PUBLISHER: Value Market Research | PRODUCT CODE: 1288919
PUBLISHER: Value Market Research | PRODUCT CODE: 1288919
As per this study the Global EVOH Resin Market was valued USD 1014.50 MN (by revenue) in 2022 and is anticipated to reach USD 1310.29 MN by 2030 with a CAGR of 3.20%.
Ethylene vinyl alcohol (EVOH) resin is the semi crystalline ethylene-vinyl alcohol copolymer with extraordinary gas barrier properties. It is used for food and non-food packaging applications. EVOH resin exhibit good thermal stability, chemical resistance, flavor preservation, and barrier to oxygen, fragrance, and solvents.
The rising demand of EVOH resin in food packaging to increase its shelf life is driving the market growth. Owing to superior chemical resistance, EVOH resins are widely used in pharmaceutical packaging. Increasing demand for automotive gas tanks owing to increasing automotive sales is also accelerating the market growth. On the flip side, high cost of the product may act as challenge for the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of EVOH resin.
The broad EVOH resin market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
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Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.