Extrusion Coatings Market Report

Extrusion Coatings Market Report, By Material Type (Low-Density Polyethylene (LDPE), Ethylene-Vinyl Acetate (EVA), Polypropylene (PP), High Density Polyethylene (HDPE), Ethylene Butyl Acrylate (EBA), Polyethylene Terephthalate and Others), Substrate, Application and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : cm2071 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Global

The extrusion coating is a process in which a liquid coating layer is fixed on a woven or nonwoven fabric. This extruded layer can be applied on one side, two sides or even multi-layer. Extrusion coater laminators deliver a combined substrate, the component elements of which would be very difficult to separate. The combined substrate inherits highly enhanced physical properties and barrier protection performance from its component elements. Moreover, Low density polyethylene (LDPE) is especially suitable for use in the extrusion coating process and is applied to a wide variety of substrates. Furthermore, Extrusion coating lines are usually custom-built and can be configured for a variety of applications liquid packaging, flexible packaging, photographic film, transport packaging, pharmaceutical packaging etc. additionally, increasing use of extrusion coating in various industries is propelling the extrusion coatings market growth globally.

Advantages Of Extrusion Coating

Extrusion Coatings Market Outlook

Growing competitiveness of foremost coating manufacturers, advancement in technology, high development in the automotive, & appliance industry are some of the factors driving the extrusion coatings market. Furthermore, steady growth of packaging industry and high demand for extrusion coating in Asia-Pacific is also the major factor driving the extrusion coatings market. However, factor such as high costs compared to other coatings is hampering the extrusion coatings market globally.  

Extrusion Coatings Market Regional Trends

Based on geography, the market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa and South America. Asia Pacific region accounted for the largest market share in 2019. Because the countries in this region such as China, India, Japan, South Korea, and Indonesia are witnessing remarkable surge in the usage of extrusion coatings in the packaging segment of the food & beverages industry. The growth of the Asia Pacific extrusion coating market is also accredited to the rapid economic growth and growing population.

Extrusion Coatings Market Segmental Highlights

The resin type studied in the extrusion coatings low-density polyethylene (LDPE), ethylene-vinyl acetate (EVA), polypropylene (PP), high density polyethylene (HDPE), ethylene butyl acrylate (EBA), polyethylene terephthalate and others. The Low-Density Polyethylene segment dominated the market in 2019, owing to the easy processing, higher melt strength and significant optical properties in comparison with linear polyethylene. Moreover, it has a decent moisture barrier and sealability property

The substrates studied in the report comprises of paper & paperboard, polymer films, aluminum foil and other substrates. Due to the greater properties of paperboard such as lightweight, recyclability, low cost, and environment-friendliness, the paper & paperboard segment witnesses high demand in the market. Moreover, paper & paperboard is used for packaging numerous food items such as snacks, vegetables, and others.

Various application of extrusion coatings are liquid packaging, flexible packaging, photographic film, transport packaging, mills and industrial wrapping, sack lining, pharmaceutical packaging and personal care & cosmetic packaging. Liquid packaging includes in applications used for both short and long shelf life products such as dairy as well as non-dairy. Packaging of liquid foods demand design flexibility, printability and feel, sustainability, among other features.

Extrusion Coatings Market Key Players

The global extrusion coatings market is led by key companies such as Borealis AG, Celanese Corporation, Chevron Phillips Chemical Company, the DowDupont, Exxon Mobil Corporation, Lyondellbasell Industries Holdings B.V., Qenos Pty. Ltd., SABIC, Ineos, Arkema S.A., Lucobit AG, The Lubrizol Corporation, Formosa Plastics Corporation, Repsol, The Polyolefin Company (Singapore) Pte Ltd., Nova Chemicals Corporation, Eastman Chemical Company, Reliance Industries Limited, Hanwha Group, NUC Corporation, Westlake Chemical Corporation, Kuraray Co. Ltd., Solvay and A. Schulman, Inc. Foremost companies have invested huge capital in mergers & acquisitions and research & development activities to develop advanced products in the market. 

Extrusion Coatings Market Developments

  • November 2017: Axalta Coating Systems, a leading global supplier of liquid and powder coatings, completed its previously announced acquisition of the Valspar Corporation’s North American Industrial Wood Coatings business. Valspar divested the business in connection with the antitrust approval of its acquisition by The Sherwin-Williams Company
  • June 2017: The Sherwin-Williams Company announced acquisition of The Valspar Corporation. Under the terms of the merger agreement, Valspar shareholders will receive USD 113 per share in cash. In connection with completion of the transaction, Valspar common stock ceased trading prior to market opening today and will be delisted from the New York Stock Exchange

The extrusion coatings is segmented by resin type, metal, application and geography. Based on resin type, the extrusion coatings market is segmented into polyester, fluoropolymers, siliconized polyster, plastisol and others. The metals studied in the report are steel, copper, aluminium, galfan and others. Based on application, the extrusion coatings market is segmented into automotive, appliance, construction & building, HVAC, furniture, packaging, transport and others. The automotive segment is further divided into fuel tanks, under-hood and body panels. The appliance segment is further sub segmented into refrigeration, stoves, dishwasher, washer or dryer and ovens. 

Geographically, the market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa and South America. Asia Pacific emerged as the largest consumer and dominated the extrusion coatings market in 2018, owing to huge demand for extrusion coatings from countries such as Japan, China, India and increasing consumption for extrusion coatings in leather coatings and architectural coatings is benefitting the overall regional market. 

Why to buy this report:

  • The report offers changing market dynamics in the extrusion coatings market, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of extrusion coatings
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the extrusion coatings market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of extrusion coatings market