Product Code: 5327
The tie layer resin market size is poised to register commendable growth over the forecast period. This growth is credited to the growing adoption of TLRs in the marine and automotive sectors.
Major companies are becoming actively involved in strategic business activities to reinforce their position and fuel growth of the tie layer resin market. Citing an instance, Foster Corporation signed an exclusive sales agreement with SKFP (SK Functional Polymer), a subsidiary of SK Global Chemical. This deal enabled Foster to exclusively serve the medical device market in North America through Orevac*18300M, a PE-based tie layer polymer, augmenting the market growth.
Despite being effectively used for various forms of packagingmulti-layered plastic packaging has a low recycling rate, which may impede market demand. Multi-layered packaging consists of two different layers, which complicates the process of recycling.
Moreover, separating the two layers is costly which could restrain product adoption. A surge in plastic waste has further hampered industry growth. For example, over 40% of plastic waste is produced from food packaging which contains muti-layered packaging.
The tie layer resin market is divided in terms of base resin, application, resin type, and region.
Considering the base resin, the PP tie-layer resin market is estimated to be valued at USD 2.5 billion by 2030. This is credited mainly to the robust characteristics of polypropylene such as stiffness, hardness, and strength in comparison to other polymers.
PP-based tie layer resin has a broad application scope, including rigid packaging, owing to robustness, high-quality finish, and cost-effectiveness, which may contribute to segmental growth.
Furthermore, the others segment is set to be valued at more than USD 250 million by 2030. SEBS, or, styrene-ethylene-butylene-styrene polymers are flexible, have better surface characteristics, and contain heat and UV resistance which enables them to be used in many applications. SEBS is being increasingly used for protecting the product from external factors, propelling industry growth.
In terms of resin type, the non-reactive resins segment accounted for a 37% market share in 2021. EVA, or ethyl vinyl acetate, is a thermoplastic that is tough, elastic, and possesses excellent gloss and clarity.
Furthermore, robust characteristics of EVA, such as affordability, good puncture resistance, and flex-crack as well as good hot-tack and heat-sealing are anticipated to augment market growth over the coming years.
With respect to application, the others segment is poised to be valued at over USD 760 million by 2030. Tie layer resins are used in the automotive industry in gas tanks and door panels. Metal cladding makes more resistant, durable, and lighter roofing in comparison to conventional roofing, which may stimulate segmental development.
From a regional standpoint, the Middle East & Africa TLR market will register a valuation of over USD 950 million by 2030. This can be credited to growing industrialization and rapid urbanization.
The tie layer resin is used for applications such as heating and sanitary pipes, cable sheath, and aluminum panels for building exteriors. Additionally, the rising usage of TLRs in packaging and agriculture applications will drive regional market demand.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Scope & definitions
- 1.2 Methodology & forecast parameters
- 1.3 Region-wise COVID-19 impact analysis
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
- 1.4 Regional trends
- 1.5 Data Sources
- 1.5.1 Secondary
- 1.5.2 Primary
Chapter 2 Executive Summary
- 2.1 Tie layer resin market industry 360 degree synopsis, 2018 - 2030
- 2.2 Business trends
- 2.3 Base resin trends
- 2.4 Product type trends
- 2.5 Application trends
- 2.6 Regional trends
Chapter 3 Tie Layer Resin Market Industry Insights
- 3.1 Introduction
- 3.2 Industry landscape
- 3.2.1 Impact of COVID-19 outbreak
- 3.3 Industry ecosystem analysis
- 3.3.1 Raw material suppliers
- 3.3.2 Manufacturers
- 3.3.3 Distributors
- 3.3.4 End-users
- 3.3.5 Profit margin
- 3.3.6 Distribution channel analysis
- 3.3.7 Value chain disruption analysis (COVID-19 impact)
- 3.3.8 Vendor matrix
- 3.3.8.1 List of key raw material suppliers
- 3.3.8.2 List of key manufacturers/suppliers
- 3.3.8.3 List of key/potential customers
- 3.4 Regulatory landscape
- 3.4.1 U.S.
- 3.4.2 Europe
- 3.4.3 China
- 3.5 Industry impact forces
- 3.5.1 Growth drivers
- 3.5.1.1 Increasing demand for tie resin for multi-layered packaging
- 3.5.1.2 Growing consumption of multilayer composite pipes
- 3.5.1.3 Increasing use of tie resin in the marine and automobile segment
- 3.5.1.4 Introduction of bio-based tie layer resin
- 3.5.2 Industry pitfalls & challenges
- 3.5.2.1 Poor recycling ability of multi-layered plastics
- 3.6 Growth potential analysis, 2021
- 3.7 Pricing analysis
- 3.7.1 Pricing analysis, by region
- 3.7.2 Pricing analysis, by base resin
- 3.7.3 Cost structure analysis
- 3.7.3.1 R&D cost
- 3.7.3.2 Manufacturing & equipment cost
- 3.7.3.3 Raw material cost
- 3.7.3.4 Distribution cost
- 3.7.3.5 Operating cost
- 3.7.3.6 Miscellaneous cost
- 3.7.4 COVID-19 impact on pricing
- 3.8 Innovation & sustainability
- 3.8.1 Patent analysis
- 3.8.2 Technology landscape
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
- 3.10 PESTEL analysis
- 3.11 COVID-19 impact on demand of tie layer resin
Chapter 4 Competitive Landscape, 2021
- 4.1 Introduction
- 4.2 Market share analysis, 2021
- 4.3 Strategy dashboard
- 4.4 Vendor adoption matrix
Chapter 5 Tie Layer Resin Market, By Base Resin
- 5.1 Tie Layer Resin Market share, by base resin, 2021 & 2030
- 5.2 LLDPE
- 5.2.1 Market estimates and forecast, 2018 - 2030
- 5.2.2 Market estimates and forecast, by region, 2018 - 2030
- 5.3 LDPE
- 5.3.1 Market estimates and forecast, 2018 - 2030
- 5.3.2 Market estimates and forecast, by region, 2018 - 2030
- 5.4 HDPE
- 5.4.1 Market estimates and forecast, 2018 - 2030
- 5.4.2 Market estimates and forecast, by region, 2018 - 2030
- 5.5 EVA
- 5.5.1 Market estimates and forecast, 2018 - 2030
- 5.5.2 Market estimates and forecast, by region, 2018 - 2030
- 5.6 PP
- 5.6.1 Market estimates and forecast, 2018 - 2030
- 5.6.2 Market estimates and forecast, by region, 2018 - 2030
- 5.7 Others
- 5.7.1 Market estimates and forecast, 2018 - 2030
- 5.7.2 Market estimates and forecast, by region, 2018 - 2030
Chapter 6 Tie Layer Resin Market, By Product Type
- 6.1 Tie Layer Resin Market share, by product type, 2021 & 2030
- 6.2 Reactive
- 6.2.1 Market estimates and forecast, 2018 - 2030
- 6.2.2 Market estimates and forecast, by region, 2018 -2030
- 6.3 Non-reactive
- 6.3.1 Market estimates and forecast, 2018 - 2030
- 6.3.2 Market estimates and forecast, by region, 2018 -2030
Chapter 7 Tie Layer Resin Market, By Applications
- 7.1 Tie Layer Resin Market share, by applications, 2021 & 2030
- 7.2 Flexible packaging
- 7.2.1 Market estimates and forecast, 2018 - 2030
- 7.2.2 Market estimates and forecast, by region, 2018 -2030
- 7.3 Rigid packaging
- 7.3.1 Market estimates and forecast, 2018 - 2030
- 7.3.2 Market estimates and forecast, by region, 2018 -2030
- 7.4 Compounding
- 7.4.1 Market estimates and forecast, 2018 - 2030
- 7.4.2 Market estimates and forecast, by region, 2018 -2030
- 7.5 Others
- 7.5.1 Market estimates and forecast, 2018 - 2030
- 7.5.2 Market estimates and forecast, by region, 2018 -2030
Chapter 8 Tie Layer Resin Market, By Region
- 8.1 Tie Layer Resin Market share, by region, 2021 & 2030
- 8.2 North America
- 8.2.1 Market estimates and forecast, 2018 - 2030
- 8.2.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.2.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.2.4 Market estimates and forecast, by application, 2018 - 2030
- 8.2.5 US
- 8.2.5.1 Market estimates and forecast, 2018 - 2030
- 8.2.5.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.2.5.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.2.5.4 Market estimates and forecast, by application, 2018 - 2030
- 8.2.6 Canada
- 8.2.6.1 Market estimates and forecast, 2018 - 2030
- 8.2.6.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.2.6.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.2.6.4 Market estimates and forecast, by application, 2018 - 2030
- 8.3 Europe
- 8.3.1 Market estimates and forecast, 2018 - 2030
- 8.3.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.3.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.3.4 Market estimates and forecast, by application, 2018 - 2030
- 8.3.5 Germany
- 8.3.5.1 Market estimates and forecast, 2018 - 2030
- 8.3.5.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.3.5.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.3.5.4 Market estimates and forecast, by application, 2018 - 2030
- 8.3.6 UK
- 8.3.6.1 Market estimates and forecast, 2018 - 2030
- 8.3.6.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.3.6.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.3.6.4 Market estimates and forecast, by application, 2018 - 2030
- 8.3.7 France
- 8.3.7.1 Market estimates and forecast, 2018 - 2030
- 8.3.7.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.3.7.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.3.7.4 Market estimates and forecast, by application, 2018 - 2030
- 8.3.8 Italy
- 8.3.8.1 Market estimates and forecast, 2018 - 2030
- 8.3.8.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.3.8.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.3.8.4 Market estimates and forecast, by application, 2018 - 2030
- 8.3.9 Spain
- 8.3.9.1 Market estimates and forecast, 2018 - 2030
- 8.3.9.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.3.9.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.3.9.4 Market estimates and forecast, by application, 2018 - 2030
- 8.3.10 Russia
- 8.3.10.1 Market estimates and forecast, 2018 - 2030
- 8.3.10.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.3.10.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.3.10.4 Market estimates and forecast, by application, 2018 - 2030
- 8.4 Asia Pacific
- 8.4.1 Market estimates and forecast, 2018 - 2030
- 8.4.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.4.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.4.4 Market estimates and forecast, by application, 2018 - 2030
- 8.4.5 China
- 8.4.5.1 Market estimates and forecast, 2018 - 2030
- 8.4.5.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.4.5.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.4.5.4 Market estimates and forecast, by application, 2018 - 2030
- 8.4.6 India
- 8.4.6.1 Market estimates and forecast, 2018 - 2030
- 8.4.6.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.4.6.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.4.6.4 Market estimates and forecast, by application, 2018 - 2030
- 8.4.7 Japan
- 8.4.7.1 Market estimates and forecast, 2018 - 2030
- 8.4.7.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.4.7.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.4.7.4 Market estimates and forecast, by application, 2018 - 2030
- 8.4.8 Australia
- 8.4.8.1 Market estimates and forecast, 2018 - 2030
- 8.4.8.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.4.8.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.4.8.4 Market estimates and forecast, by application, 2018 - 2030
- 8.4.9 Indonesia
- 8.4.9.1 Market estimates and forecast, 2018 - 2030
- 8.4.9.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.4.9.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.4.9.4 Market estimates and forecast, by application, 2018 - 2030
- 8.4.10 Malaysia
- 8.4.10.1 Market estimates and forecast, 2018 - 2030
- 8.4.10.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.4.10.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.4.10.4 Market estimates and forecast, by application, 2018 - 2030
- 8.5 Latin America
- 8.5.1 Market estimates and forecast, 2018 - 2030
- 8.5.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.5.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.5.4 Market estimates and forecast, by application, 2018 - 2030
- 8.5.5 Brazil
- 8.5.5.1 Market estimates and forecast, 2018 - 2030
- 8.5.5.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.5.5.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.5.5.4 Market estimates and forecast, by application, 2018 - 2030
- 8.5.6 Mexico
- 8.5.6.1 Market estimates and forecast, 2018 - 2030
- 8.5.6.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.5.6.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.5.6.4 Market estimates and forecast, by application, 2018 - 2030
- 8.6 MEA
- 8.6.1 Market estimates and forecast, 2018 - 2030
- 8.6.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.6.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.6.4 Market estimates and forecast, by application, 2018 - 2030
- 8.6.5 South Africa
- 8.6.5.1 Market estimates and forecast, 2018 - 2030
- 8.6.5.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.6.5.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.6.5.4 Market estimates and forecast, by application, 2018 - 2030
- 8.6.6 Saudi Arabia
- 8.6.6.1 Market estimates and forecast, 2018 - 2030
- 8.6.6.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.6.6.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.6.6.4 Market estimates and forecast, by application, 2018 - 2030
- 8.6.7 UAE
- 8.6.7.1 Market estimates and forecast, 2018 - 2030
- 8.6.7.2 Market estimates and forecast, by base resin, 2018 - 2030
- 8.6.7.3 Market estimates and forecast, by product type, 2018 - 2030
- 8.6.7.4 Market estimates and forecast, by application, 2018 - 2030
Chapter 9 Company Profiles
- 9.1 LyondellBasell Industries
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Product Landscape
- 9.1.4 Strategic Outlook
- 9.1.5 SWOT Analysis
- 9.2 Mitsui Chemicals
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Product Landscape
- 9.2.4 Strategic Outlook
- 9.2.5 SWOT Analysis
- 9.3 Exxon Mobil
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Product Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
- 9.4 Eastman Chemical
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Product Landscape
- 9.4.4 Strategic Outlook
- 9.4.5 SWOT Analysis
- 9.5 Dupont
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis
- 9.6 Dow
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Product Landscape
- 9.6.4 Strategic Outlook
- 9.6.5 SWOT Analysis
- 9.7 Arkema
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Product Landscape
- 9.7.4 Strategic Outlook
- 9.7.5 SWOT Analysis
- 9.8 Westlake Chemicals
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Product Landscape
- 9.8.4 Strategic Outlook
- 9.8.5 SWOT Analysis
- 9.9 Mitsubishi Chemical
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Product Landscape
- 9.9.4 Strategic Outlook
- 9.9.5 SWOT Analysis
- 9.10 Addivant
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Product Landscape
- 9.10.4 Strategic Outlook
- 9.10.5 SWOT Analysis