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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Tie Layer Resin Market: By Base Resin, By Application, By Resin Type, and Geography
Tie Layer Resin Market: By Base Resin, By Application, By Resin Type, and Geography
Tie Layer Resin Market size was valued at US$ 9.4 billion in 2023 and is poised to grow at a CAGR of 5.2% from 2024-2030. Tie layer resin (TLR) is mainly utilized in multi-layer packaging. It is also utilized as a barrier resin that can rise the shelf life of the product. Multi-layer packaging is progressively used in the food, meat, and pharmaceutical businesses, thus driving product demand. Packaging is an important range of application of tie resins and its demand is controlled to surge over the coming years with the growing consumption of packaged food products across the globe. The growing demand for tie resin for multi-layered packaging can lead to the tie layer resin market growth. Moreover, the usage of bio-based tie layer resin and the rising consumption of multilayer composite pipes are some primary factors that can boost the global tie layer resin market growth. Apart from these, the growing usage of tie resin in the automobile and marine segment can also accelerate the market in the future.
However, some factors such as the inability of multi-layered plastics to recycle can restrain the growth of the market. The growing adoption of bio-based tie layer resin can create an opportunity for the growth of the global tie layer resin market share. The bio-based TLRs are composed using renewable feedstocks in place of non-renewable petroleum predecessors. This packaging is lighter, eco-friendly, renewable, and more maintainable than conventional TLR packaging. For instance, Yparex, a tie-layer resin supplier for numerous applications, has revealed a bio-based adhesive coatings TLR. Innovative and consistent business strategies started by companies will generate enormous growth potential for the tie layer resin market demand.
Study Period
2024-30Base Year
2023CAGR
5.2%Largest Market
North AmericaFastest Growing Market
North America
One of the major reasons for the growth of the global tie layer resin market share is the increasing demand from end-user industries particularly the food and beverage industry. Tie layers resins have brilliant high adhesion and clarity to ethylene-vinyl alcohol copolymer and multilayer packaging for fresh food products. Against the background of growing demand for packaging films for food & beverages industries accompanied by constant fourth industrial transformation, improved acceptance of smart resin mix technologies and rising reliance on PE and EVOH is expected to propel the growth of the market in the forecast period.
North America is dominating the global tie layer resin market growth. In addition, Asia Pacific is one of the most profitable regions and is generating new prospects for global players. The rising acceptance of these resins in the automotive sector has the potential to increase the demand for tie-layer resin in these regions. Apart from this, TLRs are utilized to produce multi-layer fuel tanks that decrease weight and rise the flexibility of vehicles. The growing disposable income of consumers, together with the growing demand for fuel-efficient vehicles has created a demand for the use of tie layer resin.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-30 |
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Market Size in 2023 |
US$ 9.4 billion |
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Market CAGR |
5.2% |
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By Base Resin |
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By Resin Type |
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By Application Type |
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By Region |
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The inability of multi-layered plastics to recycle can restrain the growth of the market.
In July 2022, Arkema acquired Permoseal. With this move, Arkema’s presence in the construction, industrial, and DIY markets in Sub-Saharan Africa and South Africa was intended to be reinforced through its popular brands, such as Alcolin, and a wide range of high-performance adhesive solutions.
Based on base resin, LLDPE holds the highest market share. LLDPE resins have adhesive properties, like adhesiveness, better dimensional stability, and strength.
The growing adoption of bio-based tie layer resin can create an opportunity for the growth of the global tie layer resin market share
| 1. Executive Summary |
| 2. Global Tie Layer Resin Market Introduction |
| 2.1. Global Tie Layer Resin Market – Taxonomy |
| 2.2. Global Tie Layer Resin Market –Definitions |
| 2.2.1. Base Resin |
| 2.2.2. Resin Type |
| 2.2.3. Application |
| 2.2.4. By Region |
| 3. Global Tie Layer Resin Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Tie Layer Resin Market Dynamic Factors - Impact Analysis |
| 3.6. Global Tie Layer Resin Market – Competition Landscape |
| 4. Global Tie Layer Resin Market, By Base Resin, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.1. LLDPE |
| 4.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.1.3. Market Opportunity Analysis |
| 4.2. LDPE |
| 4.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.2.3. Market Opportunity Analysis |
| 4.3. HDPE |
| 4.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.3.3. Market Opportunity Analysis |
| 4.4. EVA |
| 4.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.4.3. Market Opportunity Analysis |
| 4.5. PP |
| 4.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.5.3. Market Opportunity Analysis |
| 4.6. Others |
| 4.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.6.3. Market Opportunity Analysis |
| 5. Global Tie Layer Resin Market, By Resin Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1. Reactive |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Non-Reactive |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Tie Layer Resin Market, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1. Flexible Packaging |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Rigid Packaging |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Compounding |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Tie Layer Resin Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Tie Layer Resin Market - Opportunity Analysis Index, By Base Resin, By Resin Type, By Application, and Region, 2024-2030 |
| 8. North America Tie Layer Resin Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1. Base Resin Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. LLDPE |
| 8.1.2. LDPE |
| 8.1.3. HDPE |
| 8.1.4. EVA |
| 8.1.5. PP |
| 8.1.6. Others |
| 8.2. Resin Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Reactive |
| 8.2.2. Non-Reactive |
| 8.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1. Flexible Packaging |
| 8.3.2. Rigid Packaging |
| 8.3.3. Compounding |
| 8.3.4. Others |
| 8.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.4.1. USA |
| 8.4.2. Canada |
| 8.5. North America Tie Layer Resin Market - Opportunity Analysis Index, By Base Resin, By Resin Type, By Application, and Country, 2024-2030 |
| 8.6. North America Tie Layer Resin Market Dynamics – Trends |
| 9. Europe Tie Layer Resin Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.1. Base Resin Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. LLDPE |
| 9.1.2. LDPE |
| 9.1.3. HDPE |
| 9.1.4. EVA |
| 9.1.5. PP |
| 9.1.6. Others |
| 9.2. Resin Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Reactive |
| 9.2.2. Non-Reactive |
| 9.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Flexible Packaging |
| 9.3.2. Rigid Packaging |
| 9.3.3. Compounding |
| 9.3.4. Others |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. Germany |
| 9.4.2. UK |
| 9.4.3. France |
| 9.4.4. Spain |
| 9.4.5. Italy |
| 9.4.6. Rest of Europe |
| 9.5. Europe Tie Layer Resin Market - Opportunity Analysis Index, By Base Resin, By Resin Type, By Application, and Country, 2024-2030 |
| 9.6. Europe Tie Layer Resin Market Dynamics – Trends |
| 10. Asia-Pacific Tie Layer Resin Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1. Base Resin Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. LLDPE |
| 10.1.2. LDPE |
| 10.1.3. HDPE |
| 10.1.4. EVA |
| 10.1.5. PP |
| 10.1.6. Others |
| 10.2. Resin Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Reactive |
| 10.2.2. Non-Reactive |
| 10.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Flexible Packaging |
| 10.3.2. Rigid Packaging |
| 10.3.3. Compounding |
| 10.3.4. Others |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. China |
| 10.4.2. India |
| 10.4.3. Japan |
| 10.4.4. ASEAN |
| 10.4.5. Australia & New Zealand |
| 10.4.6. Rest of Asia-Pacific |
| 10.5. Asia-Pacific Tie Layer Resin Market - Opportunity Analysis Index, By Base Resin, By Resin Type, By Application, and Country, 2024-2030 |
| 10.6. Asia-Pacific Tie Layer Resin Market Dynamics – Trends |
| 11. Latin America Tie Layer Resin Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 11.1. Base Resin Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. LLDPE |
| 11.1.2. LDPE |
| 11.1.3. HDPE |
| 11.1.4. EVA |
| 11.1.5. PP |
| 11.1.6. Others |
| 11.2. Resin Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Reactive |
| 11.2.2. Non-Reactive |
| 11.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Flexible Packaging |
| 11.3.2. Rigid Packaging |
| 11.3.3. Compounding |
| 11.3.4. Others |
| 11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Brazil |
| 11.4.2. Mexico |
| 11.4.3. Rest of Latin America |
| 11.5. Latin America Tie Layer Resin Market - Opportunity Analysis Index, By Base Resin, By Resin Type, By Application, and Country, 2024-2030 |
| 11.6. Latin America Tie Layer Resin Market Dynamics – Trends |
| 12. Middle East and Africa Tie Layer Resin Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 12.1. Base Resin Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. LLDPE |
| 12.1.2. LDPE |
| 12.1.3. HDPE |
| 12.1.4. EVA |
| 12.1.5. PP |
| 12.1.6. Others |
| 12.2. Resin Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Reactive |
| 12.2.2. Non-Reactive |
| 12.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Flexible Packaging |
| 12.3.2. Rigid Packaging |
| 12.3.3. Compounding |
| 12.3.4. Others |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Gulf Cooperation Council (GCC) Countries |
| 12.4.2. South Africa |
| 12.4.3. Rest of MEA |
| 12.5. MEA Tie Layer Resin Market- Opportunity Analysis Index, By Base Resin, By Resin Type, By Application, and Country, 2024-2030 |
| 12.6. MEA Tie Layer Resin Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Key Base Resins, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Mitsui Chemicals |
| 13.2.2. Exxon Mobil |
| 13.2.3. Eastman Chemical |
| 13.2.4. DuPont |
| 13.2.5. The Dow Chemical Company |
| 13.2.6. Lyondell Basel |
| 13.2.7. Arkema |
| 13.2.8. Westlake Chemicals |
| 13.2.9. Mitsubishi Chemical |
| 13.2.10. Addivant |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.