The Can Coatings Market is expected to rise at annual rate of 3.65% in the forecast period of 2020 to 2027 due to the increase in consumption of metal cans in food and beverage application.
On the other hand, fluctuation in the prices of raw materials is expected to obstruct the can coatings market growth in the above mentioned forecast period. Stringent regulations on BPA (bisphenol) are projected to challenge the can coatings market.
According to Data Bridge Market Research, the market for the can coatings is escalating due to the rise in the use of epoxy coating and increase in demand from food and beverage industries. Additionally, rapid urbanization and diversity in the usage of can coatings in numerous applications positively affect the can coatings market. Furthermore, new product developments in can coatings extend profitable opportunities to the can coatings market players.
Now the question is which are the other regions that can coatings market is targeting? Data Bridge Market Research has estimated North America is expected to dominate because of the increase in the consumption of metal can in numerous industries such as pharmaceutical, food and beverages, chemical, personal care among others. Europe is expected to witness high growth during the forecast period of 2020-2027 because of the increasing demand in food and beverages, health care industries and personal care among others.
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The can coatings market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of can coatings companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-can-coatings-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Can Coatings Market – Industry Trends and Forecast to 2027