Strategic Assessment of EVOH Resin Market – Forecast Till 2023
Majorly used for food packaging and non-food packaging, EVOH Resin is having high demand around the world. The growing demand for pharmaceutical packaging is expected to create more lucrative opportunities for the market in the coming years.
EVOH Resin Market Size and Growth Rate:
EVOH Resin Market was valued at USD 840 million in 2017 and is expected to reach USD 1020 million by 2023 growing at a CAGR of 2.3% during the forecast period 2017 to 2023.
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EVOH Resin Market Growth Drivers and Restraints:
Healthy economic growth, changing consumer preferences, improvement in the standards of living and increased spending on infrastructure are expected to drive the barrier resins market. Depending upon the buyer bargaining power, emphasis on high-quality products at low costs are creating drastic changes in the Ethylene-Vinyl Alcohol Resins’ supply chain are some of the challenges for the growth of this market.
Geographical Overview of EVOH Resin Market:
Asia-Pacific is the major producer in the world and the largest supplier of product all around the world. The APAC regions witness a rapid transformation and growth mainly driven by developed infrastructure and sustainable economic growth.
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Key Players of EVOH Resin Market:
Some of the leading market players operating in EVOH Resin Market are Kuraray, Nippon Gohsei and Chang Chun Petrochemical
EVOH Resin Market Segmentation:
By Type:
- Ethylene(mol%)＜29
- 29≤Ethylene(mol%)＜35
- 35≤Ethylene(mol%)＜38
- 38≤Ethylene(mol%)＜44
- Ethylene(mol%)≥44
By End-User / Application:
- Food Packaging Material
- Household Wrapping Material
- Automotive Gas Tanks
- Pipes for Floor Heating Systems
- Wall Coverings
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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