PUNE, India, March 10, 2016 /PRNewswire/ --
The report "Functional Additives and 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.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 158 Tables and 57 Figures spread through 191 Pages and in-depth TOC on "Functional Additives and Barrier Coatings Market"
http://www.marketsandmarkets.com/Market-Reports/functional-additives-and-barrier-coatings-market-86258744.html
Early buyers will receive 10% customization on this report.
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.
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=86258744
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.
Browse Related Reports:
Antimicrobial Plastic Market by Type (Commodity Plastic, Engineering Plastic, and High Performance Plastic) by Application (Healthcare, Packaging, Consumer Goods, Automotive, Construction, and Others) & by Region - Global Forecast to 2020 - CH 3315 - October 2015
http://www.marketsandmarkets.com/Market-Reports/antimicrobial-plastic-market-20591555.html
Plastic Additives Market by Type (Plasticizers, Stabilizers, Flame Retardants, Impact Modifiers), Plastic (Commodity, Engineering, and High Performance Plastic), and by Application (Packaging, Construction, Consumer Goods, Automotive) - Global Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/plastic-additives-market-722.html
About MarketsandMarkets:
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.
M&M's flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article