Based on coating type, the can coatings market can be classified into epoxy, oleoresins, vinyl, phenolic, acrylic, polyester, and polyolefins. The epoxy coatings segment holds a major market share due to less expensive and easy coating process. However, epoxy coatings are being replaced with modern coatings due to their toxic nature. The governments of many countries have revised their norms applying bans over epoxy coatings. The manufacturing and food companies have started to replace epoxy with polyester and acrylic coatings and are even are developing non-BPA epoxy coatings. The polyester and acrylic coatings have a large potential in the near future.
In terms of coating technology, the can coatings market can be categorized into conventional solvent-borne, water-borne, UV-cured, and others. Conventional solvent-borne coating technology has the disadvantage of releasing high amounts of volatile organic compounds (VOCs). The solvent-borne technology is limited to very few companies and constitutes less market share compared to other technologies. In water-borne coating technology, water acts a main carrier and resins and organic solvents aid in viscosity control, wetting, and pigment dispersion. Water-borne coating technology is extensively employed by beverage can manufacturing companies. UV-cured technology is primarily employed for external coating of cans and is more expensive than any other technology. However, it offers the advantage of rapid curing and low process temperature. Powder coatings technologies are applied using electrostatic deposition and flame spraying and are heat-cured. Powder coating technology is slow paced and does not provide any variety in color, texture, and finish.
Based on application, the can coatings market can be classified into beverage cans, food cans, aerosol cans, and general line cans. The beverage cans segment holds a majority of the market share. Almost, 90% of the cans produced globally are either beverage cans are food cans.
Based on region, the can coatings market can be divided into North America, Europe, Middle East & Africa, Asia Pacific, and Latin America. The can coatings market is driven by the expanding food and beverage packaging industry. The U.S. alone has the production capacity of 100 billion cans per annum. Developed nations account for a major market share of the can coatings market. The market in Asia Pacific offers significant potential due to the expanding end-use industries in the region. Government regulations and norms restrain the expansion of the can coatings market in developed nations.
Key players operating in the global can coatings market include PPG Industries, Inc., The Valspar Corporation, Akzo Nobel N.V, Henkel AG & Co, National Paints Factories Co. Ltd., and Covestro AG.
Automatic Filling Bread Production Line
Automatic Capping Machine, Bottle Filling Machine - Shengguan,https://www.cnsgmach.com/