Extrusion Coating Market With Complete SWOT Analysis by Forecast From 2023 to 2031 | Chevron Phillips Chemical Company, Davis Standard, DuPont de Nemours, Inc.

The global extrusion coating market size was US$ 5.1 billion in 2021. The global extrusion coating market is forecast to grow to US$ 8.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.

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Extrusion coating is widely used to safeguard end products against moisture, fog, cracks, dust, temperature fluctuations, etc. The extrusion coating is created by extruding melted polymer on the existing film as it passes through the calendar rolls. The extrusion coating industry provides many substrates for a variety of packaging without any physical modification to the final goods.

Substrates with extrusion coatings, such as metallic foil, polymer, cardboard, and woven or non-woven fabrics, are commonly used for packaging. Extrusion coatings are expected to be an excellent alternative to aseptic flexible bricks and will thus continue to be popular around the world.

Factors Influencing the Market

The wide applications of extrusion coating in the food and beverage sector will primarily drive the growth of the global extrusion coating market. In addition to that, the market may witness favorable growth opportunities due to the rapidly growing population, rising disposable income, and growing awareness related to health.

Raising demand for low-calorie, gluten-free, lactose-free, and sugar-free products will also be opportunistic for the extrusion coating market. Further, the wide applications of extrusion coating across the packaging sector will drive the extrusion coating market forward. Other factors, such as the growing use of extrusion coating in the medical, pharmaceutical, and industrial sectors, will benefit the market. In addition to that, the benefits of extrusion coating, such as consumer-friendliness, long shelf life, and green packaging, will accelerate the growth of the market.

Regional Analysis

The Asia-Pacific extrusion coating market is forecast to record a substantial growth rate due to the presence of a number of emerging economies in the region, including China, Japan, India, and South Korea. Further, massive government spending on food safety, health, and hygiene will be opportunistic for the industry players in the market. Growing disposable income and price deflation will be significant factors bringing a boom in the growth of the extrusion coating market.

North America will also have a significant impact on the extrusion coating market due to the rising demand for ready-to-eat meals and ready-to-drink beverages in the region. Further, growing healthcare industries will also contribute to the growth of the extrusion coating market.

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COVID-19 Impact Analysis

In the wake of the COVID-19 pandemic, the healthcare and food & beverage segment registered a substantial jump in terms of revenue. As a result, it positively influenced the growth of the extrusion coating market. Moreover, the packaging industry also recorded high growth, which contributed to the extrusion coating market.

Competitors in the Market

? Akzo Nobel NV
? Borealis AG
? Celanese Corporation
? Chevron Phillips Chemical Company
? Davis Standard
? DuPont de Nemours, Inc.
? Dura Coat Products Inc.
? LyondellBasell Industries Holdings BV
? Optimum Plastics
? PPG Industries
? Qenos Pty Ltd
? SABIC
? The Lubrizol Corporation
? Other Prominent Players

Market Segmentation

The global extrusion coating market segmentation focuses on Material, Substrate, Application, and Region.

By Material Type:
? Low-density polyethylene (LDPE)
? Ethylene-vinyl acetate (EVA)
? Polypropylene (PP)

By Substrate:
? Paper and Paperboard
? Polymer Film
? Aluminum Foil

By Application:
? Liquid Packaging
? Flexible Packaging
? Commercial
? Photographic

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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America

Key questions answered in the Extrusion Coating report are:

How does a global company acquire markets?
What are its core strategies and policies?
What factors will influence the Extrusion Coating market over the forecast period?
What are the factors driving and restraining the market for Extrusion Coating?
What are the leading competitors in the global market?
Which region is growing at a higher pace in the global market?

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