USD 5.14 billion
Extrusion Coatings Market Size, Share, Growth Analysis, By Material Type (Low-Density Polyethylene (LDPE), Ethylene Vinyl Acetate (EVA)), By Substrate (Paper, Paperboard), By Application (Packaging, Photographic), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2256 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Extrusion Coatings Market Insights
Global Extrusion Coatings Market size was valued at USD 5.14 billion in 2022 and is poised to grow from USD 5.38 billion in 2023 to USD 7.77 billion by 2031, growing at a CAGR of 4.7% during the forecast period (2024-2031).
The global extrusion coatings market has been experiencing substantial growth in recent years, driven by increasing demand from various end-user industries. The market for extrusion coatings is characterised by technological advancements, expanding applications, and a competitive landscape. Extrusion coatings provide excellent barrier properties that protect the contents from moisture, gases, and other external factors, thus extending the shelf life of the packaged products. Additionally, the demand for eco-friendly and recyclable packaging solutions has further propelled the adoption of extrusion-coated materials, which are increasingly replacing traditional packaging materials. The construction industry is another significant contributor to the growth of the extrusion coatings market. Extrusion-coated materials are widely used in roofing, wall cladding, and insulation applications due to their weather resistance, UV stability, and durability. The construction sector's ongoing infrastructure developments in emerging economies have increased the consumption of extrusion-coated materials for various architectural and building purposes.The steady growth of the automotive sector, especially in developing regions, has further bolstered the demand for extrusion-coated materials.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Polyethylene
Fastest Growth
Polyethylene
Growth Rate
4.7% CAGR
Global Extrusion Coatings Market ($ Bn)
Country Share for North America Region (%)
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Extrusion Coatings Market Segmental Analysis
Global Extrusion Coatings Market is segmented by material type, substrate, application and region. Based on material type, the market is segmented into low-density polyethylene (LDPE), ethylene vinyl acetate (EVA), polypropylene (PP), polyethylene terephthalate (PET) and other material types. Based on substrate, the market is segmented into paper, paperboard, aluminum foils, polymer films and other substrates. Based on application, the market is segmented into packaging, photographic and other applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Extrusion Coatings Market Analysis by Type
In the global extrusion coatings market, among the types of Polyethylene, Polypropylene, and Ethylene Vinyl Acetate (EVA), the dominant type is Polyethylene. Polyethylene-based extrusion coatings have been widely used across various industries due to their excellent barrier properties, good adhesion, and resistance to moisture and chemicals. They are commonly employed in applications such as food packaging, liquid packaging, and industrial coatings.
On the other hand, the fastest-growing type in the global extrusion coatings market is Ethylene Vinyl Acetate (EVA). EVA-based extrusion coatings have gained significant traction in recent years due to their versatility and superior performance characteristics. EVA coatings offer excellent adhesion to various substrates, flexibility, low-temperature sealability, and enhanced impact resistance. These properties make them suitable for applications such as flexible packaging, automotive interior components, and solar panel encapsulation.
Extrusion Coatings Market Analysis by Application
The Packaging sector holds a significant share in the market due to the high demand for extrusion-coated materials in various packaging applications. Extrusion coatings are widely used to provide barrier properties, heat sealability, and protection against moisture, gases, and light for packaging materials such as flexible films, laminates, and paperboards.
On the other hand, the fastest-growing type in the global extrusion coatings market is the Building & Construction sector. The Building & Construction industry has been witnessing robust growth, driven by rapid urbanisation, infrastructure development, and increasing construction activities worldwide. Extrusion-coated materials find extensive applications in this sector, including roofing, wall cladding, insulation, waterproofing, and vapour barriers. The demand for extrusion coatings in the Building & Construction segment is expected to grow significantly due to the need for durable, weather-resistant, and energy-efficient construction materials.
Global Extrusion Coatings Market By Type
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Extrusion Coatings Market Regional Insights
In the global 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.
As for the fastest-growing region, Asia Pacific holds the leading position. The region is experiencing rapid industrialization, urbanisation, and economic growth, which have led to increased manufacturing activities and the demand for extrusion coatings. Countries like China, India, and Southeast Asian nations are witnessing significant growth in sectors such as packaging, construction, and automotive, thereby driving the demand for extrusion coatings. The rising population, expanding middle class, and changing consumer preferences in Asia Pacific contribute to the region's fast-paced growth in the market.
Global Extrusion Coatings Market By Geography
- Largest
- Fastest
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Extrusion Coatings Market Dynamics
Extrusion Coatings Market Drivers
Advantages over Traditional Coatings
- 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.
Extrusion Coatings Market Restraints
Competition from Alternative Coating Technologies
- The extrusion coatings market faces competition from alternative coating technologies, including lamination, solvent-based coatings, and water-based coatings. These alternative technologies provide similar functionalities and may be preferred in specific applications. The presence of these alternatives can impact the growth trajectory of the extrusion coatings market.
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Extrusion Coatings Market Competitive Landscape
The global 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.
Extrusion Coatings Market Top Player’s Company Profiles
- Dow Inc
- Celanese corporation
- Chevron phillips chemical company LLC
- Borealis ag
- Exxon mobil corporation
- Dupont
- Lyondellbasell industries holdings B.V.
- Qenos pty ltd
- INEOS group holdings S.A.
- Sabic
- Westlake corporation
- SCG chemicals public company limited
- Eastman chemical company
- SK functional polymer
- BASF SE
- Holland manufacturing company
- Reliance industries limited
- LG chem
- Carmel olefins ltd.
- Braskem
Extrusion Coatings Market Recent Developments
- In May 2023, BASF SE announced the launch of a new range of high-performance extrusion coatings. The new range is designed to meet the stringent performance requirements of the building and construction industry.
- In April 2023, The Sherwin-Williams Company announced the launch of a new line of sustainable extrusion coatings. The new line is designed to meet the growing demand for sustainability in the extrusion coatings market.
- In March 2023, PPG Industries announced the launch of a new range of high-gloss extrusion coatings. The new range is designed to meet the growing demand for high-gloss finishes in the automotive and building and construction industries.
- In February 2023, Valspar Corporation announced the launch of a new line of flame-resistant extrusion coatings. The new line is designed to meet the stringent fire safety requirements of a variety of industries, including the building and construction industry.
- In January 2023, DuPont announced the launch of a new range of bio-based extrusion coatings. The new range is designed to meet the growing demand for sustainability in the extrusion coatings market.
Extrusion Coatings Key Market Trends
- 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.
Extrusion Coatings Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global extrusion coatings market analysis, the increasing demand from end-use industries, technological advancements, and the need for sustainable packaging solutions are key growth drivers. The market is witnessing substantial demand from industries such as packaging, automotive, construction, and consumer goods. The packaging industry, in particular, is a major driver for the extrusion coatings market, as it requires high-performance coatings to enhance the durability, barrier properties, and aesthetic appeal of packaging materials. The rising consumption of packaged food and beverages, coupled with increasing consumer preference for convenience and sustainable packaging, is fueling the demand for extrusion coatings. Technological advancements play a crucial role in the market's growth. Manufacturers are investing in research and development to develop innovative coating materials and processes that offer enhanced performance and sustainability. This includes the development of bio-based and recyclable coatings, as well as coatings with improved barrier properties and heat resistance. These advancements not only meet industry requirements but also address the growing demand for environmentally friendly solutions. However, the market also faces certain challenges. The volatility in raw material prices, coupled with stringent environmental regulations, can impact the profitability of market players.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.14 billion |
| Market size value in 2031 | USD 7.77 billion |
| Growth Rate | 4.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Extrusion Coatings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Extrusion Coatings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Extrusion Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Extrusion Coatings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Extrusion Coatings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Extrusion Coatings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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