Chemicals and Materials Extrusion Coating Market New | Page 2

Among substrates, the paper & paperboard segment is projected to lead the
Extrusion Coating Market from 2017 to 2022.
Paper & paperboard is the largest substrate segment. This is due to the superior properties
of paperboard such as lightweight, recyclability, low cost, and environment-friendliness.
Paper & paperboard is used for packaging various food items such as snacks, vegetables,
and others. These factors are expected to drive the growth of the paper & paperboard
segment.
The Asia Pacific region is the largest market for extrusion coating across the globe.
Asia Pacific is the global forerunner in the Extrusion Coating Market, in terms of value and
volume, and this trend is expected to continue till 2021. Countries in this region such as
China, India, Japan, South Korea, and Indonesia are witnessing significant increase in the
use of extrusion coatings in the packaging segment of the food & beverages industry. The
growth of the Asia Pacific Extrusion Coating Market is also attributed to the rapid economic
growth and increasing population that is driving the demand for extrusion coating
materials from various end-use industries in this region. China is the fastest-growing
market and this trend is estimated to continue till 2022.
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Dow Chemical (US), Exxon Mobil (US), Borealis AG (Austria), Celanese Corporation (US),
Chevron Phillips (US), DuPont (US), LyondellBasell Industries Holdings B.V. (US), Qenos Pty.
Ltd. (Australia), and SABIC (Saudi Arabia) are the leading players in the Extrusion Coating
Market who have adopted various organic and inorganic strategies to ensure their growth in
this market.
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