Extrusion Coating Market Growth and Forecast-2025

20/dic/2019 11:31:07 Tejas Amale Contatta l'autore

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Market Research Future Published a Research Study on Extrusion Coating Market Research Report, Size, Share and Industry Analysis - Forecast to 2025

Extrusion Coating Market - News Update

Oil and gas giant Exxon Mobil Corporation has recently revealed its plans to introduce two new high-performance polyethylene (PE) polymers for recyclable PE laminated packaging and premium-quality flexible packaging.

Walki Group, a renowned packaging solution provider, has reportedly acquired 100 per cent stakes in Plastiroll Oy, a Finland-based sustainable packaging material company. The funds for this acquisition were managed by sponsors Capital and key personnel of Walki Group

Expansion of end-use markets creating new opportunities for the extrusion coating suppliers. Market Research Future (MRFR) reports that the global protective coating market value to increase to more than USD 25 Bn by the year 2023. Extrusion coatings have a wide range of properties, which includes excellent clarity, hardness, gloss, and durability. Such attributed make the product highly desirable for use in various application.

Some of the major industry verticals that extrusion coatings find application in, include liquid packaging, photographic, envelopes, flexible packaging, medical or hygiene coating, transport specific packaging and mill & industrial wraps. Growing use of sophisticated packaging is a major industry trend. Focus is also shifting towards use of advanced materials in laminated and composite flexible structures.

Extrusion coatings are used in surfaces that require durable protective coatings with high resistance to abrasion, and chemical penetration. Strong adhesion is also a key characteristics of extrusion coating.

Used of extrusion coating in industrial equipment and machineries has increased significantly. This trend is expected grow further in the forthcoming years. Application scope is also likely to grow in segments such as food & beverages, construction, medical and healthcare.

Get a FREE Sample Copy Now@ https://www.marketresearchfuture.com/sample_request/5120

Competitive Landscape

Some of the leading companies operating in the global extrusion coating market include-

  • Solvay SA (Blegium)
  • Borealis AG (Austria)
  • Formosa Plastics Corporation (Taiwan)
  • PPG Industries, Inc. (The U.S.)
  • Exxon Mobil Corporation (The U.S.)
  • Celanese Corporation (The US)
  • LyondellBasell Industries Holdings BV (The Netherlands)
  • Reliance Industries Limited (India)
  • DowDuPont (The US)
  • SABIC (Saudi Arabia)
  • Eastman Chemical Company (The US)

Segmental Overview

The segmental analysis of the market has been conducted on the basis of the application, substrate, type, and region.

Based on Application

  • Envelope
  • Photographic
  • Packaging
  • Others

Based on Substrate

  • Aluminum foils
  • Polymer films
  • Paperboard
  • Others

Based on Type

  • Ethylene vinyl acetate (EVA)
  • Polypropylene (PP)
  • Low density polyethylene (LDPE)

Browse Key Industry insights spread across 140 pages with 47 market data tables & 12 figures and charts from the Report,  "Extrusion Coatings Market: Information by Type (Low Density Polyethylene (LDPE), Polypropylene (PP), Ethylene Vinyl Acetate (EVA), and Others), Substrate (Paperboard, Polymer Films, Aluminum Foils, Corrugated Fiberboards, and Others), Application (Building & Construction, Automotive, Electronics, Imaging, Medical, Consumer Goods, Packaging, and Others), and Region (Asia-Pacific , North America, Europe, Latin America, and Middle East & Africa) —Forecast till 2025 "  in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/extrusion-coating-market-5120

Extrusion Coating Market: Regional Segmentation

The market has been segmented into North America, Asia Pacific (APAC), the Middle East & Africa (MEA), Europe and Latin America. Of these, the market prospects are expected to remain bright in APAC. Changing domestic industrial landscape continues to be a key factor, influencing the market growth in APAC. Local policy makers are proving a strong backing to small and medium-sized industries to flourish. Such China and India countries are undergoing intense industrial policy reforms. The business climate has improved tremendously in these countries. At the same time, economic in ASEAN countries and Japan's continuous rise as one of the major economic powerhouse of the world has reflected favorably on the market.

APAC is followed by North America in terms of revenue. North America is a major market for extrusion coating, which is led by the US. Policies introduced by the Trump-regime to the bolster domestic industries, Europe ranks third in the global extrusion coating market in terms of value. Meanwhile, MEA and LatAm markets are also expected to witness significant growth but from a lower base.

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