Rising Environmental Concerns to Drive the Demand for Aqueous Barrier Coatings in the Years to Come

The latest market report published by Credence Research, Inc. “Global Aqueous Barrier Coatings Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Aqueous Barrier Coatings Market generated revenue of around USD 935.12 million in 2021 and is anticipated to grow a CAGR of over 6.50% during the forecast period from 2022 to 2028 to reach around USD 1,500.89 million in 2028. While, cumulative growth opportunity presented by the global Aqueous Barrier Coatings is around USD 8.78 billion during 2022 to 2028.

Global Aqueous Barrier Coatings Market, 2021 – 2028 (USD Million)

Browse the full report at  Aqueous Barrier Coatings market: Growth, Share, and Competitive Analysis, 2016 – 2028 | Credence Research

Barrier coatings are intended to arrest the flow of water, oxygen, oil, grease, moisture etc. Increasing pressure from the end-users for more sustainable packaging is leading the development and demand for the Aqueous Barrier Coatings for packaging. Aqueous Barrier Coatings facilitate more convenient, sustainable and novel packaging which can extend shelf life of the food and beverages.

Growing Demand for Paper and Paperboard Packaging  

Paper & paperboard packaging market is growing at a rapid pace across the world. This growth can be attributed to level of convenience offered by the paper packaging in food industry. Disposable paper cups and containers are in great demand from food & beverages industry. Paper cups and containers are required to be coated with barrier coatings in order to keep the properties of food & beverage intact during the shelf life. Post COVID 19, the world has witnessed surge in demand for disposable paper cups and containers in food & beverage industry.

Increasing Environmental Concerns

World is facing increasing environmental concerns owing increasing waste out of paper packaging which is not easily disposable owing to the non-conventional coating materials applied on it. This in turn created issues related to landfill management, degradation, etc. Looking into this, the demand for sustainable packaging materials is on the rise across the world. Moreover, changing consumer preferences coupled with growing awareness among consumers the demand for Aqueous Barrier Coatings is likely to be driven at a rapid pace in the years to come.           

North America is Second Leading Market for Aqueous Barrier Coatings

Europe is leading the Aqueous Barrier Coatings industry with over 30% share in 2021, followed by North America. Big five markets in Europe held over 50% share in 2021. Germany is the largest consume of Aqueous Barrier Coatings in Europe with over 20% share in 2021, followed by UK, France, Italy and Spain. While, India, China and Japan dominate production as well as consumption of Aqueous Barrier Coatings in Asia Pacific. Demand for Aqueous Barrier Coatings is growing in Europe and North America as an alternative to conventional materials. Moreover, growing awareness among end-user regarding environmental concerns associated with no-degradable barrier coatings are likely to further fuel the demand for Aqueous Barrier Coatings.

Significance of War between Russia & Ukraine for Aqueous Barrier Coatings Importers

As Ukraine and Russia has meager contribution in production as well as consumption of Aqueous Barrier Coatings the impact of war between Russia and Ukraine will be minimal on this market.

Major players operating in the Aqueous Barrier Coatings industry include Kuraray Co., Ltd., Dow, Actega, TAPPI, SOLENIS, Stora Enso, BASF SE, Kemira, Empowera, SAES Getters S.p.A and Clariant.

 

 

Market Segmentation

Global Aqueous Barrier Coatings Market by Type, 2016 – 2028

  • Paper
  • Paperboard

Global Aqueous Barrier Coatings Market by Company, 2016 – 2028

  • Kuraray Co., Ltd.
  • Dow
  • Actega
  • TAPPI
  • SOLENIS
  • Stora Enso
  • BASF SE
  • Kemira
  • Empowera
  • SAES Getters S.p.A
  • Clariant
  • Others