Market Report: Polymethylsilsesquioxane Market, Ascorbyl Tetraisopalmitate Market, Food Packaging Barrier Film Market forecasted from 2023-2030
SEATTLE, WASHINGTON, USA, June 30, 2023/EINPresswire.com/ — The Polymethylsilsesquioxane Market is expected to grow from USD 114.00 Million in 2022 to USD 146.00 Million by 2030, at a CAGR of 3.60% during the forecast period.The global market research report for Polymethylsilsesquioxane reveals a significant growth trajectory due to its widespread use in diverse industries such as personal care, pharmaceuticals, and coatings.
Polymethylsilsesquioxane is a cosmetic ingredient commonly used in facial care, body care, and hair care products for its ability to provide a silky smooth texture to the skin and hair. In facial care products, it is often used as a mattifying agent, helping to reduce shine and create a smoother appearance. In body care, it can provide a similar effect while also improving the overall feel and texture of the skin. In hair care, it can be used to reduce static and frizz, as well as adding shine and conditioning properties.
The global Polymethylsilsesquioxane Market is highly competitive, with numerous companies operating in the market. Some of the key players in the market are Wacker, EastHill, Grant Industries, ABC Nanotech, Shin-Etsu, The Innovation Company, Momentive Performance Materials, Guangzhou Batai Chemical, Jiangxi XinJiaYi New Materials, Kobo Products, and Elkem Silicones.
In terms of revenue:
• Wacker generated sales revenue of USD 7.37 billion in 2020.
• EastHill’s sales revenue was USD 345 million in 2020.
• Grant Industries generated sales revenue of USD 173 million in 2020
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The global ascorbyl tetraisopalmitate market size was valued at USD 100.2 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.45% from 2023 to 2030. Ascorbyl Tetraisopalmitate is an oil-soluble derivative of vitamin C, commonly used as a skincare ingredient due to its skin brightening and anti-aging properties.
The market demand for Ascorbyl Tetraisopalmitate has grown significantly in recent years due to its potential benefits in skin brightening, anti-aging, and pigmentation. The Ascorbyl Tetraisopalmitate market offers two types of purity, i.e., 95% and 98%. The main difference between both types is the level of impurities present in it. The 98% purity variant has fewer impurities and provides better results than the 95% purity, making it more expensive.
Ascorbyl Tetraisopalmitate, a derivative of vitamin C, finds its application in various skincare products, including whitening and freckle products, anti-aging products, and others. It has a potent antioxidant effect and helps in the reduction of oxidative stress, which causes skin aging, freckles, and age spots. Ascorbyl Tetraisopalmitate is often used in whitening and freckle products for its ability to inhibit melanin formation, resulting in a lighter and more even skin tone.
The key players in this market include Nikko Chemicals, Barnet Products, Sytheon, Shanghai Tiankan, Shanghai GREAF Biotech, Giga Fine Chemical, Hangzhou REB Technology, SOHO ANECO Chemicals, Zhuhai Beri Pharmaceutical, and Nanxiong Improve Medical.
Some of the sales revenue figures of these companies are as follows:
– Nikko Chemicals: $128 million in 2020
– Barnet Products: $30 million in 2020
– Sytheon: $22 million in 2020
– Shanghai Tiankan: $16 million in 2020
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The global food packaging barrier film market is expected to reach USD 27.2 billion by 2026, growing at a CAGR of 4.70% during the forecast period (2023-2030). The market is driven by factors such as increasing demand for packaged food products, rising awareness about food safety, and growing use of barrier films for extended shelf life of food products.
There are various types of food packaging barrier films available in the market, including metalized barrier films, transparent barrier films, and white barrier films. Metalized barrier films are coated with a thin layer of metal, providing excellent oxygen and moisture barrier properties for food products. They are often used for packaging snacks, pet food, and coffee products. Transparent barrier films, as the name suggests, are transparent and provide excellent visibility of the packaged food products.
Food Packaging Barrier Film is an essential component in the packaging industry as it helps to preserve and protect a wide range of food products. In terms of application, barrier films are widely used in the packaging of biscuits, chips, and snacks, frozen foods, bakery goods, dehydrated foods, and beverages. These films act as a barrier against moisture, oxygen, light, and odors, thereby extending the shelf life of the packaged food products.
According to a recent report, the Food Packaging Barrier Film market share percent valuation in North America is expected to be around 36% by 2025. Europe is expected to hold a market share of around 32%.Asia Pacific is expected to witness the highest growth rate, with the food packaging barrier film market share expected to increase to around 27% by 2025.
Other regions such as Latin America and the Middle East and Africa are expected to hold a smaller market share in the Food Packaging Barrier Film market.
Companies such as Toppan Printing, DuPont Teijin Films, Schur Flexibles Group, Dai Nippon Printing, Toyobo, KOROZO, Toray Advanced Film, Amcor, Mondi, Mitsubishi PLASTICS, Winpak, Klöckner Pentaplast, Cosmo Films, Supravis Group S.A., Clondalkin Group, Uflex Ltd., Sealed Air, Atlantis Pak, Berry Plastics, Innovia Films, VF Verpackungen GmbH, Accredo Packaging, and Lietpak are currently operating in the market.
Sales revenue of some key players:
• Amcor reported sales revenues of $9.5 billion in the financial year 2020.
• Similarly, Sealed Air reported net sales of $4.8 billion in the same year.
• Other companies such as Klöckner Pentaplast and Mondi have also reported strong revenue growth in recent years.
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