The "Global Barrier Materials Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global barrier materials market to grow at a CAGR of 7.20% during the period 2018-2022.

The latest trend gaining momentum in the market is mergers and acquisitions. M&A help companies survive in the competitive market by increasing their market shares or improving the business model. Companies acquire smaller companies to widen their product base. For instance, in the global barrier materials market. The Dow Chemical Company and DuPont have merged with each other. The merger of both these companies has led to an increase in revenue and improvement in the product portfolio of the company. KURARAY acquired Mc& that manufactured a bio-based barrier film (primarily from a specialized form of starch) in 2015. The group had announced the acquisition of Calgon Carbon Corporation, which is expected to be completed by December 2017.

According to the report, one of the major drivers for this market is rising demand for barrier materials by major end-user industries. Factors such as long working hours, increasing commuting time, and the emergence of nuclear families have led to many lifestyle changes. Barrier materials are primarily used for packaging food and beverage products such as meat, fish, beer, wine, and canned milk and vegetables. Packaged and convenience foods have significantly reduced cooking at home. Consumers are inclined toward packaged food products as they eliminate the need for food preparation. This has led to an increase in the demand for barrier materials used for food packaging.

Market Trends

  • Mergers and acquisitions
  • Bio-based barrier materials helping market growth
  • Product innovation and R&D on barrier materials

Key Vendors

  • Asahi Kasei
  • DowDuPont
  • KURARAY
  • KUREHA CORPORATION
  • Solvay
  • TEIJIN

Other Prominent Vendors

  • NIPPON GOHSEI
  • Chang Chun Group
  • Juhua Group
  • Dhunseri Petrochem Limited

For more information about this report visit https://www.researchandmarkets.com/research/vd3k7c/global_barrier?w=4