DUBLIN--(BUSINESS WIRE)--Jun 14, 2018--The "Can Coatings Market by Type (Epoxy, Acrylic, Polyester, Oleoresins, Vinyl, Alkyd, Polyolefin), Application (Food & Beverage Cans, General Line & Aerosol Cans), and Region(APAC, North America, Europe, South America, ME&A) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The global can coatings market is estimated at USD 1.91 Billion in 2017 and is projected to reach USD 2.27 Billion by 2022, at a CAGR of 3.4% between 2017 and 2022.

The market is witnessing growth due to the increasing use of can coatings in food and beverage cans to protect food and beverage products from contamination from can's metal. Growing consumption of aerosol cans across the globe and especially in emerging countries is expected to fuel the consumption of can coatings in aerosol cans application.

Based on type, epoxy was the largest type segment of the can coatings market in 2016. These coatings offer strong chemical and moisture resistance to cans. They also avoid contamination of food products from can's metal. This makes these coatings suitable for applications in food, beverage, and general line cans.

Based on application, beverage cans was the largest segment of the global can coatings market, in 2016. The large market size of beverage cans is due to the fact that their consumption in emerging countries is growing rapidly due to the increasing per capita expenditure on food & beverages, rising disposable incomes, improved lifestyles, and growing middle-class population, which is the prominent consumer of beverages. This, in turn, is expected to propel the growth of beverage cans segment.

Market Dynamics

Drivers

Increasing Consumption of Metal Cans in Food & Beverage Application

Restraints

Stringent Regulations on BPA

Opportunities

New Product Developments in Can Coatings High Demand for Can Coatings in Emerging Countries of APAC

Challenges

Fluctuation in Raw Material Prices

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Can Coatings Market, By Type

7 Can Coatings Market, By Application

8 Can Coatings Market, By Region

9 Competitive Landscape

10 Company Profiles

Akzo Nobel Altana International Packaging Coatings Kansai Paints National Paint Factories PPG Tiger Coatings Toyochem Valspar VPL Coatings

For more information about this report visit https://www.researchandmarkets.com/research/tmh9gz/can_coatings?w=4

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Related Topics:Paints and Coatings

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

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PUB: 06/14/2018 05:58 AM/DISC: 06/14/2018 05:58 AM

http://www.businesswire.com/news/home/20180614005462/en