Extrusion Coatings Market is projected to reach USD 4.32 billion by 2021, registering a CAGR of 5.1% between 2016 and 2021. Increasing demand from the food & beverages packaging sector is the major driver for the extrusion coating market. The global packaging industry is expected to rise with the increasing demand for food packaging in major economies such as India, China, the U.S., the Middle East, Germany, Brazil, and others.
Complete report on Extrusion Coatings Market spread across 152 pages, profiling 10 companies and supported with 125 tables and 49 figures is now available at http://www.rnrmarketresearch.com/extrusion-coating-market-by-material-type-ldpe-eva-polypropylene-polyethylene-terephthalate-substrate-paperboard-films-aluminum-foil-polymer-application-liquid-packaging-flexible-packaging-commercial-st-to-2021-market-report.html
Flexible packaging is the fastest-growing application segment of the extrusion coating market. Flexible packaging is required in the food packaging sector as it provides various advantages such as longer shelf life, less cost, consumer friendly, capable of retaining freshness of products, green packaging, and others. They are majorly used in bakery products, cereals, biscuits, snacks, and other food products. This packaging is also used in medical & pharmaceutical, consumer durables, transportation, and industrial applications.
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Asia-Pacific is the largest market for extrusion coatings globally, with China being the most dominant market in the region. The market in the region is also witnessing the highest growth rate, which is attributed to the rapid economic expansion undergoing in the region. Further, rapid development in the packaging industry is vigorously driving the demand for extrusion coatings for food & beverages, medical & pharmaceutical, and other end-use industries in the region.
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (37%); Tier 2 (38%) and other (25%) companies were contacted for interviews. The interviews were conducted with various key people such as Research & Consultants (30%), Sales Executives (30%), and Managers (40%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (9%), Asia-Pacific (82%), and Middle-East & Africa (9%).
The report also includes company profiles and competitive strategies adopted by the major market players such as The Dow Chemical Company (U.S.), AkzoNobel N.V. ( Netherlands), Mondi Plc. (Austria), Exxon Mobil Corporation (U.S.), Bobst Group SA (Switzerland), Borealis AG (Austria), LyondellBasell (Netherlands), Eastman Chemical Company(U.S.), David–Standard, LLC (U.S.), and Novus Packaging Inc. (U.S.).
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research titled with Elastomeric Coating Market by Type (Acrylic, Polyurethane, Silicone, and Butyl), Technology (Waterborne and Solventborne), Application (Wall Coatings, Floor/ Horizontal Surface Coatings, and Roof Coatings) — Global Forecast to 2021. The global elastomeric coating market size is estimated to reach USD 13.58 billion by 2021, at a CAGR of 15.19% between 2016 and 2021. Now available at http://www.rnrmarketresearch.com/elastomeric-coating-market-by-type-butyl-acrylic-polyurethane-silicone-others-by-technology-waterborne-solvent-borne-by-application-wall-coatings-floor-horizontal-surface-coatings-roof-coatings-others-global-forecasts-to-2019-market-report.html
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