PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437530
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437530
BPA-Free Coatings Market size was valued at USD 7,213.3 Million in 2023, expanding at a CAGR of 8.0% from 2024 to 2032.
Bisphenol A (BPA)-free items or coatings are those that don't contain BPA. Some polymers and resins have been made using a chemical molecule called bisphenol A. It is often used as a component in the production of a wide range of consumer goods, such as coatings for items like thermal paper receipts, medical gadgets, and food and beverage containers.
BPA-Free Coatings Market- Market Dynamics
Rising investments drives market growth
The increasing investments are expected to propel the market growth during the forecast period. For instance, in November 2023, with a USD 34.65 million investment, AkzoNobel is building a new facility in Vilafranca del Penedes, Spain, to produce coatings free of bisphenol for the metal packaging market in Europe, the Middle East, and Africa. The new factory has been constructed to meet the highest eco-efficiency requirements and is anticipated to be operational by mid-2025, creating about 40 new employments.
BPA-Free Coatings Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.0% over the forecast period (2024-2032)
Based on type segmentation, the Polyethylene Coating segment is expected to grow at the highest CAGR during the forecast period
Based on application segmentation, the food & beverages segment is expected to hold the largest market share during the forecast period
Based on region, Europe held the largest market share in 2023
The Global BPA-Free Coatings Market is segmented based on Type, Application and Region.
The market is divided into four categories based on type: Acrylic Paint, Polyethylene Coating, Vinyl Coating and Others. The Polyethylene Coating segment is expected to hold a substantial market share during the forecast period owing to the increasing demand from food & beverages sector. Polyethylene coatings are commonly used in the food and beverage industry as protective layers for packaging materials. They can provide a barrier to moisture, grease, and other contaminants.
The market is divided into five categories based on application: Paint & Coatings, Chemicals & Fertilizers, Food & Beverages, Building & Construction, Automotive and Others. The Food & Beverages segment is expected to hold the largest market share during the forecast period. Due to the growing consumer awareness about the harmful effect of BPA, which influence food & beverages manufacturers to adopt BPA-Free Coating solutions.
BPA-Free Coatings Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Europe is expected to hold the largest market share during the forecast period. Increased consumer awareness of potential health risks associated with BPA has driven demand for BPA-free products, including coatings. Consumers in Europe, as in many other regions, are often more inclined to choose products labeled as BPA-free. For instance, in February 2024, a draft proposal to gradually phase out the use of the contentious chemical Bisphenol A in food-contact materials, such as plastic packaging, can protective coatings, and food processing equipment, was made public by the European Commission. The European Food Safety Authority (EFSA), which found in April 2023 that consumers are at risk of health problems from existing levels of exposure to bisphenol A (BPA), provided scientific advice that is followed in this proposal.
The key players operating in the market are BASF SE, Allnex Group, Koninklijke DSM N.V., E.I. Du Pont De Nemours and Company, Wacker Chemie AG, Altana AG, Akzo Nobel N.V., PPG Industries Inc., Kansai Paint Co. Ltd. and Bostik SA. These players adopted various types of strategies to remain competitive in the market such as product launches, acquisitions, expansion, approvals, agreements and others.
In August 2022, with regard to aluminum beverage cans, PPG has introduced the latest generation of their acrylic internal spray coating. This version is claimed to have better application qualities and doesn't include bisphenol-A (BPA) or bisphenol starting ingredients.
GLOBAL BPA-FREE COATINGS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
BASF SE
Allnex Group
Koninklijke DSM N.V.
E.I. Du Pont De Nemours and Company
Wacker Chemie AG
Altana AG
Akzo Nobel N.V.
PPG Industries Inc.
Kansai Paint Co. Ltd.
Bostik SA