The BPA-free coatings market size is anticipated to rise from US$ 7,056.46 Mn in 2022 and it is anticipated to surpass US$ 13,245.94 Mn by 2032. The demand for BPA-free coatings is expected to increase at a CAGR of 6.5% during the forecast period.
The growth of the global BPA-free coatings market during the projected period is anticipated to be steered by advances in the usage of oleoresinous enamel and PET laminate technology in the creation of BPA-free coatings. This factor is anticipated to fuel market trends for BPA coatings.
Additionally, BPA is a hormonally active substance. Consuming even little amounts of BPA chemicals in the body can lead to a variety of health issues, including asthma, obesity, prostate and breast cancer, negative immune system effects, and more. These factors are anticipated to inspire producers to create coatings free of BPA.
High product prices and poor product performance in contrast to BPA coatings may stymie the growth of the BPA-free coatings industry. Furthermore, due to a variety of factors such as growing consumer awareness of the harmful nature of BPA, and the evolving regulatory landscape, BPA-free products, including BPA-free coatings, have gained significant demand around the world.
However, due to increased regulatory pressure, producers in the market are progressively leaning toward developing BPA-free coatings.
Attribute
Details
BPA-free Coatings Market Estimated Size (2022)
US$ 7,056.46 Mn
BPA-free Coatings Market CAGR (2022-2032)
6.5%
BPA-free Coatings Market Forecasted Size (2032)
US$ 13,245.94 Mn
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Rising Demand for BPA-free, Eco-friendly, Non-toxic, and Sustainable Coatings
The global BPA-free coatings market is predicted to rise at a substantial rate during the forecast period as a result of these factors, as well as ongoing research and development initiatives.
While governments throughout the world have not imposed prohibitions on BPA coatings or packaging, businesses are progressively avoiding using BPA owing to diminishing demand for BPA-containing items. The organizations responsible for regulating food closely watch how food is processed and advocate for the adoption of BPA-free coatings in packaging and other products.
Due to the rigorous laws that are being enforced by governmental and non-governmental groups to reduce the use of BPA coatings, manufacturers choose BPA-free coatings. This is therefore expected to sketch out a successful future for the industry for BPA-free coatings.
Additionally, the estrogenic properties of BPA-based coatings, which can cause genetic disorders in living things, are anticipated to drive manufacturers to create BPA-free coatings during the projection period.
Rising Regulations Declining the Adoption of BPA-free Coatings
Bisphenol A (BPA) coatings are highly used in food processing industries, baby food bottles, can liners and others. Concerns have raised regarding the use of BPA in food can liners and water bottles due to their harmful effects on human health. BPA-free coatings are gaining ground on the backdrop of growing regulations against the use of BPA coatings.
Manufacturers opt BPA-free coatings due to rising regulations by governmental and non-governmental organizations to minimizing the use of BPA coatings. BPA-free coatings can be manufactured using various alternatives of epoxy resins including vinyl, acrylics, oleo or polyethylene.
The estrogenic nature of BPA based coatings which may lead to genetic disorder to living beings encourages manufacturers to produce BPA-free coatings during the forecast period.
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BPA-free Coatings Market: Dynamics
The production of BPA-free coatings is backed by innovations in the use of oleoresinous enamel and PET laminate technology drives the growth of the global BPA-free coatings market during the forecast period. The BPA coating used as liners in canned foods and other industries, exposure to which can be life threating to workers, pregnant women, children, and others. This factor is expected to drives the BPA-coatings market growth.
Also, BPA is hormonally active material, ingestion of even a small amount of BPA chemical in the body may cause many health problems including asthma, obesity, prostate and breast cancer, adverse effect on immune system and others. These factors are pushed manufacturers to produce BPA-free coatings.
The food regulatory agencies continuously pressurizing food processing and other industries to use BPA-free coatings in their packaging and other. This factor is expected to fuel the growth of the global BPA-fee coatings market during the forecast period. Although, the factors which can hamper the growth of the BPA-free coatings market are worth consideration.
The can manufacturers who depend heavily on BPA lined cans for decades, switching to another material for the production of BPA-free cans is not easy. Also, the cost of BPA-free coatings are comparatively higher than BPA coatings and is produced in high volume across the globe.
The performance of BPA-free coatings, however, is not delivered as much impact as compared to BPA coatings. These factors are expected to hamper the global BPA-free coatings market during the forecast period.
The BPA-free coatings market is expected to witness high growth owing to rising health issues by the use of BPA coatings. The Western Europe is supposed to fuel the global BPA-free coatings market. It is attributed to the availability of global paints and coatings manufacturers in the region, especially in Germany and Italy.
The region is followed by North America, the U.S. is home to various coatings manufacturers which are readily open to change. This factor is expected to drive the growth BPA-free coatings market in the region.
The APEJ is supposed to witness high growth in the market owing to the presence of various industries in the region. The MEA BPA-free coatings market is supposed to witness average growth. Japan BPA-free coatings market is expected to witness above average growth. Overall the outlook for the global BPA-free coatings market is expected to witness positive growth during the forecast period.
BPA-free Coatings Market: Key Players
Few of the leading players operating in the global BPA-free coatings market are –
PPG Industries, Inc.
Akzo Nobel N.V.
Koninklijke DSM N.V.
E.I. Du Pont De Nemours and Company
Wacker Chemie AG
Altana AG
Allnex Group
BASF SE
Kansai Paint Co., Ltd.
Bostik SA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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BPA-free Coatings Market: Segmentation
Globally, the BPA-free coatings market has been segmented on the basis of material type, end use and region:
On the basis of material type, the global BPA-free coatings market has been segmented as:
Acrylic based coatings
Vinyl based coatings
Oleo
Polyethylene
Others
On the basis of application, the global BPA-free coatings market has been segmented as:
Bottles
Can liners
Box
Others
On the basis of end use, the global BPA-free coatings market has been segmented as:
Food & beverages
Building & construction
Paint & coatings
Chemicals & fertilizers
Automotive
Others
On the basis of region, the global BPA-free Coatings market is segmented as –
