Global Barrier Materials Market 2018-2022
About Barrier Materials
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.
Technavio’s analysts forecast the global barrier materials market to grow at a CAGR of 7.20% during the period 2018-2022.
Covered in this report
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.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Barrier Materials Market 2018-2022
Technavio recognizes the following companies as the key players in the global barrier materials market: Asahi Kasei, DowDuPont, KURARAY, KUREHA CORPORATION, Solvay, and TEIJIN.
Other Prominent Vendors in the market are: NIPPON GOHSEI, Chang Chun Group, Juhua Group, and Dhunseri Petrochem Limited.
Commenting on the report, an analyst from Technavio’s 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.
Asahi Kasei, DowDuPont, KURARAY, KUREHA CORPORATION, Solvay, TEIJIN, NIPPON GOHSEI, Chang Chun Group, Juhua Group, and Dhunseri Petrochem Limited.
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