We are monitoring the impact of COVID-19 on Can Coatings Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 8211
Share on
Share on

Can Coatings Market by Type (Epoxy, Acrylic, Polyester, Oleoresins, Vinyl, Alkyd, Polyolefin), Application (Food Cans, Beverage Cans, General-Line Cans, Aerosol Cans), and Region | Global Size, Share, Trends, Growth & Forecast | 2021 - 2026

Pulished: April, 2021
ID: 8211
Pages: 170

Can Coatings Market Size, Share & Forecast (2021 - 2026)

Global Can Coatings Market was valued at 4.85 billion USD in 2021, and it is expected t grow at a CAGR of 6.3% during the outlook period of 2021 to 2026. By 2026, the market valuation is estimated to reach 6.5 billion USD. 

Recent Developments

In 2017, Solvay expanded its production capacity of sulfone polymers in United States and India. The expansion was the result of increasing demand from waste water treatment industries in the mentioned regions. It has strengthened the company’s regional presence in both the regions and also provides the local markets to compete at a high level.

Drivers and Restraints of the Can Coatings Market

Food and beverage industry is one of the biggest industries around the world. Many big players of canned food production are based in North American, Europe and Asia. They use engineered cans as the primary material for storage of their products. Can coatings is quickly replacing the traditional materials in many manufacturing and industrial sectors and thus this adoption of the former is driving the can coatings throughout North America. Can coatings provide a robust solution to this problem at a relatively cheap cost for the automotive industry and thus many of them are switching to this low cost alternative. Aerosol cans have become very popular and their production is high, can coating is used in the aerosol can industry as well, this is one of the major factors for the growth of the can coatings industry. Epoxy coatings offer strong chemical and moisture resistance to cans. In addition to this, they also prevent contamination of food products from can’s metal. This makes epoxy can coatings suitable for applications in food, beverage, and general line cans.

Restraints in the Can Coatings Market

The stringent government norms from various governments have made the usage of plastic more and more difficult over time as result of this, for achieving the goal of lighter products, industries are turning towards composites in place of engineered plastic, resulting in decreased usage. Many industries have to look for substitute for the material and in this process, several alternatives have come up. This hinders the growth opportunities for the industry.

Market Segmentation

On the basis of Type

  1. Epoxy
  2. Acrylic
  3. Polyester

Use of epoxy has increased around the world in a significant way as they offer high durability and found augmented need from mechanical and electrical sectors. They provide superior strength and recyclability at a relatively low cost. Acrylic is a type of can coatings made by the polymerization of formaldehyde. It provides superior mechanical, thermal, electrical and chemical properties and offers resistance to high temperatures, chemicals, and abrasion. In addition to this, it also has considerable resistance to a wide range of solvents and possesses good electrical properties, making it suitable for electrical applications. The advanced features of polyoxymethylene made it an ideal choice for end-users like industrial machinery, electrical & electronics, automotive & transportation, and consumer goods, which is driving the expansion in the global can coatings market.

On the basis of Application

  1. Aerosol Can
  2. Non-Alcoholic Beverages
  3. Food Can
  4. Pharmaceutical
  5. Personal Care Equipment
  6. General Line Can

The food and beverage industry has increasingly used can coatings for their products. Many food products and similar beverages have their body made out of engineered cans. A lot of emphasis has been laid on the recycling of these cans and thus the same has been utilized in the manufacturing of various components. Beverage cans currently is the largest segment of the global can coatings market. The large market size of beverage cans is because of the fact that their consumption in developing countries is proliferating due to the increasing expenditure on food & beverages, rising opulence, better lifestyles, and growing middle-class population, which is the prominent consumer of beverages.

On the basis of Region

North America is the largest market for can coatings, in terms of value and volume. The growth of can coatings market in the region is primarily attributed to the established industries such as food & beverages, chemical, personal care, and pharmaceuticals. Countries like the USA, Canada and Mexico have increased their expenditure on the canned food products and this in turn has helped the can coatings markets to grow in this locale.

The Asia Pacific (APAC) is projected to be fastest growing can coatings market, in terms of value, during the envisioned period. This is because, this region is a manufacturing hub for several verticals like food & beverages, pharmaceutical, and chemicals. The availability of cheap labour and rising population is supposed to drive the business development.

Key Market Players:

There are several major players who are asserting their dominance in the can coatings Market in recent years, some of the big names in the world are:

  1. PPG Industries

  2. SABIC

  3. Valspar

  4. Altana

  5. Toyochem

  6. DuPont

  7. Constantia Flexibles GmbH

Impact of COVID-19 on the Global Can Coatings Market

Coronavirus pandemic has had a morose impact on various production markets across Europe, North America and Asia Pacific. It has negatively affected the demand for composites across various end-use industries such as aerospace & defence, automotive & transportation, construction & infrastructure, pipes & tanks and so on. The disruption in the supply chain resulted in delays or non-arrival of raw materials, disrupted financial flows, and declining morale among production line workers have compelled aircraft and automobile manufacturers to operate at reduced workforce and other resources. However, the can coatings industry saw a small growth during this period thanks to the growth in call for the packaged food through online deliveries. As several countries imposed strict lockdown conditions, a lot of food and beverages were delivered in a packaged format and thus the can manufacturing augmented, which in turn resulted in a hike in this market demand.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Epoxy        

                                5.1.3 Acrylic       

                                5.1.4 Polyester 

                                5.1.5 Oleoresins               

                                5.1.6  Vinyl         

                                5.1.7  Alkyd        

                                5.1.8  Polyolefin               

                                5.1.9  Y-o-Y Growth Analysis, By Type    

                                5.1.10  Market Attractiveness Analysis, By Type

                                5.1.11  Market Share Analysis, By Type  

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Food Cans               

                                5.2.3 Beverage Cans      

                                5.2.4 General-Line Cans               

                                5.2.5 Aerosol Cans          

                                5.2.6 Y-o-Y Growth Analysis, By Type     

                                5.2.7 Market Attractiveness Analysis, By Type   

                                5.2.8 Market Share Analysis, By Type     

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 VPL Coatings (Germany)                                

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 PPG Industries (US)                

                8.3 Valspar (US)                               

                8.4  Akzo Nobel (Netherlands)                  

                8.5 ALTANA (Germany)                

                8.6 KANSAI PAINT (Japan)                           

                8.7 Toyochem (Japan)                   

                8.8 National Paints Factories (Jordan)                    

                8.9 International Packaging Coatings (Germany)                               

                8.10 TIGER Coatings (Germany)                

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  2. Segment-level analysis in terms of by type,by application along with market size forecasts and estimations to detect key areas of industry growth in detail

  3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  9. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Can Coating  Market By Region, From 2021-2026( USD Billion )

  2. Global Can Coating  Market By Type, From 2021-2026( USD Billion )

  3. Global Epoxy Market By Region, From 2021-2026( USD Billion )

  4. Global Acrylic Market By Region, From 2021-2026( USD Billion )

  5. Global Polyster Market By Region, From 2021-2026( USD Billion )

  6. Global Oleoresins Market By Region, From 2021-2026( USD Billion )

  7. Global Vinyl Market By Region, From 2021-2026( USD Billion )

  8. Global Alkyd Market By Region, From 2021-2026( USD Billion )

  9. Global Polyolefin Market By Region, From 2021-2026( USD Billion )

  10. Global Can Coating  Market By Application, From 2021-2026( USD Billion )

  11. Global Food Cans Market By Region, From 2021-2026( USD Billion )

  12. Global Beverage Cans Market By Region, From 2021-2026( USD Billion )

  13. Global General-Line Cans Market By Region, From 2021-2026( USD Billion )

  14. Global Aerosol Cans Market By Region, From 2021-2026( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4580

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample