About Food Grade Metal Coating
Food grade metal coating is a specially formulated coating applied on the metallic surface to safeguard against corrosion and other foreign particles. This food-grade metal coating exhibits a very low coefficient of friction, good chemical resistance, and fairly good abrasion resistance which is ideal for the better operation of the food processing equipment. Food grade metal coating ensures the prolonged operating life of food processing equipment and reduces maintenance activities and downtime.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Food Grade Metal Coating market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Food Grade Metal Coating market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Grade Metal Coating market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PPG (United States), Valspar (United States), Akzo Nobel (Netherlands), ALTANA (Germany), KANSAI PAINT (Japan), Toyochem (Japan), National Paints Factories (United Arab Emirates), International Packaging Coatings (Germany), TIGER Coatings (Germany) and VPL Coatings (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Tnemec Company, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Food Grade Metal Coating market by , Application (Food Can, Beverage Can, General Line Can, Aerosol Can and Others) and Region.
On the basis of geography, the market of Food Grade Metal Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. If we see Market by Formulation, the sub-segment i.e. Water-based will boost the Food Grade Metal Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Product Innovation in Food Grade Metal Coatings using Different Alloys and Films
Market Growth Drivers:
Rising Demand for the Safety for Packaged Food with Help of Food Grade Metal Coating and Growth in Demand for the Ready to Eat Foods and Frozen Foods in Cans
Challenges:
The high cost can act as one of the Restraining Factors
Restraints:
Stringent Government Regulations regarding Coating Manufacturing and Base Properties
Opportunities:
Increasing Popularity for Canned and Bottled Water and Beverages
Market Leaders and their expansionary development strategies
In 2019, Tnemec Company, Inc., an industry-leading manufacturer of industrial coatings, announced it has acquired coatings company, ProPolymer Coatings, a coating provider for food and chemical processing plants. This acquisition offers the expertise and containment products for industrial processing; polymer concrete materials, manufactured for thermal shock and chemical resistance; and high-build, surface-tolerant epoxy coatings.
In May 2023, NLMK Group, a global steel company, has launched a new premium product, rolled steel with antibacterial coating. First batches of the new product have been trialled successfully by NLMK partners: Grand Line and Albes Production Association. The antibacterial coating protects the metal against harmful microorganisms and makes it perfect for interior finishing of various facilities, particularly in the food industry and healthcare.
FOOD AND DRUG ADMINISTRATION Sec. 175.300 Resinous and polymeric coatings state Resinous and polymeric coatings may be safely used as the food-contact surface when The coating is applied as a continuous film or enamel over a metal substrate; Coatings cured by oxidation, polymerization, condensation and prepared by prepolymerized substances and should be formulated from substances which are generally recognized as safe in food.
Key Target Audience
Food Grade Metal Coating Manufacturer, Supplier/Distributor, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.