A major factor driving growth of the global barrier materials market is increasing adoption of barrier materials from pharmaceuticals and food & beverages industries. In addition, increasing demand for bio-based barrier materials and increasing demand for processed and packaged food are other factors expected to further fuel growth of the global barrier materials market over the forecast period. A major factor hampering growth of the global barrier materials market is increased packaging cost, owing to use of barrier materials.
On the basis of type, the global market is segmented into polyvinylidene chloride (PVDC), ethylene vinyl alcohol (EVOH), polyethylene naphthalate (PEN), and others. The polyvinylidene chloride segment accounts for highest share in the global market and is expected to witness highest growth in terms of revenue during the forecast period.
On the basis of end-user industry, the global market is segmented into pharmaceuticals, food & beverages, cosmetics, agriculture, and others. The food & beverages segment is expected to register highest growth over the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts for significant share in the global market in term s of revenue. The Asia Pacific market accounts for highest share and is expected to witness highest growth over the forecast period. This growth can be attributed to presence of major manufacturers and rapid development in pharmaceuticals and food industry in countries in this region.
Key players in the global market are Kuraray Co., Ltd., The Nippon Synthetic Chemical Industry Co., Ltd. (Nippon Gohsei), The Dow Chemical Company, E. I. Du Pont De Nemours and Company, Chang Chun Petrochemical Co., Ltd., Solvay SA, Kureha Corporation, Ashahi Kasei Corporation, Zhejiang Juhua Co., Ltd., and other prominent players.