Can Coatings Segmentation
Application (Beverage Can, Food Can, General Line Can, Aerosol Can)
The global can coatings market is segmented and analyzed for demand and supply by application into the beverage can, food can, the general line can, aerosol can, and others. Out of the five types, the beverage can segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the surging demand for beverage cans. For instance, there is increasing consumption of beverages such as carbonated soft drinks, beer, and cider, which has accelerated the production of cans which in turn boosts the demand for can coating. The utilization of beverages can be escalating owing to rising concerns about sustainability and imposed ban on plastic packaging. Furthermore, coatings provide cans with strong resistance to moisture and chemicals, minimizing beverage contamination brought on by metal reactions. According to projections, the market share of cans for American beer and hard soda climbed by more than 60%.
Type (Acrylic, Epoxy, Polyester)
The global can coatings market is also segmented and analyzed for demand and supply by type into acrylic, epoxy, polyester, and others. Amongst these three segments, the epoxy segment is expected to garner a significant share. Epoxy is used in beverage cans, which is gaining popularity as they provide longer shelf life. Epoxy coatings make cans corrosion-resistant and eliminate any metal residues that can cause food poisoning. Furthermore, epoxy is also, used to create floors, adhesives, plastics, paints, varnishes, and more owing to its strong properties.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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