Global Extrusion Coatings Market

Extrusion Coatings Market Size, Share, Growth Analysis, By Type(Polyethylene, Polypropylene), By Application(Packaging, Building & Construction) - Industry Forecast 2024-2031

Report ID: SQMIG15E2256 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

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Extrusion Coatings Market size was valued at USD 5.14 billion in 2021 and is poised to grow from USD 5.38 billion in 2022 to USD 7.77 billion by 2030, growing at a CAGR of 4.7% in the forecast period (2023-2030).

The extrusion coatings market is characterised by intense competition among various players operating in the industry. This market encompasses the production and application of extrusion coatings, which are polymer-based coatings applied to various substrates using the extrusion process. These coatings offer excellent barrier properties, durability, and adhesion, making them suitable for a wide range of applications. 'Dow Chemical Company (US)', 'ExxonMobil Corporation (US)', 'LyondellBasell Industries N.V. (Netherlands)', 'Borealis AG (Austria)', 'Arkema SA (France)', 'Chevron Phillips Chemical Company LLC (US)', 'Eastman Chemical Company (US)', 'SABIC (Saudi Arabia)', 'Braskem S.A. (Brazil)', 'INEOS Group Holdings S.A. (UK)', 'Mitsui Chemicals, Inc. (Japan)', 'Sumitomo Chemical Co., Ltd. (Japan)', 'Westlake Chemical Corporation (US)', 'NOVA Chemicals Corporation (Canada)', 'Reliance Industries Limited (India)', 'Formosa Plastics Corporation (Taiwan)', 'Solvay S.A. (Belgium)', 'DSM (Netherlands)', 'Toray Industries, Inc. (Japan)', 'Celanese Corporation (US)'

Extrusion coatings provide numerous benefits compared to traditional coating methods. They offer seamless coverage, superior adhesion, and exceptional protection against corrosion, chemicals, and UV radiation. These advantages make extrusion coatings highly favoured across industries like construction, automotive, and consumer goods.

Demand for Sustainable and Environmentally Friendly Solutions: As environmental concerns continue to gain prominence, there is a growing emphasis on developing coatings that minimise the impact on the environment. Manufacturers are investing in research and development to create extrusion coatings that are free from harmful substances and have low carbon footprints. This trend is driven by regulatory pressures and consumer preferences for eco-friendly products.

In the extrusion coatings market, the most dominant region is North America. North America has a well-established industrial base and a strong demand for extrusion coatings in various applications such as packaging, automotive, construction, and consumer goods. The region's advanced infrastructure, technological advancements, and stringent regulations regarding product quality and safety contribute to its dominance in the market.

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