Introduction
The
extrusion of resin at a temperature up to 320°C from a slot die is known as
extrusion coating. Extrusion coating involves application of a melted
synthetic resin on a substrate. It is used in several applications such as
paperboard, aluminum foil, plastic films, fiberboard, cellulose and non-woven.
Extrusion coatings are cost-efficient and cover a wide range of applications in
industries such as packaging, construction, and consumer products.
Market Dynamics
The
global extrusion coating market is growing at a significant pace owing to the
growth in demand from packaging industry. Moreover, the rise in demand from
emerging economies of Asia-Pacific such as India, China, Malaysia, Taiwan and
Indonesia drives the market for extrusion coating. Also the growing demand from
food industry is equally driving the market growth. However, the use of
bio-based polymers instead of extrusion coating process across various
industries hampers the growth of market. The market for extrusion coatings
faces major challenges owing to the government policies regarding emission of
carbon during the process. Asia-Pacific offers huge growth opportunity for
extrusion coating market. Rapidly increasing packaging, construction and
photographic industry are likely to drive the market for extrusion coating.
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Market Classification and Overview
The
Global Extrusion Coating Market can be segmented based on material type,
substrate, application, end-use industry, and region. Low density polyethylene,
ethylene vinyl acetate, polypropylene, polyethylene and terephthalate are the
different material types in the extrusion coating market. Low density
polyethylene segment dominated the extrusion coating market in 2015 as it can
be processed easily, and offers excellent optical characteristics. It offers
barrier from moisture and sealability characteristics. Moreover, the low
density polyethylene type is recyclable, which add to an extra advantage for
its use. Also the increased use of low density polyethylene across industries
such as consumer goods, construction, medical and automotive drives the market
for low density polyethylene in the extrusion coating market. Based on
substrate, the market for extrusion coating is segmented into paperboard,
papers, films, aluminum foil and polymers. Liquid packaging,
commercial packaging, photographic and flexible packaging are the various
applications of extrusion coating market. Liquid packaging was the largest
application segment of extrusion coating market. Extrusion coating is used in
bag-in-box bottles, stand-up pouches and caps & closures in the liquid
packaging application. Flexible packaging is projected to witness highest
growth during the forecast period. The flexible packaging application is used
in food processing industry as it offers advantages such as longer shelf life,
capable of retaining freshness of products, green packaging, less cost, and
consumer friendly. Automotive, building & construction, consumer goods,
transportation and medical are the various industries that use extrusion coating
process.
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Regional Overview
The
market for extrusion coating is segmented into regions such as North America,
Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA).
Asia-Pacific was the largest market for the use of extrusion coatings in 2015.
The major countries driving the market growth in the region were India, China,
South Korea, Malaysia, and Indonesia. The growing construction, packaging,
consumer goods and medical industry in the region are expected to drive the
market for extrusion coating in coming years. China is projected to be the
fastest growing market for extrusion coating during the forecast period.
Report Coverage
|
Market |
Extrusion Coating Market |
|
Analysis Period |
2014
– 2024 |
|
Historic Data |
2014
– 2015 |
|
Base Year |
2016 |
|
Forecast Data |
2017
– 2024 |
|
Market Stratification |
Material
Type, Substrate, Application, End Use Industry, Geography |
|
Regional Scope |
North
America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA) |
|
Report Coverage |
Market
Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive
Analysis, Player Profiling, Value Chain Analysis |
Market Participants
Some
of the key players in the global extrusion coating market include AkzoNobel
N.V., Eastman Chemical Company, Borealis AG, Exxon Mobil Corporation, Novus
Packaging Inc., The Dow Chemical Company, Bobst Group SA, and Mondi Plc among
others. These companies are focusing on key market strategies such as mergers
and acquisitions with local as well as established players. Moreover, companies
are also focusing on R&D of new products with low carbon emission owing to
the government policy regarding lowering of VOC content which causes global
warming.
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Market Segmentation
Market By Material Type
·
Low density polyethylene
·
Ethylene vinyl acetate
·
Polypropylene
·
Polyethylene
·
Terephthalate
Market By Substrate
·
Paperboard
·
Papers
·
Films
·
Aluminum foil
·
Polymers
Market By Application
·
Liquid packaging
o
Bag-in-box bottles
o
Stand-up pouches
o
Caps & closures
·
Commercial packaging
·
Photographic
·
Flexible packaging
Market By End Use Industry
·
Automotive
·
Building & construction
·
Consumer goods
·
Transportation
·
Medical
Market By Geography
·
North America
o
US
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
o
France
o
Rest of Europe
·
Asia-Pacific
o
China
o
Japan
o
India
o
Australia
o
Rest of Asia-Pacific
·
Latin America
o
Brazil
o
Rest of Latin America
·
Middle East and Africa (MEA)
o
South Africa
o
Saudi Arabia
o
Rest of MEA
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