The functional additives and barrier coatings market is anticipated to be valued at US$ 2,254.4 Million in 2022, forecast to grow at a CAGR of 5.4% to be valued at US$ 3,814.5 Million from 2022 to 2032.
The growing need for environmentally friendly and sustainable packaging solutions is one of the key factors driving the market for functional additives and barrier coatings. Barrier coatings offer a technique to increase product shelf lives and decrease food waste, which is crucial given worries about the environment and food security.
A variety of products created to improve the performance of coatings and packaging materials are included in the functional additives and barrier coatings business, a subset of the larger coatings and additives industry. Properties including moisture resistance, gas and scent barrier, and antibacterial characteristics are provided by functional additives and barrier coatings.
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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.
The Key Players-
DuPont, Clariant Chemicals Ltd., Addivant USA, LLC, Cytec Solvay Group, SONGWON Industrial Co., Ltd., BASF Corporation, and others.
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The Segmentations
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
Frequently Asked Questions (FAQs)
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