Southeast Asia & Indian Subcontinent Can Coatings Market CAGR of 8.6% during the forecast period of 2023 to 2028

Posted by Akio Komatsu on January 24th, 2025

Southeast Asia & Indian Subcontinent Can Coatings Market Overview and Insights:

According to MarkNtel Advisors 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.

Southeast Asia & Indian Subcontinent Can Coatings Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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Key Takeaways: Beneficial for Stakeholders and Clients:

  • Historical Data: 2018-21
  • Base Year: 2022
  • Forecast Period: 2023-2028

What are the major challenges facing the Southeast Asia & Indian Subcontinent Can Coatings Market?

Rising Popularity of Flexible Packaging in the Food & Beverage Industry - The food & beverage sector has always been a large procurer of metal cans. However, the influx of flexible packs is cutting down their demand in the industry. Flexible packaging methods like shrink wraps, squeezable tubes, foam trays, pouches, cling wraps, bubble wraps, stand-up packets, and vacuum bags are an emerging confrontation for metal-can manufacturers in Southeast Asia. The trend of flexible films is weakening the demand for metal cans, instigating manufacturers to deviate their container portfolio towards flexible & other plastic packing methods. Hence, hindering the expansion of the Southeast Asia & Indian Subcontinent Can Coatings market.

Who are the Key Players Operating in the Southeast Asia & Indian Subcontinent Can Coatings Industry?

The top companies of the Southeast Asia & Indian Subcontinent Can Coatings market ruling the industry are: 

  • 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

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What is Included in Southeast Asia & Indian Subcontinent Can Coatings Market Segmentation?

The report has segmented the market into the following categories:

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.)

Among them, Epoxy acquired a significant share in the Southeast Asia & Indian Subcontinent Can Coatings market due to its easy processing, superior adhesion, flexibility, and corrosion resistance when applied to metallic substrates. The commonly used epoxy coatings in cans are bisphenol A (BPA) and epichlorohydrin. However, the release of strict regulations by the Governments of India, Singapore, and Malaysia to limit & completely prohibit the use of BPA in packaging materials like cans & bottles, would restrict the market share of Epoxy resins in the Can Coatings market.

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

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Frequently Asked Questions (FAQs)-

  • What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  • What are the trends influencing the current scenario of the market?
  • How has the Southeast Asia & Indian Subcontinent Can Coatings industry been evolving in terms of geography & adoption?
  • Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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Akio Komatsu

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Akio Komatsu
Joined: August 6th, 2024
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