Extrusion Coating Market Overview and Future Prospects For Key Players - Borealis, Chevron Phillips Chemical Company, DowDuPont, ExxonMobil, INEOS, LyondellBasell, Mondi Group, Qenos, SABIC & Westlake Chemical Outlook to 2023

Economic growth in different regions and expansion in the food and beverage industry are the key factors driving the Extrusion Coating Market growth. Extrusion coating can be defined as the process of applying thin hot films of different types of resins on substrates such as paper and paperboard, aluminum foil, and polymer film.

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It mainly involves four steps: resin handling or conditioning, substrate handling, material coating, and coated substrate withdrawal.

Liquid packaging is the largest application area of extrusion coating materials. It held the largest value share in the extrusion coating market during the historical period and is estimated to contribute more than 40.0% to the market in 2017.

The APAC region is estimated to contribute more than 45.0% value share to the extrusion coating market in 2017. During the forecast period, the market in the region is expected to witness the highest growth at a CAGR of 5.0%.

Based on substrate, paper and paperboard is the dominant category, estimated to hold the largest value share, accounting for more than 45.0%, in the extrusion coating market in 2017. The dominant market share of this substrate can be attributed to its high mechanical strength, biodegradability, and printability.

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Some of the major players operating in the global extrusion coating market are Borealis AG, Chevron Phillips Chemical Company LP, DowDuPont Inc., Exxon Mobil Corporation, INEOS Group Holdings S.A., LyondellBasell Industries N.V., Mondi Group, Qenos Pty. Ltd., SABIC, and Westlake Chemical Corporation.

GLOBAL EXTRUSION COATING MARKET SEGMENTATION

By Material Type
• Low-density polyethylene (LDPE)
• Ethylene-vinyl acetate (EVA)
• Polypropylene (PP)
• Others (high-density polyethylene [HDPE], ethylene butyl acrylate [EBA], polyethylene terephthalate [PET])
By Substrate
• Paper and paperboard
• Polymer film
• Aluminum foil
• Others (cellulose and nonwovens)
By Application
• Liquid packaging
• Flexible packaging
• Commercial
• Photographic
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Europe
• Asia-Pacific (APAC)
o China
o Japan
o India
o Rest of APAC
• Latin America (LATAM)
o Brazil
o Mexico
o Rest of LATAM
• Middle East and Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA

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