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) -- 05/15/2018 -- Extrusion Coating Market - Market Overview
As per the studies conducted by the leading research organizations the Global Protective Coating Market is estimated to expand at significant CAGR of 10% to be pegged at USD 23 billion till 2023 The primary factors favoring growth of the Global Extrusion Coatings Market are growing demand for the coatings product, shifting consumer pattern in favor of preventing damage to their devices and equipment by the thermal, corrosion and other impact action.
Growing consumption of the Protective Coating in vast number of end use industries uses coating on equipment, tools and end decorative is projected to be the major demand driver in the market.
However the primary factor exhibiting growth of the market during the forecast period is the stringent regulatory measures in place by the mature western economies, regarding VOC emissions and the rising costs of raw materials.
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Extrusion Coating Market- Competitive Landscape
The Global Extrusion Coating is on the highly mature markets which is majorly driven by the increasing demand from in packaging industry, along with the growing retail industry around the world. The market consist of significant number of tier 1 manufacturers. SABIC, DowDuPont, Formosa Plastics Corporation, and Exxon Mobil Corporation are the major market players operating in this market. According to the study conducted, almost all of these participants are primarily adopting the product launch and an expansion tactics, along with the augmentation of their production capacities in order to strengthen their market position and also sustain the growing competition. Suring demand from major end use industries such as packaging and photographic industries, continuous collaborations, and agreements among and between manufacturers, distributers, and marketing firms are key market forces operating in the market for the growth of the demand for Extrusion Coating. Undertaking all these trends and factors, the Global Extrusion Coating Market is likely to witness considerable competition over the forecast period of 2017-2023.
Industry/ Innovation/ Related News:
November 27, 2017- Belgium based leading chemical manufacturer, Solvay S.A. and Mexico based investment opportunity firm Camino Real Capital Partners have joined the existing investors Phoenix Venture Partners and Burwell Investments. The USD 3 million investment poor financing round for Autonomic Materials Inc. (AMI). AMI would be the world leader in self-healing technology for high-performance coatings, adhesives and sealants. This pooled investment funding is likely fuel market penetration and commercialization of AMI's new technologies.
October 19, 2016- Solvay, Belgium based leading global supplier of specialty polymers has launched new product called K 2016 including Hall 6 and Booth C61. This is a highly transparent photovoltaic (PV) front sheets extruded by Amcor using Solvay's Halar ® 500 ethylene chlorotrifluoroethylene (ECTFE) resin have enabled Solbian.
December 19, 2017- The Saudi Arabic based SABIC announced opening of its new polypropylene (PP) extrusion facility at Geleen, in The Netherlands. This new extrusion line launched by SABIC adopts state-of-the-art process technology to produce PP products and the next generation PP copolymers. This move by SABIC demonstrated their drive to provide advanced materials that can serve their customers in developing all new lightweight applications for appliances, packaging, automotive, healthcare and help them reduce energy consumption in their process manufacturing.
May 18, 2017- India based, one of the largest flexible packaging company, Uflex has launched the all new versions of its EL-1300 extrusion lamination machine, introduced in India in July 2016. This re-engineering and value addition facilitates development of extrusion coating and/or laminators as mono extruder, co-extruder and tandem extruder variants.
April 25, 2017- Finland based paper and pulp company, Metsä Board, earlier known as M-real Corporation announced the startup of its new extrusion coating line at its Husum mill in Sweden. The new facility of the company consists of all new state-of the-art coating line has an annual capacity of about 100,000 tones and costs around USD 38 Million.
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