Global Barrier Materials Market 2016-2020
Our team recognizes the following companies as the key players in the global barrier materials market: Dow Chemical, DuPont, Kuraray, Solvay, and Teijin.
Other Prominent Vendors in the market are: Chang Chun Petrochemical, Kureha, and The Nippon Synthetic Chemical Industry.
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Commenting on the report, an analyst from our team said: “Developing the best product applications by bringing the industry and application development expertise to pick up the next level of productivity in terms of product quality, is a market trend for leading vendors in the barrier materials market. Developing cost-effective barrier materials is a key challenge for the companies. Players have to meet the need of the end-user industries and increase collaborations with customers to create a product that can drive the total demand from different regions for the barrier materials. Major companies are also trying to seize selective growth and expansion opportunities by introducing innovative products and solutions for current and future demands from the end-user industries of barrier materials.”
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According to the report, advanced manufacturing processes, technological innovations, and strategic alliances of companies have resulted in the rapid growth of the pharmaceutical packaging industry. Barrier materials, especially PVDC and EVOH, are primarily used for protecting pharmaceutical products against light, moisture, oxygen, biological contamination, mechanical damage, and counterfeiting. The pharmaceutical packaging industry is expected to post the highest growth in emerging economies, such as Brazil, Russia, India, China, and South Africa (BRICS). The growth in these countries is fostered by an increased disposable incomes and growth in healthcare facilities. Large population base, favorable demographics (growing population and higher life expectancy) are the key drivers for the market growth in India and China. For instance, in 2014, the life expectancy in India was 68 years and in China was 68.
Further, the report states that major manufacturers such as Kuraray, Dow Chemical, and DuPont are continuously expanding their barrier materials business across different regions. On the contrary, the number of raw material suppliers of EVOH, PEN, PVDC, and others is low in many countries, which is further leading to a massive gap in the supply and demand of these materials. This gap between the raw material supply and demand in the barrier materials market poses a challenge for the manufacturers. Key vendors are setting up their manufacturing plants in developing economies, but the scarcity of raw materials due to lack of logistics is creating a restraint for these vendors.
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. For further information on this report, please visit- https://marketreportscenter.com/reports/383342/global-barrier-materials-market-2016-2020
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