This Global Extrusion Coating Market research report is formulated with the exact understanding of customer requirements. Market status at the global and regional level about ABC industry is offered through this Global Extrusion Coating Market report which helps you gain business insights at the extensive marketplace. Details about the market drivers and market restraints included in this Global Extrusion Coating Market helps understand whether the demand of the products in industry will rise or get lower. To provide an absolute overview of the ABC industry, this Global Extrusion Coating Market report covers various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape.
This Global Extrusion Coating Market research report offers you with an array of insights about ABC industry and business solutions that will support to stay ahead of the competition. A systematic investment analysis is also underlined in this Global Extrusion Coating Market report which forecasts impending opportunities for the market players. This market report is the outcome of persistent efforts lead by knowledgeable forecasters, innovative analysts and brilliant researchers who carries out detailed and diligent research on different markets, trends and emerging opportunities in the consecutive direction for the business needs. This report analyses the Chemical and Materials industry from top to bottom by considering myriad of aspects.
Market Analysis: Global Extrusion Coating Market
The Global Extrusion Coating Market is expected to reach USD 6.2 billion by 2025, from USD 4.1 billion in 2017 growing at a CAGR of 5.4% during the forecast period of 2018 to 2025.
The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Extrusion coating is a process in which molten plastic is applied to paper board and chilled to thin and smooth layer of thickness. Extrusion coating is widely used in the coating of thermoplastic materials including PET, BOPP film, aluminium foil, paper and others. Low Density Polyethylene (LDPE) is the basic material used in extrusion coating and used for the coating of fruit juice, liquid packaging, building and industrial usage.
According to The Canadian Research Institute, the sales and packaging unit will rise by 4 billion to 400 trillion by 2018. As per Interpack Alliance Processing & Packaging, in 2015, packaging industry had 839 billion of revenue world-wide and it is growing by 3.5% per year. As per the Statista report, the food and packaging market is expected to grow by 2.3% between 2016 -2022. Thus above factor proves that the demand for packaging and food industry around the globe is growing and will drive the demand for extrusion coating.
- Growing demand for extrusion coating in Asia-Pacific and the Middle East & Africa
- Rising demand by food & packaging industry
- Increasing use of extrusion coating by end user industries.
- Environmental concerns
- Rising demand for substitution products such as bio-based polymers
· By Type (Low Density Polyethylene (LDPE), Ethylene Vinyl Acetate (EVA), Polypropylene (PP), Others),
· By Substrate (Paper & Paperboard, Polymer Films, Aluminium Foil, Other),
· By Application (Transportation, Liquid Packaging, Photographic, Flexible Packaging, Others),
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Key Market Competitors:
The key players operating in the global extrusion coating market are –
- Eastman Chemical Company
- Exxon Mobil Corporation
- Lyondellbasell Industries Holdings B.V.
The other players in the market are-Borealis AG, The Dow Chemical Company, 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., Celanese Corporation, Formosa Plastics Corporation, U.S.A., NUC Corporation, Westlake Chemical Corporation among other.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global extrusion coating market
- Analyze and forecast the extrusion coating market on the basis of Type, Substrate, application
- Trends of key regional and country-level markets for Type, Substrate, application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge Market Research