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Asia-Pacific Metal Packaging Coatings Market - Forecast(2024 - 2030)

Asia-Pacific Metal Packaging Coatings Market Overview

Asia-Pacific Metal Packaging Coatings Market size is forecast to reach US$1,990.4 million by 2027, after growing at a CAGR of 7.3% during 2022-2027. The preference for metal food & beverage containers in the Asia-Pacific region has been increasing rapidly, owing to its range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging. The development of new coating technologies which include Bisphenol A non-intent (BPA-NI) coatings are further fueling the growth of the market in the Asia-Pacific region. Moreover, increasing demand for metal packaging coatings from the pharmaceutical industry are further accelerating the growth of the market in the Asia-Pacific region. Also, strict regulations regarding the use of plastics in various countries across the Asia-Pacific region along with increasing product launches and developments associated with metal packaging is expected to increase the demand for metal packaging coatings for use in various end-use industries over the forecast period.

Covid-19 Impact

The COVID-19 outbreak led to major economic problems and challenges for the food & beverage, pharmaceutical, cosmetic, and other industries in the Asia-Pacific region. According to the International Monetary Fund (IMF), the GDP growth of the Asia declined by 1.3% and Australia by 2.4% as indicated in the graphs, owing to the economic impact of COVID-19. The governments all across the Asia-Pacific region announced strict measures to slow the spread of the coronavirus and only the production of essential commodities were allowed, which impacted the non-essential commodity industries, thereby impacting the production of metal packaging coatings as well. However, economic stimulus packages allotted for multiple sectors in the Asia-Pacific region and the start of industrial production activities since 2021 is improving the metal packaging coatings market growth in the Asia-Pacific region by its increasing utilization in various industries.

Report Coverage

The report: “Asia-Pacific Metal Packaging Coatings Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Asia-Pacific metal packaging coatings industry.

By Packaging Types: Food (2 piece and 3 piece), Caps & Closure (External and Internal), and General Line (External and Internal) By Coating Types: Water based, Solvent based, and Powder based. By Resins Type: Acrylic, Fluoropolymer, Urethanes, Epoxy (BPA and Non-BPA), Amines, and Others. By Application: Food (Sea Food, Meat, Infant Nutrition & Dairy, Vegetables, Catering, Biscuits, Cookies & Confectionary, Fats & Oils, Toppings, and Others), Pharmaceutical, Cosmetics, Personal Care, and Others. By Country: China, Japan, Thailand, Vietnam, India, Indonesia, Malaysia, and Rest of Asia-Pacific.

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Key Takeaways

China dominated the Asia-Pacific Metal Packaging Coatings Market in the year 2021. One of the key drivers driving the market is increasing use of metal packaging in food products such as fruits, vegetables, infant nutrition & dairy, bakery, and other similar products in order enhance the durability of metal packaging.

Increasing product launches for phenolic resins that are primarily used in a wide range of metal packaging coatings employed in food, pharmaceuticals, and other applications which require a smooth, durable, and spotless finish, has driven the market growth. For instance, In June 2020, companies such as Allnex GMBH, which has its presence in the Asia-Pacific region launched its new eco-friendly phenolic resin for use in BPAni application for metal packaging coatings.

Strict environmental regulations are driving metal packaging coating manufacturers in the Asia-Pacific region to adopt environmentally conscious practices, thus, the demand for water-based coatings are increasing significantly in the region.

Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Coating Types

The water based coating segment held the largest share in 2021 and is expected to grow at a CAGR of 8.2% by 2027. Water-based coating is an environmentally friendly surface treatment that disperses the resin used in the coatings using water as a solvent. They have a high degree of flexibility and reduce moisture and solar radiation absorption, thereby, resulting in fewer solvent emissions. The VOC (Volatile Organic Compounds) content in the water-based coating is significantly low, and since there are regulations restricting the high VOC content in Asia-Pacific is resulting in its increasing adoption by metal packaging coating manufacturers based in the region. For instance, in 2021, China launched its 14th Five-Year Plan, the chemical sector refocused its environmental protection goals on low-carbon transformation and comprehensive control of VOC emissions, as well as a considerable emphasis on encouraging low VOC products. Furthermore, as compared to solvent-based coatings, water-based coatings for metal packaging require less coating to cover the same surface area, cost less, and do not require any additives, thinners, or hardeners because they provide higher adherence. Thus, water-based barrier coatings are utilized to protect the metal packaging from external and internal effects by sealing the substrate surface.

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Asia-Pacific Metal Packaging Coatings Market Segment Analysis - By Application

Food sector held the largest share with 66% in the Asia-Pacific Metal Packaging Coatings Market in 2021 and is anticipated to grow at a CAGR of 7.4% during the forecast period 2022-2027. Metal packaging cans, containers, tins, and more are utilized for the packaging of the food because these types of packaging maintain the food filling's flavors and nutritional content ranging from months to several years. However, the direct contact between the metal packaging and food content filled inside the cans and other types of packaging are not safe. The direct contact between metal and food can degrade the food content, owing to this food-friendly coating are applied to safeguard the packaged food from corroding metal. The shifting the focus of Asia-Pacific packaging manufacturers from plastic to metal is expected to drive up the demand for metal packaging coatings for food cans. This is further projected to expand the market growth in the Asia-Pacific region. According to UACJ Corporation, between 2019 and 2022, global demand for aluminium used in cans will rise 11% to 6.61 million tons per year. Southeast Asian countries are likely to account for half of that demand, according to the report. Thus, rising demand for cans will accelerate the production for aluminium cans, which further benefits the metal packaging coatings demand.

Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Country

China dominated the Asia-Pacific Metal Packaging Coatings Market in terms of revenue with a share of 59% in 2021 and is projected to dominate the market during the forecast period (2022-2026). In China, the metal packaging coatings market is fueled by the growth of the country’s food & beverage sectors. For instance, according to the China Chain Store & Franchise Association, China’s food and beverage sector was valued at around US$ 595 billion in 2019, an increase of 7.8% in comparison to 2018. Metal cans offer a range of benefits such as better food protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging such as paper or plastic packaging. In August 2020, ORG technology, the Chinese manufacturer of food cans, launched its white paper on the strategic development of food cans. The company focused on coated iron metal cans with moisture-proof, environmental protection, safety, corrosion resistance, anti-extrusion, and other characteristics to gain traction in the market. In this way, such increasing food production along with the development of food cans in China, owing to its various benefits as mentioned above, is expected to increase the demand for metal packaging coatings to further enhance the durability of such food cans. This is expected to accelerate the growth of the market in China during the forecast period.

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Asia-Pacific Metal Packaging Coatings Market Driver

Increasing Preference for Metal Containers in Food & Beverage Sector

Metal packaging coatings are primarily used to coat different metals such as steel, aluminum, tin-plate, and more that are used for food & beverage packaging in order to enhance its ability to resist corrosion. Metal containers offer a range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging such as paper or plastic packaging. For instance, vegetables, fruits, pet food, soups, and meats are often packaged in metal cans. Canning foods help prolong their shelf life and can help people afford to make healthy dietary choices. Similarly, soda, beer, and even wine are usually packaged in aluminum cans since aluminum beverage cans are the most recycled category for aluminum products, with nearly 50 percent of all cans recycled annually. Thus, all of these benefits of metal containers are driving its demand over other types of packaging. As a result, many companies in the Asia-Pacific region have begun packaging their food & beverages in metal containers. For instance, in February 2021, Responsible Whatr, a brand based in India, launched spring water in aluminum beverage cans made by Ball Corporation, a leading manufacturer of aluminum packaging. The company intends to create a brand that signifies sustainability and become a significant contributor to the circular economy. In July 2020, Showa Aluminum Can Corporation (SAC), metal packaging manufacturer, launched its third aluminum can manufacturing facility in Vietnam with an overall plant capacity of 1.3 billion cans per year in order to meet the growing demand for metal packaging from the food & beverage sectors of the country. Thus, such increasing preference and use of metal containers in the Asia-Pacific region are expected to increase the demand for metal packaging coatings to further enhance the durability of the metal containers, thus, accelerating the growth of the market in the Asia-Pacific region.

Growing Demand from the Pharmaceutical Industry

Metal packaging coatings are primarily used in the pharmaceutical industry in order to provide protection to the metal from atmospheric corrosion and support decoration, labeling, and consumer information. Its range of benefits such as impermeability to light, moisture, gases, and water, durability, light-weight, and ease of printing labels directly onto the metal surface make them ideal for use in the pharmaceutical industry. Thus, an increase in pharmaceutical production in the Asia-Pacific region is expected to drive the market growth during the forecast period. According to Vietnam’s Ministry of Health, the pharmaceuticals industry is expected to grow at the rate of 10% per year from 2017 to 2028, owing to an increase in pharmaceutical production and sales in the country. Also, according to International Trade Administration, the local pharmaceutical production in Japan reached up to US$59,958 in 2017, US$62,570 in 2018, US$87,027 in 2019, and US$84,600 in 2020 respectively. thus, indicating an increase in pharmaceutical production in Japan per year. An increase in pharmaceutical production is expected to drive the demand for metal packaging coatings in the pharmaceutical industry, thus accelerating the growth of the market in the upcoming years.

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Asia-Pacific Metal Packaging Coatings Market Challenges

Volatility of Raw Material Prices

Primary raw materials including resins, solvent, and more used in the production of metal packaging coatings are derived from crude oil. As a result, fluctuations in the prices of crude oil in the Asia-Pacific region may hinder the growth of the market. For instance, India’s Crude Oil Basket (COB) reached US$19.90 per barrel, which was the lowest record since February 2002. During the first 11 months of the year 2020-21, the average annual price of India’s COB was around US$42.72 per barrel, which decreased by 30% than the average COB price in 2019-20. Likewise, as per revised estimates for 2020-21, the COB has increased by around 35% from its initial budget estimate. Since October 2021, Vietnam has also witnessed a spike in demand for crude oil. According to the oil price, the price of light crude oil exceeded US$94.38 per barrel in February 2022, an increase of 3.63% that is equivalent to US$3.3, the highest record since November 2014. Similarly, the price of Brent crude oil also increased and reached up to US$95.39 per barrel, an increase of 1.98% which is equivalent to US$1.85.

Asia-Pacific Metal Packaging Coatings Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Asia-Pacific Metal Packaging Coatings Market. Asia-Pacific metal packaging coatings top 10 players include:

The Sherwin Williams Company

PPG Industries Inc.

AkzoNobel N.V.

Kansai Paint Co., Ltd.

Altana AG (Actega)

Henkel AG & Co. KGaA

Axalta Coating Systems Ltd.

Eason & Co.

Toyochem Co., Ltd.

Kangnam Jevisco Co., Ltd. and Others.

Recent Developments

In June 2021, AkzoNobel has invested in research and development activities associated with packaging coatings. The research is primarily focused on development of a new, and recyclable coating through use of bio-derived polyelectrolytes. These polyelectrolytes are 100% natural and are extracted from shrimp shells or waste from the wood processing industry. The versatility of natural polyelectrolytes will allow the company to become less dependent on synthesized polymers for packaging coatings.

In May 2021, ALTANA completed its acquisition of the closure materials business of Henkel group, a chemical and consumer goods manufacturing company with a strong regional presence in the Asia-Pacific region. Within the ALTANA Group, the business will be integrated into the ACTEGA division and globally assigned to the metal packaging solutions business line including the Asia-Pacific region. The main objective of this acquisition is to strengthen the company’s focus on innovative specialty chemicals.

In March 2021, Toyochem launched a new line of Bisphenol A non-intent (BPA-NI) internal coatings for metal beverage bottles and cans. These coatings are based on acrylic emulsion and polyester resins. The new BPA-NI internal sprays and coil coatings for stay-on tab (SOT) ends are specially formulated to achieve the required performance results, while addressing BPA-related health and food safety concerns from regulators and consumers in the Asia-Pacific region and worldwide.

#Asia-Pacific Metal Packaging Coatings Market #Asia-Pacific Metal Packaging Coatings Market Share #Asia-Pacific Metal Packaging Coatings Market Size #Asia-Pacific Metal Packaging Coatings Market Forecast

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industrynewsupdates · 5 days ago

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Key Trends Driving the Growth of the Waterborne Coatings Market

The global waterborne coatings market was valued at USD 57.67 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is primarily driven by the expanding construction sector worldwide. As industrialization and urbanization continue to accelerate, there is a notable increase in construction activities, which is expected to significantly boost the demand for waterborne coatings during the forecast period. One key factor contributing to this surge in demand is the ongoing shift in the coatings industry from using low- or high-volatility organic solvents to fully solvent-free formulations, which have lower emissions and are considered more environmentally friendly. This trend is anticipated to benefit waterborne coatings, especially in both residential and commercial applications, where they are commonly used in interior and exterior wall paint formulations.

Additionally, waterborne coatings are gaining traction in the automotive sector, driven by increasing demand from automobile applications. To meet this demand, coating manufacturers are investing in research and development to reduce manufacturing costs, which in turn is expected to lower the price of waterborne coatings. This shift is also being encouraged by regulations that require automobile manufacturers and refinishing companies to move from solvent-borne coatings to waterborne systems, which contain significantly fewer volatile organic compounds (VOCs). While conventional solvent-borne coatings typically contain about 84% VOC content and 16% solids, waterborne coatings consist of about 70% water, 20% solids, and 10% solvent, making them less harmful to human health. The adoption of waterborne coatings in the automotive sector is expected to be a significant driver of market demand over the next several years.

Gather more insights about the market drivers, restrains and growth of the Waterborne Coatings Market

Application Insights

In 2022, the architectural application segment dominated the market, accounting for 87.1% of total revenue. Waterborne coatings play a crucial role in architectural coatings, with their share expected to grow substantially over the next 7 to 10 years, largely driven by stricter regulations on VOC emissions. Increased construction spending in emerging economies, particularly in the Asia Pacific, Latin America, and Middle East regions, is likely to fuel further growth in this segment. As income levels rise in these regions, the demand for waterborne coatings in architectural applications, including residential, commercial, and institutional buildings, will continue to rise.

Additionally, the increasing use of acrylic-based coatings in industrial applications is expected to further propel market growth. The development of new products, such as insulation and sound-damping coatings, is also likely to create lucrative opportunities for industry players in the architectural and industrial segments.

In general industries, waterborne coatings are gaining popularity due to their beneficial properties, such as excellent resistance to ultraviolet (UV) light, toughness, flexibility, and overall durability. These attributes are expected to drive further market expansion in the coming years. Waterborne coatings are also in demand in the food and beverage industry, particularly for metal packaging applications such as beverage cans and canned food products. Changing consumer habits, coupled with a busier lifestyle, are increasing the demand for packaged foods, which in turn is expected to drive the need for waterborne coatings in food and beverage packaging over the next seven years.

Overall, the growing focus on environmental sustainability, along with the expanding applications of waterborne coatings across multiple sectors—including construction, automotive, and food & beverage packaging—is expected to support significant market growth through 2030.

Order a free sample PDF of the Waterborne Coatings Market Intelligence Study, published by Grand View Research.

#Waterborne Coatings Market #Waterborne Coatings Market Analysis #Waterborne Coatings Market Report #Waterborne Coatings Industry

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marketingreportz · 14 days ago

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Wax Emulsion Market - Forecast(2024 - 2030)

Wax Emulsion Market Overview

Sample Report:

The emergence of COVID-19

The outbreak of COVID-19 has negatively impacted the wax emulsion market. The abrupt closure of production centers in China, and its impact caused chaos among global auto manufacturers in European Union, US, India, and South America region. For instance, Toyota Motor Corporation reported a YoY sales decline of 26%, May’s unit sales were almost double that of April, which fell 56% YoY.

Additionally, Sales of new-energy vehicles (NEVs) in China in June fell 35% YoY to 85,600 units, following a drop of 26% in May and 30% in April. The demand for wax emulsion lowered due to the declining automotive industry. In addition, a decrease in purchasing capital lowered construction activities and demand for apparel. According to the National Bureau of Statistics of China, the online retail sales of clothing goods decreased by 18.1 percent, substantially hampering the growth of the wax emulsion market.

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Wax Emulsion Market Report Coverage

The report: “Wax Emulsion Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wax Emulsion Market.

By Type: Natural (Animal, Vegetable and Minerals), and Synthetic (Polyethylene, Polypropylene, Paraffin, poly tetrafluoroethylene (PTFE), Fischer-Tropsch, and Others)

By Application: Wood Coatings, Adhesive & Sealants, Printing Inks, Fiberglass Insulation, Metal Polish, Lubricants, Textile Finish, cold creams, lipsticks, Tires, and Others

By End-Use Industry: Paint & Coatings, Building & Construction (Residential, Commercial, Industrial, and Infrastructure), Textile & Leather, Pulp & Paper, Cosmetics and Personal care, Automotive (Passenger Cars, Light Commercial Vehicle, and Heavy Duty Vehicles), Packaging, Wood Processing, and Others.

By Geography: North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (the Middle East, and Africa)

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Key Takeaways

● The U.K has shown significant growth in the wax emulsion market due to its high demand from wood processing industries for the protection of woods from water and prevent rotting.

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Wax Emulsion Market Segment Analysis — By Type

Synthetic segment held the largest share of more than 60.23% in the Wax Emulsion market in 2023. Synthetic wax emulsions are synthesized from synthetic polymers such as polyethylene, polypropylene, polytetrafluoroethylene, and many more. Synthetic wax emulsions are long-lasting, abrasion-resistant and provide good protection from contaminants like dust, grime, and corrosion. Thus, the availability of synthetic wax emulsion with varied properties makes it suitable for numerous applications including paints & coatings, cosmetics, and construction, significantly augmenting the market growth. However, increasing environmental concerns are driving the demand for natural wax emulsions such as Lanolin, Beeswax, Carnauba, and Candellila waxes.

Polyethylene wax segment consists of low-density polyethylene (LDPE) and High Density Polyethylene (HDPE) and is obtained by polymerization of Ethylene monomers. Physical attributes such as water-repellence, abrasion resistance, slip control, lubrication, and anti-blocking are contributing to the growth of polyethylene wax emulsion. Polyethylene wax emulsion manufactures more easily and is cost-effective. Surging use of polyethylene wax emulsion in lithographic and flexographic inks for an improved rub and mar resistance and slip characteristics also aids the market growth.

Wax Emulsion Market Segment Analysis — Application

Wood Coatings segment is projected to witness the highest CAGR of 6.4% during the forecast period. Wax emulsions are extensively used in paints & coatings as they provide a consistent neutral color and offer formulators maximum flexibility in pigmented applications. Wax emulsions also improve the durability of water-based paints, by offering excellent scratch- and abrasion resistance. An increase in building and constructions has proliferated the demand for paint & coatings.

Hence, surging demand for paints and coatings as a consequence of huge constructional activities may bolster the growth of the wax emulsion market.

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Wax Emulsion Market Segment Analysis — End-Use Industry

Textile and leather segment held the largest share of more than 26% in the wax emulsion market in 2023. Wax emulsions are used in the textile and leather industry for waterproofing of textile and leather substrates, modifying the frictional properties of fibers, yarns, and sewing threads for better processability, and for enhancing the performance of finishing compounds such as softeners, silicones, and resins. They also provide superior fabric properties such as improved flex abrasion resistance, tear strength, and sewability. Owing to the above benefits the demand for wax emulsions is increasing from textile and leather industries. The Advanced Functional Fabrics of America Institute (AFFOA) brought over $300 million in public-private investment to develop futuristic fabrics and textiles helping to accelerate the revival of textile manufacturing in the United States. The thriving textile industry across the globe and vast technological advances may boost the global demand for wax emulsion.

Wax Emulsion Market Segment Analysis — By Geography

Asia Pacific dominated the Wax Emulsion market with a share of more than 41% in 2023 followed by North America and Europe. Increasing per-capita income and adoption of western culture in emerging economic nations especially in China, and India has boosted the growth of fashion industry and also increased the demand for leather. Increasing demand for apparel and expansion of textile industries across the country is also aiding the growth of market.

With the rising popularity of functional textiles that offer additional properties like water repellency, UV protection, and stain resistance, the demand for wax emulsions in textile coatings and finishes is on the rise. The growing demand for leather and apparel products in emerging markets, coupled with increasing disposable incomes and changing consumer preferences, presents significant opportunities for wax emulsion manufacturers to expand their presence and capture a larger market share in these regions. Thus huge spending on apparels and leather articles escalate the growth of the wax emulsion market.

Wax Emulsion Market Drivers

Growing demand from automotive industries

Wax Emulsions are water repellent, hence its use in automotive paints and polishes prevents water from accumulating in nooks and crannies of car’s surface thereby reducing the risk of corrosion and prevents the formation of water stains and spots on the surface. Wax emulsion are also used as lubricants and in car’s interior leather for matt effect and smoothness. Increase in standard of living coupled with high disposable income boosts the demand for automotive.

Automotive manufacturers prioritize the aesthetic appeal of vehicles to attract customers. Wax emulsions contribute to achieving a glossy finish and enhancing the appearance of automotive coatings, making vehicles more visually appealing to consumers. Continuous innovations in wax emulsion formulations cater to the evolving needs of the automotive industry. Advanced wax emulsions offer improved performance characteristics such as enhanced durability, scratch resistance, and water repellency, meeting the stringent requirements of automotive manufacturers and contributing to market growth. Thus rise in automotive demand augments the growth of the wax emulsion market.

Increasing use of paper and pulp as a substitute for plastics

Increasing environmental concerns and the use of paper as a substitute for plastics drive the growth of the wax emulsion market. In paper coatings, the wax emulsion is added to the coating mixture to reduce dusting during calendaring, to increase water repellency, to improve flexibility, and to raise gloss. When used as sizing in the paper, the wax emulsion helps prevent aqueous solutions, such as ink, from soaking into the paper and paperboard. According to an environmental paper network (EPN), paper use is steadily increasing year on year and exceeded 412 million tons per year in 2023. Also, total paper and paperboard demand for domestic applications such as tissue paper, newsprint, boxboard, etc. reached to 26,592 thousand metric tons in 2023 in Japan, according to the Japan paper association. Therefore, accelerating use for paper augments the demand for wax emulsions for paper sizing.

Wax Emulsion Market — Challenges

Volatility in prices of raw material

The raw materials often used for manufacturing waxes emulsion such as paraffin, polyethylene, and polypropylene are derived from the crude oil. So, fluctuation in oil prices also hampers the prices of wax emulsions. According to, BP Statistical Review of World Energy, in the recent year there is been an increase in the price volatility of crude oil, such as the crude oil price increased from $81.12 in 2022 to a price of $97.67 per barrel in the financial year 2023 hovering a high price rise, and because of this uncertainty in crude oil prices, the price of wax emulsions also increases. The volatility in crude oil prices is expected to be a significant challenge for wax emulsion manufacturers during the forecast period.

Wax Emulsion Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Wax Emulsion market report. Major players in the Wax Emulsion market are:

1. The Dow Chemical Company

2. Exxon Mobil Corporation

3. Momentive Performance Materials Inc.

4. Michelman, Inc.

5. Lubrizol Corporation

6. BASF SE

7. Croda International Plc

8. Arkema SA

9. Lanxess AG

10. Huntsman Corporation and others

Acquisitions / Technology Launches:

● Münzing Group’s Production Plant Inauguration (July 21, 2022): The Münzing Group inaugurated a state-of-the-art production plant in Zeitz Chemical and Industrial Park. This significant investment of EUR 50 million resulted in the creation of 40 new jobs.

For more Chemicals and Materials Market reports, please click here

#WaxEmulsion #SurfaceCoatings #IndustrialChemicals #EmulsionTechnology #ProtectiveCoatings

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ananya5400 · 1 month ago

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Food and Beverage Metal Cans Market Report, Size, Share, Growth, Trends, Competitive Landscape, Forecast to 2029

The food and beverage metal cans market size is estimated at USD 50.42 billion in 2024 and is projected to reach USD 70.72 billion by 2029, at a CAGR of 7.0% from 2024 to 2029. Metal packaging is superior for food preservation compared to other materials, offering extended shelf life and enhanced safety. The advantages begin with the material itself. Metal is an excellent choice for packaging because it effectively blocks air, light, and moisture—the three main threats to food preservation. It is also durable, rigid, and highly resistant to punctures. Metal can endure high temperatures, making it suitable for specialist canning processes used to preserve meat, fish, and vegetables that would otherwise spoil quickly. By steam-exhausting and sealing perishable goods while still hot, all bacteria are eliminated, ensuring the food remains safe and consumable for months.

Furthermore, metal is ideal for carbonated beverages that require bottling under high pressure. Steel and aluminum bottles have now surpassed glass in popularity for fizzy drinks, as they provide better protection while being lighter and less prone to breakage than glass. texture.

Food and Beverage Metal Cans Market Drivers: Recyclable properties of metal cans

Recycling plays a crucial role in the modern aluminum can industry, driving its growth. Recycling aluminum requires only about 5% of the energy needed to produce new aluminum, leading to reduced carbon emissions and cost savings for both businesses and consumers. Consequently, nearly 75% of all aluminum ever produced remains in use today, according to industry data.

Steel, on the other hand, is fully recyclable and can contain up to 25% recycled material. It is also the most energy-efficient metal for can production. These characteristics make metal cans ideal packaging material for a wide range of products, including food, beverages, aerosols, pet food, and various household and industrial items.

What is a distinguishing feature of bright coating cans used in the food and beverage industry?

The food & beverage metal cans coating type market is divided into two segments: bright coating cans and white base cans. Bright coating cans are metal cans used in the food and beverage industry, distinguished by their glossy, reflective finish. This coating enhances the visual appeal of the cans, giving them a sleek, shiny appearance that stands out on store shelves. Beyond aesthetics, the bright coating provides an added layer of protection, making the cans more resistant to scratches, wear, and corrosion. Often used for beverages like energy drinks, sodas, and craft beers, these cans are designed to attract consumer attention. Despite their premium look, bright coating cans retain the lightweight, durable, and recyclable qualities of metal cans, supporting sustainability efforts.

Pressurized Cans Expected to Experience Higher Growth in the Food and Beverage Metal Cans Market Due to Increased Internal Pressure.

Aluminum and steel packaging, often referred to as General Line or Specialty Cans, have emerged as premium choices in the consumer products market due to their versatility across both food and non-food applications. These lightweight materials provide a cost-effective and impact-resistant solution, making them ideal for various products. Additionally, the smooth surface of metal cans presents a prime opportunity for brand marketing, allowing companies to showcase innovative designs and differentiate their products. The flexibility of steel and aluminum enables unique, eye-catching packaging that enhances product appeal. Aerosol cans, a part of this category, are also 100% recyclable, making them an environmentally friendly option. The rigidity of steel ensures product preservation, while the spill-proof nature of these containers adds to their convenience for consumers.

Asia Pacific is expected to dominate the food and beverage metal cans market share.

According to the United Nations Population Fund (UNFPA), the Asia and Pacific region is home to 60 percent of the global population, totaling approximately 4.3 billion people, including the world’s most populous countries, China and India. Following significant growth in 2023, the Asia-Pacific (APAC) region is projected to be the fastest-growing region in the global economy in 2024. This growth will be driven by robust domestic demand in East Asia and India, along with a modest recovery in East Asian exports. This fast-paced growth of population and industrialization will boost the market of metal cans in APAC.

Top Food and Beverage Metal Cans Companies

Key players operating in the food and beverage metal cans market include Crown Holdings, Inc (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CCL Industries (US), CAN-PACK S.A (Poland), Kian-Joo Group (Malaysia), CPMC Holdings (China), Envases Group (Spain), and Toyo Seikan Group Holdings, Ltd. (Japan). These players in this market are focusing on increasing their presence through expansion and collaboration. These companies have a strong presence in North America, Asia Pacific, and Europe.

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trendingrepots · 2 months ago

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Advanced Materials Market - Forecast(2024 - 2030)

Advanced Materials Market Overview

Advanced Materials Market is forecast to reach $2.1 trillion by 2025, after growing at a CAGR of 4.5% during 2020-2025. Advanced Materials is a promising technology transforming the global manufacturing industry, especially in its replacement of plastics and metals with ceramics and composites in high-performance applications. Growing public interest towards end products replacements will further enhance the overall market demand for advanced materials during the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞

Advanced Materials Market Report Coverage

The report: “Advanced Materials Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Advanced Materials Industry.

By Product Type - Light Weight Materials, Bio-Based Materials, Ceramics, Colloids, Nanomaterials, Smart Materials, Catalysts, Fibers, Plastics, Resins, Composites, Polymers, Woven & Non-Woven Materials, Conductive Materials, Organic Materials, Insulation Materials, Packaging Materials, Biomedical Materials, Graphene and Others.

By End Use - Building & Construction Industry, Aerospace Industry, Marine Industry, Defense, Automotive Industry, Electrical & Electronics Industry, Oil & Gas Industry, Health Care Industry, Paints & Coatings Industry and Others.

By Geography – North America, South America, Europe, APAC, RoW.

Key Takeaways

Asia-Pacific dominates the advanced materials market owing to increasing demand from various end use industries such as automotive, aviation, building & constructions with others.

The demand for ceramics has been on the rise due to their application in the production of medical devices. As uptake of ceramics will continue to remain high as the healthcare industry grows and the need for medical attention surges during the forecast period, is likely to aid in the market growth of advanced materials

COVID 19 pandemic will create few hurdles for the advanced materials market.

Advanced Materials Market Segment Analysis - By Product Type

Ceramics segment holds the largest share in the advanced materials market. Advanced ceramics such as alumina, aluminum nitride, zirconia, silicon carbide, silicon nitride and titania-based materials, each with their own specific characteristics, offer a high-performance, economic alternative to conventional materials such as glass, metals and plastics. Physical properties such as hardness, strength, wear resistance, corrosion resistance and thermal stability are considered while choosing a material. Each of these can be optimized depending on the choice of material. Several ceramic materials are favored and have a proven track record for their mechanical, electrical, thermal and/or chemical properties.

Advanced Materials Market Segment Analysis - By End Use

Automotive sector has been the primary market for Advanced Materials. China is APAC’s largest fuel consumer, and the world's second largest consumer after the U.S. U.S. and China held a share of 20 and 14 percent respectively in the world oil consumption as reported by the BP Statistical Review of World Energy. The automotive industry is currently tackling increasing demands for improvements in fuel economy and emission control. Therefore, there is a great deal of interest in the usage of advanced materials such as advanced high-strength steels, non-ferrous alloys (aluminum and titanium), and a variety of composites (carbon fiber and metal matrix) to produce lightweight vehicles. Owing to the increasing demand for lightweight vehicles the advanced materials market will grow.

Advanced Materials Market Segment Analysis - By Geography

APAC has dominated the Advanced Materials market with a share of more than xx%, followed by North America and Europe, Owing to the increasing number of industries and rising manufacturing activities in the emerging countries of the region, such as China and India. While some advanced materials are already well known as groups such as polymers, metal alloys, ceramics, semiconductors, composites and biomaterials. Due to the usage of the end products in industries such as automotive, electronics and others are the driving the market of advanced materials market. In the automotive sector, the adoption of safety-related electronics systems has grown explosively. Automotive various semiconductor devices in cars, including microcontrollers (MCUs), sensors and memory are the major parts.

Advanced Materials Market Drivers

Evolving Aviation Sector

The aerospace industry is constantly evolving due to the increasing requirement and subsequent introduction of new materials to replace the existing ones. Composite parts of aircrafts are defined by their material, processing, manufacturing specifications, and material allowed by engineering. The amount of carbon fiber reinforced polymer (CFRP) used in their structure is only slightly less than the number of metals. Along with these, other reinforced matrices are also employed. As aircraft climbed higher and faster, aluminum eventually became the go-to material.

Growing demand for battery electric vehicles

The shift towards electric vehicles in the developed and developing nations would increase the growth of existing IC engine vehicles and also increase the advanced materials market over the forecast timeframe. According to IEA, Norway, the Netherlands and Japan are frontrunners in the electronic vehicles segment. Norway held the share of 46 percent in terms of the global new electric car sales as reported by IEA in 2018. In order to meet zero emission targets under the “Paris Climate Accord”, in 2017, France government has announced that it will ban diesel and gasoline-powered vehicles completely and switch to electric powered vehicles by 2040.

Advanced Materials Market Challenges

High Prices of Advanced Materials

Prices of advanced materials are very high compared to their traditional counterparts. For instance, carbon fiber reinforced polymers are widely used in a diverse range of aerospace, sports, and wind energy applications, owing to their outstanding mechanical and thermal properties at high temperatures. However, the current prices for the production of carbon fiber’s traditional counterparts (e.g. aluminum) are fi

#Advanced Materials Market price #Advanced Materials Market size #Advanced Materials Market share

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mohankunmars · 2 months ago

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Asia-Pacific Metal Packaging Coatings Market - Forecast(2024 - 2030)

Asia-Pacific Metal Packaging Coatings Market size is forecast to reach US$1,990.4 million by 2030, after growing at a CAGR of 7.3% during 2024-2030. The preference for metal food & beverage containers in the Asia-Pacific region has been increasing rapidly, owing to its range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging.

#Asia-Pacific Metal Packaging Coatings Market size #Asia-Pacific Metal Packaging Coatings Market #Asia-Pacific Metal Packaging Coatings Market Share

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tamanna31 · 3 months ago

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Printing Inks Market Key Vendors, Manufacturers, Suppliers and Analysis Industry Report 2028

Printing Inks Industry Overview

The global printing inks market size was valued at USD 19.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2021 to 2028. The market is expected to witness moderate growth over the forecast period. Factors such as the growing end-use industry, including flexible packaging, commercial printing & publishing, packaging labels, have majorly driven this market.

The superior properties of the constituents such as pigments, binders, solubilizers, and additives to produce text, design, or images along with rising demand from the packaging sector, commercial printing, and changing consumer preference, these solutions are expected to have unceasing demand in the future.

Gather more insights about the market drivers, restrains and growth of the Printing Inks Market

The global printing inks market is heading toward major consolidations to increase efficiency, support growth, and achieve more leverage with suppliers and customers. Market consolidation has become a long-term trend, particularly in the western market, with limited organic growth.

However, downward pricing pressure is expected to limit the revenue growth in the printing inks market owing to the slow growth in product pricing caused by high competition within the industry. Moreover, stringent regulatory frameworks such as Federal Food, Drug, and Cosmetic Act and the U.S. Food and Drug Administration are limiting the usage, manufacturing, and distribution of various inorganic solvents and toxic metals. This, in turn, is expected to hamper the market growth over the forecast period.

Apart from crude oil derivative and inorganic pigments, which are major raw materials, the development of economical and non-toxic raw materials such as graphene, carbon, and modified celluloid is the research initiative at the forefront. This market is strongly affected and driven by advancements in technology and processes such as ink-jet products and digital printing.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• The global fluorescent pigment market size was estimated at USD 377.0 million in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2030.

• The global ceramic coating market size was estimated at USD 10.37 billion in 2023 and is expected to grow at a CAGR of 8.4% from 2024 to 2030.

Global Printing Inks Market Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global printing inks market on the basis of product, resin, application, and region.

Product Outlook (Revenue, USD Million, 2016 - 2028)

Gravure

Flexographic

Lithographic

Digital

Others

Resin Outlook (Revenue, USD Million, 2016 - 2028)

Modified rosin

Modified cellulose

Acrylic

Polyurethane

Others

Application Outlook (Revenue, USD Million, 2016 - 2028)

Packaging & labels

Corrugated cardboards

Publication & Commercial Printing

Others

Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America

Canada

Mexico

Europe

Germany

Italy

Asia Pacific

China

Japan

India

Central & South America (CSA)

Brazil

Middle East & Africa

Printing Inks Market Share Insight

The global ink industry is extremely competitive owing to the presence of vertically integrated key players with technologically advanced solutions & equipment and procurement & distribution channels. The industry has witnessed a strong consolidation period in different regions which include, expansions, mergers, and acquisitions, making the industry highly competitive. Some expansion strategies include Epple Druckfarben Italia S.r.I in Milan, Italy, subsidiary of Epple Druckfarben for superior quality German offset printing inks in Italy and Kansas, U.S. plant which was an expansion strategy of Sakata Inx Corporation. Major market players include:

Flint Group

DIC Corporation

Siegwerk Druckfarben AG & Co. KGaA

Sakata Inx Corporation

T&K TOKA Corporation

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

DEERS I CO., Ltd.

Epple Druckfarben AG

TOYO INK SC HOLDINGS CO., LTD.

Hubergroup

TOKYO PRINTING INK MFG CO., LTD..

Order a free sample PDF of the Printing Inks Market Intelligence Study, published by Grand View Research.

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gireportstory · 3 months ago

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Corona Treatment System Market Size, volume, Revenue, Trends Analysis Report 2024-2030

Global Info Research announces the release of the report “Global Corona Treatment System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030” . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided. In addition, the report provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

According to our (Global Info Research) latest study, the global Corona Treatment System market size was valued at USD 737.8 million in 2023 and is forecast to a readjusted size of USD 1029.9 million by 2030 with a CAGR of 4.9% during review period.

Corona treatment is a surface modification process that uses an electrical discharge to increase the surface energy of materials, resulting in improved wetting, adhesion, and printing capabilities. A Corona Treatment System is a machine that is specifically designed to perform this process. The system typically includes a corona discharge generator, an electrode assembly, and a material handling system.

Corona Treatment Systems can be designed to handle a wide range of materials, including papers, films, fabrics, plastics, and metals. The system can be customized based on the material type, thickness, and width, as well as the desired treatment level. The Corona Treatment System is widely used in the plastics, printing, packaging, and automotive industries, where it is used to prepare surfaces for printing, laminating, and coating. It is also used to improve adhesion in composite materials and to reduce static charges on plastics and films.

Global key players of corona treatment system include Baldwin Ahlbrandt, Enercon Industries, Pillar Technologies (ITW), Arcotec, Corotec (Inductotherm), etc. The top five players hold a share over 30%.

North America is the largest producer, has a share about 35%. In terms of product type, narrow web corona treatment system is the largest segment, occupied for a share of 67%, and in terms of application, Automotive has a share about 24 percent. The Global Info Research report includes an overview of the development of the Corona Treatment System industry chain, the market status of Packaging (Narrow Web Corona Treatment System, Wide Web Corona Treatment System), Automotive (Narrow Web Corona Treatment System, Wide Web Corona Treatment System), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Corona Treatment System.

Regionally, the report analyzes the Corona Treatment System markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Corona Treatment System market, with robust domestic demand, supportive policies, and a strong manufacturing base. Key Features:

Global Corona Treatment System market size and forecasts, in consumption value), sales quantity, and average selling prices, 2019-2029

Global Corona Treatment System market size and forecasts by region and country, in consumption value, sales quantity, and average selling prices, 2019-2029

Global Corona Treatment System market size and forecasts, by Type and by Application, in consumption value, sales quantity, and average selling prices, 2019-2029

Global Corona Treatment System market shares of main players, shipments in revenue, sales quantity, and ASP, 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Corona Treatment System

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Corona Treatment System market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments

The report involves analyzing the market at a macro level: Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type: Narrow Web Corona Treatment System Wide Web Corona Treatment System Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Corona Treatment System market. Regional Analysis: The report involves examining the Corona Treatment System market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets. Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Corona Treatment System market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends. The report also involves a more granular approach to Corona Treatment System: Company Analysis: Report covers individual Corona Treatment System manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies. Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Corona Treatment System This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application: Packaging Automotive Food and Beverage Medical and Pharmaceutical Electronics Others

Technology Analysis: Report covers specific technologies relevant to Corona Treatment System. It assesses the current state, advancements, and potential future developments in Corona Treatment System areas. Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Corona Treatment System market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players. Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

The Main Contents of the Report, includes a total of 15 chapters:

Chapter 1, to describe Optical Tweezers (Mechanobiology Equipment) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Optical Tweezers (Mechanobiology Equipment), with price, sales, revenue and global market share of Optical Tweezers (Mechanobiology Equipment) from 2019 to 2024.

Chapter 3, the Optical Tweezers (Mechanobiology Equipment) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Optical Tweezers (Mechanobiology Equipment) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Optical Tweezers (Mechanobiology Equipment) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Optical Tweezers (Mechanobiology Equipment).

Chapter 14 and 15, to describe Optical Tweezers (Mechanobiology Equipment) sales channel, distributors, customers, research findings and conclusion.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the Corona Treatment System market covers the following areas:

Corona Treatment System market sizing

Corona Treatment System market forecast

Corona Treatment System market industry analysis

Analyze the needs of the global Corona Treatment Systembusiness market

Answer the market level of global Corona Treatment System

Statistics the annual growth of the global Corona Treatment Systemproduction market

The main producers of the global Corona Treatment Systemproduction market

Describe the growth factor that promotes market demand

Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.

#Corona Treatment System #global info research

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industryinsightsandanalysis · 3 months ago

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Metallized Film Market is expected to display a steady growth by 2028

According to a new report published by UnivDatos Markets Insights, the Metallized Film Market is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Material (Polypropylene (PP), Polyethylene Terephthalate (PET), and Others); End-User (Packaging, Decorative, and Others); Region/Country.

The metallized film market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the metallized film market. The metallized film market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the metallized film market at the global and regional levels.

Market Overview

Metalized films, commonly referred to as polymer films, are coated with a thin coating of metal, such as copper, aluminum, nickel, or chromium. These films have a shiny metallic appearance and are made by the physical vapor deposition method. These films also increase the shelf-life of the food goods by providing transparency, high tensile strength, insulation from heat and gas, and smell barrier qualities. The main drivers of the global metalized film market are anticipated to be rising end-user demand and expanding food and beverage industry demands. Additionally, the market will expand due to the rising demand for packaging that is consumer-friendly and products that have a longer shelf life. Furthermore, mergers & acquisitions, and expansions also attributes to the market growth of metalized films. For instance, in February 2020, Jindal Poly Films approved an investment of USD 99.4 million (INR 700 crores) for the expansion of its company’s operations in India, adding a polyester film line and BOPP film line.

The increasing food safety issues are expected to drive the global metalized film market at a CAGR of 6%, during the forecast period. Major companies in the market that offer Metallized Film are Dunmore corporation, Cosmo first ltd, Avery Dennison corp., Sierra coating technologies LLC, Accrued plastic ltd.

COVID-19 Impact

The metalized film market has been negatively impacted by the COVID-19 pandemic. The lockdown is impacting global manufacturing, supply chains, and logistics as the continuity of operations for various sectors is severely impacted. The sectors facing the greatest drawbacks are manufacturing, transportation and logistics, and retail and consumer goods.

The global Metallized Film market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

· Based on material, the market is bifurcated into polypropylene (PP), polyethylene terephthalate (PET), and others. The polypropylene (PP) segment is estimated to account for the largest share of the metalized film market. The PP metalized film has a decent oxygen barrier but a weak moisture barrier. This film has been metalized to strengthen its barrier capabilities and the shelf life of packaged goods.

Metallized Film Market Geographical Segmentation Includes:

North America (United States, Canada, and Rest of North America)

Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

Rest of the World

The Asia Pacific is expected to experience the fastest growth in Metallized Film market due to the rising awareness about the importance of food quality among the population. Furthermore, the presence of a large population in the region supplemented by the increasing number of the food & beverage industry in the region are the important factors affecting the market size of the Metallized Film market in the region.

Request Free Sample Pages with Graphs and Figures Here https://univdatos.com/get-a-free-sample-form-php/?product_id=30315

The major players targeting the market include

Dunmore corporation

Cosmo first ltd

Avery Dennison Corp.

Sierra coating technologies LLC

Accrued plastic ltd.

Innovia films ltd.

Taghleef industries group

Jindal poly films limited

Polifilm group

Klöckner Pentaplast Group

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Metallized Film market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the metallized film market?

• Which factors are influencing the metallized film market over the forecast period?

• What are the global challenges, threats, and risks in the metallized film market?

• Which factors are propelling and restraining the metallized film market?

• What are the demanding global regions of the metallized film market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

About UnivDatos Market Insights (UMI)

Browse Other Related Research Reports from UnivDatos Market Insights

Edible Films and Coatings Market

Automotive Wrap Films Market

Biodegradable Films Market

Greenhouse Film Market

Stretch and Shrink Film Market

About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

UnivDatos Market Insights

Email - [email protected]

Contact Number - +1 9782263411

Website -www.univdatos.com

#Metallized Film Market

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trendingreportz · 5 months ago

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Asia-Pacific Metal Packaging Coatings Market - Forecast(2024 - 2030)

Asia-Pacific Metal Packaging Coatings Market Overview

Covid-19 Impact

Report Coverage

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Key Takeaways

Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Coating Types

Inquiry Before Buying

Asia-Pacific Metal Packaging Coatings Market Segment Analysis - By Application

Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Country

Schedule a Call

Asia-Pacific Metal Packaging Coatings Market Driver

Increasing Preference for Metal Containers in Food & Beverage Sector

Growing Demand from the Pharmaceutical Industry

Asia-Pacific Metal Packaging Coatings Market Challenges

Volatility of Raw Material Prices

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Asia-Pacific Metal Packaging Coatings Industry Outlook

The Sherwin Williams Company

PPG Industries Inc.

AkzoNobel N.V.

Kansai Paint Co., Ltd.

Altana AG (Actega)

Henkel AG & Co. KGaA

Axalta Coating Systems Ltd.

Eason & Co.

Toyochem Co., Ltd.

Kangnam Jevisco Co., Ltd. and Others.

Recent Developments

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industrynewsupdates · 3 months ago

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Masterbatch Market 2024-2030: Leading Players Updates and Growth Analysis Report

The global masterbatch market size was valued at USD 6.24 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. The replacement of metal with plastics in the end-use industries, including automotive and transportation, building and construction, consumer goods, and packaging, is expected to be a key factor driving the global market in the forecast period.

Gather more insights about the market drivers, restrains and growth of the Masterbatch Market

The product is available in solid and liquid forms and is used for imparting color and enhancing valuable properties of polymers such as antistatic, antifog, antilocking, UV stabilizing, and flame retardation. Various carrier polymers, such as polypropylene, polyethylene, polyvinyl chloride, and polyethylene terephthalate, are preferred along with the product for use in injection molding and extrusion processes.

The rising demand from the packaging industry in the U.S. is expected to boost market growth. There has been considerable growth in the packaging market in the U.S. on account of growth in the e-commerce business. In the U.S., there are approximately 16,806 plastic manufacturing facilities spread across 50 states. The increasing use of plastic in consumer goods, building & construction, automotive, and other sectors is anticipated to boost the growth of masterbatch in the country in the forecast period. Consumer goods manufacturers are providing attractive product packaging to attract a large number of customers to boost sales of their products. Different types of masterbatch are used in combination with polymers to make attractive packaging, which is projected to increase product demand in the forecast period.

Masterbatch Market Segmentation

Grand View Research has segmented the global masterbatch market report based on type, carrier polymer, end-use, and region:

Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• White

• Black

• Color

• Additive

• Filler

• Biodegradable

Carrier Polymer Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polypropylene (PP)

• Polyethylene (PE)

o Low-Density Polyethylene

o High-Density Polyethylene

• Polyvinyl Chloride (PVC)

• Polyethylene Terephthalate (PET)

• PUR

• PS

• Biodegradable Plastics

• Other Carrier Polymers

End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging

• Building & Construction

• Consumer Goods

• Automotive & Transportation

• Agriculture

• Other End-Uses

Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

o Benelux

o Poland

• Asia Pacific

o China

o India

o Japan

o South Korea

o Taiwan

o Australia & New Zealand

o Indonesia

• Central & South America

o Brazil

o Argentina

o Chile

• Middle East & Africa

o Iran

o Saudi Arabia

o South Africa

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• The global ceramic coating market size was estimated at USD 10.37 billion in 2023 and is expected to grow at a CAGR of 8.4% from 2024 to 2030.

• The global anti-slip coatings market size was estimated at USD 149.17 million in 2023 and is estimated to grow at a CAGR of 6.6% from 2024 to 2030.

Key Companies & Market Share Insights

The market is fragmented, with several global and regional players. Key players in the market comply with the regulatory policies and are engaged in research & development activities to develop innovative products. For instance, Hubron International became a corporate member of The Graphene Council, the world’s largest community for graphene researchers, developers, producers, academics, and scientists. Since Hubron International is involved in masterbatch/compounding of graphene materials and has technologies available for the processing of 2D materials, the growing usage of 2D materials in the thermoplastic arena for providing lightweight products is expected to strengthen Hublon International’s position in the masterbatch market. Most key industry players are integrated across the value chain, posing entry barriers for new market players. Some prominent players in the global masterbatch market include:

• In November 2023, The investment firm Koinos Capital, headquartered in Milan, established the Impact Formulators Group by merging the operations of two Italian companies specializing in masterbatch and additives manufacturing, namely Masterbatch S.r.l. and Ultrabatch S.r.l.

• In November 2023, TER Chemicals and Momentive have mutually agreed to extend their current distribution agreement for high-performance additives in polymer modification. This expansion encompasses all European countries, with the exception of Iberia and the UK. The portfolio offered includes multifunctional masterbatches, anti-block agents, light diffusers, crosslinkers, and coupling agents. These products aim to provide customers with effective solutions to enhance the performance of their products and address various processing challenges.

• In May 2023, Tosaf Color Service introduced a new masterbatch carrier system. The recently launched masterbatch carrier system by Tosaf Color Service is fully compliant with widely recognized food contact standards, as asserted by the company. This compliance extends to the guidelines set forth by the German Federal Institute for Risk Assessment (BfR) and aligns with the intricate and diverse regulatory frameworks of the United States and China, including the standards of the Food and Drug Administration (FDA) and China Food Safety Law.

Key Masterbatch Companies:

• A. Schulman, Inc.

• Ampacet Corporation

• Cabot Corporation

• Clariant AG

• Global Colors Group

• Hubron International Ltd.

• Penn Color, Inc.

• Plastiblends India Ltd.

• PolyOne Corporation

• Tosaf Group

Recent Developments

• In June 2023, Ampacet announced the launch of PET UVA, a masterbatch that offers protection to the packaging contents from harmful UV light, thereby keeping the food fresher, extending product shelf life, and limiting waste. The company also offers UVA in PP and PE.

• In June 2023, Ampacet unveiled the introduction of a new additive - AA Scavenger 0846, designed particularly for restricting the acetaldehyde levels in both PET and rPET bottles. This product launch was aimed at supporting the sustainability efforts of the company in the packaging industry by encouraging the use of recycled materials and reducing waste.

• In April 2023, Penn, Color, Inc. announced the commencement of its world-class facility in Rayong Province, Thailand in order to expand its manufacturing capabilities. The objective of this new plant was to enable the company to deliver high-quality colorant & additive masterbatches across the Asia-Pacific market.

• In May 2023, Cabot Corporation launched its new aerogel particles portfolio - ENTERA, which acts as a thermal insulation additive for enabling the development of ultra-thin thermal barriers for Li-ion EV batteries. The portfolio comprises three products that can be integrated into different thermal barrier forms, including, sheets, blankets, pads, foams, films, and coatings.

• In March 2023, Cabot Corporation announced the launch of its sustainable solutions platform - EVOLVE. This platform was aimed at developing sustainable reinforcing carbons for varied industries and curating materials that enable a more sustainable future by leveraging circular value chains & materials recovered from worn tires, bio-based and renewable materials, and processes that limit greenhouse gas emissions.

• In October 2022, Clariant launched new additive solutions at K 2022 to reinforce more sustainable plastics and decrease resource use. These new developments include Licowax AS 100 TP - an anti-scratch additive for polypropylene and thermoplastic olefins formulations, AddWorks AGC 970 - a light stabilizer for polyethylene agricultural films, and Licocare RBW 560 TP Vita a bio-based wax for injection molded polyester compounds.

Order a free sample PDF of the Masterbatch Market Intelligence Study, published by Grand View Research.

#Masterbatch Market #Masterbatch Industry #Masterbatch Market size #Masterbatch Market share #Masterbatch Market Analysis

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marketingreportz · 15 days ago

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Zirconium Market - Forecast(2024 - 2030)

Zirconium Market Overview

The ceramics industry is one of the largest consumers of zirconium where this metal is used extensively in the production of glazes, ceramic bodies, tiles, frits, enamels, etc. The ceramic industry is booming with increasing demand for ceramics and this is expected to drive the market’s growth during the forecast period. Furthermore, due to the exceptional corrosion resistance property, zirconium finds its high uses in multiple types of equipment and structural components in the chemical industry, providing the equipment with high resistance against organic acids, mineral acids, salt solutions, and strong alkalis. The chemical industry is expanding globally with increasing production and processing of chemicals and this, in turn, is projected to drive the market’s growth in the forecast period. For instance, according to the report by India Brand Equity Foundation, the chemical industry in India will touch US$ 304 million by 2025, growing at a CAGR of 9.3%. The strict regulations regarding the use of zirconium might hamper the market’s growth during the forecast period.

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Zirconium’s corrosion resistance, high-temperature tolerance, and excellent mechanical properties make it indispensable in various applications. It is commonly used in ceramics, foundries, nuclear reactor fuel rods, and other critical areas. The zirconium market is poised for growth, driven by technological advancements, industrial demand, and the global focus on sustainable energy resources. Strategic investments, research and development, and collaborations will continue to shape the market’s trajectory.

The Zirconium Market was affected to a large extent due to the COVID-19 pandemic. Challenges in the form of supply chain disruption, plant operation at reduced capacity, and raw material procurement surfaced amid the pandemic. Market players incurred losses in their businesses due to the severity of the pandemic. As per the 2020 full-year results presentation report by Australian-based zircon producer Iluka Resources, the company had to reduce the production of zircon at its Narngulu plant due to weak market conditions. However, the growth of the market gradually grew, due to the increase in demand for zirconium in various end-use industries. Going forward, the market is expected to witness significant growth due to the massive growth of multiple end-use sectors such as the ceramics and chemical industries.

The global economic slowdown caused by the COVID-19 pandemic had repercussions on both zirconium production and demand from end-user industries such as iron and steel, cement, energy, chemicals, and ceramics. Despite these challenges, the focus on developing nuclear power resources is expected to drive positive growth in the market.

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Zirconium Market Report Coverage

The report: “Zirconium Market Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Zirconium Industry.

By Type: Zircon, Zirconia, and Others.

By Form: Crystal, Powder, and Others.

By End-Use Industry: Ceramic, Foundry Sands & Coatings, Refractory, Chemical, Glass, Nuclear Power, Cosmetics, Food Packaging, Solar Power, Healthcare, Industrial, Paper, and Others.

By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

• Zircon dominated the Zirconium Market in 2023. This type of zirconium comes with a unique set of physical properties, making it ideal for multiple demanding applications.

• The chemical industry is projected to drive the market’s growth during the forecast period.

• The Asia-Pacific region is expected to witness the highest demand for zirconium owing to the increasing ceramics market in the region.

• China’s robust industrial base and focus on technological advancements contribute to its leadership position. Other regions, including North America, Europe, and the Rest of the World (RoW), also play significant roles.

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Zirconium Market — By Type

Zircon dominated the Zirconium Market in 2023 and is growing at a CAGR of 8.2% during the forecast period. This type of zirconium possesses a unique suite of physical properties which makes it suitable for use in a vast array of applications. One of the most important markets for zircon is the ceramics industry where it is used as a whitener for the ceramic surface and body owing to its high refractive index. As per the data by the Zircon Industry Association, about 54% of zircon that is produced is utilized in the ceramic industry. Apart from ceramics, zircon also finds its high uses in other end-use industries such as foundry and refractory industries. To expand the portfolio of zircon, more research and development activities are taking place. Such increasing uses of zircon will increase its demand in the forecast period.

Zirconium Market — By End Use Industry

The ceramic industry dominated the Zirconium Market in 2023 and is growing at a CAGR of 9.1% during the forecast period. Zirconium is used in a wide range of industrial applications ranging from ceramics to piezoelectric crystals, and zirconium alloys. Among these, the ceramics industry is one the largest market for zirconium where it is utilized in ceramic tiles, glazes, frits, enamels, and many other applications. The demand for ceramic is increasing globally due to increasing demand for stylish and premium ceramic products among consumers and this is projected to drive the market’s growth during the forecast period. For instance, as per the data by the Italian ceramics association Confindustria Ceramica, the ceramic tiles market in the first quarter of 2023 witnessed a positive growth rate with an increased turnover of 9.81% compared to 2022. Such massive growth in the demand for ceramics is projected to stimulate the use of zirconium which is expected to drive the growth of the market during the forecast period.

Zirconium Market — By Geography

The Asia-Pacific region held the largest market share in the Zirconium Market with a market share of up to 32%. The high demand for zirconium is attributed to the booming ceramic industry in the region. Zirconium is used in the production of multiple ceramic products ranging from tiles to frits and pigment. The Asia-Pacific region is one of the largest producers of ceramics in the world which propels the high uses of zirconium in the region. For instance, as per the data by the Trade Promotion Council of India (TPCI), China is the largest manufacturer of ceramic tiles globally. The ceramic industry is showing exceptional growth in the region in the last few years and this is expected to further increase the demand for zirconium during the forecast period. As per the 2023 Half Year Results report by Iluka Resources, production of ceramic tile returned to pre-pandemic levels in China. This huge boost in the production of ceramics in the region is expected to propel the demand for zirconium during the forecast period

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Zirconium Market Drivers

Expanding chemical sector will drive the market’s growth

• The chemical industry is one of the major industries that utilize zirconium for a wide array of applications. Zirconium alloys are used in numerous equipment in the chemical industry such as boilers, tanks, pressure vessels, pumps, valves, and many other components where they provide robust corrosion resistance to the equipment against organic and inorganic acids, strong alkalis, salt solutions, and some molten salts. Zirconium is also used as a catalyst in various chemical processes in the chemical sector. The chemical industry is expanding globally and this is expected to increase the requirement of zirconium and zirconium alloys which will drive the market’s growth in the forecast period. For instance, according to the report by India Brand Equity Foundation, the domestic chemical industry’s small and medium enterprises will exhibit 20–24% revenue growth in FY23. For instance, according to a report by the India Brand Equity Foundation, the chemical industry in India is projected to touch US$ 304 billion by 2025, growing at a CAGR of 9.3%. Similarly, the Mid-Year US Chemical Industry Outlook in June 2023 reported a 4.3% expansion in chemical volumes in the United States market. Such massive expansion in the chemical industry globally is expected to increase the demand for zirconium and this will contribute to the growth of the market during the forecast period.

Booming ceramics industry will drive the market’s growth

Zirconium finds its extensive use in the ceramics industry globally. The ceramics industry is one of the largest markets for zirconium where it is utilized in numerous products ranging from tiles to glazes and enamels. The ceramic industry is booming globally with increasing production and consumption of ceramics and this is projected to drive the market’s growth during the forecast period. For instance, as per the data by the Trade Promotion Council of India, ceramic products exports by India increased in 2023, reaching US$ 2.10 billion. Similarly, as per the data by Ceramica.info, the official online source for the Italian ceramic industry, the ceramic tile demand had a significant performance in Europe, with Germany witnessing an increase of 11.76% in tile consumption. Such growth in the global ceramics industry is projected to increase the demand for zirconium and in turn, this is expected to drive the market’s growth during the forecast period.

Zirconium Market Challenges

Strict regulations regarding the use of zirconium might hamper the market’s growth

The use of zirconium has always been a major concern due to the health issues associated with it and this might slow down the growth of the market during the forecast period. Exposure to zirconium can lead to eye irritation, lung irritation and it can cause an allergic skin reaction. Various governing bodies are constantly monitoring the proper use and its effect on human health. For instance, the Occupational Safety and Health Administration (OSHA) has set an exposure limit of 5 mg/m3. Such strict regulations regarding the use of zirconium might hamper the market’s growth during the forecast period.

Zirconium Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the Zirconium Market. Major players in the Zirconium Market are:

1. Iluka Resources

2. Eramet

3. Kenmare Resources plc

4. Tronox Inc.

5. Rio Tinto Group

6. Alkane Resources Limited

7. BASF SE

8. Wanhua chemical group.

9. Huntsman International LLC.

10. Wanhua chemical group and Others

Zirconium market- Acquisition /Technology Launches.

• In June 2022, Malaysia Smelting Corp (MSC) unit acquired a neighboring tin mining leaseholder. The transaction involved the purchase of 272,250 shares, equivalent to 20% of the expanded share capital of the company RHT

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#Zirconium #ZirconiumAlloys #AdvancedMaterials #NuclearMaterials #CorrosionResistance

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creativeera · 3 months ago

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Ice Cream Packaging Market is Anticipated to Witness High Growth Owing to Increasing Demand

The ice cream packaging market has witnessed significant growth over the past few years owing to the rising popularity for artisanal and premium ice cream across the globe. Ice cream packaging assists in shielding ice cream from temperature fluctuations to keep it frozen until consumption. Packaging plays an important role in portraying the brand image and attracting consumers. Manufacturers are continuously focusing on innovative designs, materials and packaging formats like cups, tubs, jars, boxes for differentiated product offerings.

Global ice cream packaging market was valued at US$ 820.9 Mn in 2022, exhibiting CAGR of 4.0% from 2023-2030. Market is likely to reach US$ 1,123.46 Mn by the end of 2030

Key Takeaways Key players operating in the ice cream packaging are Sonoco Products Company, Amcor Plc, International Paper Company, Sealed Air Corp., Huhtamaki Oyj, Amcor Plc , Linpac Group Ltd., Ampac Holdings LLC, INDEVCO Group, Tetra Laval, Berry Global, Stora Enso, and SIG. The key players are focusing on expanding their production capacities and geographical presence through mergers and acquisitions to capitalize on opportunities in emerging markets. The global Ice Cream Packaging Market Demand provides significant opportunities for manufacturers owing to the increasing consumption of novelty and premium ice creams. Innovation in packaging solutions to improve quality and shelf-life like protective films, pouches made of sustainable materials is fueling market growth. Furthermore, rising disposable incomes and growing preference for ready-to-consume ice creams especially among millennials is driving the global expansion of key ice cream brands in countries across Asia Pacific, Latin America, Eastern Europe and Africa. International players are investing heavily in R&D, sales & distribution networks across developing regions to tap the immense potential. Market Drivers Growing demand for convenience and on-the-go consumption of ice creams is a key driver for the ice cream packaging market. Attractive and portable packaging formats like cups and sticks are gaining popularity. Moreover, innovation and variety in flavors and ingredients is fueling ice cream purchases. Market Restraints Volatility in raw material prices like plastic, paper and metal can hamper market growth. Additionally, stringent regulations regarding usage of plastics in some countries pose a challenge. Recyclable and sustainable packaging development requires significant R&D investments and consumer awareness.

Segment Analysis The ice cream packaging market comprises of rigid packaging and flexible packaging. Rigid packaging dominates over 70% of the market share as it provides longer shelf life due to airtight and moisture resistant properties. Cups and tubs made from plastic materials like polyethylene and polypropylene are widely used for rigid packaging of ice cream in single serving sizes. This rigids segment growth is attributed to rising on-the-go consumption of ice cream. The flexible packaging segment is further divided into pouches, bags and wrappers. Pouches hold around 15% market share owing to the convenience of resealability. Pouches made from laminated films provide high barrier protection against moisture and oxygen. Bags and wrappers made from materials like plastic coated paper are used for bulk packaging of ice creams in wholesale sizes. Global Analysis North America remains the largest regional market for ice cream packaging, holding over 35% share. Growth in the US is driven by affordable access to packaged ice creams across retail channels and rising affordability. Europe follows North America closely with over 30% share led by countries like Germany, France and UK. However, Asia Pacific is emerging as the fastest growing regional market at a CAGR of over 5% during the forecast period. Rising middle class population, urbanization and increase in disposable incomes in countries like India and China is a key factor propelling the demand for packaged ice creams in the region.

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About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

#Coherent Market Insights #Ice Cream Packaging Market #Ice Cream Packaging #Frozen Dessert Packaging #Ice Cream Containers #Ice Cream Tubs #Ice Cream Cartons #Packaging Design #Food Packaging #Sustainable Packaging

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tmr-blogs2 · 4 months ago

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Aluminum Slugs Market Value to Reach US$ 6.0 Bn by 2031

The global aluminum slugs market was valued at US$ 3.7 Bn in 2021 and is anticipated to reach US$ 6.0 Bn by 2031, expanding at a CAGR of 5.3% from 2022 to 2031. Increase in disposable income in developing countries and rise in demand for convenient & single-use packaging solutions are augmenting the global aluminum slugs market. Furthermore, benefits offered by these products, such as longer shelf-life and ease of recyclability, are propelling the global market.

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Aluminum Slugs Market: Key Findings of Report

Increase in Demand for Post-Consumer Recycled (PCR) Products: Increase in demand for post-consumer recycled aluminum slugs is a major factor driving the market. This is ascribed to rise in awareness about the environmental impact of using virgin aluminum and availability of advanced recycling technologies. Usage of post-consumer recycled aluminum slugs helps reduce carbon footprint and conserves natural resources. This, in turn, has resulted in increased demand for these recycled slugs in various end-use industries such as packaging, construction, and automotive. Rise in adoption of sustainable manufacturing practices by these industries contributes to the growth of the aluminum slugs market.

Aluminum Slugs Market: Growth Opportunities

Increase in adoption of sustainability initiatives by manufacturers presents attractive opportunities in the market

Ease of recycling and availability of technologies to attract consumer attention & interest are likely to bolster market growth

Rise in demand for hygienic and affordable single-use packaging solutions in the food & beverage industry is expected to propel market development

Aluminum Slugs Market: Key Players

Leading players assessed in the aluminum slugs market report are Ball Corporation, Aluminum Rheinfelden Semis GmbH, Aluman S.A., Signi Aluminum, Fuchuan Metal Technologies Co., Ltd., Rondal d.o.o., Haomei Aluminum, Impact Metal Parts Pvt. Ltd., Fried v. Neuman Gesellschaft G.m.b.H, Talum, Alucon, and Arnest AO.

Aluminum Slugs Market: Regional Growth Assessment

Asia Pacific held the dominant share of the global market in 2021. The market in the region was valued at US$ 1.3 Bn in 2021 and is likely to expand at a CAGR of 5.9% from 2022 to 2031. This is ascribed to increase in disposable income of the population. Expansion of the packaging and electronics industries is another key factor driving the market in Asia Pacific.

Europe and North America are likely to witness robust growth during the forecast period. Leading factors augmenting the market in these regions are presence of large number of manufacturers and rise in adoption of eco-friendly packaging solutions by the population. Furthermore, increase in demand for sustainable solutions in the packaging sector, rise in investment by industry players in R&D, and surge in adoption of modern and advanced manufacturing technologies are the other drivers of the aluminum slugs industry in Europe and North America.

Aluminum Slugs Market: Segmentation

Aluminum Slugs Market, by Material

PCR (Post-consumer Recycled) Aluminum

PIR (Post-industrial Recycled) Aluminum

Green Virgin Aluminum

Others

Aluminum Slugs Market, by Application

Cans

Aerosol Cans

Automotive Cans

Others

Tubes

Collapsible Tubes

Cartridge Tubes

Others

Containers

Technical Parts

Others

Aluminum Slugs Market, by End-use

Automotive

Food & Beverage

Personal Care

Pharmaceutical

Paint & Coating

Electrical

Others

Aluminum Slugs Market, by Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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mohankunmars · 2 months ago

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Asia-Pacific Metal Packaging Coatings Market - Forecast(2024 - 2030)

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preference for metal food & beverage containers in the Asia-Pacific region has been increasing rapidly, owing to its range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging.

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businessindustry · 6 months ago

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Water-Based Barrier Coatings Market Outlook and Forecast 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Water-Based Barrier Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Water-Based Barrier Coatings Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Water-Based Barrier Coatings?

The global water-based barrier coatings market size reached US$ 3.9 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 6.5 billion in 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.

What are Water-Based Barrier Coatings Market?

Water-based barrier coatings refer to aqueous formulations applied to surfaces to establish a protective layer that repels liquids, gases, or other substances. These coatings are environmentally friendly, predominantly utilizing water as a solvent to reduce the presence of volatile organic compounds (VOCs). Widely employed in industries like packaging, water-based barrier coatings act as a safeguard against moisture, oil, and contaminants, thereby augmenting the durability and preservation of products. Applied to materials such as paper and cardboard, these coatings provide a sustainable and less hazardous alternative to solvent-based counterparts. Their adaptability and eco-friendly characteristics contribute to their increasing popularity across various applications, driving the demand in the market.

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What are the growth prospects and trends in the Water-Based Barrier Coatings Market industry?

The water-based barrier coatings market growth is driven by various factors. The market for water-based barrier coatings is experiencing notable growth as industries increasingly opt for environmentally sustainable solutions in surface protection. These coatings, formulated with water as a primary solvent, provide a green alternative to traditional solvent-based options. Predominantly utilized in packaging, water-based barrier coatings establish protective layers that effectively repel liquids and gases, thereby improving the durability and overall quality of products. The market's expansion is driven by the rising demand for eco-conscious solutions, with these coatings finding applications across various industries where resistance to moisture and contaminants is essential. The adaptable and environmentally friendly characteristics of water-based barrier coatings position them as significant players in the evolving landscape of surface protection technologies. Hence, all the factors contribute to water-based barrier coatings market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Market Segmentation By Type:

Acrylic

Polyurethane

Epoxy

Others

Market Segmentation By Substrate:

Metal

Paper & Paperboard

Plastic

Glass

Others

Market Segmentation By End-Use Industry:

Packaging

Building & Construction

Automotive

Electronics

Textile

Others

Market Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Akzo Nobel N.V.

PPG Industries Inc.

Axalta Coating Systems Ltd.

BASF SE

The Sherwin-Williams Company

RPM International Inc.

Arkema Group

Dow Inc.

Valspar Corporation

Asian Paints Limited

Nippon Paint Holdings Co., Ltd.

Hempel A/S

Jotun Group

Sika AG

Kansai Paint Co., Ltd.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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#Water-Based Barrier Coatings Market Size #Water-Based Barrier Coatings Market Share #Water-Based Barrier Coatings Market Demand #Water-Based Barrier Coatings Market Analysis

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