1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Paint and Coating Market Trends

Functional Additives and Barrier Coatings Market by Type , by Application , and by Region - Global Trends & Forecast 2020

  • March 2016
  • 192 pages
  • MarketsandMarkets
Report ID: 3700459

Summary

Table of Contents

“The increased use of packaging material, especially in Asia-Pacific, owing to the changing lifestyle, higher population, and rapid urbanization is driving the consumption of functional additives and barrier coatings“

The global functional additives and barrier coatings market is projected to reach USD 4.90 billion by 2020, registering a CAGR of 5.5% between 2015 and 2020. Rising disposable income and changing lifestyle is one of the key reasons driving the market. Asia-Pacific accounts for more than two-fifth of the global market owing to rising investments by foreign companies, growing production facilities, and rise in living standards of people.

“Food packaging: The major application market for functional additive and barrier coatings”

Food packaging, refers to packaging material used in the food application, food items such as fruit and vegetable, meat, fish, frozen food, chilled food, dried food, baked food, confectionary item, and dairy products generally undergo plastic packaging before reaching the end consumers. The demand for functional additives and barrier coatings will be influenced based on demands of the customer, changing lifestyles, technological innovations, development in legislation, environmental concerns, and changes in retail practices.

“Antimicrobial additive: The largest type for functional additive, in terms of value”

Plastic resins are highly susceptible to microorganisms, which can cause staining, odor, discoloration, and loss of aesthetics, hygiene, and mechanical properties in the material. Antimicrobial additives protect plastic resins from bacteria, fungi, algae, mold, and other microorganisms by interacting with negatively charged components in the microbial cell membranes. These additives can be both organic and non-organic (silver based). However, non-organic antimicrobial are commonly used for all type of plastic resins.



“Asia-Pacific: The largest and fastest-growing region for functional additives and barrier coatings”
The functional additives and barrier coatings market is divided into four regions, namely, Asia-Pacific, Europe, North America, and RoW. Asia-Pacific is the largest market for functional additives and barrier coatings owing to high demand from the packaging industry, high population, and presence of a wide range (small, medium, and large) of market players supplying their product to the region. Europe accounted for the second largest market share in 2015, with Germany being the largest country in the region for the functional additives and barrier coatings market.

This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided under three categories, namely, company, designation, and region.
- By Company Type- Tier 1- 64%, Tier 2- 20% and Tier 3- 16%
- By Designation- C Level- 38%, Director Level- 53% and Others- 9%
- By Region- North America- 25%, Europe- 45%, Asia-Pacific- 20%, and RoW- 10%

The report also provides company profiles and competitive strategies adopted by the major market players, such as BASF SE (Germany), Songwon Industrial Co. Ltd. (South Korea), Cytec-Solvay Group (U.S.), Clariant Corp. (Switzerland), and Addivant (U.S.).

The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the functional additives and barrier coatings market comprehensively and provides the closest approximations of the revenue for the overall market and the subsegments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, and opportunities.
3. This report also help stakeholders understand the competitor and gain more insights about the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Paint and Varnish Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 24725
  • Industry report
  • July 2017
  • by Global Research & Data Services

The industry report package Paint and Varnish Markets in the World to 2021 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook ...

World Paint and Coatings Market: Strategic Assessments of Leading Suppliers

  • $ 12700
  • Industry report
  • September 2017
  • by Venture Planning Group

Complete report $12,700.  Individual company assessments $2,450. This thought-provoking report on performance, capabilities, goals and strategies of the major competitors in the worldwide paints and coatings ...

Paint and Varnish Markets in Europe to 2021 - Market Size, Development, and Forecasts

  • $ 12223
  • Industry report
  • July 2017
  • by Global Research & Data Services

The industry report package Paint and Varnish Markets in Europe to 2021 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.