Can Coating Market Report: Trends, Forecast and Competitive Analysis to 2030

Can Coating Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

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

Lucintel 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

Q6. Which can coating market segment will be the largest in future?

Answer: Lucintel 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, Lucintel 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?

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