Market Size of Extrusion Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Extrusion Coatings Market Analysis
Theextrusion coatings market is expected to record a CAGR of over 5% during the forecast period. 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 materialis likely to act as an opportunity in the future.