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Markets & companies, Coatings market

Functional additives and barrier coatings market to grow

Monday, 19 July 2010

The global market for functional additives and barrier coatings for plastic packaging is to grow by 4.3 % until 2014.

Functional additives and barrier coatings for plastic packaging global market value in 2007-9 and forcast for 2014 (in million USD). Source: Pira International Ltd.
Functional additives and barrier coatings for plastic packaging global market value in 2007-9 and forcast for 2014 (in million USD). Source: Pira I...

The global market for functional additives and barrier coatings for plastic packaging is to grow by 4.3 % in the period 2009-2014. In 2014 the sector will be worth USD 752 million compared to USD 609 million in 2009, according to a new study by Pira International entitled "The Future of Functional Additives and Barrier Coatings for Plastic Packaging to 2014". In the period 2009-2014, Pira predicts barrier coatings will grow 4.6 % annually on average, while functional additives are expected to expand at a slightly more modest 3.9 %. The resulting 4.3 % CAGR of the combined additives and coatings market is a much higher than the predicted growth of the packaging market. The market segments with the best development prospects are epoxy, SiOx, carbon and PVOH coatings and antifog and antimicrobial additives. The largest users of functional additives and barrier coatings for plastic packaging are electronics, electricals and the snack foods market. The report analyses the market as a whole and by type of coating and additive, end-use sector and geographic region. Key market drivers, trends and technological developments are also covered in detail.

related links:

http://www.pira-international.com

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