Market Size of Extrusion Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Extrusion Coatings Market Analysis
Theextrusion coatings market is expected to record a CAGR of over 5% during the forecast period. The major factors driving the market studied are the increasing demand from the food and beverage industry, and the steady growth of the packaging industry.
- High costs, compared to other coatings, and the contribution to the carbon footprint are expected to hinder the growth of the market studied.
- The development of bio-based polymers as raw materialis likely to act as an opportunity in the future.
Extrusion Coatings Industry Segmentation
The global extrusion coatings market report includes:
| Material | |||||
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| Ethylene Vinyl Acetate (EVA) | |||||
| Ethylene Butyl Acrylate (EBA) | |||||
| Polypropylene | |||||
| Polyethylene Terephthalate | |||||
| Other Material |
| Substrate | |
| Paperboard and Cardboard | |
| Polymer Films | |
| Metal Foils | |
| Other Substrates |
| Application | |
| Liquid Packaging | |
| Flexible Packaging | |
| Medical Packaging | |
| Personal and Cosmetic Packaging | |
| Photographic Film | |
| Industrial Packaging/Wrapping | |
| Other Applications |
| Geography | ||||||||
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Extrusion Coatings Market Size Summary
The extrusion coatings market is poised for significant growth, driven primarily by increasing demand from the food and beverage sector and the steady expansion of the packaging industry. Despite challenges such as higher costs compared to alternative coatings and environmental concerns related to carbon emissions, the market is expected to benefit from the development of bio-based polymers. Liquid packaging applications dominate the market, offering features like temperature and abrasion resistance, which are essential for both dairy and non-dairy products. The personal care and cosmetics industries are also contributing to the rising demand for extrusion coatings, particularly in liquid packaging.
Regionally, Asia-Pacific stands out as the largest market for extrusion coatings, with China, India, and ASEAN countries leading in consumption. China's economic shift towards consumption and services, coupled with infrastructure investments, is boosting the demand for industrial packaging and, consequently, extrusion coatings. In India, the focus on becoming a major manufacturing hub and the growth of the food processing industry are driving the market's expansion. The market is characterized by fragmentation, with key players including LyondellBasell Industries Holdings BV, Celanese Corporation, DuPont de Nemours, Inc., THE SHERWIN-WILLIAMS COMPANY, and SABIC, all contributing to the competitive landscape.
Extrusion Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from Food and Beverage Industry
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1.1.2 Steady Growth of Packaging Industry
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 High Costs Compared to Other Coatings
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1.2.2 Contribution to Carbon Footprint
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Material
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2.1.1 Polyethylene
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2.1.1.1 Low Density Polyethylene (LDPE)
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2.1.1.2 High Density Polyethylene (HDPE)
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2.1.1.3 Other Polyethylenes (MDPE, LLDPE, etc.)
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2.1.2 Ethylene Vinyl Acetate (EVA)
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2.1.3 Ethylene Butyl Acrylate (EBA)
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2.1.4 Polypropylene
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2.1.5 Polyethylene Terephthalate
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2.1.6 Other Material
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2.2 Substrate
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2.2.1 Paperboard and Cardboard
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2.2.2 Polymer Films
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2.2.3 Metal Foils
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2.2.4 Other Substrates
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2.3 Application
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2.3.1 Liquid Packaging
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2.3.2 Flexible Packaging
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2.3.3 Medical Packaging
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2.3.4 Personal and Cosmetic Packaging
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2.3.5 Photographic Film
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2.3.6 Industrial Packaging/Wrapping
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2.3.7 Other Applications
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Russia
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2.4.3.6 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle East & Africa
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Extrusion Coatings Market Size FAQs
What is the current Extrusion Coatings Market size?
The Extrusion Coatings Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Extrusion Coatings Market?
LyondellBasell Industries Holdings BV, Celanese Corporation, DuPont de Nemours, Inc., THE SHERWIN-WILLIAMS COMPANY. and SABIC are the major companies operating in the Extrusion Coatings Market.
