Can Coatings (Epoxy, Acrylic, Polyester, Oleoresins, Vinyl, Alkyd, Polyolefin): Global Market Forecast to 2022 - High Demand for Can Coatings in Emerging Countries of APAC - ResearchAndMarkets.com
Jun. 14, 2018
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.
DriversIncreasing Consumption of Metal Cans in Food & Beverage Application
RestraintsStringent Regulations on BPA
OpportunitiesNew Product Developments in Can Coatings High Demand for Can Coatings in Emerging Countries of APAC
ChallengesFluctuation in Raw Material Prices
Key Topics Covered
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 ProfilesAkzo 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
View source version on businesswire.com:https://www.businesswire.com/news/home/20180614005462/en/
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Related Topics:Paints and Coatings
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