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Barrier Resins Market Share

Report ID: GMI7800
Published Date: Jan 2024
Report Format: PDF

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Barrier Resins Market Share

Barrier Resins Market Company Market Share, (2023)

Major market players in the barrier resins industry include LyondellBasell Industries, a global leader known for its diverse range of chemicals and plastics; Exxon Mobil Corporation, a prominent oil and gas company with a significant footprint in chemical production, particularly polyethylene terephthalate (PET) used in barrier resins.

The Dow Chemical Company, a diversified chemical giant offering a wide array of barrier resins, including ethylene vinyl alcohol (EVOH) and polyvinylidene chloride (PVDC); Berry Global Inc., a leading manufacturer specializing in plastic packaging products, utilizing resins such as polypropylene (PP) and PET; and Westlake Chemical Corporation, a major player in the petrochemicals sector, contributing to barrier resin production, particularly polyethylene. These key industry players play a pivotal role in shaping the market landscape, driving innovation, and meeting the evolving demands of various end-use sectors, such as food packaging, pharmaceuticals, and cosmetics.

Barrier Resins Market Companies

Major players operating in the barrier resins industry include:

Berry Global Inc.
Borealis AG
China Petroleum & Chemical Corporation
Exxon Mobil Corporation
Formosa Plastics Group
INEOS
LG Chem
LyondellBasell Industries
Mitsubishi Chemical Corporation
SABIC
Solvay
The Dow Chemical Company
Toyo Seikan Group Holdings Co., Ltd.
Westlake Chemical Corporation

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Barrier resins industry was valued at around USD 13.76 billion in 2023 and is estimated to reach USD 22,098.2 Million by the end of 2032 driven by the increasing demand for extended shelf life and enhanced preservation of products in these industries.

Ethylene Vinyl Alcohol (EVOH) segment held a market value of USD 3.49 billion in 2023 and will grow significantly through 2032 due to the increasing demand for advanced packaging solutions, particularly in the food & beverage industry.

The U.S. barrier resins market revenue was USD 1.06 billion in 2023, with expectations of continued expansion from 2024 to 2032 owing to the robust and technologically advanced packaging industry in the U.S., which is a major consumer of barrier resins.

Berry Global Inc., Borealis AG, China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Formosa Plastics Group, INEOS, LG Chem, LyondellBasell Industries, Mitsubishi Chemical Corporation, SABIC, Solvay, The Dow Chemical Company, Toyo Seikan Group Holdings Co., Ltd., and Westlake Chemical Corporation.