Understanding the Southeast Asia & Indian Subcontinent Can Coatings Market Size, Share, Analysis Forecast 2028

Southeast Asia & Indian Subcontinent Can Coatings Market Overview:

According to MarkNtel Advisors study the Southeast Asia & Indian Subcontinent Can Coatings Market is projected to grow at a CAGR of around 8.6% during the forecast period, 2023-28. The can coatings market growth in Southeast Asia imputes to the extensive presence of manufacturers of beverage cans, aerosol cans, general line cans, and drums across the region, owing to the mounting demand for packaging containers in paint, coating, food processing, and lubricant applications. The surging urban population & increasing demand for processed food & packaged drinks due to convenience is a key factor that augmented the demand for food & beverage cans in the region.

Key Findings of the Study: Southeast Asia & Indian Subcontinent Can Coatings market

Southeast Asia & Indian Subcontinent Can Coatings Market Key Trend:

Use of Non-BPA (Bisphenol A) Coating for Aluminum Beverage Cans - In the past few years, packed food products in metal cans have witnessed a decrease in demand due to the growing consumer awareness about the ill effects of the BPA epoxy coatings used in food & beverage cans. Therefore, to resolve the issue, companies like Toyochem, Sherwin Williams, etc., have introduced new BPA-free can coatings. The trend of BPA-free products is expected to expand further as packaged food organizations in different countries are laying out strict norms for BPA linings in food containers.

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Scope of the Southeast Asia & Indian Subcontinent Can Coatings Market Report Segmentation

-By Application

Food Cans
Beverage Cans
General Line Cans
Aerosol Cans
Tinplate Pails
Drums

-By Material Type

Epoxy
Acrylic
Polyester
Others (Vinyl, Phenolic, Oleoresin, etc.)

-By Surface Type

Interior
Exterior

-By Food Cans Printing Type

Printed Cans
Non-Printed Cans

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Geographical analysis:

-By Country

Thailand
Malaysia
Indonesia
Vietnam
Philippines
Singapore
Cambodia
India
Bangladesh
Sri Lanka
Others

Of all the regions, the India Can Coating market witnessed stable growth during the historical years. The consumption of canned products like beer, dairy products, and food products was quite high in the past few years, due to which the production of the cans showed considerable growth & subsequently enhanced the sales of can coating in the country.

India is one of the largest consumers of petroleum lubricants, due to which the need for metal drums for the packaging of these lubricants & other petroleum products has increased in the past few years. Hence, the rise in the production of metal drums by companies such as Balmer & Lawrie, Metal seam, MS Barrels, Shivraj Drum, etc., has assisted the growth of the Can Coating market in India.

Besides, the Indonesia Can Coatings market also registered a modest upsurge with the expansion of the food & beverage industry & surging demand for canned products due to the spike in the working population of Indonesia. Further, the working population relies on canned food, which falls under the category of ready-to-eat, thereby escalating the demand for can coatings to improve the shelf life of packaged food.

Southeast Asia & Indian Subcontinent Can Coatings Industry Recent Developments

2022: The can coating company, Toyo Ink Sc Holdings Co., Ltd., announced the expansion of the Malaysian manufacturing unit by 2023 to double the production of laminating adhesives used for coatings on consumer products.
2022: Sun Chemical acquired another can coatings company, “Società Azionaria Per Industria Chimica Italiana,” to provide consumers with a wider range of coatings, including industrial coatings, elastomers, sealants, etc.

Current Landscape of Southeast Asia & Indian Subcontinent Can Coatings Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Southeast Asia & Indian Subcontinent Can Coatings market. The research report profiles major players, including

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PPG Industries Inc.
Kansai Paints
Magna Coating Indonesia
Toyo Ink Sc Holdings Co., Ltd
TIGER Drylac Vietnam Co. Ltd.
Sherwin Williams Co.
UBIS (Asia) Public Co., Ltd
AkzoNobel N.V.
Eason Paint Public Company Limited
M-DEC Enterprise Pte. Ltd
Sun Chemical
Henkel AG & Co.KGaA

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