What is Extrusion Coating Market?
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.
The market study is being classified, by Application (Medical Packaging, Personal and Cosmetic Packaging, Liquid Packaging, Flexible Packaging, Photographic Film, Industrial Packaging/Wrapping and Others) and major geographies with country level break-up.
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 profiled in the study. Additionally, the Vendors which are also part of the research are The Lubrizol Corporation (United States), PPG Industries, Inc. (United States) and Westlake Chemical Corporation (United States).
Analyst at AMA have segmented the market study of Global Extrusion Coating market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth of End User Industries Availing Packaging
- Innovation in Packaging Methodologies, Material, etc.
- Liquid and Medical Packaging are Accounting for one of the Highest Market Shares
- Harmful Impacts on Environment of Plastic based Packaging Materials
- Emergence of Smart Packaging equipped with Sensors and Smart Materials
- Manufacturing Sustainable and Environment Friendly Packaging Material
Market Leaders and some development strategies
In 2021, KAP AG, German Firm specialising in surface technologies, flexible films and other engineering products has announced acquisition of in AerO Coated Fabrics B.V., which is Netherlands based manufacturer of flexible film segments. The acquisition will bolster KAPís extrusion coating business.
In 2021, Wellspring Capital Management owned ProAmpac, a market leader in flexible packaging has announced completion of acquisition of Rapid Action Packaging, which is an UK based firm specialising in cellulose-based food packaging services. This acquisition by ProAmpac will expand its food packaging portfolio as well as further strengthen its extrusion coating foothold in United Kingdom.
Key Target AudienceExtrusion Coating Providers, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Extrusion Coating Market?
"Growth of End User Industries Availing Packaging
" is seen as one of major growth factors of Extrusion Coating Market in years to come.
2. Can we have customized study for Extrusion Coating Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.