DUBLIN--(BUSINESS WIRE)--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.
Can coatings find applications in food, beverage, aerosol and general line cans. Food and beverage cans cumulatively account more than more than 70% of the can coatings market. Increasing per capita expenditure on food & beverages, rising disposable income, standard living, changing consumer tastes, dietary trends, and growing middle class are major factors to propel the growth of food & beverages, pharmaceutical, and personal care industries. This in turn is expected to fuel the consumption of metal cans in these industries. Such attributes are expected to drive the can coatings market. Strict regulations on BPA by food authorities have restrict the consumption of can coatings in food can and beverage can applications. Hence, can coatings producers are focusing on the development of alternatives to BPA based can coatings.
Epoxy was the largest market for can coatings, in 2016. Their protective function, stability make them the most commonly used coating material. Most epoxy coatings are synthesized from bisphenol A (BPA) and epichlorohydrin forming BPA-epoxy resins. Some epoxy coatings blends that have widespread acceptance across the end-use applications include epoxy-phenolic, acrylates, anhydrides, and amines.
Beverage cans was the largest market for can coatings, by type in 2016. The growth of this segment is attributed to the high demand for these coatings to coat beverage cans to maintain taste and flavor of beverages. Beverage can producers has to comply with strict regulations by food authorities regarding the quality of cans. Can coatings provides also avoids contamination of beverages products with can's metal. This is expected to drive the demand for can coatings in beverage cans applications.
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 Profiles
- PPG Industries
- Akzo Nobel
- KANSAI PAINT
- National Paints Factories
- International Packaging Coatings
- TIGER Coatings
- VPL Coatings
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