Global Barrier Material Market Research Report Growth, Industry Size
Added: (Tue May 14 2019)
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The report “Global Barrier Materials Market – Industry Analysis, Size, Growth, Outlook, Trends and Forecasts (2018 – 2024)” defines and segments the barrier materials market with analysis and forecast of the market sizes. The global barrier materials market was valued at USD Million in 2018 and is expected to reach USD Million by 2024, at a CAGR during the forecast period. Barrier materials exhibit essential properties like durability and there is a sturdy impact on thermal and chemical resistance. PVDC is a highly effective barrier coating polymer. Due to some features like density, symmetry and molecular structure PVDC works as an excellent barrier against gases.
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PVDC holds the largest market share in barrier materials followed by EVOH, the fastest-growing barrier material
Outstanding heat sealing properties and highly flexible characteristics allows the PVDC to perform across a wide range of applications such as household (filters, screens), industry (waste-water treatment materials), and fabrics. EVOH is a extremely versatile thermoplastic barrier material which has major applications in food & beverage and pharmaceutical packaging due to its highly transparent nature; weather, oil & solvent resistant nature; moldable and recyclable.
Asia Pacific is the foremost leading region in the barrier material market across the globe.
Due to the high demand of barrier materials in pharmaceutical packaging, Asia Pacific is in the leading position and shows dominance over other regions. Asia Pacific market share for barrier materials is accounted for more than 42.37% of the total market. Other regions like North America, South America, and Middle East and Africa contribute to the market share of 30%, 10% and 22% of the overall market respectively. China is the growing market within the Asia Pacific region accounting for quite half the demand for barrier materials, followed by Japan and Taiwan. The soaring demand for barrier materials particularly for PVDC, EVOH and PEN is due to the continuing industrialization and growth of the producing sector within the region (APAC). The continuous growth and innovation in global barrier materials trade is projected to contribute to the expansion of this trade.
The major market top players of global barrier materials are The Dow Chemical Company (U.S.), E.I. du Pont de Nemours and Co. (U.S.), Chang Chun Petrochemical Co., Ltd (Taiwan), Kuraray Co., Ltd (Japan), and Solvay SA (Belgium).
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