Can Coating Trends and Forecast
The future of the global can coating market looks promising with opportunities in the food can, beverage can, general line can, and aerosol can markets. The global can coating market is expected to reach an estimated $2.7 billion by 2030 with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are increasing metal can consumption in food and beverage applications, expanding the use of lightweight materials to improve fuel economy and safety, as well as, increase in the usage of paper and plastic for packaging.Can Coating by Segment
The study includes a forecast for the global can coating by type, application, and region.Can Coating Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Epoxy
- Acrylic
- Polyester
- Others
Can Coating Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Food Can
- Beverage Can
- General Line Can
- Aerosol Can
- Others
Can Coating Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Can Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies can coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the can coating companies profiled in this report include-- PPG
- Valspar
- Akzo Nobel
- ALTANA
- KANSAI PAINT
- Toyochem
- National Paints Factories
- International Packaging Coatings
- TIGER Coatings
- VPL Coatings
Can Coating Market Insights
The publisher forecasts that epoxy will remain the largest segment over the forecast period because these coatings provide cans with excellent chemical and moisture resistance, they also prevent metal contamination of food goods, along with these coatings are ideal for use in food, beverage, and general line cans.APAC is expected to witness highest growth over the forecast period due to increased R&D efforts, government investment policies that support industrial growth, rapid economic expansion in emerging nations, an abundance of raw materials, and favorable economic growth in the region.
Features of the Global Can Coating Market
- Market Size Estimates: Can coating market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Can coating market size by type, application, and region in terms of value ($B).
- Regional Analysis: Can coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the can coating market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the can coating market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the can coating market size?Answer: The global can coating market is expected to reach an estimated $2.7 billion by 2030.
Q2. What is the growth forecast for can coating market?
Answer: The global can coating market is expected to grow with a CAGR of 3.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the can coating market?
Answer: The major drivers for this market are increasing metal can consumption in food and beverage applications, expanding the use of lightweight materials to improve fuel economy and safety, as well as, increase in the usage of paper and plastic for packaging.
Q4. What are the major segments for can coating market?
Answer: The future of the global can coating market looks promising with opportunities in the food can, beverage can, general line can, and aerosol can markets.
Q5. Who are the key can coating market companies?
Answer: Some of the key can coating companies are as follows:
- PPG
- Valspar
- Akzo Nobel
- ALTANA
- KANSAI PAINT
- Toyochem
- National Paints Factories
- International Packaging Coatings
- TIGER Coatings
- VPL Coatings
Answer: The publisher forecasts that epoxy will remain the largest segment over the forecast period because these coatings provide cans with excellent chemical and moisture resistance, they also prevent metal contamination of food goods, along with these coatings are ideal for use in food, beverage, and general line cans.
Q7. In can coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increased R&D efforts, government investment policies that support industrial growth, rapid economic expansion in emerging nations, an abundance of raw materials, and favorable economic growth in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the can coating market by type (epoxy, acrylic, polyester, and others), application (food can, beverage can, general line can, aerosol can, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Can Coating Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- PPG
- Valspar
- Akzo Nobel
- ALTANA
- KANSAI PAINT
- Toyochem
- National Paints Factories
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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