Container Glass Coatings Market Estimated to Record Highest CAGR by 2027
Construction
Container Glass Coatings Market: Introduction
- Container glass coatings are protective coatings generally employed to enhance the thermal resistance of glass containers. Key raw materials used in the manufacture of container glass coatings are polyester, hybrid, and epoxy resins. Container glass coatings are utilized to give clear and colored appearance to surfaces.
- Container glass coatings are employed in the protection of various glass containers such as bottles, bowls, and jars. These containers are used extensively in various end-use industries such as chemical, pharmaceuticals, cosmetics & personal care, and food & beverages.
- Increase in popularity of esthetic attributes of consumer goods has augmented the consumption of container glass coatings across the globe. Furthermore, container glass manufacturers are adopting container glass coatings to enhance the material properties of container glass such as scratch resistance and breakage reduction. This is anticipated to positively impact the demand for container glass coatings during the forecast period. Fluctuation in prices of raw materials of container glass coatings is anticipated to hamper the container glass coatings market during the forecast period
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Food & Beverage Application to Lead Global Container Glass Coatings Market
- Container glass coatings are employed in food & beverages to enhance the various properties of container glasses such as wear and starch reduction and minimizing breakage reduction. Furthermore, a few types of glass coatings can be used to protect product degradation from the impact of sunrays. Thus, the overall consumption of container glass coatings is projected to increase in food & beverages application in the near future.
- Expansion in the food & beverages industry and increase in demand for glass packaging are projected to boost the demand for glass containers. This, in turn, is anticipated to positively impact the demand for container glass coatings during the forecast period.
North America to Hold Leading Share of Global Container Glass Coatings Market
- Geographically, the global container glass coatings market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Europe is a leading consumer of container glass coatings, followed by North America and Asia Pacific. Establishment of the container glass manufacturing industry is driving the demand for container glass coatings in Europe.
- The container glass coatings market in the region is characterized by the early adopter type of customers who prefer innovative products. Thus, demand for glass containers with modern design and better esthetics is projected to rise during the forecast period. This, in turn, is likely to boost the demand for container glass coatings in Europe.
- Demand for container glass coatings in Asia Pacific is expected to rise at a significant pace in the near future. Increase in demand for packaged food products and growth of the FMCG industry are anticipated to boost the consumption of container glasses in Asia Pacific.
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Key Players Operating in Container Glass Coatings Market
Key players operating in the global container glass coatings market are collaborating with one another and sharing the technology for advancements in the production of container glass coatings. Major players operating in the global container glass coatings market include:
- Arkema Group
- Bottle Coatings
- KECO Coatings
- Toyo Glass Co., Ltd.
- Emst Deigel GmbH
- Gulbrandsen
- TIB Chemicals AG
- Nordson Corporation
- TIB Chemicals AG
- Deco Glas GmbH