (PVDC), ethylene vinyl alcohol (EVOH), polyethylene napthalate (PEN), and others. The claim for barrier materials is estimated to be significant across various industries such as food & beverage, pharmaceutical, cosmetic, and agriculture in the coming five years, which is driving the growth of this segment.
By End-Use Industry Type
The market is segmented as food & beverage, pharmaceutical, cosmetics, agriculture, and others. In terms of volume, the food & beverage segment imposed the market in 2018. The food & beverage segment is estimated to register the highest growth of 5.20% during the forecast period, in terms of volume. The growth in the end-use industry segment is majorly driven by the developing food & beverage and pharmaceutical sectors, majorly in the developing economies.
By Region
The rising claim from emerging economies, such as China and India for barrier materials, increased shelf-life of packaged food products and booming growth of the pharmaceutical packaging industry are the factors that sustain the global barrier materials market in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
The Barrier Materials Market is segmented by–
- By Type (Polyvinylidene Chloride (PVDC), Ethylene Vinyl Alcohol (EVOH), Polyethylene naphthalate (PEN), and Others)
- By End-Use Industry Type (Food & Beverage, Pharmaceutical, Cosmetics, Agriculture, and Others)
- By Region (North America, Europe, Asia-Pacific, and the Rest of the World)
Get access to deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/644/barrier-materials-market.html#form
About Stratview Research
Stratview Research is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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