Global Barrier Resins Market 2017-2021

Overview of the global barrier resins market

According to Technavio’s market research report, the global barrier resins market will grow at a CAGR of close to 6% during the forecast period. The growing demand for barrier resins from the pharmaceutical packaging industry will drive the growth prospects for the market during the forecast period. Pharmaceutical packaging industry primarily uses polyvinylidenechloride (PVDC) and ethylene vinyl alcohol (EVOH) as barrier materials. These materials are used for protecting pharmaceutical products against the light, moisture, oxygen, biological contamination, mechanical damage, and counterfeiting. The technological innovations and advanced manufacturing processes in the pharmaceutical packaging industry will fuel the demand for PVDC as barrier materials. The emerging economies such as the BRICS nations are witnessing a growth in the pharmaceutical packaging industry due to increased disposable incomes. This in turn, will drive the demand for barrier resins in especially in countries such as India and China.  

The barrier resins market in APAC accounted for the majority shares during 2016. The adoption of barrier resins is increasing in the region due to the recent trend for social security and healthcare systems. This will increase the healthcare expenditure and the use of barrier resins during the projected period. The growth in contract manufacturing activities will encourage packaging industries to invest more on barrier resins. Additionally, the rising government initiatives on healthcare will also fuel the demand for barrier resins in the pharmaceutical sector.

Competitive landscape and key vendors

The barrier resins market is characterized by the presence of many vendors and is highly fragmented and competitive. These vendors increasingly focus on product performance and quality, price, product availability, security of supply, and customer service to gain a competitive edge over their competitors. They compete against each other based on factors such as price, innovation, quality and performance, and customer-centrism.

Key vendors in this market are -

• Solvay
• The Dow Chemical Company
• INEOS
• Kuraray
• Teijin DuPont Films Japan

Other prominent vendors in the market include Asahi Kasei, ChangChun Group, INVISTA, KUREHA CORPORATION, LG Chem, MITSUBISHI GAS CHEMICAL, The Nippon Synthetic Chemical Industry, and Valspar.

Segmentation by resin type and analysis of the barrier resins market

• PVDC
• EVOH
• PEN
• Nylon

PVDC is a homopolymer of vinylidene chloride and is hard and brittle. It acts as a barrier towards vapor, odor, and flavor. PVDC resins are copolymers that contain more than 50% vinylidene chloride and other resins such as methyl methacrylate and vinyl chloride. The PVDC barrier resins segment accounted for the majority market share during 2016 due to its low permeability towards carbon dioxide, nitrogen, oxygen, and water. The segment will continue to account for the maximum shares because industries such as food and beverage, healthcare, and cosmetics highly rely on PVDC as they are used as high-performance barrier materials.

Segmentation by application and analysis of the barrier resins market

• Food and beverage
• Pharmaceutical
• Cosmetics
• Agriculture

The food and beverage industry is the largest end-user of barrier resins and accounted for the majority market share during 2016. These resins are highly used for packaging food products such as canned milk, meat, fish, beer, wine, canned vegetables and fruits, and carbonated soft drinks. Barrier films or sheets have an excellent insulation property and are lightweight and unbreakable. They also act as a shield against the permeation of ultraviolet (UV) rays in meat packaging.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global barrier resins market?
• What are the key market trends impacting the growth of the global barrier resins market?
• What are the challenges to market growth?
• Who are the key vendors in the global barrier resins market?
• What are the market opportunities and threats faced by the vendors in the global barrier resins market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global barrier resins market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming report by Technavio is an essential part of the chemicals and materials industry and provides vital information on fast-paced growth markets like plastics, polymers, and elastomers, paints, coatings, and pigments, and specialty chemicals. Additionally, with an aim to help clients garner a competitive edge over their peers, Technavio offers key knowledge on the market drivers and challenges and also enlists all the prominent vendors in the chemicals and materials industry.

To accurately forecast the plastics, polymers, and elastomers industry’s growth outlook, Technavio’s market research specialists follow a combined research approach of primary and secondary techniques and also conduct an extensive analysis based on several market factors such as advancements in technology and the demand-supply shifts across different geographical boundaries. To help clients set down new policies for growth, our upcoming industry research report on global barrier resins market for the forecast period of 2017 to 2021 proposes actionable insights devised from the data collected from reliable sources of information, including manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on global barrier resins market also considers the growth of similar markets like membrane and vinyl acetate, which are expected to grow at a CAGR of about 9% and close to 7%, respectively by the year of forecast 2021. According to our team of market research analysts, the rising demand for polymer production, plastic bottling, packaging applications, and the increasing use of polymer compound as additives in construction cement are the factors that will contribute to the growth of plastics, polymers, and elastomers market segment for the next few years. Based on the individual specifications of many clients, Technavio also produces customized reports, which can aid local vendors and global players augment their position in the chemicals and materials industry.

The upcoming industry research report for global barrier resins market showcases the market drivers,  future market trends, and the challenges faced by the plastics, polymers, and elastomers industry and also presents a holistic overview of additives, adhesives, and sealants, bio-chemicals and bio-materials, olefins, and textile, fiber, and composites sectors.