Extrusion Coatings Market Analysis, Revenue Share, Company Profiles, Launches and Forecast to 2028 | Reports and data

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Growing demand from packaging industries and popularity of additive manufacturing process are the major factors influencing the growth of the market.

NEW YORK, NY, USA, Jan. 13, 2022 /EINPresswire.com/ — According to a new report from Reports and Data, the global extrusion coating market is expected to reach USD 6.78 billion by 2028. This may be mainly associated with the growing demand from packaging industries and the popularity of additive manufacturing processes.

The extrusion coating process is used for a range of applications including liquid packaging, aseptic beverage containers, flexible packaging, toothpaste tubes, medical packaging, industrial packaging, insulating backing materials and plastic-coated tablecloths, as well as bags for products as diverse as cement. , cereals and dry chemicals.

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Extrusion Coatings Industry Overview

The global revenue growth of the Materials and Chemicals industry can be mainly attributed to the growing demand for essential consumer goods including soaps, detergents and beauty and personal care products worldwide, to the growing preference for sustainable and environmentally friendly raw materials and the increasing use of chemicals and advanced products. raw materials in sectors such as agriculture, food and beverage, building and construction, automotive, packaging and manufacturing industries. Other major factors driving the growth of this industry are rising levels of pollution, increased environmental awareness, increasing use of chemicals and technologically advanced materials, and growing demand for materials. organic.

The main participants are Akzo Nobel NV, The Sherwin Williams Company, PPG Industries, DowDupont, Dura Coat Products Inc., The Lubrizol Corporation, Davis-Standard LLC Qenos Pty Ltd., Optimum Plastics, Transcendia, Borealis AG, Chevron Phillips Chemical Company, Westlake Chemical Corporation, LyondellBasell Industries Holdings BV, Celanese Corporation, and SABIC, among others.

Other key findings from the report suggest

The market is segmented on the basis of resin type low density polyethylene (LDPE), high density polyethylene (HDPE), ethylene vinyl acetate (EVA), ethylene butyl acrylate (EBA), polypropylene , polyethylene and terephthalate.
LDPE dominated the resin segment in 2020 and is expected to grow by 4.1% over the forecast period.
The high melt strength, toughness and flexibility of LDPE resin make them suitable for a range of applications such as food packaging, light to heavy duty bag packaging and textile packaging.
The market is segmented on the basis of process into extruder, die, air gap, pinch assembly and chill roll, edge trimming, winding and winding, and co-extrusion equipment.
The market is segmented on the basis of paper and board substrate, polymer film, aluminum foil and others.
The market is segmented on the basis of applications into liquid packaging, flexible packaging, photographic film, transport packaging, mill and industrial packaging, bag liners, pharmaceutical packaging, and personal care and cosmetic packaging .
Paper and board dominated the substrates segment in 2020 and is expected to grow at a CAGR of 4.7% over the forecast period, owing to their recyclability, low cost and environmental friendliness .
Liquid packaging dominated the segment, accounting for around 40% of the market.
The predominance is due to the widespread application of these coatings in liquid packaging by the food and beverage industry, to prevent leakage or contamination of the liquid.
The market is segmented on the basis of geography by North America, Europe, Asia-Pacific, Latin America and MEA.
Asia-Pacific, primarily driven by China, India, Japan, South Korea, and Indonesia, is expected to dominate the market throughout the forecast period, with a CAGR of 4 .9% over the forecast period, due to demand in the food and beverage industry for food packaging.
Companies have adopted various strategies including mergers, acquisitions, and partnerships to organize ongoing trials and bring new developments to the market.

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For the purposes of this report, the reports and data have segmented the global extrusion coatings market on the basis of resin type, process, substrate, application and region:

Outlook Resin Type
Low density polyethylene (LDPE)
High Density Polyethylene (HDPE)
Ethylene vinyl acetate (EVA)
Ethylene Butyl Acrylate (EBA)
Polypropylene
Polyethylene terephthalate

Prospects of the substrate
Paper and cardboard
Polymer film
Aluminum foil
Others

Application Insights
liquid packaging
Soft packaging
photographic film
Transport packaging
Mills and industrial packaging
bag liner
Pharmaceutical packaging
Personal care and cosmetic packaging

Regional perspectives
North America
Europe
Asia Pacific
Latin America
AEM

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