Barrier Resins Market was valued US$ 12.4 Bn in 2021 and is expected to grow US$ 17 Bn by 2027, at a CAGR of around 5.40% during the forecast period.
Barrier Resins Market Overview:
The Barrier Resins market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Barrier Resins Market, as well as the reasons for variations in the industry's growth between regions.
Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Segmentation:
Rise in the pharmaceutical packaging industry in emerging economies and enhanced shelf life of packaged food products continue to drive the food packaging market. For example, OxyClear barrier resin is a PET-based, monolayer oxygen ingress barrier resin that provides shelf-life protection for up to 24 months. Containers made from OxyClear barrier resin are crystal clear and protect oxygen-sensitive foods & beverages, like juice, wine, beer, dairy, and fortified water.
Key Players:
• Kuraray Co., Ltd.
• The Dow Chemicals Company
• E. I. DU PONT De Nemours And Company
• Asahi Kasei Corporation
• Solvay S.A.
• Honeywell International Inc.
• Mitsubishi Gas Chemical, Inc.
• INEOS Group Ltd.
• Invista
• Chang Chun Petrochemical Co., Ltd.
• Kureha Corporation
• Teijin Limited
• The Nippon Synthetic Chemical Industry Co., Ltd.
• Zhejiang Juhua Co., Ltd.
• Valspar
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Barrier Resins market are as follows:
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Barrier Resins market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Barrier Resins Market:
Due to a break in operations, end-user sectors where Barrier Resins are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Barrier Resins manufacturers, impacting the growth of the Barrier Resins market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Barrier Resins.
Key Questions Answered in the Barrier Resins Market Report are:
- In 2021, which segment held the highest proportion of the Barrier Resins market?
- What is the Barrier Resins market's competitive landscape?
- What are the primary drivers assisting Barrier Resins market growth?
- Which region has the most market share in the Barrier Resins market?
- What will be the Barrier Resins market's CAGR throughout the projected period (2022-2027)?
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