Ionomer Resins Market Segmentation:
Application Segment Analysis
The ionomer resins market is segmented and analyzed for demand and supply by application into food packaging, cosmetic packaging, medical device packaging, and others. Out of these, the cosmetic packaging segment is estimated to hold the largest market share by the end of 2035. The market is expected to be benefited from new packaging designs and rising demand for cosmetics, supported by the increasing cosmetic production across the globe. It was noticed that the cosmetics market in India is expanding twice as quickly as those in the United States and Europe. The growth rate, which was estimated at around 9 percent before the pandemic, is estimated to increase by +3 percent starting in 2022.
Resin Type Segment Analysis
The global ionomer resins market is segmented and analyzed for demand and supply by resins type into Ethyl Acrylic Acid, Polyvinyl Acetal, Perfluorinated Sulfonic Acid, and others. The Ethyl Acrylic Acid segment held the greatest market share in 2019 and is predicted to expand rapidly over the next few years. Since EAA resins are more resistant to oil and grease, the food and beverage industry has adopted them more frequently. Nowadays people are referring more to ready-to-eat, instant food, and packaged foods which have given rise to this segment. Additionally, it serves as an agent for iron and steel, aluminum and metalized films, and other materials, helping the sector to account for a sizeable portion of market revenue.
Our in-depth analysis of the global market includes the following segments:
|
By Resins Type |
|
|
By Application |
|
