Press release
Global Packaging Coating Market Outlook and Growth Forecast for the Period 2017-2022 || Key Players - AkzoNobel, Sherwin Williams, BASF SE, Evonik, Kansai Paints, Nippon paint, Solvay, Axalta
Get free Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=262
Significant Demand in Food and Beverages Industry
As preference for preservation of taste, smell, and nutritious value of the food products is increasingly, manufacturers witness significant demand for packaging coatings in the food industry. In order to ensure protection from adhesion and corrosion of the food products, manufacturers are using acrylic coatings in the food and beverages packages.
Construction Industry to Impact the Market Growth
Construction industry continues to witness considerable demand for packaging coating in order to protect aluminium coils and steel materials used during construction. Moreover, electronic appliances and roof coatings witness considerable demand in the construction industry. Several construction materials including roof, and electronic appliances need water-proof and anti-corrosion protection. Attributed to growing need for water-proof and corrosion resistance, demand for packaging coating such as acrylic coating is expected to rev up.
Construction materials are manufactured with thermoplastics including power tools, gear wheels, and cupboard hinges. As thermoplastics are sensitive to the changing temperature, several construction materials need protective packaging. Due to increasing need for protective packaging, manufacturers are increasingly using packaging coatings such as acrylic coatings for providing safety to the product.
Consumption in the Electronic Industry
Besides construction industry, packaging coating also witnesses considerable demand in the consumer products and electronics industry. With increasing application of thermoplastic materials among the manufacturers of the consumer products, demand for temperature sensitive packaging is expected to increase. Manufacturers prefer packaging consumer products including power tools, gear wheels, and cupboard hinges with acrylic coated packages to provide protection.
For more Information on this Report, click @ https://www.factmr.com/report/262/packaging-coating-market
Moreover, thermoplastic materials also witness high adoption in several industries including semiconductor and electronic packaging, industrial products, and automotive. Surge in demand for automotive, industrial, and electronic products is expected to impact growth of the global packaging coating market positively.
Food and Beverages to Represent a Leading Segment
As demand for protective packaging in the construction and electronic industry increases, manufacturers turn to acrylic packaging coating. Acrylic coating as compared to other coatings is expected to witness the highest revenue growth, representing over US$ 400 Mn by the end of 2022. However, fluoropolymer coating is expected to register the highest CAGR in the global market throughout 2022.
On the basis of packaging type, the flexible plastic segment is expected to witness the highest revenue growth, followed by the metal can segment. The flexible plastic segment is expected to represent a value of over US$ 200 Mn by the end of 2017. However, the liquid carton segment is expected to register the highest CAGR in the global packaging coating market.
Food and beverages segment as compared to other end users is expected to witness the highest revenue growth, representing a value of over US$ 400 Mn by 2022. The industrial product segment is expected to register the highest CAGR growth in the global market through 2022.
Coil & Sheet Coating is expected to witness the highest revenue growth as compared to other coating technology, accounting for a value of US$ 700 Mn by the end of 2017. However, spray coating and roll coating is expected to register the highest CAGR in the global packaging coating market through 2022.
Competitive Tracking
Leading market players in the global packaging coating market include PPG, AkzoNobel, Sherwin Williams, BASF SE, Evonik, Kansai Paints, Nippon paint, Solvay, Axalta, and DuPont.
Have Any Query? Discuss with Our Expert Team @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=262
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Packaging Coating Market Outlook and Growth Forecast for the Period 2017-2022 || Key Players - AkzoNobel, Sherwin Williams, BASF SE, Evonik, Kansai Paints, Nippon paint, Solvay, Axalta here
News-ID: 1237617 • Views: …
More Releases from Fact.MR
Silicon Carbide (Carborundum) Market Growth Trajectory to US$ 19 Billion by 2033
The global Silicon Carbide Market is projected to have grown at a compound annual growth rate (CAGR) of 16% and be valued US$ 19 billion.by the end of 2033, Silicon carbide's strong thermal conductivity and high voltage tolerance make it a useful material for electric vehicle power electronics. The market for silicon carbide is driven by the growing demand for electric vehicles and the corresponding requirement for SiC-based components such…
Hydrocarbon Solvents Market: Growth Forecast to Reach US$ 9.87 Billion by 2033
The global market for Hydrocarbon Solvents is anticipated to have grown at a compound annual growth rate (CAGR) of 4.1%. It is estimated to be worth US$9.87 billion by the end of 2033 Hydrocarbon solvents generated from petroleum are utilized in many consumer and industrial products to clean or dissolve things. The only constituents that comprise the organic solvents known as hydrocarbons are hydrogen and carbon atoms. Hydrocarbon solvents are…
Cryotherapy Market Forecasted to Achieve US$ 7,419.6 Million by 2034
The global cryotherapy market is expected to be $4,003.7 million in 2024, with a steady growth rate of 6.40% through 2034. The market is expected to exceed a valuation of $7,419.6 million by 2034.
Individuals around the world have adopted healthier lifestyles and exercise in recent years as the prevalence of lifestyle-related diseases has increased. This has subsequently led to an increased demand for post-exercise recuperation remedies. Cryotherapy, which includes exposing…
Additive Manufacturing Market Projected to Reach US$ 189.34 Billion with 21.6% C …
The global additive manufacturing market will be worth $26.79 billion in 2024. Sales of additive manufacturing technologies are expected to grow at a significantly high CAGR of 21.6% to US$ 189.34 billion by the end of 2034.
More businesses nowadays are inclined to sustainable manufacturing practices due to their favorable environmental effects. In comparison with traditional production, additive manufacturing provides several environmental advantages. Waste and energy minimization are two noteworthy advantages…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
