The Extrusion Coating Market [158 pages report] was valued at USD 4.10 Billion in 2016 and is projected to reach USD 5.64 Billion by 2022, at a CAGR of 5.5% during the forecast period. In this study, 2016 has been considered as the base year and 2017 to 2022 as the forecast period for estimating the market size for extrusion coating.
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LDPE is projected to be the most-dominant material segment between 2017 and 2022. LDPE is of great importance due to its extraordinary characteristics such as good moisture barrier and sealability properties and hence is used in applications such as liquid packaging, flexible packaging, and others. The growing application of LDPE in various end-use industries such as packaging, automotive, building & construction, medical & pharmaceutical, and others is expected to drive the extrusion coating market in the future.
Paper & paperboard is the most used substrate in the extrusion coating market. This is due to the increased use of paper & paperboard for liquid packaging. The increasing demand for this substrate is due to its superior properties. It is environment-friendly and hence various countries are adopting it for food & beverage packaging.
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), and SABIC (Saudi Arabia) are the leading players in the Extrusion Coating Market who have adopted various organic and inorganic strategies to ensure their growth in this market.
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