Authored By: Sarah
11 Jul 2024

 Extrusion Coatings Market Size to grow by USD 1297.2 million between 2024-2028

According to a research report “ Extrusion Coatings Market” by Material (Polyethylene, Ethylene Vinyl Acetate, Ethylene Butyl Acrylate, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1297.2 million, at a CAGR of  4.5% during the forecast period. In the global extrusion coating market, a notable sector is the application in flexible packaging for various food products, including bakery items, dairy, frozen foods, meat and poultry, confectionery, and cookies. Flexible packaging offers advantages such as lower production costs, consumer convenience, extended product shelf life, and environmental sustainability. Key attributes for liquid food packaging include design versatility, printability, aesthetic appeal, and sustainability. Extrusion coatings provide benefits like temperature resistance, abrasion resistance, grease resistance, lower coefficient of friction, and slower water vapor transfer, enhancing the functionality and effectiveness of flexible packaging in the food industry.

Browse market data tables, figures, and in-depth TOC on “Extrusion Coatings Market” by Material (Polyethylene, Ethylene Vinyl Acetate, Ethylene Butyl Acrylate, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Material, the Polyethylene segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

The Extrusion Coatings Market represents a significant business opportunity for manufacturers, offering innovative solutions for enhancing the functionality and aesthetics of various products. These coatings, applied through an extrusion process, provide protective barriers against environmental elements, improve product durability, and add visual appeal. Key market drivers include increasing demand for sustainable packaging, growth in the construction industry, and advancements in coating technologies. Companies in this sector must stay abreast of industry trends and invest in research and development to maintain a competitive edge.

APAC is forecasted to hold the largest market size by region in 2024

The extrusion coatings market witnesses significant growth due to the increasing demand for high-performance and functional coatings in various industries. These coatings offer advantages such as improved product aesthetics, enhanced protection, and extended shelf life. Key end-use sectors driving market expansion include food and beverage, packaging, and building and construction. Innovative technologies and sustainable solutions are also fueling market growth.

The Extrusion Coatings Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Akzo Nobel NV
  • Arkema Group.
  • Borealis AG
  • Chevron Phillips Chemical Co. LLC
  • Davis Standard LLC
  • Dow Chemical Co.
  • DuPont de Nemours Inc.
  • Eastman Chemical Co.
  • Exxon Mobil Corp.
  • Formosa Plastics Corp.
  • Hanwha Corp.
  • INEOS AG
  • Lucobit AG
  • LyondellBasell Industries N.V.
  • NOVA Chemicals Corp.
  • Qenos Pty Ltd.
  • Reliance Industries Ltd.
  • Repsol SA
  • Saudi Basic Industries Corp.
  • The Lubrizol Corp.
.

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Research Analysis Overview

Extrusion coating is a process that applies a thin, continuous layer of liquids, such as polymers, onto a substrate using an extruder. This protective or decorative covering enhances the surface of various materials, including paper and paperboard, medical and pharmaceutical products, building and construction materials, and automotive components. The coatings provide excellent barrier properties against moisture, gases, and other environmental factors, ensuring the preservation of contents in the packaging sector. The finish and gloss of the extrusion coating can be customized to meet specific requirements. For instance, LDPE and Ethylene Vinyl Acetate (EVA) are commonly used for their clarity and sealability properties in flexible packaging, while Polyethylene Terephthalate (PET), Polypropylene (PP), Polyethylene (PE), and Ethylene Butyl Acrylate (EBA) are preferred for their weather ability and rigidity in various applications. Extrusion coating materials include LDPE, Liquid Packaging, Metal Foils, Polymer Films, Paperboard and Cardboard, PET, PP, EBA, and Ethylene Vinyl Acetate. These coatings offer significant benefits in various industries, including the packaging sector, where they contribute to the production of high-quality, durable, and protective packaging solutions.

Market Research Overview

The Extrusion Coatings market encompasses a wide range of applications in various industries, including consumer goods, imaging, electronics, healthcare sectors, reconstruction activities, and more. Extrusion coatings are used to provide protective and decorative coverings for substrates such as paper and paperboard, aluminum foils, corrugated fiberboards, and plastic films. In the consumer goods sector, extrusion coatings are used for food and beverages packaging, offering superior properties like moisture barrier, sealability, and grease resistance. In the healthcare sector, medical and pharmaceutical packaging require high-performance coatings for barrier properties against harmful chemicals, gases and vapors, and liquids. The infrastructure investment and construction sector use extrusion coatings for transport-specific packaging, offering resistance to abrasion, temperature, and weatherability. The imaging industry relies on extrusion coatings for photographic films, requiring clarity, finish, gloss, and printability. Extrusion coatings are also used in industrial packaging for various applications, including liquids, metal foils, polymer films, and paperboard and cardboard. Polymer resins like LDPE, PET, PP, EVA, EBA, and PVC are commonly used as extrusion coating materials, providing superior properties like adhesion, coefficient of friction, and resistance to various factors. Environment-friendly and biodegradable extrusion coating materials are gaining popularity due to their sustainability and reduced carbon footprint. The market for extrusion coatings is expected to grow significantly in the coming years, driven by increasing demand for superior properties, design flexibility, and the need for protective and decorative coverings in various industries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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