Can Coatings Market Size & Share, by Type (Acrylic, Epoxy, Polyester); Application (Beverage Can, Food Can, General Line Can, Aerosol Can) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4537
  • Published Date: Mar 09, 2023
  • Report Format: PDF, PPT

Global Can Coatings Market Definition

Can coatings are used for a variety of daily tasks and have various applications in the food & beverages, personal care, chemical, and pharmaceutical industries. They are usually used in metal packaging as they provide protection and aesthetically pleasing ornamentation. Coating materials include a variety of beginning ingredients such as monomers, prepolymers, additives, and much more. There are several types of can coatings such as acrylic, epoxy, polyester, and others.

Compared to other types of coatings, epoxies are compatible with a wider variety of foods and beverages, as they stick to metal surfaces well, and have good flexibility, strength, and chemical resistance. Epoxy can coatings are widely employed in making beverage cans since it helps in maintaining the product's flavor and taste. Both alcoholic and non-alcoholic beverages are served in beverage cans, as it creates a barrier against oxygen and light, keeping liquids fresh and flavorful. For instance, soft drinks with carbonation are acidic, hence coatings such as epoxy-amino resin or epoxy-phenolic resin systems offer resistance to corrosion by such materials. Apart from being widely used in the food and beverage industry epoxy also has a range of commercial and industrial uses. They are used as paints or coatings since they offer a rapid drying, durable, and protective covering for metals and other materials. Further, epoxy coatings are applied over concrete floors in a range of commercial and industrial settings, including factories, retail and commercial establishments, industrial facilities, warehouses, medical facilities, showrooms, and others. They provide a chemically resistant flooring option that can be put directly over new or existing concrete floors.

Global Can Coatings Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 3 Billion

Forecast Year Market Size (2035)

~ USD 4 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Global Can Coatings Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global can coatings market is estimated to garner a revenue of ~USD 4 Billion by the end of 2035 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 3 Billion in the year 2022. The growth of the market can be attributed to the growing popularity of canned food and beverage. Further, the demand for canned products is influenced by increased disposable income and busy lives. As canned food is so convenient to use and consume, it is becoming more and more popular, which in turn will encourage the manufacturers of beverage cans to promote the necessity for can coatings. As per estimates, more than 90% of Americans store canned food in their households.


In addition to these, factors that are believed to fuel the market growth of can coatings include the increasing growth of the metal industry. There is a growing consumer demand for metal packaging as more and more people are readily consuming canned food and beverages. For beverage containers, metal packaging works best since it is easy to cool, great for keeping the contents fresh, and prevents breakages in transport owing to the material's durability. Additionally, can coatings are used in metal packing items owing to their qualities, such as resistance to acidic chemicals and meals. Moreover, as metal is a very sustainable material, it can be recycled endlessly and is easily moldable into a variety of designs. It also offers good protection against light, gas, and moisture.

Global Can Coatings Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand for Epoxy Coating– Paint and coating industries are increasingly using the epoxy coating. Epoxy-based powder coatings have seen tremendous growth as a result of the rising demand for environmentally friendly paints. For instance, China has seen tremendous growth in the use of epoxy resins for coatings, and demand is anticipated to increase by more than 4% per year by 2026.

  • Rising Spending on Personal Care Products– The demand for cosmetics and skin care products is estimated to drive market growth. For instance, beauty and personal care goods including skin care, makeup, and hair care are becoming a crucial element of everyday grooming. As of 2022, sales of skincare products increased by more than 10% in the United States.

  • Increasing Population in Urban Areas – According to the United Nations, 55% of the world's population currently resides in cities. It is anticipated that the percentage would increase to 68% by 2050.

  • Surging Need for Aerosol Cans– Aerosol cans are portable and compact. The aerosol cans are being increasingly used in several industries, including personal care, healthcare, and household care.  Further, aerosol packaging is also used in the personal care industry since it has a low carbon footprint, and is recyclable. North America accounted for more than 20% of worldwide consumption of aerosol cans as a result of their widespread usage.


  • Lack of Sufficient Raw Materials for Demand and Supply - The can coatings industry uses raw materials like vinyl and polyester, which are petroleum-based raw resources, and as a result of changes in the price of petroleum, the producers of for coatings have been announcing price rises. The volatility in price is anticipated to have an impact on the market. As a result, it is predicted that this factor would restrain market expansion throughout the projection period.
  • Strict Rules and Regulations by the Government
  • Increasing Geopolitical Problems

Global Can Coatings Market Segmentation

The global can coatings market is segmented and analyzed for demand and supply by application into the beverage can, food can, the general line can, aerosol can, and others. Out of the five types, the beverage can segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the surging demand for beverage cans. For instance, there is increasing consumption of beverages such as carbonated soft drinks, beer, and cider, which has accelerated the production of cans which in turn boosts the demand for can coating. The utilization of beverages can be escalating owing to rising concerns about sustainability and imposed ban on plastic packaging. Furthermore, coatings provide cans with strong resistance to moisture and chemicals, minimizing beverage contamination brought on by metal reactions. According to projections, the market share of cans for American beer and hard soda climbed by more than 60%.

The global can coatings market is also segmented and analyzed for demand and supply by type into acrylic, epoxy, polyester, and others. Amongst these three segments, the epoxy segment is expected to garner a significant share. Epoxy is used in beverage cans, which is gaining popularity as they provide longer shelf life. Epoxy coatings make cans corrosion-resistant and eliminate any metal residues that can cause food poisoning. Furthermore, epoxy is also, used to create floors, adhesives, plastics, paints, varnishes, and more owing to its strong properties.

Our in-depth analysis of the global can coatings market includes the following segments:

      By Application

  • Beverage Can
  •  Food Can
  • General Line Can
  • Aerosol Can
  •  Others

        By Type

  • Acrylic
  • Epoxy
  • Polyester
  • Others

Global Can Coatings Market Regional Synopsis

The Asian Pacific can coatings market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the increasing urbanization in the region. Growing urbanization has led to a change in the lifestyles of the people living in developing areas. Owing to a lack of time, urban households spend more money on packaged meals. Further, metal food and beverage containers, such as canned food, beer & juice cans, are becoming increasingly popular in the Asia-Pacific area owing to several advantages over other forms of packaging, including improved product protection, durability, sustainability, affordability, and others. As of 2030, more than 50% of the people in Asia would live in cities.

The North American can coatings market, amongst the market in all the other regions, is projected to have satisfactory growth during the forecast period. The growth of the market can be attributed majorly to the huge demand for packaged food in the region. For storing the packaged food metal cans are being used as they can be easily carried to places such as beaches, events, and festivals. Metal cans are durable, unbreakable, and can be recycled after usage. This property of metal cans has also increased their demand amongst people in the region who are conscious about the environment. Further, the popularity of energy drinks among young adults has also increased, which leads to the introduction of more new products in the market.


Top Featured Companies Dominating the Global Can Coatings Market

  • Akzo Nobel N.V.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • PPG Industries, Inc.
  • Valspar
  • ALTANA Divisions
  • Toyochem Co., Ltd.
  • KANSAI PAINT Co., Ltd.
  • National Paints Factories Co. Ltd.
  • TIGER Coatings GmbH & Co. KG
  • International Packaging Coatings GmbH & Co. KG
  • VPL Coatings GmbH & Co KG



In the News

  • PPG Industries, Inc. introduced PPG STEELGUARD coating, which provides fire protection coating with up to three hours of cellulosic fire protection created to satisfy the needs of contemporary architectural steel. Moreover, without the requirement for a top coat, PPG STEELGUARD coating effectively protects against corrosion in very corrosive atmospheric situations

  • Toyochem Co., Ltd. developed Bisphenol A non-intent interior coating for metal cans to address regulator and customer concerns about BPA's effects on consumer health and food safety. Further, acrylic emulsions and polyester resins are used to make these metal cans.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4537
  • Published Date: Mar 09, 2023
  • Report Format: PDF, PPT

Key Questions Answered in the Report

1) What are the major factors driving the growth of the can coatings market?

Ans: Rising spending on personal care products and the surging need for aerosol cans are the major factors driving the market growth.

2) What would be the CAGR of can coatings market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the can coatings market growth?

Ans: Lack of sufficient raw materials for demand and supply, and strict rules and regulations by the government are estimated to be the growth hindering factors for the market expansion.

4) Which region will provide more business opportunities for growth of can coatings market in future?

Ans: The market in the Asian Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the can coatings market?

Ans: The major players in the market are PPG Industries, Inc., Valspar, ALTANA Divisions, Toyochem Co., Ltd., KANSAI PAINT Co., Ltd., National Paints Factories Co. Ltd., TIGER Coatings GmbH & Co. KG, International Packaging Coatings GmbH & Co. KG, VPL Coatings GmbH & Co KG, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the can coatings market?

Ans: The market is segmented by type, application, and by region.

8) Which segment captures the largest market size in application in the can coatings market?

Ans: The beverage can segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.


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