Kuraray Co Ltd. (Japan) and Asahi Kasei Chemical Corporation (Japan) are leading players in Barrier Resins Market

January 10 19:34 2022
Kuraray Co Ltd. (Japan) and Asahi Kasei Chemical Corporation (Japan) are leading players in Barrier Resins Market
Browse 189 market data Tables and 49 Figures spread through 231 Pages and in-depth TOC on “Barrier Resins Market”
Barrier Resins Market by Type (PVDC, EVOH, PEN), Application (Food & Beverage, Pharmaceutical & Medical, Cosmetics, Agriculture, Industrial), and Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa)

The barrier resins market exhibits high growth potential and is projected to reach a market size of USD 16.6 billion by 2026 from USD 12.4 billion in 2021, at a CAGR of 5.9 %. The market growth is being led by the ease of use and customization of barrier resins products. They provide great protection against moisture, UV rays, heat and many more external factors. They do not react with the chemicals being stored in them and protects their integrity. The growing demand in the packaging industry specially in food & beverage. APAC region is the largest market for barrier resins. Barrier resins are preferred over traditional packaging for being lightweight, customizable, moisture and leak-proof qualities, and ease of use. The only major concern was the environmental impact of non-biodegradable films which is getting slowly settled by the introduction of bio-based barrier resins. 

To know about the assumptions considered for the study download the pdf brochure

These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, and partnership & agreement, to grow in the market. Investment & expansion and merger & acquisition were the key strategies adopted by the major players between 2018 and 2021. This strategy helped companies increasing their global presence, product portfolio, and market shares.

Kuraray Co Ltd. is second in leading the barrier resins market. The company started with a purpose of commercializing synthetic rayon. The company has business in fibers & textiles and chemical segments. It produces barrier resins for agriculture, food & beverage, automotive, electronics, and other end-use industries. The company has business in APAC region and slowly developing in Europe.

Asahi Kasei Corporation is the leading company in the producing, processing, and selling of chemical products. It sells barrier resins through their subsidiary Asahi Kasei Chemical Corporation (Japan) as the leading producer of PVDC resins. It operates in various business segments including chemicals & fibers, homes & construction materials, electronics, health care, and others. The company serves customers in Japan & China mainly. The company is focused on developing global customer reach as an initiative they are building new plants including one in Changshu, Jiangsu, China. It has a wide range of barrier resins for applications, such as food, pharmaceuticals, and industrial. The company’s growth is driven by the flexible packaging market, which, in turn, drives the demand for barrier resins.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=231202902

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/barrier-resin-market-231202902.html