Analysis of Food Grade Epoxy Paint market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Food grade epoxy paints are derived from the combination of epoxies. Food grade epoxy paints are chemical and water resistant, and they have anti-fungal properties and are extremely durable and possess excellent adhesion to a variety of substrates. They find applications in food processing, food packaging, and industrial applications. Furthermore, food grade epoxy paints are recommended for use in the coastal areas and they can also be applied on floors to protect from saline and chemicals.
The growing demand for paints and coatings for industrial applications is the vital factor expected to encourage the overall demand for food grade epoxy paint. The market is estimated to grow at a significant rate in the upcoming years with the development of new materials, inventions, and progression of equipment and application processes. High cost of food grade epoxy paints could confine the progress of the market, but their exceptional properties and long life would overshadow the high cost.
Food grade epoxy paints are extensively used in manufacturing of water tanks, packaging, and processing. The global food grade epoxy paint market is highly concentrated, with presence of handful leading companies. Water-based food grade epoxy paints are increasingly replacing organic solvents.
The VOCs released from solvent-based paints is the primary reason for the switch of manufacturers to water-based food grade epoxy paint. The absence of isocyanate, costly ventilation systems, and inflammable elements make water-based food grade epoxy paints the first choice. The growing demand for waterborne epoxy paint, particularly from developing countries, is expected to upsurge the growth of the global food grade epoxy paint market.
Examples of some of the key players identified in the global food grade epoxy paint market include
In the past few years, the global food grade epoxy paint market has witnessed significant growth and is expected to follow the same trend over the forecast period. The global food grade epoxy paint market is driven by increasing demand from the paint and coatings, food & beverages, water tank industries. Stringent government regulations in the U.S and Europe to control air pollution is expected to result in shift towards adoption of new, low VOC paint technologies. The export of food grade epoxy paints by the manufacturers to service providers makes it a highly productive market.
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The usage of food grade epoxy paints has been consistently increasing in numerous applications, e.g., food packaging, food processing, water tanks, etc. The demand for food grade epoxy paints owing to their properties (low permeability, good resistance, easily fixed) is also rising. Asia Pacific is the expected to be the leading market for food grade epoxy paints, in terms of value and volume, followed by Europe and Rest of the World. Due to the growing demand on domestic front, easy access to resources, raise in disposable income Asia-Pacific is expected to be the dominant regional market for food grade epoxy paint over the forecast period.
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A modeling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments included in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global scale to estimate the overall market sizes.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
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Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
By Application, the global food grade epoxy paint market is segmented into:
By Function, the global food grade epoxy paint market is segmented into:
By Distribution Channel, the global food grade epoxy paint market is segmented into:
By Technology, the global food grade epoxy paint market is segmented into:
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The food grade epoxy paint market is expected to garner a market value of US$ 15.75 Billion by the end of 2028.
North America is expected to possess 43% market share for food grade epoxy paint market in the forecast period 2018-2028.
The food grade epoxy paint market is expected to register a CAGR of 5.5% in the forecast period 2018-2028.
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