Global Extrusion Coating Market Research Report by Type (LDPE, Polypropylene and Ethylene Vinyl Acetate), by Substrate (Paperboard, Polymer Films, Aluminum Foils), by Application (Packaging, Photographic, Envelope) and by Region – forecast till 2023
Pune, India -- (SBWIRE) -- 03/05/2018 -- The major regions in the Global Extrusion Coating Market are Asia Pacific, North America, and Europe. Other regions are Latin America and the Middle East & Africa. Among the major regions, Asia Pacific is the largest shareholder in terms of size of the Global Extrusion Coating Market. It holds more than 45% share of the market. India, China, Japan, South Korea, and Indonesia are the leading markets in this region. The developing countries in this region are witnessing rapid industrialization fueled by the favoring government policies such as Foreign Direct Investment (FDI) and numerous Trade Facilitation Agreements (TFA). Additionally, increasing government and private spending on development of physical and residential infrastructure is the main driver of growth in the regional market. Apart from construction industry, the automotive industry is also growing at considerable rate in this region. India and China are fetching maximum share demand of extrusion coating for established major end users in these countries. The food and beverage industry in Asia Pacific is flourishing on due to rising population incentivizing the need to develop processed and packaged food. This is projected to boost demand of the product from one its major users.
North America is following Asia Pacifica and holding a significant share of the Global Extrusion Coating Market. This region is further segmented into the U.S, Mexico, and Canada. The U.S holds the major share market on account of the presence of leading players and major end use industries such as food & beverages and packaging. In addition to this, the established regulations by an agencies such as Food and Drugs Administration (FDA) are favoring growth of the extrusion coating on the packaged products.
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Europe is also a substantial region in this market which is categorized into Germany, Italy, U.K, France, Spain, and Russia. Among these, Germany and the U.K is expected to dominate the regional market share due to the robust growth in packaging industry, along with the shifting consumer preference to safety enabled instruction packaging. However, the European waste legislation mandates the recycling of the packaging material. This particular stipulation has led to the promotion of mono materials which is major alternative to the Extrusion Coatings.
The Middle Eastern & African countries are substantially contributing in the regional ink resins growth due to rising demand for the product on the backdrop of flourishing tourism industry and hotel business. Lastly, Latin American countries such as Brazil, Mexico, Venezuela, and Colombia are reviving from the political and economic downfall to gain momentum and join hands with the leading regions in the global ink resins market, during the review period.
The prominent players in the Global Extrusion Coating Market are, DowDuPont (The U.S.), Exxon Mobil Corporation (The U.S.), SABIC (Saudi Arabia), Celanese Corporation (The U.S.), Borealis AG (Austria), LyondellBasell Industries Holdings B.V. (The Netherlands), PPG Industries, Inc. (The U.S.), Formosa Plastics Corporation (Taiwan), Eastman Chemical Company (The U.S.), Reliance Industries Limited (India), and Solvay SA (Blegium), among others.
The Global Extrusion Coating Market is segmented on the basis of type, substrate, application and region.
Based on Type the market is divided into low density polyethylene (LDPE), polypropylene (PP), ethylene vinyl acetate (EVA), and others.
On the Basis of Substrate the global extrusion coating market is classified into paperboard, polymer films, aluminum foils, and others.
Furthermore, by Application the market is categorized into packaging, photographic, envelope, and others.
Regionally, there five major regions the market is spanned across namely, Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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