Extrusion Coating Market Size and Growth Rate:
According to our research report, the Extrusion Coatings Market Size was capitalized at USD XX Million in 2018. The Extrusion Coatings Market is expected to exceed USD XX million by 2023 and grow at a compound annual rate of XX% from 2018 to 2023.

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Extrusion Coating Market Overview:
Extrusion coating is a very versatile industrial process that is used to apply an extruded polymer strip to a substrate. Extrusion coating is widely used in various industries, such as construction and construction, automotive, consumer goods, imaging, medical and pharmaceutical applications and industrial applications.
It includes a variety of applications such as liquid containers, aseptic beverage containers, toothpaste tubes, photographic films, flexible packaging, industrial and industrial packaging, transport packaging, bags, envelopes and medical and hygiene care. This coating helps reduce VOC emissions, improves quality, reduces costs and increases productivity.

Extrusion Coating Market Growth Drivers and Restraints:
The growing demand in the food and beverage, and automotive packaging sectors is one of the key factors in the extrusion coating market. Flexible packaging is an important application segment of this market, which is used mainly in food packaging such as bakery products, dairy products, frozen foods, meats and poultry, candy and cookies. Flexible packaging offers a variety of benefits, such as lower costs, greater ease of use for the consumer, longer shelf life, an environmentally friendly environment and the ability to maintain the freshness of products. Extrusion coating is widely used in the automotive sector to provide many benefits, such as wear resistance, reinforcement, weight reduction and acoustic improvement.

The increase in the prices of raw materials, crude oil and natural gas are some of the factors that hinder the growth of the market. However, the development of renewable based polymers further improves the growth opportunities for the market in a variety of applications.

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Extrusion Coating Market Geographical Segmentation:
Geographically, Asia Pacific followed by Europe and North America is expected to dominate the extrusion coating market during the forecast period. This is mainly due to the rapid economic and industrial expansion of the developing economies of the Asia-Pacific region, such as India, Malaysia, Vietnam and Indonesia. The extrusion coating is adopted by most builders to make the infrastructure presentable and protect it from adverse weather conditions. It is also expected that countries such as the United States, Germany and Brazil will grow significantly due to the growing demand for food packaging. Government initiatives to reduce food waste and recent advances in green packaging help manufacturers meet the demand for recyclable products, which will lead to the robustdevelopment of the extrusion coating market.

Keyplayers of the Extrusion Coating Market:
Major players active in the extrusion coating market are The Dow Chemical Company, Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries Inc., and Valspar Corporation. These companies are actively investing in various strategies such as acquisitions, new product developments, and the global expansion of projects to increase their market share.

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