A10807 | Pages: NA | Jul 2022 | 1352 Views | ||
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Extrusion Coating Market
Request Now !Extrusion coating is a process used to quote thermoplastic polymeric materials on different substrates by the application of heat and pressure. The substrates may be polyester films, aluminum foil, paperboard or even biaxially oriented polypropylene (BOPP) films. Extrusion coatings have a wide array of applications introducing drink containers, tubes for toothpaste and other materials, transport packaging, industrial wrappings, and more. Thus, extrusion coating is widely used in different end user industries including food & beverage, pharmaceutical, construction, consumer goods, and others.
Market scope and structure analysis :
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Material, Substrate, End-use Industry,and Region |
Geographies covered | North America (U.S. and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | SABIC, Celanese Corporation, PPG Industries Inc., Formosa Plastics Corporation, Borealis AG, LyondellBasell Industries Holdings BV, DowDuPont, Exxon Mobil Corporation, Eastman Chemical Company, Reliance Industries Limited, Solvay SA, The Sherwin-Williams Company, Valspar Corporation, Akzo Nobel NV, Dura Coat Products Inc. and The Lubrizol Corporation. |
COVID-19 scenarioanalysis:
Top impacting factors: Market Scenario Analysis, Trends , Drivers and Impact Analysis
The rise in demand for food & beverage industries has played a key role in driving the growth of the extrusion coating market. It is majorly used for flexible packaging of various food items such as dairy products, meat & poultry, and other frozen foods. The extrusion coating also provides advantages including prolonged shelf life, lower costs, and the capability to retain the freshness of the product. On the other hand, extrusion coatings also play a vital role in the packaging of several pharmaceutical and personal care products. Excellent properties including aberration resistance, chemical stability, and reduced water vapor transfer also drive the demand for extrusion coatings in these industries. However, the fluctuating prices of raw materials limit the market growth.
The market in the Asia-Pacific region holds a significant share of the global extrusion coatings market due to the increase in demand for extrusion coatings in different manufacturing facilities present in the region. The market in Europe and North America regions is also expected to witness lucrative growth owing to the high need of extrusion coatings in the food & beverage industry in the developed economies.
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Key benefits of the report:
Questions answered in the Extrusion Coating Market research report:
Key Market Segments
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Key Market Players
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