Extrusion Coating Market

The extrusion coating market is projected to grow from USD 6.3 billion in 2024 to USD 7.5 billion by 2029, at a CAGR of 3.6% between 2024 and 2029. Extrusion coating play a vital role in packaging industry. It is fueled by the growing need for eco-friendly and flexible packaging options in a number of industries, including food and drink, medicines, personal care, and home goods. In order to maintain product freshness and increase shelf life, extrusion coating offers vital features such barrier protection against moisture, gases, and light. Furthermore, extrusion coating's adaptability makes printing possible, providing vivid graphics and branding components that improve product visibility and consumer appeal. Extrusion coating keeps innovating and evolving, meeting the dynamic demands of the modern packaging business as customer preferences shift towards convenience, sustainability, and product differentiation.

The major players operating in this business include SABIC (Saudi Arabia), Chevron Phillips Company (US), Cleanse Corporation (US), Exxon Mobil (US), lyondellbasell (Netherlands) and Dow (US).

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Celanese Corporation:   Celanese Corp (Celanese) is a technology solutions and specialized materials company. It provides ethylene-vinyl acetate, emulsion polymers, food additives, and advanced engineered materials. Numerous end-use markets, such as paints and coatings, automotive, consumer and medical, industrial, filtration, paper and packaging, chemical additives, construction, food and beverage, energy storage, performance industrial, and textiles, use its products. Celanese runs a network of production plants, technical centers, and commercial offices. The business also oversees the production facilities of its key affiliates. It is operationally present throughout Asia, Europe, and North America. Celanese's US headquarters are located in Irving, Texas.

In February 2023, The company has expanded the ethylene vinyl acetate (EVA) capacity at its Edmonton, Alberta facility by completing the ultra-low capital project. The primary aim of this expansion is to meet the growing market demand. The company focuses on strengthening the product portfolio by manufacturing a wide range of EVA products including Ateva EVA and Ateva G Medical Grade to serve the industries of solar, wire and cables, food packaging, and medical devices.

Chevron Phillips Company: Chevron Phillips Chemical Company is the joint venture of Chevron U.S.A. Inc. and Phillips 66, established in 2000 by collaborating the chemicals operations of both companies. The company manufactures and supplies olefins and polyolefins, aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping, and polymer resins. It is a prominent supplier of polyethylene resins for extrusion coating and lamination applications. The company has strong hold in North American industry based on volume and it has been providing extrusion coating resins for over 40 years with 33 facilities of manufacturing and research in seven countries across Asia Pacific, South America, North America, Europe and the Middle East & Africa region.

Related Reports:

Extrusion Coating Market by Material Type (LDPE, EVA, PP, PET), Substrate (Paper, Paperboard, Aluminium Foils, Polymer Films), Application (Packaging, Liquid, Flexible, Commercial, Photographic), and Region - Global Forecast to 2029

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