What's driving the Can Coating Market Growth? Key Players - Akzo Nobel, ALTANA, Toyochem, etc

By the increase in global supply of food and beverages, by the use of cans for preservation of chemicals in chemical and pharmaceutical industries, by increasing demand of soft drinks are the factors for the growth of the Can Coating Market

Market Size - USD 2.05 Billion in 2018, Market Growth - CAGR of 3.6%, Market Trends - new research in chemicals and composition are the trends in Can Coating Market

The global Can Coating Market was valued at USD 2.05 Billion in 2018 and is expected to reach USD 2.71 Billion by year 2026, at a CAGR of 3.6%. Can Coating Market is driven by the increase in global supply of food and beverages, use of cans for preservation of chemicals in chemical and pharmaceutical industries. World population is currently growing at the rate of around 1.07% per year in the year 2018-2019. Growth of the can coating market is subjected to the growth of food & beverages, personal care, chemical, and pharmaceutical industries. Development in global transportation, increasing global connectivity, and technology for preservation of food helps the food and beverage industries to expand their market at global level.

The growth of microorganisms and slowing down the oxidation of fats can be done by adding food preservatives. Adding food preservative become necessity during processing of the food for the manufacturer for the purpose of avoiding spoilage during the transportation time. America is the largest consumer of soft drink, In America, Production of aluminum beverage cans is around 100 billion a year, which is equivalent to one can per American per day. Aluminum weighs less than half an ounce, its thin walls withstand more than 90 pounds of pressure per square inch exerted by the carbon dioxide in beer and soft drinks.

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Key participants include PPG Industries, Akzo Nobel, ALTANA, Toyochem, International Packaging Coatings, TIGER Coatings, Valspar, KANSAI PAINT, VPL Coatings, Covestro AG, Henkel AG & Co

Segments covered in the report:

For the purpose of this report, Reports and Data has segmented Can Coating Market on the basis of material type, type of coating, application and region :

By Material Type (Revenue, USD Million; 2016-2026)

Epoxy

Acrylic

Polyester

Powder

Other

By Type of Coating (Revenue, USD Million; 2016-2026)

Interior Coating

Exterior Coating

By Application (Revenue, USD Million; 2016-2026)

Food container

Beverages

Chemical

Pharmaceutical

Other

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Further key findings from the report suggest

Beverages has the market share of 37.2% it is because of increasing demand for the soft drinks across the globe and practice for avoiding plastic usage, It has the highest CAGR 3.8% during the forecasted period

High percentages of consumption of soft drinks in children and adolescents are increasing. As per data 50.6% of preschool children age between 2 to 5 years, 64.1% of school age children (6 to 12 years), and 82.5% of adolescents consume soft drinks

Sugary drink consumption is rising significantly globally, due to widespread urbanization and beverage marketing. Increase in consumption of food and beverage will directly create the demand for the coated can

Growth of can coating market also subjected to the growth of personal care, chemical, and pharmaceutical industries. Can is used for storing chemicals in chemical and pharmaceutical industries

Following questions are answered in this report:

What is the estimated market size in terms of value and volume for the forecast duration by the year 2027?
Which segment promises to deliver the highest growth rate in the market?
Which region is expected to grow at a considerable pace in the coming years?
Which players dominate the global market in the forecast period?
What are the drivers and restraints affecting the market growth?

Table of Contents:

Introduction
Research Methodology
Report Summary
Can Coating Market Overview
Introduction
Drivers
Restraints
Market Trends
Porter's Five Forces Analysis
SWOT Analysis
Can Coating Market Analysis, By Product
Can Coating Market Analysis, By Application
Can Coating Market Outline, By Region North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Competitive Landscape
Company Profiles
Appendix

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