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Extrusion Coating Market by Material Type (LDPE, EVA, PP), Substrate (Paper & Paperboard, Polymer Films, Aluminum Foil), and Region( North America, Europe, Asia Pacific, Latin America, Middle east and Africa)- Global Forecast to 2028

Published: March, 2023
ID: 8578
Pages: 175
Formats: report pdf report excel report power bi report ppt

Extrusion Coating Market Size (2023-2028):

The extrusion coating market size is predicted to reach US$ 5.65 billion by 2028, registering a CAGR of 5.6% during 2023-2028

In many end-use industries, the extrusion coating market has offered advanced technology in the manner of packaging to protect end products against moisture, dust, rain, temperature changes, cracks, and other factors. Extrusion coating is extruding melted polymer over the existing film to pass through the calendar rolls. The extrusion coating industry offers a variety of substrates for a wide range of packaging without affecting the finished products physically. For example, metallic foil, polymer, cardboard, woven or non-woven textiles, and other extrusion-coated substrates are commonly used for packaging. The extrusion coating industry is likely to offer profitable prospects during the forecast period as one of the constantly changing processes in the combination of thermoplastic and a flexible substrate. Extrusion coatings are projected to become a superior option to aseptic flexible bricks and will thus continue to be popular worldwide. Multiple-layer webs are in high demand in the extrusion coating market for personal care and food and beverage packaging. 

Extrusion Coating Market Drivers and Restraints:

The extrusion coating market is projected to be driven by the growing demand for extrusion coating in the packaging industry. Shortly, the extrusion coating industry is projected to be caused by the increasing popularity of additive manufacturing processes worldwide. Furthermore, the expanding population in regions such as China, India, and the ASEAN countries drives demand for extrusion coatings. In addition, the usage of single-use plastics has expanded in the cosmetics and food and beverage industries. Moreover, during the forecast period, the combined food and packaging sectors are likely to drive the extrusion coating market for flexible packaging. Consumer-friendly, long-shelf-life and green packaging are just a few of the benefits that are expected to enhance its use in the medical, pharmaceutical, and industrial sectors in the near future. Extrusion coating is a versatile industrial procedure for coating a molten extruded polymer web onto a substrate.

Moreover, in the extrusion coating process, a polymer is melted in an extruder under heat and pressure. The extruded hot melt coat a substrate continually fed through a nip-roll assembly as a thin film coating. Paper board, polyester film, BOPP film, aluminum foil, or woven cloth can all be used as a substrate. The extrusion coating industry is driven by rising demand from the food and beverage packaging and automotive industries. Extrusion coatings are used in a variety of applications, including flexible packaging.

However, the high cost of the coating compared to other less expensive coatings and the demand for a thicker dry film limit its ability to compete in the extrusion coating market. This can be remedied by raising knowledge of their long-term benefits and introducing environmentally friendly extrusion coatings.

EXTRUSION COATING MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

5.6%

Segments Covered

  • By Material
  • By Substrate
  • By Application

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • North America: United States, Mexico, Canada
  • Europe: United Kingdom, Germany, Italy, France
  • Asia Pacific: Australia, Canada, China
  • Latin America: Argentina, Brazil, Chile
  • The Middle East and Africa: Egypt, Iran, Iraq, Israel

Market Leaders Profiled

The Sherwin-Williams Company, PPG Industries Inc, The Dow Chemical Company, Dura Coat Products, Inc, The Valspur Corporation, The Lubrizol Corporation, Davis-Standard, LLC, Optimum Plastics., Qenos Pty Ltd, Natur-Tec India Private Limited

Market Segmentation:

Extrusion Coating Market By Material:

  • Low-density polyethylene

  • High-density polyethylene

  • Ethylene-vinyl acetate

  • Ethylene butyl acrylate

  • Polypropylene

  • Others

Based on material, low-density polyethylene dominates the global extrusion coating market during the forecast period due to its exceptional qualities, such as increased melt strength, improved optical properties, and simple recyclability. In addition, it has good sealability and provides a good moisture barrier. Hence Extrusion coating made of low-density polyethylene (LDPE) is utilized in various applications, including food packaging, liquid packaging, and carton folding. In addition, polypropylene is often used in pet food packaging and microwave oven applications due to its substantial temperature and grease resistance.

Extrusion Coating Market By Substrate:

  • Paperboard/Cardboard

  • Polymer films

  • Aluminum/ Metallic Foils

  • Others

In the extrusion coating sector, paper and paperboard are the most popular substrates. Because of the rising usage of paper and paperboard for liquid packing, this is the case. The exceptional features of this substrate are driving up demand. In addition, it is environmentally friendly, so it is being used for food and beverage packaging in many nations, further propelling the global extrusion coating market from 2022 - 2027.

Extrusion Coating Market By Application:

  • Flexible packaging

  • Liquid packaging

  • Medical packaging

  • Photographic film

  • Personal and Cosmetic packaging

  • Industrial Packaging/ Wrapping

  • Others 

Extrusion coatings for liquid packaging accounted for the most significant part of the global market for extrusion coatings. Liquid packing encompasses uses for both short and long-term products (dairy as well as non-dairy). Liquid food packaging requires, among other things, design flexibility, printability, appearance, and sustainability. Temperature resistance, abrasion resistance, grease resistance, a lower coefficient of resistance, and a reduced water vapor transfer rate are just a few of the benefits of using extrusion coatings for liquid packing. The continued expansion of the personal care and cosmetics business is predicted to boost the use of liquid packaging, increasing extrusion coating use.

On the other hand, flexible packaging is anticipated to have the highest CAGR in the global extrusion coatings market. Food packaging, such as bakery goods, dairy products, frozen food, meat and poultry, confectionery, and cookies, is primarily made of flexible packaging. Flexible packaging offers several benefits, including cheaper costs, consumer friendliness, extended shelf life, environmental friendliness, and the capacity to keep items fresh.

Extrusion Coating Market Regional Analysis: 

  • North America 

  • Europe 

  • Asia Pacific 

  • Latin America 

  • The Middle East and Africa 

The Asia-Pacific region held the most outstanding share of the worldwide extrusion coatings market. China and India are the largest consumers of extrusion coatings in the region. The economy and disposable incomes of the population in the region are both growing, which is driving up demand for extrusion-coated material. As a result, China's market is predicted to grow at the fastest rate of all the countries in the region during the projection period. China is the largest country in Asia-Pacific in terms of revenue. The country's growth rate is still robust, but it is slowing down as the population ages.

Europe and North America regions are expected to have a significant CAGR in the global extrusion coatings market. Most builders use extrusion coating to make infrastructure presentable and protect it from harsh weather conditions. Due to the rising demand for food packaging, countries like the United States, Germany, and Brazil will significantly increase. In addition, the extrusion coating market is influenced by changing consumer lifestyles, either directly or indirectly.

Impact of COVID-19 on the Extrusion Coating Market:

The flow of the COVID-19 pandemic has had a significant influence on the global extrusion coating market. Government-imposed statewide lockdowns to contain the virus had a significant impact on the manufacturing sector. As a result, most manufacturing facilities were forced to reduce their production rates, which reduced demand for hydraulic packaging applications and, as a result, demand for extrusion coating. However, since the worldwide pandemic outbreak, individuals worldwide have been warned to avoid congested areas to prevent the virus from spreading. This resulted in a greater preference for e-commerce services. As a result, there has been an increase in demand.

Extrusion Coating Market Key Players:

The companies covered in the report include:

  1. The Sherwin-Williams Company

  2. PPG Industries Inc.

  3. The Dow Chemical Company

  4. Dura Coat Products, Inc

  5. The Valspur Corporation

  6. The Lubrizol Corporation

  7. Davis-Standard, LLC

  8. Optimum Plastics.

  9. Qenos Pty Ltd

  10. Natur-Tec India Private Limited

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