New York City, NY -- (SBWire) -- 08/02/2018 --The extrusion coating market has been growing at a steady rate since the past few years and according to a research report published by P&S Intelligence, the growth rate of the market for the next few years isn't going to change by much. Expanding food and beverage industry and increasing economic growth are the key factors driving the market growth.
Most of the players in the extrusion coating market are serving customers globally. Leading players are offering extrusion coating materials and related compounds and solutions for packaging applications in different industries.
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DowDuPont Inc., LyondellBasell Industries N.V., Exxon Mobil Corporation, SABIC, and Chevron Phillips Chemical Company LP are some of the major players in the market, with strong employee base and broad product portfolio.
DowDuPont Inc. is one of the major players of the extrusion coating market having global presence and broad portfolio including LDPE, EVA, enhanced polyethylene resin, and ethylene-acid copolymer resin. The company offers broad product portfolio which find its applications in paper and board coating (for end applications such as ream wrap, reel wrap, tableware, insulation, and cup stock), food packaging laminates (such as paper foil, polymer, and metalized films), liquid board laminates, release liner, and imaging paper.
Exxon Mobil Corporation is another global player offering a variety of extrusion coating materials such as LDPE, EVA, HDPE, and LLDPE. The industries or applications served by the company are packaging, agriculture, building and construction, healthcare, and industrial.
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Other prominent players in the global extrusion coating market include Borealis AG, Chevron Philips Chemical Company LP, INEOS Group Holdings S.A., Lyondell Basell Industries N.V., Mondi Group, Qenos Pty. Ltd., SABIC, and Westlake Chemical Corporation. LDPE is the primary extrusion coating material offered by all key players owing to its wide usage in various packaging applications.
The major players in the extrusion coating market are undergoing mergers and acquisitions to improve their market position. For instance, in September 2017, DowDuPont Inc. announced successful completion of the merger between The Dow Chemical Company (Dow) and E.I. du Pont de Nemours & Company (DuPont), effective from August 31, 2017. It resulted in the formation of DowDuPont, an entity functional as a holding company with three business divisions, namely agriculture, materials science, and specialty products.
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Mergers and Acquisitions in the Extrusion Coating Market Helping Industry Players to Gain a Larger Market Share
Extrusion Coating Market