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The Global Extrusion Coatings Market size is expected to surpass USD 6.78 Billion by 2028 from USD 4.82 Billion in 2020, delivering a CAGR of 4.4%, according to a new report by Reports and Data. This is mainly contributed by the increasing demand from packaging industries, the growing popularity of additive manufacturing process, the rise of environment-friendly coating technologies, increasing demand for moisture and grease resistance, and oxygen, water vapor, and aroma barrier packaging.
Extrusion coatings are used in the production of a broad range of thin multilayer structures, for substrates which may be paper, paper board, polyester film, polypropylene film, aluminum foil, woven fabric, etc. Extrusion coatings in paperboard are gaining popularity due to government policies for environment-friendly packaging and coating systems. Paperboards with plastic blended coatings are used to combine the mechanical properties of paperboard with the barrier and sealing properties of plastics.
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Top Players in the Global Extrusion Coatings Market:
Akzo Nobel N.V., The Sherwin Williams Company, PPG Industries, DowDupont, Optimum Plastics, Dura Coat Products Inc., Davis-Standard LLC, The Lubrizol Corporation, Qenos Pty Ltd., Transcendia, Borealis AG, Chevron Phillips Chemical Company, Westlake Chemical Corporation, LyondellBasell Industries Holdings B.V., Celanese Corporation, and SABIC.
Moreover, its moisture baring and sealing ability properties are appropriate for food packaging, liquid packaging, folding carton, and others. The fluctuating costs of raw materials as compared to other coating materials is a factor hindering the growth of the market.
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Market segmentation based on Resin Type Outlook:
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The post Extrusion Coatings Market is expected to reach USD 6.78 Billion at a CAGR of 4.4% by 2028 appeared first on Market O Graphics.
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