Tie Layer Resin Market

Tie Layer Resin Market by Base Resins (LLDPE, LDPE, HDPE, PP, EVA), Type (Reactive, Non-Reactive), Application (Flexible, Rigid), End-use Industry (Food & Beverage, Pharmaceutical & Medical, Automotive), and Region - Global Forecast to 2029

Report Code: CH 9056 Jun, 2024, by marketsandmarkets.com

Tie Layer Resin Market

The global polyhydroxyalkanoate market is valued at USD 1.6 billion in 2024 and is projected to reach USD 1.8 billion by 2029, growing at 3.6% cagr from 2024 to 2029. The tie layer resin market is experiencing robust growth driven by increasing demand from various industries, notably food & beverage packaging and automotive sectors. These resins are essential for creating multi-layer packaging with enhanced barrier properties, ensuring product safety, and extending shelf life. In the automotive industry, tie layer resins are critical for manufacturing lightweight, durable components. The Asia Pacific region, with its rapid industrialization, urbanization, and stringent environmental regulations, is a key market player, supported by strong manufacturing capabilities and significant R&D investments. The focus on sustainability and recyclability further propels market expansion.

Attractive Opportunities in the Tie Layer Resin Market

Tie Layer Resin Market

To know about the assumptions considered for the study, Request for Free Sample Report

Tie Layer Resin Market

Tie Layer Resin Market Dynamics

Driver: The tie layer resin market is poised for significant growth, driven by urbanization, evolving lifestyles, extended working hours, and the rise of nuclear families, particularly in the Asia Pacific region. In countries like India, increased consumer awareness is fueling the demand for packaged and healthy foods. Functional foods, which cater to the need for convenience and health, are gaining traction globally. As busier lifestyles challenge traditional dietary practices, functional foods offer nutritional benefits, leading to higher acceptance.

This growth is particularly evident in industrialized nations, where rising life expectancy, the prevalence of non-communicable diseases, and escalating healthcare costs highlight the importance of diet-health links. Tie layer resins play a crucial role in enhancing the shelf life of packaged food and beverages. They are particularly beneficial for functional dairy products, such as yogurt, which serve as therapeutic delivery agents. The use of barrier resins packaging addresses the rising demand for these products by ensuring their longevity and quality.

Restraints: Rising raw material prices serve as a significant restraining factor for the tie layer resin market by substantially increasing production costs. Manufacturers of tie layer resins rely on raw materials such as polyethylene, polypropylene, and various chemicals, whose prices are subject to market volatility due to factors like supply chain disruptions, geopolitical tensions, and fluctuations in oil prices. These cost increases can erode profit margins for manufacturers who often struggle to pass on the higher costs to consumers, making their products less competitive. Consequently, companies might reduce investments in research and development, leading to slower innovation and technological advancements in the market.

Furthermore, the unpredictability of raw material prices creates financial uncertainty for companies, complicating budget planning and long-term strategic decisions. This uncertainty can deter new entrants into the market and may push existing players to seek alternative, cheaper materials, thereby reducing the demand for tie layer resins. Additionally, higher production costs can lead to increased prices for end-products, potentially reducing consumption and demand from key industries such as food and beverage packaging and automotive sectors. Overall, the rising costs and volatility associated with raw materials present a considerable challenge to the sustained growth and competitiveness of the tie layer resin market.

Opportunity: The food and beverage packaging sector presents a significant opportunity for the tie layer resin market due to its need for high-performance, durable, and safe packaging solutions. Tie layer resins are crucial in creating multi-layer packaging with superior barrier properties that protect against moisture, oxygen, and contaminants, thereby ensuring the freshness and safety of food and beverages. This sector is driven by consumer demand for convenience, longer shelf life, and sustainability, all of which are enhanced by the advanced capabilities of tie layer resins.

Additionally, the growth of processed and packaged food consumption, driven by urbanization and changing lifestyles, fuels the demand for innovative packaging solutions. The rise in e-commerce also boosts the need for robust packaging to ensure safe delivery of food and beverages. Furthermore, stringent food safety regulations and increasing awareness about hygiene and quality standards push manufacturers to adopt advanced packaging technologies incorporating tie layer resins. These resins enable the development of recyclable and eco-friendly packaging, aligning with global sustainability goals and enhancing market growth prospects.

Challenges: The recyclability of tie layer resins poses a significant challenge for manufacturers due to the complexity of separating these resins from multi-layer packaging. Tie layer resins are designed to bond different layers of materials together, which often include both polar and non-polar substances. This bonding makes it difficult to isolate and recycle individual components, leading to contamination of the recycling stream and reduced quality of recycled materials. Furthermore, the lack of standardized recycling processes for multi-layer packaging complicates efforts to develop effective recycling solutions, thereby increasing costs and logistical challenges for manufacturers. As environmental regulations and consumer demand for sustainable products intensify, manufacturers face mounting pressure to innovate and create recyclable tie layer resins without compromising their performance.

Tie Layer Resin Market Ecosystem

Tie Layer Resin Market Ecosystem

Based on base resin, the LDPE segment is estimated to account for one of the highest CAGR in tie layer resin market.

LDPE (Low-Density Polyethylene) is often the preferred choice for manufacturers in the tie layer resin market due to its unique properties that provide distinct advantages over HDPE (High-Density Polyethylene). Firstly, LDPE offers greater flexibility and elongation, which is crucial for creating robust and adaptable multi-layer packaging. Its superior clarity and transparency make it ideal for applications where visual appeal is important, such as food packaging.

Moreover, LDPE has excellent processability, allowing for easier and more efficient manufacturing of films and coatings. This ease of processing translates into cost savings and higher production efficiency for manufacturers. LDPE also exhibits good adhesive properties with a wide range of materials, enhancing the overall performance of the tie layer in bonding different layers together.

In contrast, while HDPE offers high strength and rigidity, it lacks the flexibility and clarity that LDPE provides. This makes LDPE a more versatile and attractive option for applications requiring flexibility, transparency, and ease of processing, which are critical factors in the dynamic packaging industry. Additionally, LDPE’s compatibility with various co-extrusion processes further solidifies its position as the preferred choice for tie layer resins.

Based on technology, the reactive segment is estimated to account for the highest CAGR in tie layer resin market.

Reactive tie layer resins are preferred over non-reactive types in the tie layer resin market due to their superior adhesion properties and versatility. Reactive tie layer resins contain functional groups, such as maleic anhydride, that chemically bond with various substrates, ensuring stronger and more durable adhesion between different material layers. This chemical bonding enhances the performance of multi-layer structures, making them more resilient to delamination and providing better barrier properties.

Furthermore, reactive resins offer improved compatibility with a wider range of polymers, including those used in high-performance packaging applications like food and beverage, automotive, and medical industries. Their ability to form stable, robust bonds at lower processing temperatures also translates into energy savings and increased efficiency during manufacturing. This versatility and reliability make reactive tie layer resins a preferred choice for manufacturers aiming to produce high-quality, multi-layer packaging solutions.

The Asia Pacific market is projected to contribute to the largest shares of the tie layer resin market.

The healthcare sector in Asia Pacific is expanding rapidly, with increasing investments in medical infrastructure and rising demand for medical devices and pharmaceutical packaging. Tie layer resins are critical in creating high-performance packaging solutions that ensure the sterility and safety of medical products. They are used in the production of multi-layer films for packaging sterile medical devices, pharmaceutical blister packs, and other healthcare-related packaging applications. The demand for reliable and safe packaging solutions in the healthcare industry is driving the growth of the tie layer resin market in this sector.

Tie Layer Resin Market by Region

To know about the assumptions considered for the study, download the pdf brochure

Tie Layer Resin Market Players

LyondellBasell Industries Holdings B.V. (UK), Westlake Corporation (US), Mitsui Chemicals, Inc. (Japan), Mitsubishi Corporation (Japan), Exxon Mobil Corporation (US), Dow (US), Polyram Group (Israel), Zeus Company LLC (US), The Compound Company (Netherlands), and Allnex GmBH (Germany) are the key players operating in the global market.

Tie Layer Resin Market Report Scope

Report Metric

Details

Market size available for years

2021-2029

Base year considered

2023

Forecast Period

2024-2029

Forecast Units

Value (USD Million/Billion)

Segments Covered

By Base Resins, By type, By Application, By End-Use Industry, and By Region

Geographies Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Companies covered

LyondellBasell Industries Holdings B.V. (UK), Westlake Corporation (US), Mitsui Chemicals, Inc. (Japan), Mitsubishi Corporation (Japan), Exxon Mobil Corporation (US), Dow (US), Polyram Group (Israel), Zeus Company LLC (US), The Compound Company (Netherlands), and Allnex GmBH (Germany)
A total of 15+ players are covered.

Based on base resin, the tie layer resin market has been segmented as follows:
  • Linear Low-Density Polyethylene (LLDPE)
  • High-Density Polyethylene (HDPE)
  • Low-density polyethylene (LDPE)
  • Polypropylene (PP)
  • EVA (Ethylene Vinyl Acetate)
  • Other Base Resins (SEBS, PET)
Based on type, the tie layer resin market has been segmented as follows:
  • Reactive
  • Non-Reactive
Based on application, the tie layer resin market has been segmented as follows:
  • Flexible
  • Rigid
  • Other Application
Based on end-use industry, the tie layer resin market has been segmented as follows:
  • Food & Beverage
  • Pharmaceutical & Medical
  • Personal Care & Cosmetics
  • Automotive
  • Other End-use Industries
Based on the region, the tie layer resin market has been segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Recent Developments

  • LyondellBasell and MSI Technology, LLC have announced a new agreement, with MSI Technology set to represent LyondellBasell's Polybutene-1 (PB-1) resin line in North America's consumer packaging sector. MSI Technology is already the sales representative for LyondellBasell's Plexar product line. This expanded partnership aligns strategically with the markets MSI Technology currently serves. Leveraging their technical sales expertise and specialized product portfolio, MSI Technology aims to enhance its offerings for consumer packaging customers.
  • On January 29, 2024, Kraton Corporation, a global leader in sustainable specialty polymers and high-value biobased products derived from pine wood pulping by-products, announced the completion of a $35 million upgrade to its crude tall oil (CTO) biorefinery towers at its Panama City, Florida, manufacturing facility. The new infrastructure, completed in November, meets the highest safety and quality standards, ensuring continued exceptional service to its customers.
  • Netherlands-based Yparex, a supplier of extrudable tie-layer resins for various high-tech applications, has announced its milestone achievement as the first in the packaging industry to develop and commercialize a bio-based adhesive tie layer for multilayer packaging films.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENT
 
1 INTRODUCTION 
    1.1 OBJECTIVES OF STUDY 
    1.2 MARKET DEFINITION 
           1.2.1 MARKET INCLUSIONS AND EXCLUSIONS
           1.2.2 DEFINITION AND INCLUSIONS, BY BASE RESINS
           1.2.3 DEFINITION AND INCLUSIONS, BY TYPE
           1.2.4 DEFINITION AND INCLUSIONS, BY APPLICATION
           1.2.5 DEFINITION AND INCLUSIONS, BY END-USE INDUSTRY
    1.3 MARKET SEGMENTATION 
           1.3.1 REGIONS COVERED 
           1.3.2 YEARS CONSIDERED FOR STUDY
    1.4 CURRENCY CONSIDERED  
    1.5 UNIT CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY 
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
    2.3 MARKET GROWTH FORECAST APPROACH  
    2.4 FACTOR ANALYSIS 
    2.5 DATA TRIANGULATION 
    2.6 ASSUMPTIONS 
    2.7 LIMITATIONS 
    2.8 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST  
    2.9 RISK ASSESSMENT ANALYSIS 
    2.1 IMPACT OF RECESSION 
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
 
5 MARKET OVERVIEW 
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    5.3 PORTER’S FIVE FORCES ANALYSIS 
           5.3.1 THREAT OF NEW ENTRANTS 
           5.3.2 THREAT OF SUBSTITUTES 
           5.3.3 BARGAINING POWER OF BUYERS 
           5.3.4 BARGAINING POWER OF SUPPLIERS 
           5.3.5 DEGREE OF COMPETITIVE RIVALRY
    5.4 MACROECONOMIC INDICATORS 
           5.4.1 INTRODUCTION
           5.4.2 GDP TRENDS AND FORECAST
    5.5 VALUE/SUPPLY CHAIN ANALYSIS 
    5.6 PRICING ANALYSIS 
           5.6.1 AVERAGE SELLING PRICE TREND, BY REGION
           5.6.2 AVERAGE SELLING PRICE TREND, BY BASE RESINS
           5.6.3 AVERAGE SELLING PRICE TREND, BY TYPE
           5.6.4 AVERAGE SELLING PRICE TREND, BY APPLICATION
           5.6.5 AVERAGE SELLING PRICE TREND, BY END-USE INDUSTRY
           5.6.6 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
    5.7 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
           5.7.2 BUYING CRITERIA
    5.8 TRADE ANALYSIS 
           5.8.1 EXPORT SCENARIO 
           5.8.2 IMPORT SCENARIO 
    5.9 REGULATORY LANDSCAPE 
           5.9.1 REGULATIONS IMPACTING TIE LAYER RESIN BUSINESS
           5.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.10 ECOSYSTEM 
    5.11 INVESTMENT AND FUNDING SCENARIO 
    5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 
    5.13 PATENT ANALYSIS 
           5.13.1 METHODOLOGY
           5.13.2 PUBLICATION TRENDS
           5.13.3 JURIDICTION ANALYSIS
           5.13.4 TOP APPLICANTS
           5.13.5 TOP PATENT OWNERS
    5.14 TECHNOLOGY ANALYSIS 
           5.14.1 KEY TECHNOLOGY IES
                    5.14.1.1 Linear Low-Density Polyethylene (LLDPE)
                    5.14.1.2 High-Density Polyethylene (HDPE)
                    5.14.1.3 Low-density polyethylene (LDPE)
                    5.14.1.4 Polypropylene (PP)
           5.14.2 COMPLEMENTARY TECHNOLOGIES
                    5.14.2.1  Polyamide
                    5.14.2.2 EVOH
           5.14.3 ADJACENT TECHNOLOGIES
                    5.14.3.1 Bio-Based Tie Layer
                    5.14.3.2 Air Capsule
    5.15 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 
           5.15.1 GLOBAL IMPACT OF SLOWDOWN 
                    5.15.1.1 North America
                    5.15.1.2 Europe
                    5.15.1.3 Asia Pacific
                    5.15.1.4 Rest of the World
    5.16 CASE STUDY ANALYSIS 
    5.17 KEY CONFERENCES & EVENTS IN 2024-2025 
 
6 TIE LAYER RESINS MARKET, BY BASE RESINS#  
    6.1 INTRODUCTION 
    6.2 LINEAR LOW-DENSITY POLYETHYLENE (LLDPE) 
    6.3 HIGH-DENSITY POLYETHYLENE (HDPE) 
    6.4 LOW-DENSITY POLYETHYLENE (LDPE) 
    6.5 POLYPROPYLENE (PP) 
    6.6 EVA (ETHYLENE VINYL ACETATE) 
    6.7 OTHER BASE RESINS (SEBS, PET) 
 
7 TIE LAYER RESINS MARKET, BY TYPE#  
    7.1 INTRODUCTION 
    7.2 REACTIVE 
    7.3 NON-REACTIVE 
 
8 TIE LAYER RESINS MARKET, BY APPLICATION#  
    8.1 INTRODUCTION 
    8.2 FLEXIBLE 
    8.3 RIGID 
    8.4 OTHER APPLICATIONS 
 
9 TIE LAYER RESINS MARKET, BY END-USE INDUSTRY#  
    9.1 INTRODUCTION 
    9.2 FOOD & BEVERAGE 
    9.3 PHARMACEUTICAL & MEDICAL 
    9.4 PERSONAL CARE & COSMETICS 
    9.5 AUTOMOTIVE 
    9.6 OTHER END-USE INDUSTRIES 
 
10 TIE LAYER RESINS MARKET, BY REGION#  
     10.1 INTRODUCTION 
     10.2 EUROPE 
             10.2.1 IMPACT OF RECESSION IN EUROPE
             10.2.2 GERMANY
             10.2.3 UK
             10.2.4 FRANCE
             10.2.5 ITALY
             10.2.6 SPAIN
             10.2.7 REST OF EUROPE
     10.3 ASIA PACIFIC 
             10.3.1 IMPACT OF RECESSION IN ASIA PACIFIC
             10.3.2 CHINA 
             10.3.3 INDIA
             10.3.4 JAPAN
             10.3.5 SOUTH KOREA 
             10.3.6 AUSTRALIA
             10.3.7 REST OF ASIA PACIFIC
     10.4 NORTH AMERICA 
             10.4.1 IMPACT OF RECESSION IN NORTH AMERICA
             10.4.2 US
             10.4.3 CANADA
             10.4.4 MEXICO
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 IMPACT OF RECESSION IN MIDDLE EAST & AFRICA
             10.5.2 GCC COUNTRIES
                        10.5.2.1 UAE
                        10.5.2.2 Saudi Arabia
                        10.5.2.3 Rest of GCC
             10.5.3 SOUTH AFRICA
             10.5.4 REST OF THE MIDDLE EAST & AFRICA
     10.6 SOUTH AMERICA 
             10.6.1 IMPACT OF RECESSION IN SOUTH AMERICA
             10.6.2 BRAZIL
             10.6.3 ARGENTINA
             10.6.4 COLOMBIA
             10.6.5 REST OF THE SOUTH AMERICA
 
11 COMPETITIVE LANDSCAPE 
     11.1 KEY PLAYER STRATEGIES/RIGHT TO WIN (2020 – 2024) 
             11.1.1 OVERVIEWS OF STRATEGIES ADOPTED BY KEY PLAYERS
     11.2 MARKET SHARE ANALYSIS (2023) 
             11.2.1 MARKET RANKING ANALYSIS  
     11.3 TOP 5 KEY PLAYERS REVENUE ANALYSIS 
     11.4 COMPANY VALUATION AND FINANCIAL METRICS, 2023 
     11.5 BRAND/ PRODUCT COMPARISON 
     11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
             11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                        11.6.5.1 COMPANY FOOTPRINT
                        11.6.5.2 REGION FOOTPRINT
                        11.6.5.3 BASE RESINS FOOTPRINT
                        11.6.5.4 TYPE FOOTPRINT
                        11.6.5.5 APPLICATION FOOTPRINT
                        11.6.5.6 END-USE INDUSTRY FOOTPRINT
     11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES 
             11.7.4 STARTING BLOCKS
             11.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                        11.7.5.1 DETAILED LIST OF KEY STARTUPS/SMES
                        11.7.5.2 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.8 COMPETITIVE SCENARIO 
             11.8.1 TIE LAYER RESIN: DEALS, (2020 – 2024)
             11.8.2 TIE LAYER RESIN: PRODUCT LAUNCHES, (2020 – 2024)
             11.8.3 TIE LAYER RESIN: INVESTMENTS & EXPANSIONS, (2020 – 2024)
             11.8.4 TIE LAYER RESIN: OTHER DEVELOPMENTS , (2020 – 2024)
 
12 COMPANY PROFILES  
     12.1 KEY PLAYER (TENTATIVE LIST*) 
             12.1.1 LYONDELLBASELL
             12.1.2 MITSUI CHEMICALS
             12.1.3 EXXON MOBIL
             12.1.4 EASTMAN
             12.1.5 DUPONT
             12.1.6 DOW CHEMICAL COMPANY
             12.1.7 ARKEMA
             12.1.8 WESTLAKE CHEMICALS
             12.1.9 MITSUBISHI CHEMICAL
             12.1.10 ADDIVANT
     12.2 OTHER PLAYERS 
 
13 ADJACENT MARKETS 
 
14 APPENDIX 
 
#Content may get updated or modified subject to availability of information. Client can recommend segments or changes according to their requirements.
(*This is a tentative list. Key players (leading and emerging) will be provided, and public companies will be profiled in detail). Client can share their choice of companies to be profiled.
Note: Contents in the TOC may get updated or modified during the course of research study or as per the accessibility of available  
 

The study involved four major activities in estimating the current size of the tie layer resin market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering tie layer resin information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the tie layer resin market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the tie layer resin market scenario through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across major countries of North America, Europe, Asia Pacific, Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interview. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from tie layer resin vendors; raw material suppliers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to base resin, type, application, end-use industry, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using tie layer resin were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of tie layer resin and future outlook of their business which will affect the overall market.

The Breakup of Primary Research:

Tie Layer Resin Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

COMPANY NAME

DESIGNATION

The Compound Company

Director

LyondellBasell Industries Holdings B.V.

Project Manager

Mitsui Chemicals, Inc.

Individual Industry Expert

Dow

Business Development Manager

Market Size Estimation

The research methodology used to estimate the size of the tie layer resin market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurement and modernizations in the end-use industries at a regional level. Such procurements provide information on the demand aspects of tie layer resin.

Global Tie Layer Resin Market Size: Bottom-Up Approach

Tie Layer Resin Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Global Tie Layer Resin Market Size: Top-Down Approach

Tie Layer Resin Market Size, and Share

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

According to the PET Resin Association, “Tie layer resins (TLR) are functionalized polyolefins that are produced by grafting anhydrides or acids to a polyolefin substrate in a post-reactor process. TLR are crucial for bonding dissimilar resins in multi-layer structures. For example, multi-layer packaging structures commonly include a non-polar polyolefin layer and a polar barrier resin layer, such as EVOH. A tie layer allows the polar and non-polar layers to adhere to each other. The most widely used polyolefin base materials for producing tie layer resins are linear low-density polyethylene (LLDPE), low density polyethylene (LDPE), high density polyethylene (HDPE), polypropylene (PP), ethyl vinyl acetate (EVA), and styrene-ethylene-butylene-styrene (SEBS).

Key Stakeholders

  • End User
  • Raw Material Suppliers
  • Senior Management
  • Procurement Department

Report Objectives

  • To define, describe, segment, and forecast the size of the tie layer resin market based on base resin, type, application, end-use industry and region.
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, Rest of the World, along with major countries in each region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the tie layer resin market
  • To analyze technological advancements and product launches in the market
  • To strategically analyze micro markets, with respect to their growth trends, prospects, and their contribution to the market
  • To identify financial positions, key products, and key developments of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with market share analysis
  • To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
  • To strategically profile key players in the market and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the tie layer resin market
  • Profiling of additional market players (up to 5)
Product Analysis
  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the tie layer resin Market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization
Report Code
CH 9056
Published ON
Jun, 2024
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Tie Layer Resin Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback