According to Researcher, the global extrusion coatings market is expected to witness a considerable growth rate during the forecast period. The accelerating demand from packaging industries, especially liquid packaging, like in the food and beverage industry, is likely to drive the growth of the market. A rise in additive manufacturing process familiarity and environment-friendly coating technologies is expected to aid market growth. Growing demand for moisture and grease resistance, and oxygen, water vapor, and aroma barrier packaging is also among the major driving factors. The fact that it can be used for decorative as well as protective purposes, with the latter being the more common application, helps in the rising demand for extrusion coatings. However, higher cost and dry film thickness compared to other coatings, contribution to carbon footprint, and fluctuating raw material costs are some of the challenges that restrain the global extrusion coatings market growth.
Asia-Pacific is the largest market for the global extrusion coatings market, owing to the growth in economies of countries like China and India. People receive higher disposable incomes year after year. The growth of population and the subsequent growth in industrial sectors using extrusion coatings such as automotive, construction, packaging, and medical are major factors in the regional market growth. Food & Beverage and cosmetic industries' growth also influence the regional extrusion coatings market positively.
The nature of the global extrusion coatings market is fragmented. The major companies include LyondellBasell Industries Holdings, Celanese Corporation, DuPont de Nemours, Sherwin-Williams Company, and Sudi Basic Industries, among others.
Global Extrusion Coatings Market report provides deep insight into the current and future state of the Extrusion Coatings market across various regions. The study comprehensively analyzes the Extrusion Coatings market by segmenting based on type (Ethylene Butyl Acrylate (EBA), Ethylene Vinyl Acetate (EVA), Polyethylene, Polypropylene, Polyethylene Terephthalate & Others types), substrate (Metal Foils, Paperboard, and Cardboard, Polymer Films, Other substrates), application (Flexible Packaging, Industrial Packaging/Wrapping, Liquid Packaging, Medical Packaging, Personal and Cosmetic Packaging & other applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
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