China & SEA BPA-Free Can Coatings Market

The China & SEA BPA-Free Can Coatings market was valued at USD 385.7 Million in 2020 and is projected to reach USD 542.8 Million by 2028, expanding at a CAGR of 4.7% during the forecast period.

Bisphenol A, known as BPA, is an organic chemical. The chemical serves as a building block in the manufacture of polymer plastics and coatings, largely polycarbonate and epoxy resins. Applications of BPA-based polycarbonate plastic and epoxy resins are several and varied, such as computers and home appliances, DVDs, spectacles, optical lenses, reusable bottles and food storage containers, safety helmets, construction supplies, in linings for food and drink cans, and in performance paints and coatings.

Polycarbonate plastic is the key application for BPA, accounting for nearly 70% of worldwide BPA production. It is often preferred, owing to its durability, clarity, and heat and shatter-resistance, which are decisive for applications such as spectacle lenses and medical equipment. Epoxy resins make up around 30% of total BPA use.

In the view of human exposure to BPA, food intake is considered as a serious health hazard, as it potentially spreads across different age groups which includes infants and has a inadvertent impact that occurs over long time periods. BPA is regarded an endocrine disruptor. Several studies indicated a relationship between exposure to BPA and the appearance of adverse health effects, such as diabetes, cancer, obesity, and infertility, among others.

BPA is a reproductive, developmental, and systemic toxicant as observed in animal studies and is weakly estrogenic. Many questions revolve around its potential negative impact on the health of children as well as the environment. Acrylic and polyester coatings are currently used as first-generation alternatives to epoxy coatings. Recently, polyolefin and non-BPA epoxy coatings have been developed.

The primary replacement for BPA in reusable water bottles is Tritan copolyester, which was introduced in October 2007 by Eastman Chemical Company. In contrast to polycarbonate, Tritan is light in weight, due to its low density and resistance to elements such as stress, water, scratch, and chemicals, which permits it to hold up without cracking.

Numerous alternative bottle materials, in addition to Tritan copolyester, are currently available or under development. While few BPA-free bottles are sold for slightly high prices, there are many plastic bottles made without BPA which cost nearly four times that of the conventional ones. Bisphenol S (BPS) and bisphenol F (BPF) are used to replace BPA in plastics lining aluminum. According to a study published in the Journal of the Endocrine Society, these two substances are linked with an increased likelihood of childhood obesity. Materials used as a substitute for BPA include non-BPA, polyester epoxies, and olefin polymers.

Scope of the BPA Free Can Coating Market Report

 

Attributes	Details
Report Title	China & SEA BPA-Free Can Coatings Market
Base Year	2020
Historic Data	2018 & 2019
Forecast Period	2021–2028
Segmentation	Resin Type (Low Molecular Weight (LMW) Polyester-Based Coatings, High Molecular Weight (HMW) Polyester-Based Coatings, Epoxy-Based Coatings, Acrylic-Based Coatings, Oleoresin-Based Coatings and Others), Technology (Water Based, Solvent Based, Powder based, Others), Can Type (3-Piece Welded Cans (3 PC), 2-Piece Draw and Redrawn (DRD) Cans, 2-Piece Drawn and Ironed (D&I) Cans), End Use (Food, Beverage, Others), By Coating Surface (Interior, Exterior, Ends)
Country Scope	China, Indonesia, Malaysia, Vietnam, Singapore, Thailand
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	Akzonobel, Arkema, Dow Chemical China Co. Ltd., Eason Paint, Eastman Chemical Company, Henkel, PPG, Valspar

The report on China & SEA BPA-Free Can Coatings market includes an assessment of the market, size, share, trends, segments, and country markets. Overview and dynamics have been included in the report.

BPA Free Can Coating Market Dynamics

Increasing Demand for Non-Hazardous, Green, and Sustainable BPA-free coatings

BPA is linked with causing immunity, reproductive, and neurological problems. Consumption of BPA increases the likelihood of Alzheimer’s, metabolic disease, childhood asthma, type 2 diabetes, and cardiovascular disease. BPA leaches into the contents of canned food or beverages. Consumers and manufacturers have become aware about these side effects of BPA in long-term consumption. Several manufacturers are taking initiatives to include BPA-free coatings in food and beverage cans.

Supportive Government policies to ban BPA

Government policies surrounding the usage of BPA, particularly in relation to products which are consumed by infants, are become strict. Governments in the region are gradually taking cognizance of health issues caused as an aftermath of BPA consumption and want to offer security and protection to consumers. Regulations and directives given by various governments to coating and resin industries are estimated to drive the market.

Impact of Covid-19 on Supply Chain

The pandemic caused a complete shutdown in various countries. The shutdown resulted in disruptions of supply chain and production cycle. At-home consumption during the lockdown increased; however, out-of-home consumption, which traditionally creates high profits, came to a near standstill. These factors are anticipated to impede the market growth.

Technological advancements in BPA-free coatings

Manufacturers are increasingly involved in research for safe and BPA-free substances, which are used to replace conventional BPA coatings. A variety of alternatives are available to Bisphenol A; however, the option of BPA-free material for use in mass production, reasonable cost, easy operation, and function is still being explored. In the future, harmless BPA-free coatings made from various materials are projected to be an opportunity for the market.

BPA Free Can Coating Segmental Outlook

The China & SEA BPA-Free Can Coatings market is expected to grow at 4.7% CAGR during the forecast period owing to the growing health risk awareness associated with bisphenol A (BPA). BPA is toxic and has many side effects to the human body, hence consumers are now days demanding for BPA free food or cans free from BPA content. The market is primarily developed in North America & Europe region.

The Asia Pacific region is still growing and as compared with those regions, the China & SEA region is comparatively new. The BPA-Free Can Coatings market is expected to grow at a healthy pace in the region. Due to the adverse impact of Covid-19, the sales of the market went down, however it is anticipated to see a healthy growth rate in China & SEA region in coming years.

On basis of resin type, the market is segmented into Low Molecular Weight (LMW) Polyester-Based Coatings, High Molecular Weight (HMW) Polyester-Based coatings, Epoxy-Based Coatings, Acrylic-Based Coatings, Oleoresin-Based Coatings, Others. The BPA Free Acrylic-Based Coatings segment holds the highest market share and also expected to dominate the market during the forecast period.

Based on technology, the market is categorized into Water Based, Solvent Based, Powder based, and Others. The Waterborne segment holds the highest market share and also expected to dominate the market during the forecast period owing to the high demand for waterborne can coatings.

In terms of can types, the market is divided into 3-Piece Welded Cans (3 PC), 2-Piece Draw and Redrawn (DRD) Cans, and 2-Piece Drawn and Ironed (D&I) CThe 2-Piece Drawn and Ironed (D&I) Cans segment holds the highest market share and also expected to dominate the market during the forecast period owing to the high demand among beverage can manufacturers. The 2-Piece Drawn and Ironed (D&I) Cans are also in demand from food manufacturers, hence the segment holds the largest market share in 2020.

On basis of resistance type, the market is segmented into Food, Beverage, and Others. The beverage segment holds the highest market share and also expected to dominate the market during the forecast period owing to the large production and consumption of beverage cans across the region.

On basis of Coating Surface, the market is segmented into Interior, Exterior, and Ends. The interior segment holds the highest market share owing to high demand for BPA-Free Can Coatings among consumers, which has pushed the market demand upwards for BPA free interior coatings.

BPA Free Can Coating Regional Outlook

The China & SEA BPA-Free Can Coatings market was valued at USD 385.7 Million in 2020 and is expected to reach USD 542.8 Million by 2028. The sales of can coatings had declined in 2020 due to the pandemic spreading across the world. Moreover, partial & full lock-down and mobility restrictions also pushed down the sales of the entire industry initially. However, countries are gaining momentum with the time frame, and thus, can manufacturers also be witnessing better sales across the region.

The growing demand for canned food and beverages has propelled the sales of can coatings, however, growing consumer concern for BPA has pushed the can coating manufacturers for BPA-free alternatives. China holds the highest market in 2020 and also expected to dominate during the forecast period. Growing consumer awareness regarding BPA health issue and increasing demand for BPA alternative products fuels the market demand.

Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the China & SEA BPA-Free Can Coatings Market
• Historical, Current and Projected Market Size in terms of Value.
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on China & SEA BPA-Free Can Coatings Market Performance

Segments

Resin Type

• Low Molecular Weight (LMW) Polyester-Based Coatings
• High Molecular Weight (HMW) Polyester-Based Coatings
• Epoxy-Based Coatings
• Acrylic-Based Coatings
• Oleoresin-Based Coatings
• Others

Technology

• Water Based
• Solvent Based
• Powder based
• Others

Can Type

• 3-Piece Welded Cans (3 PC)
• 2-Piece Draw and Redrawn (DRD) Cans
• 2-Piece Drawn and Ironed (D&I) Cans

End User

• Food
• Beverage
• Others

Coating Surface

• Interior
• Exterior
• Ends

Key Players

• Arkema
• Eternal
• Dow Chemical China Co. Ltd.
• Eastman Chemical Company
• Galstaff Multiresine
• Toyobo (Shanghai) Co. Ltd.
• SK Chemicals
• Royal DSM
• Hexion New Materials
• Nan Ya Plastics Corporation
• Olin Corporation
• PPG Coatings
• Valspar
• Magna Coatings Indonesia
• AkzoNobel
• Others

Competitive Landscape

• Top players in the market include Arkema, Eternal, Dow Chemical China Co. Ltd., Eastman Chemical Company, Galstaff Multiresine, Toyobo (Shanghai) Co. Ltd., SK Chemicals, Royal DSM, Hexion New Materials, Nan Ya Plastics Corporation, Olin Corporation, PPG Coatings, Valspar, Magna Coatings Indonesia, and AkzoNobel. These companies are considered as key manufacturers of China & SEA BPA-free can coatings based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
• The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the China & SEA BPA-Free Can Coatings market.