Extrusion Coating Market by Material Type (LDPE, EVA, PP, PET), Substrate (Paper, Paperboard, Aluminium Foils, Polymer Films), Application (Packaging, Liquid, Flexible, Commercial, Photographic), and Region - Global Forecast to 2029
The extrusion coatings market size is projected to reach USD 7.5 billion by 2029 at a CAGR of 3.6% from USD 6.3 billion in 2024. The Asia Pacific region contributes significantly towards the extrusion coating market for the following reasons. Urbanization and industrial growth specially in the Asian countries like China, India and other Southeast Asian countries have led to the higher demand of extrusion coating material in the different fields. The increase in the manufacturing industry of these countries due to government support and other schemes increases this demand. Furthermore, the continuously expanding packaging sector due to being driven by increasing consumer needs and shifts in the populace's daily routine requires better extrusion coatings to increase the durability and shelf-life of the product.
Scope of the Report
Years Considered for the Study
2018-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Million/Billion)
Segments
By Material Type, By Substrate, By Technology, By Application, By Region
Regions covered
Asia Pacific, Europe, North America, Middle East & Africa, and South America
"LDPE, by material type is forecasted to be the fastest growing extrusion coating market during the forecast period."
LDPE (Low-Density Polyethylene) is one of the most used materials within the extrusion coating market and there are few good reasons for this: First of all, LDPE has a number of characteristics that allow it to have a wide use, namely flexibility, tensile impact strength, and low-temperature processability. They are highly useful for packaging where better sealability and high moisture barrier characteristics are desirable for product and package preservation. Third, LDPE also has high processability, and this makes it easy to be extruded to substrates for paper, board, and films. This multifunctional characteristic makes it applicable in virtually all forms of packaging such as food packaging, liquid packaging or any packaging that requires plastic films. Another reason for the popularity of the material is its reasonable price, which makes it very competitive considering the other similar materials available on the market.
"Europe is likely to account for the second largest share of extrusion coating market in terms of value."
Europe region dominates the extrusion coating market owing to some drivers as described below. Firstly, Europe is having a strong and developed industrial platform especially in packaging, automotive, construction, and medical fields which are among the major end user of extrusion coatings. A major advantage of the region is that is advanced in technology innovation and thus the technologies used in extrusion coating are of high standard and efficiency. Further, European countries offer an excellent base for research and development, signified by immense capital invested in new technologies and material. Such a constant emphasis on R&D results in development of innovative products, which in turn helps European manufacturers to have a competitive edge around the globe. Additionally, the fact that some of the market giants are located in the region, as well as skilled human resource, make the region reputed.
Interviews:
By Company Type: Tier 1 - 33%, Tier 2 - 40%, and Tier 3 - 27%
By Designation: C Level - 21%, D Level - 23%, and Others - 56%
By Region: North America - 37%, Europe - 23%, Asia Pacific - 26%, Middle East & Africa - 10% and South America - 4%
The key companies profiled in this report are LyondellBasell Industries Holdings B.V. (Netherland), Dow (US), SABIC (Saudi Arabia), and Exxon Mobil Corporation (US).
Research Coverage:
The extrusion coating market has been segmented based on material type (LDPE, EVA, PP, PET, and Others), Substrate (Paper, Paperboard, Aluminium Foil, Polymer films, and Others), Application (Packaging, Photographic, and Others) and by Region (Asia Pacific, North America, Europe, Middle East & Africa, and South America).
This report provides insights on the following pointers:
Analysis of key drivers (Growing demand from packaging industry, increasing use of extrusion coating in diverse end-use industries) restraints (Volatility in prices of raw materials), opportunities (Bio-Based substitutes and advancement in multilayer coatings), and challenges (Implementation of stringent regulatory policies, Significant competition posing challenges for new entrants) influencing the growth of the extrusion coating market.
Product Development/Innovation: Detailed insight into upcoming technologies, research & development activities, and new product launches in the extrusion coating market.
Market Development: Comprehensive information about markets - the report analyses the extrusion coating market across varied regions.
Market Diversification: Exclusive information about the new products & services untapped geographies, recent developments, and investments in the extrusion coating market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like LyondellBasell Industries Holdings B.V. (Netherland), Dow (US), SABIC (Saudi Arabia), and Exxon Mobil Corporation (US) among other in the adhesive tapes market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.2.3 Key primary interview participants
2.1.2.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 MARKET FORECAST
2.3.1 SUPPLY-SIDE ANALYSIS
2.3.2 DEMAND-SIDE ANALYSIS
2.4 FACTOR ANALYSIS
2.5 DATA TRIANGULATION
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
2.8 GROWTH RATE ASSUMPTIONS
2.9 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN EXTRUSION COATING MARKET
4.2 EXTRUSION COATING MARKET, BY MATERIAL TYPE
4.3 EXTRUSION COATING MARKET, BY SUBSTRATE
4.4 ASIA PACIFIC EXTRUSION COATING MARKET, BY APPLICATION AND COUNTRY
4.5 EXTRUSION COATING MARKET: DEVELOPED VS. DEVELOPING ECONOMIES
4.6 EXTRUSION COATING MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing demand in food & beverages industry
5.2.1.2 Expanding automotive and construction industries
5.2.2 RESTRAINTS
5.2.2.1 Environmental concerns associated with non-biodegradable and non-recyclable materials used in extrusion coatings
5.2.2.2 Fluctuating raw material prices
5.2.3 OPPORTUNITIES
5.2.3.1 Development of bio-based and eco-friendly coatings
5.2.3.2 Advancements in multilayer coating technology
5.2.3.3 Rising use of nano-coating technologies to enhance durability of aluminum-extruded profiles
5.2.4 CHALLENGES
5.2.4.1 Focus on reducing carbon footprint
5.3 PORTER'S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 THREAT OF NEW ENTRANTS
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMICS INDICATORS
5.5.1 INTRODUCTION
5.5.2 GDP TRENDS AND FORECAST
5.5.3 TRENDS IN GLOBAL PACKAGING INDUSTRY
6 INDUSTRY TRENDS
6.1 SUPPLY CHAIN ANALYSIS
6.2 ECOSYSTEM ANALYSIS
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.4 PRICING ANALYSIS
6.4.1 AVERAGE SELLING PRICE TREND, BY REGION
6.4.2 AVERAGE SELLING PRICE TREND, BY MATERIAL TYPE
6.4.3 AVERAGE SELLING PRICE TREND, BY SUBSTRATE
6.4.4 AVERAGE SELLING PRICE TREND, BY APPLICATION
6.4.5 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
6.5 TRADE ANALYSIS
6.5.1 EXPORT SCENARIO (HS CODE 390110)
6.5.2 IMPORT SCENARIO (HS CODE 390110)
6.6 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH
6.6.1 RUSSIA-UKRAINE WAR
6.6.2 CHINA
6.6.2.1 Lowering growth trajectory due to declining investments
6.6.2.2 Environmental commitments
6.6.3 EUROPE
6.6.3.1 Political and economic instability in Germany