Global Can Coatings Market, By Type (Epoxy, Acrylic, Polyester, Oleoresins, Vinyl, Alkyd and Polyolefin), Application (Food Cans, Beverage Cans, General Line Cans and Aerosol Cans), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Can Coatings Market
Data Bridge Market Research analyses that the can coatings market will witness a CAGR of 4.15% for the forecast period of 2022-2029. Growth in the can coatings especially in the developing economies such as India and China, growing use of can coatings for a wide range of end user applications such as food cans, beverage cans, general line cans, aerosol cans and other end user applications, rising growth of the metals industry in the developed countries, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the can coatings market.
From the name itself, it is clear that can coatings are the chemical like materials that are used over different kinds of cans to enhance or improve adhesion, resistance and flexibility. Cans are manufactured using a wide range of metals such as aluminium, tin, zinc and others and are used for applications such as storage, warehousing and transportation. This is where the role of can coatings comes into play. Can coating are also used to shape the cans in terms of hardness, resistance, elasticity, and adhesion. Can coating are also used to reduce the interaction of food and beverage item directly with the can.
Rise in demand for can coatings by the food and beverages industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for can coatings such as in the protective and decorative aesthetics especially in the developing economies and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising demand for epoxy coating especially in the developing economies, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, rising application of ceramic coatings in marine and automotive applications, rising availability of multifunctional coatings with improved aesthetics and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, surging geopolitical issues and unfavourable market conditions arising as a result of coronavirus outbreak will dampen the market growth rate. Growing availability of substitutes and stringent regulations imposed by the government will also create difficulties for the market.
This can coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on can coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Can Coatings Market Scope and Market Size
The can coatings market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- The can coatings market is segmented on the basis of type into epoxy, acrylic, polyester, oleoresins, vinyl, alkyd and polyolefin.
- Based on application, the can coatings market is segmented into food cans, beverage cans, general line cans and aerosol cans.
Can Coatings Market Country Level Analysis
The can coatings market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the can coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the can coatings market owing to the increase in the consumption of metal can several industries such as pharmaceutical, food and beverages, chemical, personal care among others. Asia-Pacific is projected to score the highest CAGR owing to the increase in the research and development activities, favourable investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, abundant availability of raw materials, surging urbanization and industrialization and growth and expansion of food and beverages industry are some are important driving factors for this region.
The country section of the can coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Can Coatings Market Share Analysis
The can coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to can coatings market.
Some of the major players operating in the can coatings market report are Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, RPM International Inc., AZTRON TECHNOLOGIES, LLC, Axalta Coating Systems, BALL CORPORATION, A.W. Chesterton Company., KC Jones Plating Company., OM Sangyo Co.,Ltd., Poeton, Endura Coatings, Twin City Plating, Nickel Composite Coatings, Inc., SURTECKARIYA Co., Ltd., Sharretts Plating Company, Integer Holdings Corporation, Interplate LTD, Composite Coatings, Inc., and Hunger International GmbH among others.