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), 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 Printing Type (Printed Cans, Non-Printed Cans), By Country (Thailand, Malaysia, Indonesia, Vietnam, Philippines, Singapore, Cambodia, India, Bangladesh, Sri Lanka, Others), By Company (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) Read more
- Chemicals
- Jul 2023
- 178
- PDF, Excel, PPT
Market Definition
The coating is the protective layer usually applied on both the interior & exterior surfaces of metal containers, generally for functional, protective, and decorative purposes. There are a large variety of can coatings that are commercially available with different chemical compositions, production processes, and technical properties. Additionally, the demand for the can coatings arises from the food & beverage companies as their packaging solution needs to be more effective, owing to improvising the shelf life of the product.
Market Insights & Analysis: Southeast Asia & Indian Subcontinent Can Coatings Market (2023-28)
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.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 8.6% |
| Country Covered | Thailand, Malaysia, Indonesia, Vietnam, Philippines, Singapore, Cambodia, India, Bangladesh, Sri Lanka, Others |
| Key Companies Profiled | 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 |
| Unit Denominations | USD Million/Billion |
The requirement for can coatings arises majorly from the food & beverage sector since the coatings help to enhance the shelf life of edible products. Indonesia & Malaysia are among the largest populated countries globally, with over 57% of the population living in urban areas in 2021 compared to about 55% in 2018, cites the World Bank. The growing urban populace has considerably increased the consumer need for packaged food & beverages, such as mayonnaise, clarified butter, soft drinks, etc., and, in turn, the demand for can coatings by manufacturers like Hindustan Tin Works Limited, PT Kedaung Indah Can Tbk, Canpac, etc., to ensure the consistent supply of cans in the food & beverage sector.
Further, various government initiatives in countries like Indonesia, & Thailand for boosting investments in the FMCG industry & strengthening economic growth are also anticipated to amplify the deployment of food processing, paint, & cosmetic facilities across the region, and hence augmenting the demand for can coatings over the forecast years. Along with it, the government initiatives to ban plastic bottles for packaging in the countries such as Indonesia, Vietnam, etc., have led companies to voluntarily shift towards canned packaging as an alternative, further boosting the market growth during 2023-28.
Southeast Asia & Indian Subcontinent Can Coatings Market Research Report (2023-2028) - Table of Contents
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Impact of COVID-19 on Southeast Asia & Indian Subcontinent Can Coating Market
- Southeast Asia & Indian Subcontinent Can Coating Market Trends & Insights
- Southeast Asia & Indian Subcontinent Can Coating Market Dynamics
- Drivers
- Challenges
- Southeast Asia & Indian Subcontinent Can Coating Market Regulations & Policies
- Southeast Asia & Indian Subcontinent Can Coating Market Hotspots & Opportunities
- Southeast Asia & Indian Subcontinent Caps & Closures Coating Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenue (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Type
- Crown
- Twist-Off Caps
- Roll-On Aluminum Pilfer Proof Caps
- By Type
- Market Size & Analysis
- Southeast Asia & Indian Subcontinent Can Coating Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenue (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- 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
- Food Cans
- 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
- By Competitors
- Competition Characteristics
- Revenue Share
- By Application
- Market Size & Analysis
- Thailand Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- Malaysia Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- Indonesia Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- Vietnam Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- Philippines Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- Singapore Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- Cambodia Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- India Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- Bangladesh Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- Sri Lanka Can Coating Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue
- By Quantity Sold
- Market Share & Analysis
- By Application
- By Material Type
- By Surface Type
- By Food Cans Printing Type
- By Region
- Market Size & Analysis
- Southeast Asia & Indian Subcontinent Can Coating Market Key Strategic Imperatives for Success
- Competition Outlook (More companies to be added during the course of the study)
- Competition Matrix
- Competitor Capabilities
- Target Markets
- Target End Users
- Strategic Alliances or Partnerships
- Strategic Initiatives
- Company Profiles Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
- 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
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making