Dublin, Dec. 15, 2023 (GLOBE NEWSWIRE) — The “Can Coatings – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Can Coatings Market to Reach $2.7 Billion by 2030
The global market for Can Coatings estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$2.7 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2022-2030. Epoxy, one of the segments analyzed in the report, is projected to record 1.5% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Acrylic segment is estimated at 5.5% CAGR for the next 8-year period.
This report provides a comprehensive analysis of the global can coatings market, shedding light on key competitors’ market share in 2022 and the competitive landscape. It offers insights into the presence of companies in the market, categorized as Strong, Active, Niche, or Trivial players. The report introduces readers to can coatings, emphasizing their significance in various industries. It delves into the global market’s prospects and outlook, highlighting essential trends that are shaping the industry’s future.
Analysis by coating type includes a breakdown of sales for epoxy, acrylic, polyester, and other types in 2021 and projections for 2027. Similarly, the report analyzes the market by application, covering beverage cans, food cans, aerosol cans, and other applications. Regional analysis provides a percentage breakdown of sales between developed and developing regions in 2021 and projections for 2027. It ranks geographic regions based on Compound Annual Growth Rate (CAGR) from 2020 to 2027, offering valuable insights for market participants.
The competitive scenario section explores recent market activity, allowing readers to stay informed about industry developments and the strategies of key players in the global can coatings market.
The U.S. Market is Estimated at $572.4 Million, While China is Forecast to Grow at 4.4% CAGR
The Can Coatings market in the U.S. is estimated at US$572.4 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$376.4 Million by the year 2030 trailing a CAGR of 4.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 2.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 359 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $2.1 Billion |
| Forecasted Market Value (USD) by 2030 | $2.7 Billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Novel Opportunities Identified in Aerosol Cans End-Use Vertical
- Global Aerosol Can Production (in Million Units) for Years 2011, 2015 & 2021
- Global Aluminum Aerosol Cans Market by End-use Sector (2021): Percentage Breakdown for Cosmetics, Food, Household & Technical Products, and Pharmaceuticals
- Innovations Encourage Metal Can Uptake, Enhance Demand for Can Coatings
- Advanced & Eco-Friendly Can Coatings Seek Role
- Convenience Food Trends Steer Food Canning, Revving Up the Opportunities for Can Coatings
- Interior Can Coatings Hold Critical Significance in Preservation of Canned Foods
- Epoxy Remains Prominent Food & Beverage Can Coating Option despite Health Concerns & Negative Publicity
- Soaring Demand for Canned Fruits & Vegetables Improves Market Uptake
- Changing Food Habits Influence Demand Dynamics of Canned Fruits Market
- Rapidly Evolving Image of Canned Organic Foods Bodes Well
- Healthy Tide in Food Retail Augments Demand for Cans, Benefiting the Can Coatings Market
- Growing Relevance of Retail Ready Packaging to Benefit the Market
- Established Image of Beverage Cans Enthuses Market Prospects
- Global Packaged Beverages Market by Material Type (2021): Percentage Share Breakdown by Beverage Volume
- Global Volume Consumption of Packaged Beverages (in %) by Beverage Type for Years 2019 & 2025
- Energy Drinks, Soft Drinks, & Beer Widen the Demand for Beverage Cans
- Established Image of Steel Cans Augments Prospects
- Favorable Demographic & Macro Trends Strengthen Market Prospects
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
- Rapid Urbanization to Drive Demand Prospects
- World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
- Burgeoning Middle Class Population
- Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
- Decelerating Demand for Cans in Chilled & Frozen Food Products Niggles Market Momentum
- Growing Concerns over Use of BPA in Can Coatings: Major Issue
- Study Indicates Overestimated Migration of BPA from Can Coating into Real Beverages
- Lack of Feasible Substitutes to Epoxy
- Issues & Challenges Hampering the Metal Cans Industry Wield Parallel Negative Impact on Can Coatings Market
- Detection of Lead in Canned Foods with Tin Coating Calls for Urgent Regulatory Action
FOCUS ON SELECT PLAYERS(Total 29 Featured)
- Eastman Chemical Company
- Wacker Chemie AG
- DIC Corporation
- Ball Corporation
- Flint Group
- Carl Schlenk AG
- Sam Young Ink & Paint Mfg. Co., Ltd.
- Hexion, Inc.
- ELANTAS GmbH
- VPL Coatings GmbH & Co KG
- Eagle Chemicals
For more information about this report visit https://www.researchandmarkets.com/r/y25j8d
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