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Global Extrusion Coatings Market - Segmented by Material, Substrate, Application, and Geography - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-13104727 | Publishing Date : 01-Sep-2018 | No. of pages : 105
The market for extrusion coatings is expected to register a significant growth during the forecast period, 2018 to 2023. This significant growth is primarily driven by the growing demand from global food & beverage industry, especially from Asia-Pacific region.
Increasing Usage in Food & Beverage Industry
In food & beverage industry, extrusion coatings offers a great set of advantages from keeping the food fresh (by preventing entry of oxygen) for a long time to give a glossy and attractive appearance to the final product. For dry foods, the usage of extrusion coatings is not to that extent, but in moist and greasy foods’ packaging, these coatings plays a vital role in protecting the aesthetic beauty and degradation of the product. Such ability of these resin-based coatings has increased their demand in food & beverage industry in recent years. The overall sales of packaged food has been increasing with the growth in the incomes of middle-class population globally especially in the Asia-Pacific region. This growth in the sales of packaged food is driving the market for extrusion coatings.
Liquid Packaging to be the Largest Application
Liquid packaging application accounted the largest market share in global extrusion coatings' market by application in 2017. Liquid packaging involves in applications used for both short and long shelf life products (dairy as well as non-dairy). Packaging of liquid foods demand design flexibility, printability, looks and feel, sustainability, among other features. Certain advantages with the usage of extrusion coatings for liquid packaging include temperature resistance, abrasion resistance, grease resistance, lowered coefficient of resistance, reduced water vapor transfer rate, etc.
Asia-Pacific to Dominate the Market
Asia-Pacific represented the largest regional market for global extrusion coatings market in 2017. The major countries responsible for the consumption of extrusion coatings in the region include China, India and ASEAN countries. There is an ongoing growth in the economy and the disposable incomes among the population in the region which is increasing the demand for extrusion coated materials. Among all the countries in the region, China’s market is expected to witness the highest CAGR during the forecast period.
Major Players: Borealis AG, Davis-Standard LLC, Chevron Phillips Chemical Company, LyondellBasell Industries Holdings B.V., etc. among others.
Reasons to Purchase this Report
Identify the current and future prospects of the global extrusion coatings market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Information about the growth of the various applications that are expected to dominate the market
Regional and country analysis of the market
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Increasing Usage in Food & Beverage Industry
In food & beverage industry, extrusion coatings offers a great set of advantages from keeping the food fresh (by preventing entry of oxygen) for a long time to give a glossy and attractive appearance to the final product. For dry foods, the usage of extrusion coatings is not to that extent, but in moist and greasy foods’ packaging, these coatings plays a vital role in protecting the aesthetic beauty and degradation of the product. Such ability of these resin-based coatings has increased their demand in food & beverage industry in recent years. The overall sales of packaged food has been increasing with the growth in the incomes of middle-class population globally especially in the Asia-Pacific region. This growth in the sales of packaged food is driving the market for extrusion coatings.
Liquid Packaging to be the Largest Application
Liquid packaging application accounted the largest market share in global extrusion coatings' market by application in 2017. Liquid packaging involves in applications used for both short and long shelf life products (dairy as well as non-dairy). Packaging of liquid foods demand design flexibility, printability, looks and feel, sustainability, among other features. Certain advantages with the usage of extrusion coatings for liquid packaging include temperature resistance, abrasion resistance, grease resistance, lowered coefficient of resistance, reduced water vapor transfer rate, etc.
Asia-Pacific to Dominate the Market
Asia-Pacific represented the largest regional market for global extrusion coatings market in 2017. The major countries responsible for the consumption of extrusion coatings in the region include China, India and ASEAN countries. There is an ongoing growth in the economy and the disposable incomes among the population in the region which is increasing the demand for extrusion coated materials. Among all the countries in the region, China’s market is expected to witness the highest CAGR during the forecast period.
Major Players: Borealis AG, Davis-Standard LLC, Chevron Phillips Chemical Company, LyondellBasell Industries Holdings B.V., etc. among others.
Reasons to Purchase this Report
Identify the current and future prospects of the global extrusion coatings market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Information about the growth of the various applications that are expected to dominate the market
Regional and country analysis of the market
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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