About Extrusion Coating
Extrusion Coating involves combining of different substrate materials to form a single compound structure. The process of extrusion involves coating a substrate with molten web of synthetic resin. Resins used in this process may include, polyethylene, ionomers, ethylene vinyl acetate copolymers and polypropylene. This is broadly used in manufacturing of thermoplastic materials. Substrates used in Extrusion Coating involves paperboard, cardboard, polymer films, metal foils among others. After application of extrusion coating, the internal products are protected from moisture, heat loss and even prevent direct contact of the product to be packed with the substrate. Currently, Asia Pacific dominates the extrusion coating market, with many players planning to shift their manufacturing facilities to countries such as China and India.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Extrusion Coating market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chevron Phillips Chemical Company, LLC (United States), DuPont de Nemours, Inc. (United States), Akzo Nobel NV (Netherlands), Lyondell Basell Industries Holdings BV (Netherlands), Borealis AG (Austria), Exxon Mobil Corporation (United States), Qenos Pty Ltd (Australia), Dow Chemical (United States), SABIC (Saudi Arabia) and Dura Coat Products Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Lubrizol Corporation (United States), PPG Industries, Inc. (United States) and Westlake Chemical Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Extrusion Coating market by , Application (Medical Packaging, Personal and Cosmetic Packaging, Liquid Packaging, Flexible Packaging, Photographic Film, Industrial Packaging/Wrapping and Others) and Region.
On the basis of geography, the market of Extrusion Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User , the sub-segment i.e. Food and Beverages Industry will boost the Extrusion Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material , the sub-segment i.e. Polyethylene will boost the Extrusion Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Substrate , the sub-segment i.e. Paperboard will boost the Extrusion Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Liquid and Medical Packaging are Accounting for one of the Highest Market Shares
Market Growth Drivers:
Growth of End User Industries Availing Packaging and Innovation in Packaging Methodologies, Material, etc.
Challenges:
Manufacturing Sustainable and Environment Friendly Packaging Material
Restraints:
Harmful Impacts on Environment of Plastic based Packaging Materials
Opportunities:
Emergence of Smart Packaging equipped with Sensors and Smart Materials
Market Leaders and their expansionary development strategies
In October 2023, Borealis and Borealis Circular Economy Solutions partner with Reifenhäuser to develop innovative extrusion coating solutions for recycling and upcycling plastic waste.
In August 2023, Dow Chemical launches DOWSIL™ 3D3000 Silicone Coating Resins, offering improved adhesion and scratch resistance for extruded plastic films used in packaging and construction.
Key Target Audience
Extrusion Coating Providers, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.