888-776-0942 from 8 AM - 10 PM ET

NEW YORK , Oct. 11, 2022 /PRNewswire/ -- The extrusion coatings market size is expected to grow by USD 1.53 bn during 2021-2026, at a CAGR of 5.26% during the forecast period, according to Technavio. The increasing demand from the packaging industry, environment-friendly coating technologies, and growing demand from the food and beverage industry will offer immense growth opportunities.

However, fluctuating raw material costs, higher cost and dry film thickness compared to other coatings, and contribution to carbon footprint will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing demand from the packaging industry has been instrumental in driving the growth of the market. However, Fluctuating raw material costs might hamper the market growth. Request Free Sample Report.

The market share for extrusion coatings in the polyethylene category will expand significantly. Polyethylene is by far the most common type of plastic used by consumers. One of polyethylene's most appealing characteristics is how durable it is. At high temperatures, it can melt, and at very low temperatures, it can even retain its properties. It is also very affordable and chemically resistant. These elements will encourage segment growth during the course of the forecast. Buy Sample Report.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our extrusion coatings market report covers the following areas:

This study identifies the rising demand from the automotive sector as one of the prime reasons driving the extrusion coatings market growth during the next few years.

We provide a detailed analysis of around 25 vendors operating in the Extrusion Coatings Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Extrusion Coatings Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

To find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.  

Aerogel Market by Application and Geography - Forecast and Analysis 2022-2026 Paint Protection Film Market by End-user and Geography - Forecast and Analysis 2022-2026

Accelerate at a CAGR of 5.26%

APAC, Europe, North America, Middle East and Africa, and South America

US, China, India, Germany, and France

Leading companies, competitive strategies, consumer engagement scope

Akzo Nobel NV, Arkema S.A., Borealis AG, Chevron Phillips Chemical Co. LLC, Davis Standard LLC, DuPont de Nemours Inc., Eastman Chemical Co., Exxon Mobil Corp., Formosa Plastics Corp., Hanwha Corp., INEOS Group Holdings SA, Lucobit AG, LyondellBasell Industries NV, NOVA Chemicals Corp., Qenos Pty Ltd., Reliance Industries Ltd., Repsol SA, SABIC, The Dow Chemical Co., and The Lubrizol Corp.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/  

More news releases in similar topics

Cision Distribution 888-776-0942 from 8 AM - 9 PM ET