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The global extrusion coating market size was US$ 5.1 billion in 2021. The global extrusion coating market is forecast to grow to US$ 8.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
Extrusion Coating Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Quadintel, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Extrusion Coating Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Extrusion coating is widely used to safeguard end products against moisture, fog, cracks, dust, temperature fluctuations, etc. The extrusion coating is created by extruding melted polymer on the existing film as it passes through the calendar rolls. The extrusion coating industry provides many substrates for a variety of packaging without any physical modification to the final goods. Substrates with extrusion coatings, such as metallic foil, polymer, cardboard, and woven or non-woven fabrics, are commonly used for packaging. Extrusion coatings are expected to be an excellent alternative to aseptic flexible bricks and will thus continue to be popular around the world.
The wide applications of extrusion coating in the food and beverage sector will primarily drive the growth of the global extrusion coating market. In addition to that, the market may witness favorable growth opportunities due to the rapidly growing population, rising disposable income, and growing awareness related to health.
Raising demand for low-calorie, gluten-free, lactose-free, and sugar-free products will also be opportunistic for the extrusion coating market. Further, the wide applications of extrusion coating across the packaging sector will drive the extrusion coating market forward. Other factors, such as the growing use of extrusion coating in the medical, pharmaceutical, and industrial sectors, will benefit the market. In addition to that, the benefits of extrusion coating, such as consumer-friendliness, long shelf life, and green packaging, will accelerate the growth of the market.
The Asia-Pacific extrusion coating market is forecast to record a substantial growth rate due to the presence of a number of emerging economies in the region, including China, Japan, India, and South Korea. Further, massive government spending on food safety, health, and hygiene will be opportunistic for the industry players in the market. Growing disposable income and price deflation will be significant factors bringing a boom in the growth of the extrusion coating market.
North America will also have a significant impact on the extrusion coating market due to the rising demand for ready-to-eat meals and ready-to-drink beverages in the region. Further, growing healthcare industries will also contribute to the growth of the extrusion coating market.
In the wake of the COVID-19 pandemic, the healthcare and food & beverage segment registered a substantial jump in terms of revenue. As a result, it positively influenced the growth of the extrusion coating market. Moreover, the packaging industry also recorded high growth, which contributed to the extrusion coating market.
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Competitors in the Market Akzo Nobel NV Borealis AG Celanese Corporation Chevron Phillips Chemical Company Davis Standard DuPont de Nemours, Inc. Dura Coat Products Inc. LyondellBasell Industries Holdings BV Optimum Plastics PPG Industries Qenos Pty Ltd SABIC The Lubrizol Corporation Other Prominent Players
Market Segmentation The global extrusion coating market segmentation focuses on Material, Substrate, Application, and Region.
By Material Type: Low-density polyethylene (LDPE) Ethylene-vinyl acetate (EVA) Polypropylene (PP)
By Substrate: Paper and Paperboard Polymer Film Aluminum Foil
By Application: Liquid Packaging Flexible Packaging Commercial Photographic
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By Region ? North America o The U.S. o Canada o Mexico ? Europe ? Western Europe o The UK o Germany o France o Italy o Spain o Rest of Western Europe ? Eastern Europe o Poland o Russia o Rest of Eastern Europe ? Asia Pacific o China o India o Japan o Australia & New Zealand o ASEAN o Rest of Asia Pacific ? Middle East & Africa (MEA) o UAE o Saudi Arabia o South Africa o Rest of MEA ? South America o Brazil o Argentina o Rest of South Ame
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Key Questions Answered in the Market Report
• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? • What is the outlook for the impact market during the forecast period 2021-2030? • What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? • What is the end user perception toward? • How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? • What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? • What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? • What are the key strategies adopted by companies in the impact market? • What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? • What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? • Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? • Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? • Which are the key players in the impact market?
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