Can Coatings Market to reach USD 3.02 billion, will generate new growth opportunities 2023-2029 | Exactitude Consultancy
The global market for Can coatings estimated at USD 2.27 billion in 2022, is projected to reach a revised size of USD 3.02 billion by 2029 registering a compounded annual growth rate (CAGR) of 4.15% over the period 2023-2029.
“Can coatings market” 2023-2029 provide in-depth insights which includes size, shares, Gross Margin and growth Rate. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This report also present Revenue, structure of cost and the market data. Can coatings market gives exhaustive information of competitive assessment including quantitative analysis and qualitative analysis, ranges from a macro-overview of the total market size, industry chain and market dynamics to micro details of segment markets by type, application and region.
This Can coatings Market report contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Can coatings market.
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Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Can coatings market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the Can coatings market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Can coatings market is PPG Industries (US), Valspar (US), Akzo Nobel (Netherlands), ALTANA (Germany), KANSAI PAINT (Japan), Toyochem (Japan), National Paints Factories (Jordan), International Packaging Coatings (Germany), TIGER Coatings (Germany), and VPL Coatings (Germany) lea and others.
Industry News
- 8 NOVEMBER 2022, Starbucks has collaborated with Landor & Fitch to redesign its ready-to-drink portfolio for chilled coffee products, aiming to facilitate distinctiveness for the brand and build ‘stronger emotional connections’ with the drinks amongst its consumers.
- March 02, 2022 — Industry leading paint and coatings brand Valspar® announces a new line of exterior paint & primer called Valspar® Defense™. This innovative offering provides extreme protection through advanced water-beading technology to repel water year-round and help prevent moisture damage. Valspar® Defense™ Exterior Paint & Primer is available exclusively at Lowe’s® stores nationwide and online at Lowes.com.
Can coatings Market Segmentation:
Can Coatings Market by Type, 2023-2029, (USD Billion), (Kilotons)
- Epoxy
- Acrylic
- Polyester
- Others
Can Coatings Market by Application, 2023-2029, (USD Billion), (Kilotons)
- Food Can
- Beverage Can
- Aerosol Can
- General Line Can And
- Other
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Regional Framework
The North American can coatings market in the United States is expected to reach US$ 1.2 billion by the end of 2029.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Growth Drivers
- Rising Growth of Metal Industry
Finished steel consumption in India is expected to climb from approximately 130 MT in FY22 to approximately 229 MT by 2030-31.
- Growing Demand for Beverage Cans
One of the key causes expected to boost demand for beverage cans and, as a result, encourage the need for can coatings among beverage can makers is the rise in global beverage consumption. Each year, the United States produces over 100 billion aluminium beverage cans, or one can per person.
- Increasing demand for aerosol cans will drive the market’s growth
Aerosol cans have grown increasingly popular in various areas, including personal care, healthcare, and household care, which is driving up demand for aerosol cans. As a result, manufacturers are capitalising on this opportunity by increasing production of aerosol cans.
- Growing Transportation Industry
- Surge in Investment on Personal Care Product
- Growing Urban Population
This Report Also Includes:
» Can coatings Market Insights methodology
» Tactics and suggestions for new entrants
» Segmentation analysis
» Economic indices
» Companies’ strategic developments
» Can coatings Market growth drivers and restraints
» Selected illustrations of the market penetrations and trends
Crucial insights in Can coatings research report:
- Underlying macro- and microeconomic factors impacting the Sales of Can coatings.
- Basic overview of the Can coatings, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend and supply side analysis of Can coatings across various industries.
- Important regions and countries offering lucrative opportunities to market stakeholders.
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The Study Objectives are:
✔ An in-depth look at the key players in the Can coatings market, as well as the data that goes with them.
✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.
✔ Regional analysis, which includes information on the dominant Can coatings market and its share of the market.
✔ It also includes various socioeconomic factors that influence the market’s evolution in the region.
✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.
Key questions answered in the report:
✦ What is the Can coatings market’s growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Can coatings Market in the coming years?
✦ What are the most significant challenges that the global Can coatings Markets may face in the future?
✦ What are the top companies in the global Can coatings market?
✦ What are the main trends that are positively impacting the market’s growth?
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