Global Extrusion Coating Market: Snapshot
The global market for extrusion coating is gaining traction from a number factors, such as increasing use of extrusion coating in numerous packaging applications, prosperity of the food and beverages industry, growing demand from emerging economies in Asia Pacific and the Middle East and Africa, continuous merger and acquisition, and development of new products by diverse companies. On the other hand, although the demand is expected to continue flowing in throughout the forecast period of 2017 to 2025, substitutes such as bio-based polymers and increasing carbon footprint are posing considerable challenge to the development of the market for extrusion coating. The use of some of the common polymers such as EVA, LDPE, PET, and PP can generates harmful by-products.
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This report on the global extrusion coating market provides quantitative and qualitative analysis of all factors that may influence the demand in the near future, as well as catching some of the latest trends that may open new opportunities for the early birds. The report segments the market into smaller aspects to gauge their potential, highlights the most lucrative regions as well as countries, and profiles a number of leading companies in order to understand the existent competitive landscape of the global extrusion coating market. The report has been prepared using proven research methodologies and aspires to serve as a credible document to the targeted audiences such as extrusion coating manufacturers, traders and distributors of extrusion coating materials and products, end-use entities connected to the different segments and aspects of the market, government and research organization, environment support agencies, investment banks, and private equity firms.
Global Extrusion Coating Market: Overview
The world market for extrusion coating is forecasted to gain impetus from the soaring count of packaging applications in a diverse scope of end-use sectors. On a global platform, liquid packaging is prophesied to be a larger extrusion coating segment in terms of application. It finds application in the packaging of goods such as household cleaning products, spirits and wines, and beverages and liquids. Out of the miscellaneous forms of liquid packaging available to this day, stand-up pouches, caps and closures, bottles, and bag-in-boxes are the most prominent.
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The eminent areas of segmentation of the global extrusion coating market include application and type of material. These critical segmentation areas are further segmented and analyzed while considering the volume and value forecasts.
All the reports published by TMR Research can be tailor-made as per the demands of the buyers. Our analysts have procured the vital findings of the world extrusion coating market while taking into consideration a wide compass of target audiences, including manufacturers, distributors, and investment and equity firms. The report authors have assessed different elements to carefully draw the competitive landscape of the global market.
Global Extrusion Coating Market: Trends and Opportunities
With a moderate CAGR, the international extrusion coating market is expected to reach an admirable figure in terms of both value and volume. A number of activities performed by different players in the industry in relation to new product development apart from their acquisitions and mergers are prognosticated to encourage a tangible growth in the global market. The packaging sphere is foreseen to significantly contribute for the dilation of the market growth. One of the reasons for this is the driving demand for the process of extrusion coating and their application in various packaging procedures.
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For the forecast period, low density polyethylene (LDPE) is anticipated to stand as a dominating segment by material type in the global extrusion coating market. LDPE finds vigorous applications in a gamut of packaging domains such as commercial, flexible, and liquid. Preferable sealability properties and excellent moisture barrier are some of the astounding characteristics of LDPE that have given it much importance in the packaging sector. LDPE is anticipated to help the world market reach great heights of success on the back of its elevating number of applications. These applications belong to a range of end-use sectors such as pharmaceutical and medical, construction and building, and automotive, not just packaging.
Global Extrusion Coating Market: Regional Outlook
Until the end of the forecast period, the Asia Pacific region is foretold to demonstrate supremacy in the international extrusion coating market. The food and beverage sector of developing countries such as Indonesia, Malaysia, South Korea, Japan, India, and China is witnessing a strong growth in the packaging domain. This has resulted into the extensive usage of extrusion coating in Asia Pacific. Besides this, the aggravating strength of the Asia Pacific population and aggressive economic growth in the region have upgraded the maturation of the global market. For the forecast years, China is predicted to be a faster rising market in the developing region.
Some of the regional markets associated with the global extrusion coating industry could suffer because of the pernicious by-products generated with the employment of certain polymer resins such as polyethylene terephthalate (PET), polypropylene (PP), ethylene-vinyl acetate (EVA), and LDPE. These polymers are mostly used during the process of extrusion coating. However, the towering growth opportunities birthed in emerging countries of the Middle East and Africa and Asia Pacific are envisaged to dilute the effect of the restraint. Moreover, the increasing number of applications in various innovative forms of packaging such as liquid packaging is envisioned to offer good opportunities in the long run.
Global Extrusion Coating Market: Companies Mentioned
Companies such as Bobst Group SA, Exxon Mobil Corporation, Mondi Plc., AkzoNobel N.V., and The Dow Chemical Company are profiled to possibly have taken to different strategies for securing their share in the global extrusion coating market. In this regard, new product launches, mergers, and expansions could be the go-to inorganic and organic schemes adopted by the top industry players for a substantial advancement.