The market for BPA-free coatings was predicted to be worth USD 7,108.99 million in 2022 and is projected to increase at a compound annual growth rate (CAGR) of roughly 8.56% to USD 13,714.08 million by 2030.
Global BPA-free Coatings Market: Overview
Because of the detrimental consequences that BPA has on human health, there are now concerns about its use and use in water bottles and food can liners. In light of expanding rules prohibiting the use of BPA coatings, demand for BPA-free coatings is growing. Ethylene-free coatings can be produced with vinyl, acrylics, oleo, or polyethylene as epoxy resin substitutes.
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Global BPA-free Coatings Market: Growth Factors
Because governmental and non-governmental organizations enforce tight requirements to minimize the use of BPA coatings, manufacturers choose BPA-free coatings. Consequently, it is anticipated that this will outline a lucrative course for the BPA-free coatings industry in the years to come. Additionally, it is anticipated that manufacturers would be compelled to make BPA-free coatings during the projection period due to the estrogenic nature of BPA-based coatings, which can cause genetic disorders in living things. Innovations in the application of PET laminate technology and oleoresinous enamel support the creation of BPA-free coatings, driving the market’s expansion globally during the review period.
The BPA coating, which is used as liners in canned foods and other sectors and to which workers, expectant mothers, children, and others may be exposed, can be fatal. This element is anticipated to drive market trends for BPA coatings. Furthermore, as BPA is a hormone-active substance, ingesting even trace amounts of the chemical can have a negative impact on the immune system, induce asthma, obesity, prostate, and breast cancer, among other health issues. It is anticipated that these elements will encourage producers to create coatings devoid of BPA.
In addition to encouraging the use of BPA-free coatings in packaging and other operations, food regulatory agencies are continuously keeping an eye on food processing operations. It is anticipated that this will contribute to the market size expansion for BPA-free coatings in the years to come. The market for BPA-free coatings may be hindered by high product prices and worse performance when compared to BPA coatings.
Global BPA-free Coatings Market: Segmentation
It is possible to categorize the global market for BPA-free coatings according to material type, application, and end use. Based on material type, the acrylic-based coatings, vinyl-based coatings, oleo, polyethylene, and others segments of the BPA-free coatings market may be identified. The market is divided into four segments based on the application: bottles, can liners, boxes, and others. The market is divided into several segments based on the final product used, including food and drink, building and construction, paint and coatings, chemicals and fertilizers, automotive, and others.
Global BPA-free Coatings Market: Regional Analysis
There are five primary regions that make up the global market for BPA-free coatings: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Given the enormous presence of paint and coatings producers in the region, particularly in Germany and Italy, the European BPA-free coatings industry is expected to grow over the next several years. In terms of market expansion, North America is anticipated to trail Europe because of the existence of reputable coating manufacturers in nations like the United States and Canada. The Asia Pacific BPA-free coatings market is expected to grow profitably because of the region’s good consumer perception of product application, abundant supply of natural resources, labor, and coating material, as well as an unexplored market.
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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: Segment Analysis
By Type
- Acrylic Paint
- Vinyl Coating
- Polyethylene Coating
- Other
By Application
- Food & Beverages
- Building & Construction
- Paint & Coatings
- Chemicals & Fertilizers
- Automotive
- Other
By Region
- North AmericaThe U.S.
- EuropeThe UKFranceGermany
- The Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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