The market for barrier coatings and functional additives is projected to reach US$ 2,254.4 million in 2022 and US$ 3,814.5 million in 2032, growing at a CAGR of 5.4%. The rise in demand for PET bottles that offer UV protection is credited with the growth.
The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Packaging industry as well. The thriving market of the Functional Additives And Barrier Coatings Market is expected to exhibit a steep decline in sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower.
It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.
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Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Functional Additives And Barrier Coatings Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2031.
The team of analysts at Future Market Insights are focussing on research and market study to produce different Functional Additives And Barrier Coatings Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Functional Additives And Barrier Coatings Market.
Key Players
- DuPont, Clariant Chemicals Ltd., Addivant USA, LLC, Cytec Solvay Group, SONGWON Industrial Co., Ltd., BASF Corporation, and others.
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Segmentation
The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:
Based on product type, the global functional additives and barrier coatings market is segmented into following:
- Oxygen Scavenger
- UV Stabilizer
- Antistatic Additives
- Antimicrobial Agent
- Antioxidant Additive
By application, the global functional additives and barrier coatings market is segmented into following:
- Polyolefin
- Styrene
- PVC
- Elastomers & Latex
Based on end users, the global functional additives and barrier coatings market is segmented into following:
- Food & Beverage Industry
- Pharmaceutical Industry
- Cosmetic and Personal Care
- Healthcare
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The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
Queries Solved
- What is the size of the overall Functional Additives And Barrier Coatings Market in the Packaging Industry and its segments?
- What are the key segments and sub-segments in the market?
- What are the key drivers, restraints, opportunities, and challenges of the Functional Additives And Barrier Coatings Market in the Packaging Industry, and how they are expected to impact the market?
- What are the attractive investment opportunities within the Functional Additives And Barrier Coatings Market in the Packaging Industry?
- What is the Functional Additives And Barrier Coatings Market in the Packaging Industry size at the regional and country-level?
- What are the key market players focusing on?
- What are the strategies for growth adopted by the key players in Functional Additives And Barrier Coatings Market in the Packaging Industry?
- What are the recent trends in Functional Additives And Barrier Coatings Market in the Packaging Industry? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the Functional Additives And Barrier Coatings Market in the growth of the Packaging Industry?
- What are the key market trends impacting the growth of the Functional Additives And Barrier Coatings Market in the Packaging Industry?
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