Extrusion Coatings Market | Growth, Trends, and Forecast (2019

Market Snapshot

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The extrusion coatings market is expected to record a CAGR of over 5% during the forecast period of 2019–2024. The major factors driving the market studied are the increasing demand from the food and beverage industry, and the steady growth of the packaging industry.

High costs, compared to other coatings, and the contribution to the carbon footprint are expected to hinder the growth of the market studied.
The development of bio-based polymers as raw material is likely to act as an opportunity in the future.

Scope of the Report

The global extrusion coatings market report includes:

Material

Polyethylene
	Low Density Polyethylene (LDPE)
	High Density Polyethylene (HDPE)
	Other Polyethylenes (MDPE, LLDPE, etc.)

Ethylene Vinyl Acetate (EVA)

Ethylene Butyl Acrylate (EBA)

Polypropylene

Polyethylene Terephthalate

Other Material

Substrate
		Paperboard and Cardboard
		Polymer Films
		Metal Foils
		Other Substrates

Application
		Liquid Packaging
		Flexible Packaging
		Medical Packaging
		Personal and Cosmetic Packaging
		Photographic Film
		Industrial Packaging/Wrapping
		Other Applications

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Russia
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	Saudi Arabia
	South Africa
	Rest of Middle East & Africa

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Key Market Trends

Liquid Packaging to be the Largest Application

The liquid packaging application accounted for the largest share in the extrusion coatings market, in 2018.
Liquid packaging involves applications used for both short and long-shelf-life products (dairy as well as non-dairy).
Packaging of liquid foods demands design flexibility, printability, looks, feel, and sustainability, among other features.
Certain advantages, with the usage of extrusion coatings for liquid packaging, include temperature resistance, abrasion resistance, grease resistance, lowered coefficient of resistance, reduced water vapor transfer rate, etc.
The ongoing growth in the personal care and cosmetic industry is also expected to increase the usage of liquid packaging, thus inducing the consumption of extrusion coatings.

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Asia-Pacific to Dominate the Market

In 2018, Asia-Pacific represented the largest regional market for extrusion coatings market. The major countries, responsible for the consumption of extrusion coatings in the region, include China, India, and ASEAN countries.
There is an ongoing growth in the economy and the disposable incomes among the population in the region, which is increasing the demand for extrusion coated material. Among all the countries in the region, China’s market is expected to witness the highest CAGR during the forecast period.
In Asia-Pacific, China is the largest economy, in terms of GDP. The country’s annual growth of GDP was 6.6% in 2018, and it is expected to decrease slightly to 6.3% in 2019. The growth in the country remains high but it is gradually diminishing, as the population is ageing. The economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand.
The construction sector had slowed down after 2013, but it is still a major contributor to the GDP of China. After the government’s push for infrastructure investment, as a means to sustain economic growth, the construction industry is growing rapidly in China. Thereby, increasing the demand for industrial packaging, which, therefore, increases the consumption of extrusion coatings market in the country, during the forecast period.
In India, the industrial sector is witnessing rapid growth in recent times, with the focus of making the country the fifth-largest manufacturing country in the world, by the end of the year 2020. With the help of Make in India drive, India is becoming the hub for manufacturing.
Additionally, the food processing industry in India is rapidly increasing with upcoming investments and governmental support. With the increasing investments in the food processing industry, the demand and growth of the food and beverage packaging in the country may increase, thus, increasing the consumption of extrusion coatings market in the country, during the forecast period.

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Competitive Landscape

The extrusion coatings market is fragmented in nature. The major companies include LyondellBasell Industries Holdings BV, Chevron Phillips Chemical Company, Davis Standard, and Borealis AG, among others.

Major Players

* Complete list of players covered available in the table of contents below

Extrusion Coatings Market - Concentration

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Increasing Demand from Food and Beverage Industry
  2. 4.1.2 Steady Growth of Packaging Industry
  3. 4.1.3 Other Drivers
2. 4.2 Restraints
  1. 4.2.1 High Costs Compared to Other Coatings
  2. 4.2.2 Contribution to Carbon Footprint
3. 4.3 Industry Value Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Material
  1. 5.1.1 Polyethylene
    1. 5.1.1.1 Low Density Polyethylene (LDPE)
    2. 5.1.1.2 High Density Polyethylene (HDPE)
    3. 5.1.1.3 Other Polyethylenes (MDPE, LLDPE, etc.)
  2. 5.1.2 Ethylene Vinyl Acetate (EVA)
  3. 5.1.3 Ethylene Butyl Acrylate (EBA)
  4. 5.1.4 Polypropylene
  5. 5.1.5 Polyethylene Terephthalate
  6. 5.1.6 Other Material
2. 5.2 Substrate
  1. 5.2.1 Paperboard and Cardboard
  2. 5.2.2 Polymer Films
  3. 5.2.3 Metal Foils
  4. 5.2.4 Other Substrates
3. 5.3 Application
  1. 5.3.1 Liquid Packaging
  2. 5.3.2 Flexible Packaging
  3. 5.3.3 Medical Packaging
  4. 5.3.4 Personal and Cosmetic Packaging
  5. 5.3.5 Photographic Film
  6. 5.3.6 Industrial Packaging/Wrapping
  7. 5.3.7 Other Applications
4. 5.4 Geography
  1. 5.4.1 Asia-Pacific
    1. 5.4.1.1 China
    2. 5.4.1.2 India
    3. 5.4.1.3 Japan
    4. 5.4.1.4 South Korea
    5. 5.4.1.5 Rest of Asia-Pacific
  2. 5.4.2 North America
    1. 5.4.2.1 United States
    2. 5.4.2.2 Canada
    3. 5.4.2.3 Mexico
  3. 5.4.3 Europe
    1. 5.4.3.1 Germany
    2. 5.4.3.2 United Kingdom
    3. 5.4.3.3 Italy
    4. 5.4.3.4 France
    5. 5.4.3.5 Russia
    6. 5.4.3.6 Rest of Europe
  4. 5.4.4 South America
    1. 5.4.4.1 Brazil
    2. 5.4.4.2 Argentina
    3. 5.4.4.3 Rest of South America
  5. 5.4.5 Middle East & Africa
    1. 5.4.5.1 Saudi Arabia
    2. 5.4.5.2 South Africa
    3. 5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 Akzo Nobel NV
  2. 6.4.2 Borealis AG
  3. 6.4.3 Celanese Corporation
  4. 6.4.4 Chevron Phillips Chemical Company
  5. 6.4.5 Davis-Standard LLC
  6. 6.4.6 DowDuPont Inc.
  7. 6.4.7 Dura Coat Products Inc.
  8. 6.4.8 LyondellBasell Industries Holdings BV
  9. 6.4.9 Optimum Plastics
  10. 6.4.10 PPG Industries
  11. 6.4.11 Qenos Pty Ltd
  12. 6.4.12 SABIC
  13. 6.4.13 The Lubrizol Corporation
  14. 6.4.14 The Sherwin-Williams Company
  15. 6.4.15 Transcendia
  16. 6.4.16 Westlake Chemical Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Development of Bio-based Polymers as Raw Material
2. 7.2 Other Opportunities

**Subject to Availability