With the emergence and long-term Impact of COVID-19, Global Extrusion Coating Market to reach USD XXX Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Extrusion Coating Market points towards a potential rise to USD XXX Million by 2030. Extrusion coating is a process used in the manufacturing industry to apply a thin layer of plastic or molten polymer onto a substrate material, typically paper, cardboard, or metal foil. This process is commonly used to improve the barrier properties, heat salability, and printability of the substrate material. The extrusion coating process involves feeding a polymer resin into an extruder, where it is melted and pressurized. The molten polymer is then extruded through a flat, slit-shaped die to form a continuous film.
This film is immediately applied to the moving substrate material, which is typically passed through a nip roll to ensure adhesion and control the coating thickness. One of the key factors fueling the expansion of the extrusion coating market is the rising demand for food and beverage products throughout the world. The expansion of the market is accelerated by the rise in the use of extrusion coating for flexible packaging of a variety of food products, including meat and poultry, dairy products, and other frozen goods. Additionally, the market for extrusion coating is positively impacted by research and development initiatives, consumer awareness in general, rising urbanization, and the incredible popularity of additive manufacturing processes globally.
Geographically, the global Extrusion Coating market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the presence of key market players, growing demand in food packaging industry, and rising flexible packaging market in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as growing packaging industry, increase in demand for extrusion coatings in different manufacturing facilities, and rising food packaging market in the region.
The global Extrusion Coating market is highly competitive owing to the presence of several key players such as 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) SABIC (Saudi Arabia) valspar corporation (US), and others.
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Key findings of the study suggest:
- Global Extrusion Coating Market is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030.
- In the Material Type segment, LDPE emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the presence of key market players, growing demand in food packaging industry, and rising flexible packaging market in the region.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Material Type:
- LDPE
- EVA
- PP
- Others
By Substrate:
- Paper & Paperboard
- Polymer Film
- Aluminum Foil
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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