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Tie Layer Resin Market Report

Tie Layer Resin Market, 2030

Report Snapshot

Report Title
Tie Layer Resin Market Size By Base Resin (LLDPE, LDPE, HDPE, EVA, PP), By Product Type
(Reactive, Non-reactive), By Application (Flexible Packaging, Rigid Packaging, Compounding),
Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends,
Competitive Market Share & Forecast, 2022 – 2030
Actual Data Base Year Forecast Period
2018 to 2020 2021 2022 to 2030
Regions Covered

• North America (U.S. and Canada)


• Europe (Germany, UK, France, Italy, Spain, and Russia)
• Asia Pacific (China, India, Japan, Australia, Indonesia, and Malaysia)
• Latin America (Brazil and Mexico)
• MEA (South Africa, Saudi Arabia, and UAE)

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Tie Layer Resin Market, 2030

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Tie Layer Resin Market, 2030

Report Content
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 industry 360º synopsis, 2018 - 2030
2.1.1. Business trends
2.1.2.Base resin trends
2.1.3.Product type trends
2.1.4.Application trends
2.1.5.Regional trends
Chapter 3. Tie Layer Resin 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 trends

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Tie Layer Resin Market, 2030

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/distributors
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

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Tie Layer Resin Market, 2030

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. Company 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

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Tie Layer Resin Market, 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 Application
7.1. Tie layer resin market share, by application, 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

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Tie Layer Resin Market, 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. U.S.
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

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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

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Tie Layer Resin Market, 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

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Tie Layer Resin Market, 2030

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. Middle East & Africa
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 N.V.
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

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Tie Layer Resin Market, 2030

9.2. Mitsui Chemicals Inc.


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 Corporation
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 Company
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 de Nemours, Inc.
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. The Dow Chemical Company
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

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Tie Layer Resin Market, 2030

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 Corporation
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

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Tie Layer Resin Market, 2030

Chapter 1 Methodology & Scope

1.1 Scope & definitions

• Tie layer resin is primarily used in multi-layer packaging. It is also used as a barrier resin that
can increase the product’s shelf life.
• The global tie layer resin market has been segmented on the basis of base resin, product type,
and application.
• Based on base resin, the market is bifurcated into LLDPE, LDPE, HDPE, EVA, PP, and others.
EMA, EAA, AMP, etc. are considered in the others.
• On the basis of product type, the market is segregated into reactive and non-reactive tie layer
resins.
• In terms of application, the market is diverged into flexible packaging, rigid packaging,
compounding, and others. Other applications of the tie layer resin are pipe coating, automotive
plastic fuel tanks, metal cladding, and multilayer pipe applications.
• GDP & inflation has not been accounted for while estimating the market
• Totals have been rounded off

1.2 Methodology and forecast parameters

• The scope of the study includes actual market size for 2018, 2019, 2020 & 2021 and an annual
forecast from 2022 to 2030
• The market has been determined by analyzing the data of the key public and private vendors
that are operating in the market through annual reports and other sources. The products and
geographical presence of the market players are also taken into consideration to calculate the
market segmentations. Besides, we have also taken into consideration the data reported in the
press releases by the companies operating in the Tie layer resin market. Furthermore, the
demand of the market is determined by analyzing the key market trends and dynamics.
• Each solution type was considered as an independent market while estimating the demand
across countries. The following trends indicated the penetration in the global market:

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Tie Layer Resin Market, 2030

TABLE 1 Global tie layer resin market, by application, 2021 (market share)

Application Penetration (2021)

Flexible Packaging 48%

Rigid Packaging 28%

Compounding 17%

Others 7%

• For data triangulation, we have considered the following parameters:


o Competitive landscape: Sales in country and data reported in the press releases by
companies operating in the Tie layer resin market have been analyzed and assessed.
• Market estimates have been validated through extensive discussion-based interviews with key
opinion leaders in the industry in order to validate our findings and gain more insight into the
business landscape. These interviews provided the crucial trends impacting the industry,
which became the basis to understand the penetration, year-on-year growth rates, collecting
root-level information, and validating our estimates.

• The following parameters were taken into consideration while estimating the country-level
market for tie layer resin market:
o Growth drivers, restraints and key trends
o Dynamics in application markets such as packaging, automotive, construction, etc.
o Regulatory and political updates and their impact
o Emerging technology development trends
o Raw material demand & supply dynamics
o Trade statistics

1.3 Region-wise COVID-19 impact:

1.3.1 North Ameri ca

North America Short Term Medium Term Long Term

Forecast Year 2021 - 2022 2023 - 2024 2025 - 2030

Impact Severe Moderate Mild

North America COVID-19 impact parameters are as follows:

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Tie Layer Resin Market, 2030

Short Term:

• Rise in COVID-19 cases


• Increased product prices
• Disruption in raw material supply chain
• Low export forecast
• Low production output

Medium Term:

• Declined COVID-19 cases


• Recovery of regional economy
• Re-establishment of supply chain
• Removal of suspension of work in factories
• Effectiveness of government policies to contain the COVID-19 spread

Long Term:

• Efficient supply chain management


• Smooth functioning of factories
• Removal of international trading restrictions in view of COVID-19

Note: The final RM will contain an updated methodology with COVID-19 impact parameters for all the
regions mentioned in the TOC

1.4 Regional trends

Regional level analysis of the latest technological and industrial trends has also been considered for
the following regions:

o North America
▪ North American tie layer resin market will hold over 16% share in the global
industry by 2030
▪ The availability of leading industry players and the burgeoning demand for
flexible packaging will be responsible for regional market demand

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Tie Layer Resin Market, 2030

Note: The final report will contain a detailed regional trend analysis for all regions, including North
America, Europe, Asia Pacific, Latin America, and Middle East & Arica.

• Forecasting will involve the use of statistical modelling via regression analysis. For each
regional level markets, key industry impact forces will be analyzed and assigned weights in
order of their importance. These weights will be distributed over the forecast period and a
regional growth rate will be derived. Some of the major parameters include:
o Historical market performance
o Economic performance
o Price fluctuation
o Raw material availability
o Market dynamics
o Regulatory framework

• To arrive at the market size and growth rate for the U.S. Tie layer resin market, the following
characteristics and trends have been analyzed:
o Competitive landscape
o Penetration of tie layer resin
o Product innovation
o Consumption of tie layer resin for each application
• An example of country-level forecast parameters is given below:

1.5 Data Sources

1.5.1 Secondary

• OneSource
• ICIS
• Factiva
• Hoover’s Inc
• Tie Layer Resin Sterilization Association (EOSA)
• International Council of Chemical Associations (ICCA)
• American Chemical Society (ACS)
• Indian Chemical Society (ICC)

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Tie Layer Resin Market, 2030

• World Health Organization (WHO)


• The U.S. Environmental Protection Agency (EPA)
• Company Annual Reports

1.5.2 Primary

• xxxxxxxxxx
• xxxxxxxxxx
• xxxxxxxxxx

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Tie Layer Resin Market, 2030

Chapter 2 Executive Summary

2.1 Tie layer resin industry 3600 synopsis, 2018 - 2030

FIG. 1 Tie layer resin industry 3600 synopsis, 2018 - 2030

REGIONAL TREND (REVENUE, 2021)


Europe
XX%
North America
XX% Asia Pacific
XX%

Latin America
XX%

XX%
MEA

Note: This chart is representative in nature

2.1.1 Business trends

• In the coming years, the demand for tie layer resin in the construction & furniture industry is
expected to grow. The increasing demand for tie resin as Gelcoat in molds, swimming pool
composites, and marine composites due to their extreme resistance to blistering will drive the
demand for tie resin over the assessment period.

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Tie Layer Resin Market, 2030

TABLE 2 Global tie layer resin market, 2018 - 2021 (Kilo Tons) (USD Million)

2018 2019 2020 2021

Kilo Tons 2,713.8 2,816.9 2,552.1 xx

USD Million 8,118.9 8,473.5 7,718.8 xx

TABLE 3 Global tie layer resin market, 2022 – 2030 (Kilo Tons) (USD Million)

CAGR
2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Kilo Tons xx xx xx xx xx xx xx xx xx xx%

USD Million xx xx xx xx xx xx xx xx xx xx%

2.1.2 Base resin trends

• The desired level of adhesion, physical characteristics required in the final product, and type of
material to be bonded are the criteria for choosing base resin. LLDPE-based resins are highly
used in the packaging industry owing to their properties such as high adhesive strength, better
consistency, high transparency, and good heat & cool resistance.

TABLE 4 Global tie layer resin market volume, by base resin, 2018 - 2021 (Kilo Tons)

Base resin 2018 2019 2020 2021

LLDPE 1,139.0 1,188.9 1,083.3 xx

LDPE 546.3 568.3 516.1 xx

HDPE 145.4 149.5 134.2 xx

EVA 210.5 215.9 193.3 xx

PP 558.7 577.6 521.2 xx

Others 113.9 116.6 104.1 xx

Total 2,713.8 2,816.9 2,552.1 xx

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Tie Layer Resin Market, 2030

TABLE 5 Global tie layer resin market volume, by base resin, 2022 – 2030 (Kilo Tons)

CAGR
Base resin 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

LLDPE xx xx xx xx xx xx xx xx xx xx%

LDPE xx xx xx xx xx xx xx xx xx xx%

HDPE xx xx xx xx xx xx xx xx xx xx%

EVA xx xx xx xx xx xx xx xx xx xx%

PP xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 6 Global tie layer resin market revenue, by base resin, 2018 - 2021 (USD Million)

Base resin 2018 2019 2020 2021

LLDPE 3,231.2 3,391.5 3,106.8 xx

LDPE 1,715.8 1,794.8 1,638.6 xx

HDPE 421.1 435.4 392.9 xx

EVA 714.8 737.3 663.6 xx

PP 1,843.0 1,915.8 1,738.1 xx

Others 193.0 198.8 178.7 xx

Total 8,118.9 8,473.5 7,718.8 xx

TABLE 7 Global tie layer resin market revenue, by base resin, 2022 – 2030 (USD Million)

CAGR
Base resin 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

LLDPE xx xx xx xx xx xx xx xx xx xx%

LDPE xx xx xx xx xx xx xx xx xx xx%

HDPE xx xx xx xx xx xx xx xx xx xx%

EVA xx xx xx xx xx xx xx xx xx xx%

PP xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

2.1.3 Product type tren ds

TABLE 8 Global tie layer resin market volume, by product type, 2018 - 2021 (Kilo Tons)

Product type 2018 2019 2020 2021

Reactive 1,642.7 1,710.8 1,555.1 xx

Non-reactive 1,071.1 1,106.1 997.0 xx

Total 2,713.8 2,816.9 2,552.1 xx

TABLE 9 Global tie layer resin market volume, by product type, 2022 – 2030 (Kilo Tons)

CAGR
Product type 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Reactive xx xx xx xx xx xx xx xx xx xx%

Non-reactive xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 10 Global tie layer resin market revenue, by product type, 2018 - 2021 (USD Million)

Product type 2018 2019 2020 2021

Reactive 5,064.0 5,288.8 4,821.1 xx

Non-reactive 3,054.9 3,184.7 2,897.7 xx

Total 8,118.9 8,473.5 7,718.8 xx

TABLE 11 Global tie layer resin market revenue, by product type, 2022 – 2030 (USD Million)

CAGR
Product type 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Reactive xx xx xx xx xx xx xx xx xx xx%

Non-reactive xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

2.1.4 Application trends

• More than 40% of the market's demand in 2021 came from the flexible packaging market, which
dominates the tie layer resin market's application base. According to Dow Chemical, the global
plastic packaging market is projected to reach USD 370 billion by 2020, out of which
approximately 40% will be accounted for by the food & beverages segment .

TABLE 12 Global tie layer resin market volume, by application, 2018 - 2021 (Kilo Tons)

Application 2018 2019 2020 2021

Flexible Packaging 1,288.3 1,343.5 1,222.3 xx

Rigid Packaging 701.0 728.1 660.0 xx

Compounding 485.7 500.8 451.0 xx

Others 238.8 244.5 218.8 xx

Total 2,713.8 2,816.9 2,552.1 xx

TABLE 13 Global tie layer resin market volume, by application, 2022 – 2030 (Kilo Tons)

CAGR
Application 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Flexible Packaging xx xx xx xx xx xx xx xx xx xx%

Rigid Packaging xx xx xx xx xx xx xx xx xx xx%

Compounding xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

TABLE 14 Global tie layer resin market revenue, by application, 2018 - 2021 (USD Million)

Application 2018 2019 2020 2021

Flexible Packaging 3,808.7 3,993.7 3,653.1 xx

Rigid Packaging 2,302.3 2,404.3 2,191.2 xx

Compounding 1,409.8 1,461.6 1,323.5 xx

Others 598.0 614.0 551.0 xx

Total 8,118.9 8,473.5 7,718.8 xx

TABLE 15 Global tie layer resin market revenue, by application, 2022 – 2030 (USD Million)

CAGR
Application 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Flexible Packaging xx xx xx xx xx xx xx xx xx xx%

Rigid Packaging xx xx xx xx xx xx xx xx xx xx%

Compounding xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

2.1.5 Regional trends

• The Asia Pacific witnessed the maximum demand for tie layer resin in 2021. The region
accounted for close to half share of the global tie layer resin market. This is attributable to the
growth of food & beverages and medical & pharmaceutical sectors, changing lifestyles, and
shifting of production facilities by major players to the Asia Pacific region due to low labor and
operating costs in the region.

TABLE 16 Global tie layer resin market volume, by region, 2018 - 2021 (Kilo Tons)

Region 2018 2019 2020 2021

North America 460.0 475.2 428.5 xx

Europe 490.1 508.5 460.4 xx

Asia Pacific 1,419.3 1,477.5 1,342.4 xx

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Tie Layer Resin Market, 2030

Latin America 153.1 157.7 141.9 xx

MEA 191.3 198.0 178.9 xx

Total 2,713.8 2,816.9 2,552.1 xx

TABLE 17 Global tie layer resin market volume, by region, 2022 – 2030 (Kilo Tons)

CAGR
Region 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

North America xx xx xx xx xx xx xx xx xx xx%

Europe xx xx xx xx xx xx xx xx xx xx%

Asia Pacific xx xx xx xx xx xx xx xx xx xx%

Latin America xx xx xx xx xx xx xx xx xx xx%

MEA xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 18 Global tie layer resin market revenue, by region, 2018 - 2021 (USD Million)

Region 2018 2019 2020 2021

North America 1,413.6 1,468.5 1,331.5 xx

Europe 1,588.7 1,656.8 1,508.0 xx

Asia Pacific 3,994.8 4,183.4 3,823.5 xx

Latin America 485.3 502.8 454.6 xx

MEA 636.5 662.1 601.1 xx

Total 8,118.9 8,473.5 7,718.8 xx

TABLE 19 Global tie layer resin market revenue, by region, 2022 – 2030 (USD Million)

CAGR
Region 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

North America xx xx xx xx xx xx xx xx xx xx%

Europe xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

Asia Pacific xx xx xx xx xx xx xx xx xx xx%

Latin America xx xx xx xx xx xx xx xx xx xx%

MEA xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

Chapter 3 Tie Layer Resin Industry Insights

3.1 Introduction

FIG. 2 Industry segmentation

LDPE

LLDPE

HDPE

Base Resin
EVA

PP
North America

Others
Europe

Flexible Packaging Asia Pacific


Tie Layer Resin
Market Latin America
Rigid Packaging

Application MEA
Compounding

Others

Reactive

Product Type
Non-reactive

Note: This chart is representative in nature

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Tie Layer Resin Market, 2030

3.2 Industry landscape, 2018 – 2030

FIG. 3 Tie layer resin market, (Volume & Revenue), 2018 – 2030

Note: This chart is representative in nature

The global tie layer resin market is massively influenced by the dynamics of its end -user industries.
Also, the regional & local economic conditions play an important part in shaping the market. For
instance, a free trade agreement and declining duties between the U.S. and twenty countries including
Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala,
Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, Singapore, and South
Korea is encouraging local companies to boost their production .

3.2.1 Impact of COVID -19 o utbreak

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Tie Layer Resin Market, 2030

3.3 Industry ecosystem analysis

FIG. 4 Industry ecosystem analysis

Low-medium Degree of
Backward Integration

Raw Material Product Distributors End-users


Suppliers Manufacturers

Product
Supply Agreement Distribution
Agreement

• LyondellBasell
• Dow
• Mitsui Chemicals • Mathiesen • Flexible
• Bamberger packaging
Polymers • DowDuPont • Osterman’s Latin
American manufacturers
• BASF • Westlake Polymers, LLC
Chemical • Rigid packaging
• Arkema • Foster polymers manufacturers
• Arkema S.A
• LyondellBasell • Ellsworth • Compounding
• Yparex Adhesives companies
• Lubrizol
• SK Global • Mitsui Admer • Others
• Eastman Chemical
• Atul Ltd • Resin Agency Llp
• Ineos

Note: This chart is representative in nature

The industry ecosystem of the tie layer resin market includes various stages of the value chain such as
raw materials suppliers, product manufacturers, distributors, and end users who are highly dependent
on each other for the uninterrupted functioning of the ecosystem. The ecosystem mainly illustrates
relationships among raw material suppliers, product manufacturers, distributors, and end -use sectors
that include profit margins & value addition at each stage of the proces s. The functioning of players in
each stage has been described in the sections below .

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Tie Layer Resin Market, 2030

3.3.1 Raw material suppliers

3.3.2 Manufacturers

3.3.3 Distributors

3.3.4 End-users

3.3.5 Profit ma rgin tren ds

FIG. 5 Profit margin trends

Profit Margin

xx-xx% xx-xx% xx-xx%

Raw material Product


Distributors End-users
suppliers manufacturers

Note: This chart is representative in nature

3.3.6 Distribution channel analysis

3.3.6.1 Value chain disruption analysis (COVID-19 impact)

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Tie Layer Resin Market, 2030

3.3.7 Vendor mat rix

3.3.7.1 List of key raw material suppliers

Company Role Product/Brand Regional Presence

• HDPE
Snetor
Supplier • LDPE Global
• LLDPE

DR Polymers Pvt. Ltd. • HDPE


Supplier Asia Pacific
• EVA

3.3.7.2 List of key manufacturers/suppliers

Company Role Product/Brand Regional Presence

• Lucalen G3710E
LyondellBasell Industries N.V. Manufacturer • Plexar PX1007 Global
• Plexar PX3198

Manufacturer &
Mitsui Chemicals, Inc. • ADMER Global
supplier

3.3.7.3 List of key key/potential customers

Company Industry Address

• Pharmaceutical & medical packaging


• Food & beverage packaging
• Pet food packaging
W158N9332 Nor-X Way Avenue
• Nutritional supplements &
Glenroy, Inc. nutraceuticals packaging Menomonee Falls, WI 53051
• Household products & chemicals
inquiry@glenroy.com
packaging
• Oil & lubricant packaging
• Personal care & cosmetics packaging

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Tie Layer Resin Market, 2030

3.4 Regulatory landscape

3.4.1 U.S.

Regulation Description

• Adhesives may be safely used as components of articles intended for use in


packaging, transporting, or holding food in accordance with the following
prescribed conditions:
(1) The adhesive is prepared from one or more of the optional substances
named in paragraph (c) of this section, subject to any prescribed limitations.
(2) The adhesive is either separated from the food by a functional barrier or
used subject to the following additional limitations:
(i) In dry foods. The quantity of adhesive that contacts packaged dry food shall
Code of Federal Regulations
not exceed the limits of the good manufacturing practice.
Title 21
(ii) In fatty and aqueous foods.
Sec. 175.105 Adhesives.
• (a ) The quantity of adhesive that contacts packaged fatty and aqueous foods
shall not exceed the trace amount at seams and at the edge exposure between
packaging laminates that may occur within the limits of the good
manufacturing practice.
• (b ) Under normal conditions of using the packaging seams or laminates will
remain firmly bonded without visible separation.
• (b) To assure safe usage of adhesives, the label of the finished adhesive
container shall bear the statement "food-packaging adhesive".

3.4.2 Europe

3.4.3 China

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Tie Layer Resin Market, 2030

3.5 Industry impact forces

TABLE 20 Industry impact forces

Growth driver Short term Medium term Long term


Increasing demand of tie resin for multi-layered
Low Moderate Moderate
packaging
Growing consumption of multilayer composite
High High Moderate
pipes
Increasing use of tie resin in the marine and
Moderate Moderate High
automobile segment

Introduction of bio-based tie layer resin

Industry pitfall Short term Medium term Long term


Multi-layered plastic's poor capacity to be recycled
Low Low Moderate
will reduce consumer demand.

3.5.1 Growth drivers

3.5.1.1 Increasing demand for tie layer resin for multi-layered packaging

Tie resins are chemically altered polyolefins that are extensively utilized as extrudable adhesives in
coextrusion or coating processes to bond two materials with dissimilar properties that usually have
poor adhesion to each other. This results in multilayered structures with unique characteristics. In
addition, a range of tie layer resins can be used as per the adhesion requirement and the type of
materials to be bonded together. The most common polyolefin base materials for producing tie layer
resin layers include HDPE, LLDPE, EVA, LDPE, and PP.

Tie resins are primarily used for flexible packaging applications; wherein, meat and cheese packaging
accounts for the major consumption of tie layer resin. In the packaging of such foo d items, tie layer
resins are employed to bind polyolefins with barrier resins such as EVOH or nylon. These multilayered
structures for food packaging applications help in increasing the shelf life of the product. Packaging is
a major application area of tie layer resins, and its demand is certain to increase over the years as the
consumption of such food items increases across the globe.

3.5.2 Industry pit falls and challenges

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Tie Layer Resin Market, 2030

3.6 Growth potential analysis, 2021

FIG. 6
High Growth potential analysis, 2021
Growth potential

Moderate
Low

Flexible Packaging Rigid Packaging Compounding Others

Low Moderate High


Ability to capture

Growth potential denotes the revenue opportunity offered by the segment while the ability to capture denotes the
potential of a new entrant to capture market share, taking into consideration the intensity of the competition.
Bubble size represents the present revenue.

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Tie Layer Resin Market, 2030

3.7 Pricing analysis

3.7.1 Pricing analysis, by region

FIG. 7 Regional price trends (USD/kg)

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

North America Europe Asia Pacific Latin America MEA

Note: This chart is representative in nature

3.7.2 Pricing analysis, by base resin

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Tie Layer Resin Market, 2030

3.7.3 Cost structure analysi s

FIG. 8 Cost structure analysis

R&D Cost Manufacturing and Equipment Cost


Raw Material Cost Distribution Cost
Operating Cost Miscellaneous Cost

Note: This chart is representative in nature

It includes the cost of new product development, intellectual property


R&D Cost
costs, and others
Manufacturing and Equipment Cost It includes property, plant, equipment assembling, and others

Raw Material Cost It includes raw materials, inventory costs, storage costs, and others

Distribution Cost It includes packaging, travel & shipment, warehousing costs, and others
It includes energy costs, labor costs, direct and indirect taxes,
Operating Cost
maintenance costs, and others
Miscellaneous Cost It includes environment costs, small taxes, and others

3.7.4 COVID -19 impact on pricing

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Tie Layer Resin Market, 2030

3.8 Innovation & sustainability

3.8.1 Patent anal ysis

Patent publication Patent publication


Inventor/Assignee Claim/Abstract
date number

Yong ZhengBrian W. The present invention relates to resins


WaltherSantosh S. that can be used as a tie layer in a
BAWISKARCristina Serrat 5- August 2015 WO2017039953A1 multilayer structure and to multilayer

(Dow Global structures comprising one or more tie

Technologies Llc) layers formed from such resins.

3.8.2 Technology landscape

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Tie Layer Resin Market, 2030

3.9 Porter's analysis

FIG. 9 Porter’s analysis

Note: This chart is representative in nature

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Tie Layer Resin Market, 2030

3.10 PESTEL analysis

FIG. 10 PESTEL analysis

Note: This chart is representative in nature

3.11 COVID-19 impact on demand of tie layer resin

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Tie Layer Resin Market, 2030

Chapter 4 Competitive Landscape, 2021

4.1 Introduction

4.2 Company market share, 2021

FIG. 11 Company market share, 2021

Company A Company B Company C Company D Company E Others

Note: This chart is representative in nature

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Tie Layer Resin Market, 2030

TABLE 21 Tie layer resin company market share, 2021 (by revenue)

Company Market share, 2021

Company A XX%

Company B XX%

Company C XX%

Company D XX%

Company E XX%

Company F XX%

Company G XX%

Others XX%

Total 100.00%

Note: This section will include the competitive analysis of all the major and innovative market players
operating in the market

4.3 Strategy dashboard

Company Strategy

• In May 2021, LyondellBasell Industries manufactured virgin polymers from


raw material derived from plastic waste materials. The raw material is
converted into propylene and ethylene by the thermal conversion of plastic
LyondellBasell Industries
waste and then processed into polyethylene and polypropylene in the
company’s production units. This will help to eliminate plastic waste and
address climate change.

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Tie Layer Resin Market, 2030

4.4 Vendor adoption matrix, 2021

FIG. 12 Vendor adoption matrix, 2021

PROMISING LEADERS KEY PLAYERS

Company H

Company I
Company G

Company A

NICHE LEADERS DISRUPTORS

Company B Company F

Company D
Company C

Company E

Note: This chart is representative in nature

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Tie Layer Resin Market, 2030

Chapter 5 Tie Layer Resin Market, By Base Resin

5.1 Tie layer resin market revenue share, by base resin, 2021 & 2030

FIG. 13 Tie layer resin market revenue share, by base resin, 2021 & 2030

2021 2028
2030
XX% XX%
XX%

XX%

XX% XX%
XX% XX%

XX% XX%

North America Europe Asia Pacific North America Europe Asia Pacific

Latin America MEA Latin America MEA

Note: This chart is representative in nature

5.2 LLDPE

Due to its excellent physical & chemical properties, LLDPE (linear low-density polyethylene) tie resin is
becoming more and more popular in a variety of end-use applications in packaging, food, chemical &
pharmaceutical, agriculture, and automobile. LLDPE can be manufactured into extremely thin sheets
without losing none of its chemical characteristics. The LLDPE tie resin's major market segment is
flexible packaging. This resin is commonly utilized in lamination, extrusion molding, and covering films
in addition to flexible packaging.

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Tie Layer Resin Market, 2030

5.2.1 Market est imates and forecast, 2018 - 20 30

TABLE 22 Market estimates and forecast volume & revenue, 2018 - 2021 (Kilo Tons) (USD Million)

2018 2019 2020 2021

Kilo Tons 1,139.0 1,188.9 1,083.3 xx

USD Million 3,231.2 3,391.5 3,106.8 xx

TABLE 23 Market estimates and forecast volume & revenue, 2022 – 2030 (Kilo Tons) (USD Million)

CAGR
2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Kilo Tons xx xx xx xx xx xx xx xx xx xx%

USD Million xx xx xx xx xx xx xx xx xx xx%

5.2.2 Market est imates and forecast by region , 20 18 - 2030

TABLE 24 Market estimates and forecast volume, 2018 - 2021 (Kilo Tons)

Region 2018 2019 2020 2021

North America xx xx xx xx

Europe xx xx xx xx

Asia Pacific xx xx xx xx

Latin America xx xx xx xx

MEA xx xx xx xx

Total xx xx xx xx

TABLE 25 Market estimates and forecast volume, 2022 – 2030 (Kilo Tons)

CAGR
Region 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

North America xx xx xx xx xx xx xx xx xx xx%

Europe xx xx xx xx xx xx xx xx xx xx%

Asia Pacific xx xx xx xx xx xx xx xx xx xx%

Latin America xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

MEA xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 26 Market estimates and forecast revenue, 2018 - 2021 (USD Million)

Region 2018 2019 2020 2021

North America xx xx xx xx

Europe xx xx xx xx

Asia Pacific xx xx xx xx

Latin America xx xx xx xx

MEA xx xx xx xx

Total xx xx xx xx

TABLE 27 Market estimates and forecast revenue, 2022 – 2030 (USD Million)

CAGR
Region 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

North America xx xx xx xx xx xx xx xx xx xx%

Europe xx xx xx xx xx xx xx xx xx xx%

Asia Pacific xx xx xx xx xx xx xx xx xx xx%

Latin America xx xx xx xx xx xx xx xx xx xx%

MEA xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

Note: The final report will include information similar to the above data table(s) for all the segments
listed in the table of contents.

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Tie Layer Resin Market, 2030

Chapter 6 Tie Layer Resin Market, By Product Type

6.1 Tie layer resin market revenue share, by product type, 2021 & 2030

FIG. 14 Tie layer resin market revenue share, by product type, 2021 & 2030

2021 2028
2030
XX% XX%
XX%

XX%

XX% XX%
XX% XX%

XX% XX%

North America Europe Asia Pacific North America Europe Asia Pacific

Latin America MEA Latin America MEA

Note: This chart is representative in nature

6.2 Reactive

6.2.1 Market est imates and forecast, 2018 - 20 30

TABLE 28 Market estimates and forecast volume & revenue, 2018 - 2021 (Kilo Tons) (USD Million)

2018 2019 2020 2021

Kilo Tons 1,642.7 1,710.8 1,555.1 xx

USD Million 5,064.0 5,288.8 4,821.1 xx

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Tie Layer Resin Market, 2030

TABLE 29 Market estimates and forecast volume & revenue, 2022 – 2030 (Kilo Tons) (USD Million)

CAGR
2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Kilo Tons xx xx xx xx xx xx xx xx xx xx%

USD Million xx xx xx xx xx xx xx xx xx xx%

6.2.2 Market est imates and forecast by region, 20 18 - 2030

TABLE 30 Market estimates and forecast volume, 2018 - 2021 (Kilo Tons)

Region 2018 2019 2020 2021

North America xx xx xx xx

Europe xx xx xx xx

Asia Pacific xx xx xx xx

Latin America xx xx xx xx

MEA xx xx xx xx

Total xx xx xx xx

TABLE 31 Market estimates and forecast volume, 2022 – 2030 (Kilo Tons)

CAGR
Region 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

North America xx xx xx xx xx xx xx xx xx xx%

Europe xx xx xx xx xx xx xx xx xx xx%

Asia Pacific xx xx xx xx xx xx xx xx xx xx%

Latin America xx xx xx xx xx xx xx xx xx xx%

MEA xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

TABLE 32 Market estimates and forecast revenue, 2018 - 2021 (USD Million)

Region 2018 2019 2020 2021

North America xx xx xx xx

Europe xx xx xx xx

Asia Pacific xx xx xx xx

Latin America xx xx xx xx

MEA xx xx xx xx

Total xx xx xx xx

TABLE 33 Market estimates and forecast revenue, 2022 – 2030 (USD Million)

CAGR
Region 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

North America xx xx xx xx xx xx xx xx xx xx%

Europe xx xx xx xx xx xx xx xx xx xx%

Asia Pacific xx xx xx xx xx xx xx xx xx xx%

Latin America xx xx xx xx xx xx xx xx xx xx%

MEA xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

Note: The final report will include information similar to the above data table(s) for all the segments
listed in the table of contents.

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Tie Layer Resin Market, 2030

Chapter 7 Tie Layer Resin Market, By Application

7.1 Tie layer resin market revenue share, by application, 2021 & 2030

FIG. 15 Tie layer resin market revenue share, by application, 2021 & 2030

2021 2028
2030
XX% XX%
XX%

XX%

XX% XX%
XX% XX%

XX% XX%

North America Europe Asia Pacific North America Europe Asia Pacific

Latin America MEA Latin America MEA

Note: This chart is representative in nature

7.2 Flexible packaging

The food packaging industry is anticipated to exhibit healthy growth during the forecast period. The
fast-paced lifestyle and changing eating habits are expected to have a major impact on the industry.
The product offers extended and stable shelf-life, high barrier properties, and safety, thereby boosting
the industry's growth.

7.2.1 Market est imates and forecast, 2018 - 20 30

TABLE 34 Market estimates and forecast volume & revenue, 2018 - 2021 (Kilo Tons) (USD Million)

2018 2019 2020 2021

Kilo Tons 1,288.3 1,343.5 1,222.3 xx

USD Million 3,808.7 3,993.7 3,653.1 xx

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Tie Layer Resin Market, 2030

TABLE 35 Market estimates and forecast volume & revenue, 2022 – 2030 (Kilo Tons) (USD Million)

CAGR
2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Kilo Tons xx xx xx xx xx xx xx xx xx xx%

USD Million xx xx xx xx xx xx xx xx xx xx%

7.2.2 Market est imates and forecast by region, 20 18 - 2030

TABLE 36 Market estimates and forecast volume, 2018 - 2021 (Kilo Tons)

Region 2018 2019 2020 2021

North America xx xx xx xx

Europe xx xx xx xx

Asia Pacific xx xx xx xx

Latin America xx xx xx xx

MEA xx xx xx xx

Total xx xx xx xx

TABLE 37 Market estimates and forecast volume, 2022 – 2030 (Kilo Tons)

CAGR
Region 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

North America xx xx xx xx xx xx xx xx xx xx%

Europe xx xx xx xx xx xx xx xx xx xx%

Asia Pacific xx xx xx xx xx xx xx xx xx xx%

Latin America xx xx xx xx xx xx xx xx xx xx%

MEA xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

TABLE 38 Market estimates and forecast revenue, 2018 - 2021 (USD Million)

Region 2018 2019 2020 2021

North America xx xx xx xx

Europe xx xx xx xx

Asia Pacific xx xx xx xx

Latin America xx xx xx xx

MEA xx xx xx xx

Total xx xx xx xx

TABLE 39 Market estimates and forecast revenue, 2022 – 2030 (USD Million)

CAGR
Region 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

North America xx xx xx xx xx xx xx xx xx xx%

Europe xx xx xx xx xx xx xx xx xx xx%

Asia Pacific xx xx xx xx xx xx xx xx xx xx%

Latin America xx xx xx xx xx xx xx xx xx xx%

MEA xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

Note: The final report will include information similar to the above data table(s) for all the segments
listed in the table of contents.

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Tie Layer Resin Market, 2030

Chapter 8 Tie Layer Resin Market, By Region

8.1 Tie layer resin market revenue share, by region, 2021 & 2030

FIG. 16 Tie layer resin market revenue share, by region, 2021 & 2030

2021 2030
2028
XX% XX%
XX%

XX%

XX% XX%
XX% XX%

XX% XX%

North America Europe Asia Pacific North America Europe Asia Pacific

Latin America MEA Latin America MEA

Note: This chart is representative in nature

8.2 North America

The positively growing food packaging industry owing to high per capita income, fast -moving lifestyle,
and high working population in the region are some of the major attributes contributing to the region’s
growth. In addition, increasing agricultural exports from the region will also positively affect product
demand over the forecast period.

8.2.1 North Ameri ca tie lay er resin market estim ates and forecast, 201 8 - 2030

TABLE 40 North America tie layer resin market estimates and forecast, 2018 - 2021 (Kilo Tons) (USD
Million)

2018 2019 2020 2021

Kilo Tons 460.0 475.2 428.5 xx

USD Million 1,413.6 1,468.5 1,331.5 xx

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Tie Layer Resin Market, 2030

TABLE 41 North America tie layer resin market estimates and forecast, 2022 – 2030 (Kilo Tons) (USD
Million)

CAGR
2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Kilo Tons xx xx xx xx xx xx xx xx xx xx%

USD Million xx xx xx xx xx xx xx xx xx xx%

8.2.2 North Ameri ca tie la y er resin market estim ates and forecast, by base resin ,
2018 - 2030

TABLE 42 North America tie layer resin market volume estimates and forecast, by base resin, 2018 -
2021 (Kilo Tons)

Base Resin 2018 2019 2020 2021

LLDPE 185.2 192.6 174.8 xx

LDPE 90.1 93.3 84.4 xx

HDPE 25.7 26.3 23.5 xx

EVA 37.9 38.6 34.4 xx

PP 98.7 101.6 91.3 xx

Others 22.4 22.8 20.2 xx

Total 460.0 475.2 428.5 xx

TABLE 43 North America tie layer resin market volume estimates and forecast, by base resin, 2022 –
2030 (Kilo Tons)

CAGR
Base Resin 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

LLDPE xx xx xx xx xx xx xx xx xx xx%

LDPE xx xx xx xx xx xx xx xx xx xx%

HDPE xx xx xx xx xx xx xx xx xx xx%

EVA xx xx xx xx xx xx xx xx xx xx%

PP xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 44 North America tie layer resin market revenue estimates and forecast, by base resin, 2018 -
2021 (USD Million)

Base Resin 2018 2019 2020 2021

LLDPE 541.2 565.9 516.4 xx

LDPE 291.0 303.2 275.7 xx

HDPE 76.0 78.2 70.3 xx

EVA 131.8 135.0 120.7 xx

PP 334.5 346.1 312.6 xx

Others 39.2 40.1 35.8 xx

Total 1,413.6 1,468.5 1,331.5 xx

TABLE 45 North America tie layer resin market revenue estimates and forecast, by base resin, 2022 –
2030 (USD Million)

CAGR
Base Resin 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

LLDPE xx xx xx xx xx xx xx xx xx xx%

LDPE xx xx xx xx xx xx xx xx xx xx%

HDPE xx xx xx xx xx xx xx xx xx xx%

EVA xx xx xx xx xx xx xx xx xx xx%

PP xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

8.2.3 North America ti e lay er resin market estim ates and forecast, by product type,
2018 - 2030

TABLE 46 North America tie layer resin market volume estimates and forecast, by product type, 2018
- 2021 (Kilo Tons)

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Tie Layer Resin Market, 2030

Product Type 2018 2019 2020 2021

Reactive 275.5 285.6 258.4 xx

Non-Reactive 184.5 189.6 170.1 xx

Total 460.0 475.2 428.5 xx

TABLE 47 North America tie layer resin market volume estimates and forecast, by product type, 2022
– 2030 (Kilo Tons)

CAGR
Product Type 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Reactive xx xx xx xx xx xx xx xx xx xx%

Non-Reactive xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 48 North America tie layer resin market revenue estimates and forecast, by product type,
2018 - 2021 (USD Million)

Product Type 2018 2019 2020 2021

Reactive 879.0 914.4 830.3 xx

Non-Reactive 534.7 554.1 501.2 xx

Total 1,413.6 1,468.5 1,331.5 xx

TABLE 49 North America tie layer resin market revenue estimates and forecast, by product type,
2022 – 2030 (USD Million)

CAGR
Product Type 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Reactive xx xx xx xx xx xx xx xx xx xx%

Non-Reactive xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

8.2.4 North America ti e lay er resin market estim ates and forecast, by application,
2018 - 2030

TABLE 50 North America tie layer resin market volume estimates and forecast, by application, 2018
- 2021 (Kilo Tons)

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Tie Layer Resin Market, 2030

Application 2018 2019 2020 2021

Flexible Packaging 211.2 219.3 198.8 xx

Rigid Packaging 118.1 122.1 110.2 xx

Compounding 85.8 88.0 78.8 xx

Others 44.9 45.7 40.6 xx

Total 460.0 475.2 428.5 xx

TABLE 51 North America tie layer resin market volume estimates and forecast, by application, 2022
– 2030 (Kilo Tons)

CAGR
Application 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Flexible Packaging xx xx xx xx xx xx xx xx xx xx%

Rigid Packaging xx xx xx xx xx xx xx xx xx xx%

Compounding xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 52 North America tie layer resin market revenue estimates and forecast, by application, 2018
- 2021 (USD Million)

Application 2018 2019 2020 2021

Flexible Packaging 642.4 671.0 611.6 xx

Rigid Packaging 399.2 415.2 376.9 xx

Compounding 255.6 263.7 237.5 xx

Others 116.3 118.6 105.4 xx

Total 1,413.6 1,468.5 1,331.5 xx

TABLE 53 North America tie layer resin market revenue estimates and forecast, by application, 2022
– 2030 (USD Million)

CAGR
Application 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Flexible Packaging xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

Rigid Packaging xx xx xx xx xx xx xx xx xx xx%

Compounding xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

8.2.5 U.S.

8.2.5.1 U.S. tie layer resin market estimates and forecast, 2018 - 2030

TABLE 54 U.S. tie layer resin market estimates and forecast, 2018 - 2021 (Kilo Tons) (USD Million)

2018 2019 2020 2021

Kilo Tons 427.3 441.6 398.3 xx

USD Million 1,310.0 1,361.4 1,234.8 xx

TABLE 55 U.S. tie layer resin market estimates and forecast, 2022 – 2030 (Kilo Tons) (USD Million)

CAGR
2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Kilo Tons xx xx xx xx xx xx xx xx xx xx%

USD Million xx xx xx xx xx xx xx xx xx xx%

8.2.5.2 U.S. tie layer resin market estimates and forecast, by base resin, 2018
- 2030

TABLE 56 U.S. tie layer resin market volume estimates and forecast, by base resin, 2018 - 2021 (Kilo
Tons)

Base resin 2018 2019 2020 2021

LLDPE 172.9 179.8 163.3 xx

LDPE 83.8 86.9 78.6 xx

HDPE 23.7 24.3 21.7 xx

EVA 34.8 35.5 31.6 xx

PP 91.4 94.1 84.6 xx

Others 20.6 20.9 18.6 xx

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Tie Layer Resin Market, 2030

Total 427.3 441.6 398.3 xx

TABLE 57 U.S. tie layer resin market volume estimates and forecast, by base resin, 2022 – 2030 (Kilo
Tons)

CAGR
Base resin 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

LLDPE xx xx xx xx xx xx xx xx xx xx%

LDPE xx xx xx xx xx xx xx xx xx xx%

HDPE xx xx xx xx xx xx xx xx xx xx%

EVA xx xx xx xx xx xx xx xx xx xx%

PP xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 58 U.S. tie layer resin market revenue estimates and forecast, by base resin, 2018 - 2021 (USD
Million)

Base resin 2018 2019 2020 2021

LLDPE 504.2 527.3 481.4 xx

LDPE 270.3 281.7 256.2 xx

HDPE 69.9 72.0 64.7 xx

EVA 120.8 123.8 110.7 xx

PP 309.0 319.9 289.0 xx

Others 35.8 36.7 32.8 xx

Total 1,310.0 1,361.4 1,234.8 xx

TABLE 59 U.S. tie layer resin market revenue estimates and forecast, by base resin, 2022 – 2030 (USD
Million)

CAGR
Base resin 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

LLDPE xx xx xx xx xx xx xx xx xx xx%

LDPE xx xx xx xx xx xx xx xx xx xx%

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Tie Layer Resin Market, 2030

HDPE xx xx xx xx xx xx xx xx xx xx%

EVA xx xx xx xx xx xx xx xx xx xx%

PP xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

8.2.5.3 U.S. tie layer resin market estimates and forecast, by product type,
2018 - 2030

TABLE 60 U.S. tie layer resin market volume estimates and forecast, by product type, 2018 - 2021
(Kilo Tons)

Product type 2018 2019 2020 2021

Reactive 256.6 266.0 240.8 xx

Non-reactive 170.7 175.5 157.5 xx

Total 427.3 441.6 398.3 xx

TABLE 61 U.S. tie layer resin market volume estimates and forecast, by product type, 2022 – 2030
(Kilo Tons)

CAGR
Product type 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Reactive xx xx xx xx xx xx xx xx xx xx%

Non-reactive xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 62 U.S. tie layer resin market revenue estimates and forecast, by product type, 2018 - 2021
(USD Million)

Product type 2018 2019 2020 2021

Reactive 815.4 848.7 770.9 xx

Non-reactive 494.5 512.7 463.9 xx

Total 1,310.0 1,361.4 1,234.8 xx

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Tie Layer Resin Market, 2030

TABLE 63 U.S. tie layer resin market revenue estimates and forecast, by product type, 2022 – 2030
(USD Million)

CAGR
Product type 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Reactive xx xx xx xx xx xx xx xx xx xx%

Non-reactive xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

8.2.5.4 U.S. tie layer resin market estimates and forecast, by application, 2018
- 2030

TABLE 64 U.S. tie layer resin market volume estimates and forecast, by application, 2018 - 2021 (Kilo
Tons)

Application 2018 2019 2020 2021

Flexible Packaging 196.5 204.1 185.1 xx

Rigid Packaging 109.4 113.2 102.2 xx

Compounding 79.5 81.6 73.1 xx

Others 41.9 42.6 37.8 xx

Total 427.3 441.6 398.3 xx

TABLE 65 U.S. tie layer resin market volume estimates and forecast, by application, 2022 – 2030 (Kilo
Tons)

CAGR
Application 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Flexible Packaging xx xx xx xx xx xx xx xx xx xx%

Rigid Packaging xx xx xx xx xx xx xx xx xx xx%

Compounding xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

TABLE 66 U.S. tie layer resin market revenue estimates and forecast, by application, 2018 - 2021 (USD
Million)

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Tie Layer Resin Market, 2030

Application 2018 2019 2020 2021

Flexible Packaging 596.3 623.0 568.1 xx

Rigid Packaging 368.9 383.8 348.6 xx

Compounding 236.5 244.1 219.9 xx

Others 108.2 110.4 98.1 xx

Total 1,310.0 1,361.4 1,234.8 xx

TABLE 67 U.S. tie layer resin market revenue estimates and forecast, by application, 2022 – 2030
(USD Million)

CAGR
Application 2022 2023 2024 2025 2026 2027 2028 2029 2030
(2022-30)

Flexible Packaging xx xx xx xx xx xx xx xx xx xx%

Rigid Packaging xx xx xx xx xx xx xx xx xx xx%

Compounding xx xx xx xx xx xx xx xx xx xx%

Others xx xx xx xx xx xx xx xx xx xx%

Total xx xx xx xx xx xx xx xx xx xx%

Note: The chapter will also include data tables for all the regions and countries mentioned in table of
content.

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Tie Layer Resin Market, 2030

Chapter 9 Company Profiles

9.1 LyondellBasell Industries N.V.

9.1.1 Business overview

Snapshot

Headquarters Germany

Year of Establishment 1865

Employees 111,047 (As of December 2021)

Regional Presence Global

Traded BAS (ETR)

LyondellBasell Industries N.V. is a major refining, plastic, and chemical company operating globally.
The company operates in the chemical, polymer, fuel, technology, packaging, and advanced polymer
solution sectors. It has operations in 32 countries with 94 manufacturing facilities. LyondellBasell
Industries Holdings B.V. is focused on sustainable products by developing strong plastic pipes for
maintaining water purity, advancing food preservation & safety through flexible packaging, and
making lightweight vehicles for fuel efficiency.

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Tie Layer Resin Market, 2030

9.1.2 Financial data

(All numbers are in USD million)

Year 2021 2020 2019

Currency Rate 1 1 1

Filed Currency USD USD USD

Revenue 46,200 27,800 34,700

Net Income 5,617 1,427 3,397

Operating Income 6,773 1,599 4,116

EBITDA 5,273 1,810 5,692

R&D Expenditure 124 113 111

Total Revenue, By Product

Olefins & Co-products 5,008 2,432 2,957

Polyethylene 10,134 5,842 6,070

Polypropylene 7,994 4,525 5,010

Propylene Oxide &


2,885 1,714 1,924
Derivatives

Oxyfuels & Related Products 3,587 2,278 3,116

Intermediate Chemicals 3,415 2,080 2,516

Compounding & Solutions 4,132 3,223 4,096

Advanced Polymers 1,001 680 750

Refined Products 7,178 4,346 7,599

Other 839 633 689

Total Revenue, By Geographic Segment

U.S. 22,256 12,113 16,349

Germany 3,395 2,113 2,708

Mexico 2,322 1,474 1,225

Italy 1,828 1,175 1,435

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Tie Layer Resin Market, 2030

France 1,572 1,197 1,634

Japan 1,431 875 1,345

China 1,417 876 1,039

Netherlands 1,390 785 929

Poland 1,169 926 960

Others 9,123 6,219 7,103

9.1.3 Product landscape

Product Application/Feature
• It is a maleic anhydride grafted polyethylene resin with high thermal
stability and good flexibility
• It is primarily designed to be used as the adhesive layer between the
Lucalen G3710E
topcoat polyethylene and the epoxy layer in a three-layer coating
system with easy processing characteristics
• It is available in pellet form

• Plexar tie-layers are chemically modified resins used to bond unlike


materials, primarily in packaging and industrial applications
Plexar PX1007 • Primarily used for blown & cast films, sheet & thermoforming, blow
molding, extrusion coating & lamination, tubing, pipe, and other
specialty applications

• Plexar tie-layers are chemically modified resins used to bond unlike


materials, primarily in packaging and industrial applications
• Product grades primarily used for blown & cast films, sheet &
Plexar PX3198
thermoforming, blow molding, extrusion coating & lamination,
tubing, pipe, and other specialty applications that are available in
pellet form

9.1.4 Strategic outlook

• In May 2021, LyondellBasell Industries manufactured virgin polymers from raw material
derived from plastic waste materials. The raw material is converted into propylene and
ethylene by the thermal conversion of plastic waste and then processed into polyethylene and

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Tie Layer Resin Market, 2030

polypropylene in the company’s production units. This will help to eliminate plastic waste and
address climate change.

9.1.5 SWOT analysis

FIG. 1 SWOT Analysis, LyondellBasell Industries N.V.

• Diversified product portfolio

S
• Financial flexibility affected by high debts

W
• Increase in the demand for ethylene and propylene

O •

Establishing a new joint venture
Improve the technological infrastructure

• A sustained decrease in crude oil prices


T • Costs and limitations on the supply of raw materials and energy

Sources: Industry Associations and Journals, Company Annual Reports, Owler, Primary Interviews, Global Market Insights

Note: The final report also includes profiles of the following companies on the above attributes:

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Tie Layer Resin Market, 2030

9.2 Mitsui Chemicals Inc.

9.3 Exxon Mobil Corporation

9.4 Eastman Chemical Company

9.5 Dupont de Nemours, Inc.

9.6 The Dow Chemical Company

9.7 Arkema

9.8 Westlake Chemicals

9.9 Mitsubishi Chemical Corporation

9.10 Addivant

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