Tie Layer Market
Tie Layer Market - By Type , By Application & Global Region - Market Size, Trends, Share & Forecast 2020-2025Request Sample Request Discount
Packaging is said to enhance the brand value of any product and a product's success to a great extent depends on its outer appearance. Often, a product moves from the shelf because of attractive packaging.
These days, plastic packaging films are most often multilayer films that combine the properties of two or more materials. The combination of different polymer layers is said to lower the gas and vapors permeability, reduce cost, and improve the mechanical properties such as puncture and tears resistance. However, dissimilar materials, when are coextruded to a multilayer film, due to the difference in the chemistry between them, often do not fuse together to form a single structure leading to delamination of the multilayer film. To improve adhesion between these poorly adhering layers, special adhesive polymers or Tie Resins were developed. These resins are typically polyethylene copolymers of polar and non-polar repeat units and with or without functional reactive groups.
Tie layer resins can be categorized based on the base resin used, namely:
- LLDPE (linear low density polyethylene)
- LDPE (low density polyethylene)
- HDPE (high density polyethylene)
- PP (polypropylene)
- EVA (ethyl vinyl acetate) or SEBS (styrene- ethylene- butylene-styrene)
Linear low-density polyethylene is the largest and the fastest growing tie-resin.
The type of tie layer resin to be used depends on the plastics to be bonded and on the adhesive strength needed. Other applications of TLRs include pipe coating, multi-layered pipe applications, and metal cladding among many others.
Multi-layer films since their introduction opened up a plethora of packaging options for various industries, especially food, pharma, agri-business, etc. As such, the tie-layer market is anticipated to grow at healthy CAGR over the next few years.
The growth of this market is attributed towards various pertaining factors including the increasing demand for multi-layered packaging films for food & beverages industries, the demand for high performance materials for various end-use applications in different fields, growing use of smart resin mix technologies and growing reliance on PE and EVOH and others.
Packaging applications account for the largest demand of tie layer resins also because multi-layer films are preferred over single-layer packaging due to several factors. For meeting rising hygiene standards, retaining the freshness of food products, preventing exposure to moisture, oxygen, light, contaminants, chemicals, retaining the color and flavor of food, the industry players are always on the look-out for new packaging materials and technological advancements. Also, the packaging is preferred to be attractive and appealing to the customers, and to account for this, the printed ink on the material surface should be protected from abrasion and have a certain rigidity to maintain a quality image of the product.
Moreover, tie layer resins were initially launched for flexible packaging applications but are now being used in a variety of applications including rigid packaging, compounding, pipe coating, and medical devices.
Furthermore, these are considered to be more sustainable than identical polymers produced from non-renewable petroleum precursors as these are derived from renewable feedstocks. This type of packaging is extensively lighter than traditional metal and glass, reducing fuel consumption during shipping from producer to grocery stores. It also offers excellent shelf-life without the need for refrigeration, helping reduce energy consumption further.
As a result, market for tie layer resins has immense opportunities in the coming years. Applications such as wood-plastic composites are witnessing enormous growth offering Tie Layers an opportunity to further expand in this market.
TIE LAYER MARKET SEGMENTATION:
- Reactive Resins
- Non-reactive Resins
- Blow molding
- Extrusion lamination,
- Thermal lamination
- North America
- Latin America
- Middle East & Africa
North America along with Europe has been the largest consumers of tie layer resins. These regions continue to witness robust growth, while the rise in multilayer packaging in regions such as China and Rest of Asia will be the growth driver for the overall demand of tie layer resins owing to the requirements for advanced and sustainable technologies for high performance materials for packaging and rising demand for packaging for food & beverages sectors
With overall development of tie layer resins across the globe, end-use applications will continue to create massive opportunities for the market over the coming years.
FEW KEY PLAYERS IN TIE LAYER MARKET:
- Mitsui Chemicals America
- Westlake Chemical Corporation
- Arkema S.A
- SK Global Chemical
- Other Players
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global tie layer market by the following segments:
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Tie Layer Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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