Performance additives are chemical substances added to materials, such as plastic, paints, rubber, and others to enhance their performance. Barrier materials are those additives that prevent the penetration of small atmospheric and molecular gases such as volatile flavor nitrogen compounds, carbon dioxide, oxygen, water vapor, and aromatic compounds into the packaging material. Various advantages of barrier materials are as follows: high level of chemical and thermal stability, transparency of material, resistance against bending, processing under normal reaction conditions, suitable for roll-to-roll manufacturing, large processing time barrier materials are popularly used in numerous applications due to their excellent performance and properties such as extended shelf life and high thermal stability against gases, water vapor, and aromas.
MIR analysts forecast the global barrier materials market to grow at a CAGR of 7.20% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global barrier materials market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of barrier materials.
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Global Barrier Materials Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Barrier Materials Market Key Vendors Are: Asahi Kasei, DowDuPont, KURARAY, KUREHA CORPORATION, Solvay, TEIJIN.
Other Prominent Vendors in the market are: NIPPON GOHSEI, Chang Chun Group, Juhua Group, Dhunseri Petrochem Limited
Barrier Materials Market Driver:
- Rising demand for barrier materials by major end-user industries
- For a full, detailed list, view our report
Barrier Materials Market Trends:
- Mergers and acquisitions
- For a full, detailed list, view our report
Browse Full Report and Related Details at: https://www.marketinsightsreports.com/reports/0119165630/global-barrier-materials-market-2018-2022
The Barrier Materials Market is divided into the following segments based on Geography:
This independent 126-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Barrier Materials Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is mergers and acquisitions. M&A help companies survive in the competitive market by increasing their market shares or improving the business model. Companies acquire smaller companies to widen their product base. For instance, in the global barrier materials market. The Dow Chemical Company and DuPont have merged with each other. The merger of both these companies has led to an increase in revenue and improvement in the product portfolio of the company. KURARAY acquired Mc& that manufactured a bio-based barrier film (primarily from a specialized form of starch) in 2015. The group had announced the acquisition of Calgon Carbon Corporation, which is expected to be completed by December 2017.”
According to the report, one of the major drivers for this market is rising demand for barrier materials by major end-user industries. Factors such as long working hours, increasing commuting time, and the emergence of nuclear families have led to many lifestyle changes. Barrier materials are primarily used for packaging food and beverage products such as meat, fish, beer, wine, and canned milk and vegetables. Packaged and convenience foods have significantly reduced cooking at home. Consumers are inclined toward packaged food products as they eliminate the need for food preparation. This has led to an increase in the demand for barrier materials used for food packaging.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Highlights of The Barrier Materials Market Report:
- The key details related to Barrier Materials Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
- Competitive study of the major Barrier Materials Market players will help all the market players in analyzing the latest trends and business strategies.
- The study of emerging Barrier Materials Market segments and the existing market segments will help the readers in planning the business strategies.
- Figure Global Production Market Share of Barrier Materials Market by Types and by Applications in 2017.
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