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Extrusion Coating Market worth 5.64 Billion USD by 2022


News provided by

MarketsandMarkets

12 Oct, 2017, 11:30 GMT

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PUNE, India, October 12, 2017 /PRNewswire/ --

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The report "Extrusion Coating Market by Material Type (LDPE, EVA, PP), Substrate (Paper & Paperboard, Polymer Films, Aluminum Foil), and Region - Global Forecast to 2022" published by MarketsandMarkets™, the market was valued at USD 4.10 Billion in 2016 and is projected to reach USD 5.64 Billion by 2022, at a CAGR of 5.5% during the forecast period. In this study, 2016 has been considered as the base year and 2017 to 2022 as the forecast period for estimating the market size for extrusion coating. The growth of the Extrusion Coating Market across the globe is fueled by the high demand from the packaging industry and increasing global demand for extrusion coatings in Asia Pacific, South America, and Middle East & Africa region.

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Browse 134 Market Data Tables and 39 Figures spread through 158 Pages and in-depth TOC on "Extrusion Coating Market"

http://www.marketsandmarkets.com/Market-Reports/extrusion-coating-market-257330090.html
Early buyers will receive 10% customization on this report

LDPE is the largest segment of the Extrusion Coating Market and is projected to grow at the highest CAGR from 2017 to 2022. 

LDPE is of great importance due to its easy processing, higher melt strength, and superior optical properties in comparison with linear polyethylene. It has a good moisture barrier and sealability properties and hence is used in applications such as liquid packaging, food packaging, folding carton, and others. It is resistant to impact, moisture, chemicals, and is recyclable. LDPE is the largest and fastest-growing type segment of polymers used in the Extrusion Coating Market. The growing application of LDPE in various end-use industries such as packaging, automotive, building & construction, medical & pharmaceutical, consumer goods, and others is expected to drive the Extrusion Coating Market in the coming future.

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Among substrates, the paper & paperboard segment is projected to lead the Extrusion Coating Market from 2017 to 2022. 

Paper & paperboard is the largest substrate segment. This is due to the superior properties of paperboard such as lightweight, recyclability, low cost, and environment-friendliness. Paper & paperboard is used for packaging various food items such as snacks, vegetables, and others. These factors are expected to drive the growth of the paper & paperboard segment.

The Asia Pacific region is the largest market for extrusion coating across the globe. 

Asia Pacific is the global forerunner in the Extrusion Coating Market, in terms of value and volume, and this trend is expected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, and Indonesia are witnessing significant increase in the use of extrusion coatings in the packaging segment of the food & beverages industry. The growth of the Asia Pacific Extrusion Coating Market is also attributed to the rapid economic growth and increasing population that is driving the demand for extrusion coating materials from various end-use industries in this region. China is the fastest-growing market and this trend is estimated to continue till 2022.

There are a few global players operating in the Extrusion Coating Market. These companies are actively investing in various strategies, such as expansions, new product launches, mergers & acquisitions, and joint ventures to increase their market shares to further strengthen their position in the Extrusion Coating Market. Dow Chemical (US), Exxon Mobil (US), Borealis AG (Austria), Celanese Corporation (US), Chevron Phillips (US), DuPont (US), LyondellBasell Industries Holdings B.V. (US), Qenos Pty. Ltd. (Australia), and SABIC (Saudi Arabia) are the leading players in the Extrusion Coating Market who have adopted various organic and inorganic strategies to ensure their growth in this market.

Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=257330090

Browse Related Reports 

Ethylene Vinyl Acetate Market by Type (VLEVA, LEVA, MEVA and HEVA), by End-Use Industry (Footwear & Foam, Packaging, Agriculture, Photovoltaic Panels, Pharmaceutical, and Others), by Region - Trends & Forecasts to 2020

http://www.marketsandmarkets.com/Market-Reports/ethylene-vinyl-acetate-market-188576603.html

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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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