Research and Markets has announced the addition of the "Barrier Resins Market by Type, Application, and Region - Global Forecast to 2026" report to their offering.
The global barrier resins market is projected to reach USD 3.52 Billion by 2026, at a CAGR of 5.85% from 2016 to 2026. Growth in the demand for the ethylene vinyl alcohol (EVOH) type is increasing the demand in the global barrier resins market. Rising demand from end-use industries in the developed and emerging countries is driving the growth of the global barrier resins market.
In 2015, the food & beverage application segment accounted for the largest market share, in terms of volume, followed by the pharmaceutical & medical, cosmetics, agriculture, industrial, and other applications. The rising demand for new product innovation, as well as the need for research and development in barrier resins to maintain the consistent quality of the end-product, has encouraged companies to adopt organic and inorganic strategies which will increase their market shares in the respective regions.
The Asia-Pacific region is expected to grow at the highest rate in the barrier resins market, in terms of value and volume, from 2016 to 2026. In recent years, the demand for the food & beverage and pharmaceutical & medical applications has increased in the Asia-Pacific region due to the growing population and rising disposable incomes, thus driving the barrier resins market in the region. Barrier resins are primarily used for the protection of the pharmaceutical products from light, moisture, oxygen, biological contamination, and mechanical damage.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Patent Details
8 Barrier Resins Market, By Type
9 Barrier Resins Market, By Application
10 Barrier Resins Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/pxp3jm/barrier_resins
View source version on businesswire.com: http://www.businesswire.com/news/home/20161123005360/en/Business Wire
Last updated on: 23/11/2016
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