The global extrusion coatings market is expected to reach USD 6.32 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing demand from packaging industries and popularity of additive manufacturing process. Extrusion coating process is used for a range of applications including liquid packaging, aseptic drink containers, flexible packaging, toothpaste tubes, medical packaging, industrial wraps, insulation backed materials, and plastic coated tablecloths, as well as sacks for products as diverse as cement, cereal grain, and dry chemicals.
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This report covers the recent COVID-19 incidence and its impact on Extrusion coatings Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
Extrusion coatings also present a blend of substrates, which when once combined, would be challenging to separate. The blended substrate obtains excellent enhanced physical properties and barrier protection performance from its component elements. Fluctuating costs of raw materials and high costs as compared to other coating materials are the factors hindering the growth of the market.
Companies considered and profiled in this market study
Akzo Nobel N.V., The Sherwin Williams Company, PPG Industries, DowDupont, Dura Coat Products Inc., The Lubrizol Corporation, Davis-Standard LLC Qenos Pty Ltd., Optimum Plastics, Transcendia, Borealis AG, Chevron Phillips Chemical Company, Westlake Chemical Corporation, LyondellBasell Industries Holdings B.V., Celanese Corporation and SABIC, among others.
The companies have adopted various strategies including mergers and acquisitions, contracts, agreements and partnerships to hold on going trails and come up with new developments in the market.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global extrusion coatings Market on the basis of resin type, process, substrate, application, and region:
Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
Process Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
Substrate Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
Applications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
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