Southeast Asia & Indian Subcontinent Can Coatings Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2028

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Southeast Asia & Indian Subcontinent Can Coatings Market (2023-2028):

According to the latest report, 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 report demonstrates the prominent factors propelling the exponential growth of the Southeast Asia & Indian Subcontinent Can Coatings Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2018-2021

·        Base year: 2022

·        Forecast Years: 2023-2028

·        CAGR (2023-28): 8.6%

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What key trends are shaping the future of the Southeast Asia & Indian Subcontinent Can Coatings industry?

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.

Southeast Asia & Indian Subcontinent Can Coatings Market Segmentation

The Global Southeast Asia & Indian Subcontinent Can Coatings Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• By Application
• Food Cans
• 2 Piece TFS DRD/Drawn Cans
• 2 Piece Aluminum DRD/Drawn Cans
• 3-piece tinplate welded cans
• Beverage Cans
• 2 Piece Aluminum Cans
• 3 Piece Tinplate Welded Cans
• General Line Cans
• Aerosol Cans
• 2 Piece Aluminum Monobloc Cans
• 3 Piece Tinplate Welded 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
• By Country
• Thailand
• Malaysia
• Indonesia
• Vietnam
• Philippines
• Singapore
• Cambodia
• India
• Bangladesh
• Sri Lanka
• Others

As per the regional aspect, the Southeast Asia & Indian Subcontinent Can Coatings Market is expected to be dominated by the Thailand by capturing the potential market share. 

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Top Companies in the Southeast Asia & Indian Subcontinent Can Coatings Market

PPG Industries Inc., Kansai Paints, PT. 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, and Others

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.

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