The report "Barrier Coatings Market by Type (Antioxidants, UV Stabilizers, Antimicrobials, Metalized Coatings, Organic Liquid Coatings), by Application (Food, Beverage, Cosmetic & Personal Care), and by Region - Global Trends & Forecast 2020", published by MarketsandMarkets, The global market is estimated to reach USD 4.90 Billion by 2020 at a CAGR of 5.5% from 2015 to 2020.
Browse 158 Tables and 57 Figures spread through 191 Pages and in-depth TOC on "Barrier Coatings Market"
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This growth is fueled by the increased use of packaging material, especially in Asia-Pacific, owing to changes in lifestyle, higher population, and rapid urbanization.
Food Packaging: The major market for functional additives and barrier coatings
Food packaging is the largest application of the Functional Additives and Barrier Coatings Market. It is an important segment of the packaging industry. It accounts for more than 60% of the global consumer plastic packaging market. Plastic resins play a major role in food packaging owing to their low cost, mechanical strength, and ease of processing and manufacturing. Functional additives and barrier coatings are added in plastic resins to strengthen the desired physical, mechanical, and barrier properties.
Antioxidant: The fastest-growing type for functional additives
Antioxidants slow down the oxidation cycle, usually by scavenging free radicals, preventing degradation of the polymer, and retaining the color development, mechanical, and physical properties according to the required standards. Antioxidants improve chemical resistance of the plastics. These are generally used in hydrocarbon polymers such as polypropylene, polyethylene, polystyrene, and ABS. Antioxidant additives find application in food & beverage applications.
Organic liquid coatings: The fastest-growing type for barrier coatings
Organic liquid coatings provide protection against moisture, oxidation, aroma, and flavor loss, and oil and grease permeation. These coatings are generally combined with plastic resins in duplex and triplex structure. These coatings include ethylene-vinyl alcohol (EVOH) copolymer, polyvinylidene chloride (PVDC), and polyvinyl alcohol (PVOH). Organic liquid coating, including PVDC, provide excellent barrier against oxygen and water vapor in comparison to other coatings. PVDC is used in high-performance packaging films owing to its effective barrier properties. Organic liquid coatings are typically best suited for food and pharmaceutical packaging applications owing to their regulatory compliance or acceptance.
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Asia-Pacific and Europe were the largest and second largest markets for functional additives and barrier coatings in 2015
Asia-Pacific is the largest market, with major developments and investments undertaken in China and India. Europe and Asia-Pacific together accounted for a major portion of demand for functional additives and barrier coatings in 2015. These two regions are estimated to dominate the global market by 2020, with advanced technological developments in these additives and coatings for end users. Asia-Pacific is projected to remain the major market till 2020, with high investments in food and pharmaceutical & healthcare applications owing to growing population and demand. Europe is the second largest market for functional additives and barrier coatings.
Major players, such as BASF SE (Germany), Songwon Industrial Co. Ltd. (South Korea), Cytec- Solvay Group (U.S.), Clariant Corp. (Switzerland), and Addivant (U.S.) have adopted development strategies, such as capacity expansions, acquisitions, and new product developments to achieve growth in the global market.
This report includes market analysis, in terms of value and volume, for functional additives and barrier coatings, and forecast for the market size till 2020. The report includes the market segmentation by type, application, and region. It also provides company profiles and competitive strategies adopted by the major market players in the global market.
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The thermal barriers coatings market is projected to witness robust growth during 2018-2026.
The market is expected to grow at 6.66% CAGR, thanks to rising demand for aviation turbines.
Rise of low-cost carriers, and growing demand in the tourism sector is expected to drive demand for metal-based coatings for alloys used in aviation turbines.
The sector has witnessed dwindling sales in key markets like the US in recent years.
Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=17477Vapor Deposition Method to Dominate GrowthThe thermal barriers coatings market is divided according to various methods including vapor deposition, air plasma and a few others.
However, in the near future, the growth is expected to be driven mainly by vapor deposition segment.
The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/64445/global-moisture-barrier-coatings-2021-786Segment by Type, the Moisture Barrier Coatings market is segmented into:Water-based CoatingOil-based CoatingSegment by Application:ResidentialCommercialPublic BuildingGlobal Moisture Barrier Coatings Market: Regional AnalysisThe Moisture Barrier Coatings market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Moisture Barrier Coatings market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Moisture Barrier Coatings Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
