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Recent research: Extrusion coating market trends and forecast, 2014-2024

Recent research: Extrusion coating market trends and forecast, 2014-2024

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.

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​Introduction

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. 

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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 Make an Inquiry about this news 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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