North America to be the Largest Market for Can Coatings in Food Cans Application


Posted June 28, 2018 by abhijeetw1

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.

 
The global can coatings market was valued at USD 1.85 Billion in 2016 and is projected to reach USD 2.27 Billion by 2022, at a CAGR of 3.4% during the forecast period. In this study, 2016 has been considered the base year and 2017-2022 as the forecast period for estimating the can coatings market size.

The objectives of the study are:

To analyze and forecast the global can coatings market, in terms of value and volume
To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
To analyze and forecast the size of the market on the basis of type and application
To estimate and forecast the market size on the basis of five regions, namely, Europe, Asia Pacific, North America, Middle East & Africa, and South America
To estimate and forecast the can coatings market at country-level in each of the regions
To analyze the market opportunities and competitive landscape of the market
To analyze competitive developments such as new product launches & developments, expansions, mergers & acquisitions, and joint ventures & partnerships in the can coatings market
To strategically identify and profile the key market players and analyze their core competencies*
https://www.marketsandmarkets.com/Market-Reports/can-coating-market-180348009.html

Acrylic can coatings: The fastest-growing segment of the can coatings market, by type

Acrylic resins can be produced by both suspension and solution polymerization. They mostly contain methyl methacrylate or its combination with other methacrylic esters. Acrylic-based can coatings offer clean appearance along with corrosion and sulfide stain resistance. However, these coatings are brittle, and there is a possibility of these coatings changing the odor and taste of foods. Hence, these coatings are mostly preferred for applications in general line cans. These factors are expected to lead to a high growth in the consumption of can coatings in the near future.

Beverages cans: The fastest-growing segment of the can coatings market, by application.

Beverage cans are used for alcoholic (beer) and non-alcoholic beverages (energy drinks, teas, fruit juices, herbal teas, soft drinks, etc.). Beverage cans offer a barrier against oxygen and light, hence retaining the flavor and freshness of beverages. In addition, beverage cans cool down faster than other materials (plastics), and hence are preferred by customers. The growth of this segment is attributed to the high demand for can coatings to coat beverage cans to maintain taste and flavor. Beverage can producers have to comply with strict regulations by food authorities regarding the quality of cans. This is also expected to drive the demand for can coatings in beverage cans applications.

North America: The largest can coatings market, by region

North America was the largest market for can coatings, in terms of value and volume, in 2016. The growth of the can coatings market in the region is mainly attributed to the established food & beverages industry. The US is expected to dominate the can coatings market in the region during the forecast period, due to the growing consumption of can coatings in food cans and beverage cans. High per capita expenditure on food and beverages has propelled the growth of the food & beverages industry in the region, and subsequently the metal cans production in the country to cater to high demand from this industry. This, in turn, is expected to drive the can coatings market.

Key Target Audience:

Regional Manufacturers’ Associations
Raw Material Manufacturers (companies involved in resins, solvents, and additives production)
Metal Can Producers
Traders, Distributors, and Suppliers of Can Coatings
Government and Regional Agencies and Research Organizations
Based on Type:

Epoxy
Acrylic
Polyester
Others
Each type is further described in detail in the report with volume forecasts until 2022.

Based on Application:

Food Can
Beverage Can
General Line Can
Aerosol Can
Others
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=180348009



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Issued By MarketsandMarkets
Country United States
Categories Business , Industry , Manufacturing
Tags can coatings , can coatings , can coatings market
Last Updated June 28, 2018