Press release
Extrusion Coating Market-by Material Type (LDPE, EVA, PP), Substrate (Paper & Paperboard, Polymer Films, Aluminum Foil), and Region - Global Forecast to 2024
The extrusion of resin at a temperature up to 320°C from a slot die is known as extrusion coating. Extrusion coating involves application of a melted synthetic resin on a substrate. It is used in several applications such as paperboard, aluminum foil, plastic films, fiberboard, cellulose and non-woven. Extrusion coatings are cost-efficient and cover a wide range of applications in industries such as packaging, construction, and consumer products.
Market Dynamics
The global extrusion coating market is growing at a significant pace owing to the growth in demand from packaging industry. Moreover, the rise in demand from emerging economies of Asia-Pacific such as India, China, Malaysia, Taiwan and Indonesia drives the market for extrusion coating. Also the growing demand from food industry is equally driving the market growth. However, the use of bio-based polymers instead of extrusion coating process across various industries hampers the growth of market. The market for extrusion coatings faces major challenges owing to the government policies regarding emission of carbon during the process. Asia-Pacific offers huge growth opportunity for extrusion coating market. Rapidly increasing packaging, construction and photographic industry are likely to drive the market for extrusion coating.
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Market Classification and Overview
The Global Extrusion Coating Market can be segmented based on material type, substrate, application, end-use industry, and region. Low density polyethylene, ethylene vinyl acetate, polypropylene, polyethylene and terephthalate are the different material types in the extrusion coating market. Low density polyethylene segment dominated the extrusion coating market in 2015 as it can be processed easily, and offers excellent optical characteristics. It offers barrier from moisture and sealability characteristics. Moreover, the low density polyethylene type is recyclable, which add to an extra advantage for its use. Also the increased use of low density polyethylene across industries such as consumer goods, construction, medical and automotive drives the market for low density polyethylene in the extrusion coating market. Based on substrate, the market for extrusion coating is segmented into paperboard, papers, films, aluminum foil and polymers. Liquid packaging, commercial packaging, photographic and flexible packaging are the various applications of extrusion coating market. Liquid packaging was the largest application segment of extrusion coating market. Extrusion coating is used in bag-in-box bottles, stand-up pouches and caps & closures in the liquid packaging application. Flexible packaging is projected to witness highest growth during the forecast period. The flexible packaging application is used in food processing industry as it offers advantages such as longer shelf life, capable of retaining freshness of products, green packaging, less cost, and consumer friendly. Automotive, building & construction, consumer goods, transportation and medical are the various industries that use extrusion coating process.
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Regional Overview
The market for extrusion coating is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Asia-Pacific was the largest market for the use of extrusion coatings in 2015. The major countries driving the market growth in the region were India, China, South Korea, Malaysia, and Indonesia. The growing construction, packaging, consumer goods and medical industry in the region are expected to drive the market for extrusion coating in coming years. China is projected to be the fastest growing market for extrusion coating during the forecast period.
Report Coverage
Market Extrusion Coating Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Material Type, Substrate, Application, End Use Industry, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis
Market Participants
Some of the key players in the global extrusion coating market include AkzoNobel N.V., Eastman Chemical Company, Borealis AG, Exxon Mobil Corporation, Novus Packaging Inc., The Dow Chemical Company, Bobst Group SA, and Mondi Plc among others. These companies are focusing on key market strategies such as mergers and acquisitions with local as well as established players. Moreover, companies are also focusing on R&D of new products with low carbon emission owing to the government policy regarding lowering of VOC content which causes global warming.
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Market Segmentation
Market By Material Type
Low density polyethylene
Ethylene vinyl acetate
Polypropylene
Polyethylene
Terephthalate
Market By Substrate
Paperboard
Papers
Films
Aluminum foil
Polymers
Market By Application
Liquid packaging
o Bag-in-box bottles
o Stand-up pouches
o Caps & closures
Commercial packaging
Photographic
Flexible packaging
Market By End Use Industry
Automotive
Building & construction
Consumer goods
Transportation
Medical
Market By Geography
North America
o US
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
Latin America
o Brazil
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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About Us
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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Frank Wilson
Sales Manager | Acumen Research and Consulting
Email: frank@acumenresearchandconsulting.com
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Website: https://www.acumenresearchandconsulting.com
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