New York, NY -- (SBWIRE) -- 12/28/2020 -- The extrusion coatings market is set to attain a valuation of USD 6.59 billion by 2027, registering a CAGR of 4.4%, according to the latest report by Reports and Data. The applications of extrusion coatings are widespread in several industries including liquid packaging, flexible packaging, transport packaging, pharmaceutical packaging, photographic film, mills and industrial sack lining, wrapping, and personal care & cosmetic packaging.

The increasing demand from packaging industries and popularity of additive manufacturing process is the major factor influencing market growth. The Global Extrusion Coatings Market size is expected to surpass USD 6.59 Billion by 2027 from USD 4.63 Billion in 2019, delivering a CAGR of 4.4%, according to a new report by Reports and Data.

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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, among others.

Market Drivers 

The major driving force for the development of the extrusion coatings market is the increasing popularity of additive manufacturing process, technologies, rising demand for moisture and grease resistance, an increase of environment-friendly coating and water vapour, oxygen, and aroma barrier packaging. The government policies and regulations for environment-friendly packaging is the boost to the market. Some of the prominent players in the market are The Sherwin Williams Company, PPG Industries, DowDupont, Akzo Nobel N.V., Optimum Plastics, and Dura Coat Products Inc.

By Resin Type (Revenue, USD Billion; 2017-2027)

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

By Process (Revenue, USD Billion; 2017-2027)

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

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By Substrate (Revenue, USD Billion; 2017-2027)

Paper & Paperboard
Polymer Film
Aluminum Foil
Others

By Application (Revenue, USD Billion; 2017-2027)

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

Regional Analysis

According to reports, the Asia Pacific region may witness high growth in the extrusion coatings markets globally over the forecast period. This is due to the rapid economic growth, and increasing population, changing buying behaviour, particularly in China. North America may also witness significant growth due to an increased demand for packaged food products.

The report covers the following regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Questions Addressed in the Report:

Who are the prominent players of the Extrusion Coatings market?
What is the expected growth rate of the Extrusion Coatings market for the forecast timeline?
What are the recent mergers and acquisitions the industry has witnessed?
What are the key factors likely to drive or impede the growth of the market over the projected timeline?
What regions and segments are anticipated to show promising growth over the coming years?

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