Global Extrusion Coating Market, By Type (Low Density Polyethylene (LDPE), Ethylene Vinyl Acetate (EVA), Polypropylene (PP), Others), Substrate (Paper and Paperboard, Polymer Films, Aluminium Foil, Other), Application (Transportation, Liquid Packaging, Photographic, Flexible Packaging, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Extrusion Coating Market
The extrusion coating market is expected to witness market growth at a rate of 5.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on extrusion coating market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for the various applications is escalating the growth of extrusion coating market.
Extrusion coating and extrusion laminating refer to the type of converting processes that allow different substrate materials to be combined for acquiring a single compound structure. The materials involved may include paper, aluminum foils, plastics, or carton board. This process is usually custom-built and can be configured for a variety of applications.
The rise in demand for food and beverage industries across the globe acts as one of the major factors driving the growth of extrusion coating market. The increase in the usage of extrusion coating for flexible packaging of various food items such as meat and poultry, dairy products, and other frozen foods accelerate the market growth. The increase in demand for flexible packaging as it offers numerous advantages including consumer friendliness, environment friendliness, capability to retain the freshness of products, lower cost and longer shelf life, among others further influence the market. Additionally, research and development activities, general awareness among consumers, rapid urbanization and outstanding popularity of additive manufacturing process worldwide positively affect the extrusion coating market. Furthermore, development of bio-based polymers as raw material extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, high cost compared to other economical coatings and increase in demand for substitution products such as bio-based polymers are expected to obstruct the market growth. The requirement of higher dry film thickness and rise in carbon footprint are projected to challenge the extrusion coating market in the forecast period of 2022-2029.
This extrusion coating market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on extrusion coating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Extrusion Coating Market Scope and Market Size
The extrusion coating market is segmented on the basis of type, substrate and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the extrusion coating market is segmented into low density polyethylene (LDPE), ethylene vinyl acetate (EVA), polypropylene (PP) and others.
- On the basis of substrate, the extrusion coating market is segmented into paper and paperboard, polymer films, aluminium foil and other.
- On the basis of application, the extrusion coating market is segmented into transportation, liquid packaging, photographic, flexible packaging and others.
Extrusion Coating Market Country Level Analysis
The extrusion coating market is analyzed and market size, volume information is provided by country, type, substrate and application as referenced above.
The countries covered in the global extrusion coating market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the extrusion coating market due to the increase in demand for extrusion coatings in different manufacturing facilities within the region. Europe is expected to be the fastest growing market during the forecast period of 2022 to 2029 because of the high need of extrusion coatings in the food and beverage industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Extrusion Coating Market Share Analysis
The extrusion coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to extrusion coating market.
Some of the major players operating in the extrusion coating market report are Eastman Chemical Company, DuPont de Nemours, Inc., Exxon Mobil Corporation, Lyondellbasell Industries Holdings B.V., Borealis AG, Dow, Celanese Corporation, Qenos Pty. Ltd., Reliance Industries Limited, Solvay, Westlake Chemical Corporation, Arkema S.A., Qenos Pty. Ltd., Nova Chemicals Corporation, A. Schulman, Inc., Hanwha Group, Kuraray Co. Ltd., Formosa Plastics Corporation, U.S.A., NUC Corporation, and Westlake Chemical Corporation among others.
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