Global BPA-free Coatings Market: Overview
Concerns have risen regarding the application and usage of BPA in food can liners and water bottles due to their harmful effects on human health. BPA-free coatings are gaining ground on the backdrop of growing regulations against the use of BPA coatings. BPA-free coatings can be manufactured using various alternatives of epoxy resins including vinyl, acrylics, oleo or polyethylene.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global BPA-free Coatings Market: Growth Factors
Manufacturers prefer BPA-free coatings due to enforcement of strict regulations by governmental and non-governmental organizations for minimizing the use of BPA coatings. This, in turn, is projected to chart a profitable roadmap for the BPA-free coatings market over the years ahead. In addition, the estrogenic nature of BPA-based coatings can lead to the genetic disorder for living beings and is projected to encourage manufacturers to produce BPA-free coatings during the forecast period. The production of BPA-free coatings is succored by innovations in the use of oleoresinous enamel and PET laminate technology, thereby steering the growth of the global BPA-free coatings market during the review timeline.
The BPA coating used as liners in canned foods and other industries, exposure to which can be life threating to workers, pregnant women, children, and others. This factor is expected to spur BPA-coatings market trends. Also, BPA is hormonally active material, ingestion of even a small amount of BPA chemical in the body may cause many health problems including asthma, obesity, prostate and breast cancer, adverse effect on immune system, and others. These factors are projected to motivate manufacturers to produce BPA-free coatings.
The food regulating authorities are constantly monitoring food processing activities and are promoting the use of BPA-free coatings in their packaging and other activities. This is predicted to augment the growth of BPA-free coatings market size over the ensuing years. However, high product costs and low performance of the product in comparison with BPA coatings can impede the growth of BPA-free coatings market.
Global BPA-free Coatings Market: Segmentation
The global BPA-free coatings market can be classified based on material type, application, and end use. Material type wise, the BPA-free coatings market can be sectored into acrylic-based coatings, vinyl- based coatings, Oleo, Polyethylene, and Others. Based on the application, the market is segmented into Bottles, Can liners, Box, and Others. On the basis of end use, the market is sectored into Food & beverages, Building & construction, Paint & coatings, Chemicals & fertilizers, Automotive, and Others.
Global BPA-free Coatings Market: Regional Analysis
Based on regions, the global BPA-free coatings market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. European BPA-free coatings market is anticipated to gain traction over the coming years, subject to the humungous presence of paint & coatings manufacturers in countries such as Italy and Germany in the region. North America is projected to follow Europe in terms of market growth, owing to the presence of reputed coating producers in countries such as the U.S. and Canada. Asia Pacific BPA-free coatings market will witness a profitable growth, owing to a favorable overview of the people regarding the product application, huge availability of natural resources and coating material as well as manpower, and untapped market potential in the region. Latin America is also likely to contribute lucratively towards the global market evolution in the coming decade, owing to government initiatives and proactiveness, corporate social responsibility, and health concerns displayed by the firms in the region.
Global BPA-free Coatings Market: Competitive Players
Some of the key players in BPA-free coatings market are PPG Industries, Inc., Akzo Nobel N.V., Koninklijke DSM N.V., E.I. Du Pont De Nemours and Company, Wacker Chemie AG, Altana AG, Allnex Group, BASF SE, Kansai Paint Co., Ltd., and Bostik SA.
Global BPA-free Coatings Market: Regional Segment Analysis
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