The global extrusion coatings market is expected to reach USD 6.32 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing demand from packaging industries and popularity of additive manufacturing process.

Extrusion coating process is used for a range of applications including liquid packaging, aseptic drink containers, flexible packaging, toothpaste tubes, medical packaging, industrial wraps, insulation backed materials, and plastic coated tablecloths, as well as sacks for products as diverse as cement, cereal grain, and dry chemicals.

Extrusion coatings also present a blend of substrates, which when once combined, would be challenging to separate. The blended substrate obtains excellent enhanced physical properties and barrier protection performance from its component elements.

Fluctuating costs of raw materials and high costs as compared to other coating materials are the factors hindering the growth of the market.

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Key participants include:

• Akzo Nobel N.V.
• 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 B.V.
• Celanese Corporation and SABIC

Further 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 2018 and is forecasted to have a growth of 4.1% during the forecast period.
• LDPE resin’s high melt strength, toughness and flexibility, makes 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, nip assembly and chill roll, edge trimming, reeling and wind-up equipment, and coextrusion.
• The market is segmented on the basis of substrate into paper & paperboard, polymer film, aluminum foil and others.
• Paper & paperboard dominated the substrate segment in 2018 and is forecasted to grow at a CAGR of 4.7% during the forecast period, due to its recyclability, low cost, and environment-friendliness.
• The market is segmented on the basis of applications into liquid packaging, flexible packaging, photographic film, transport packaging, mills and industrial wrapping, sack lining, pharmaceutical packaging, and personal care & cosmetic packaging.
• Liquid packaging dominated the segment, accounting for ~40% of the market.
• The dominance is due to the large-scale application of these coatings in liquid packaging by the food and beverage industry, to prevent any 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.
• The Asia Pacific region, mainly due to China, India, Japan, South Korea, and Indonesia, is forecasted to dominate the market throughout the forecast period, with a CAGR of 4.9% during the forecast period, due to the demand in the food & beverages industry for food packaging.
• The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.

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For the purpose of this report, Reports and Data have segmented global extrusion coatings Market on the basis of resin type, process, substrate, application, and region:

Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)

• Low Density Polyethylene (LDPE)
• High Density Polyethylene (HDPE)
• Ethylene Vinyl Acetate (EVA)
• Ethylene Butyl Acrylate (EBA)
• Polypropylene
• Polyethylene Terephthalate

Process Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)

• The Extruder
• The Die
• The Air Gap
• Nip Assembly and Chill Roll
• Edge Trimming
• Reeling and Wind-up Equipment
• Coextrusion

Substrate Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)

• Paper & Paperboard
• Polymer Film
• Aluminum Foil
• Others

Applications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)

• Liquid Packaging
• Flexible Packaging
• Photographic Film
• Transport Packaging
• Mills and Industrial Wrapping
• Sack Lining
• Pharmaceutical packaging
• Personal Care & Cosmetic Packaging

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Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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