Market Research Report
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.
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.
The extrusion coatings is segmented by material type, substrate, application and geography
Extrusion Coatings Market by Material Type
Based on resin type, the extrusion coatings market is segmented into 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 2018, 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.
Extrusion Coatings Market by Substrate
The substrates studied in the report are 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.
Extrusion Coatings Market by Application
By application, the extrusion coatings market is segmented into 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 by Geography
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 2018. 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.
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
Download sample report…
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. Polyester is the most broadly used products in the industry, as it offers exceptional corrosion and weather resistance to the coated material in furthermost conditions. It is used for both internal and exterior products.
The metals studied in the report are steel, copper, aluminium, galfan and others. The steel segment accounted for the largest market share in 2018, owing to the significant increase in the demand in building and construction, appliance, automotive, and other end user industries.
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. Furthermore, the construction & building segment is classified into wall cladding, roofing, wall panels, ceiling and flooring panels. Moreover, the HVAC segment is further categorized into A/C, water heaters and furnaces. The furniture segment is sub segmented into metal furniture, file cabinets and partitions. Likewise, the transport segment is classified into van & trailer bodies, insulated boxes and road & railway coaches
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:
616 Corporate Way, Suite 2-4268
Valley Cottage, NY 10989
Telephone: +1 (845) 875-9786
Telephone: +44 (0) 20 3286 9707
Food Waste Management Market by Trend, Type, Industry Assessment Report 2020 to 2025 https://t.co/3TmC4lNNVU via @openPR
Global Personalized Nutrition Market was valued at USD 7.2 billion in 2018 and is estimated to reach USD 11.5 billion by 2025, growing at a CAGR of 7.03% from 2020 to 2025.
Global Chemical Peels Market Drivers and Outlook 2020, Forecast Up to 2025 https://t.co/CzlpW6G75R via @openPR