Water-Based Barrier Coatings Market

Altana Group (Germany) and Kuraray Co., Ltd (Japan) are Leading Players in the Water-Based Barrier Coatings Market

The global water-based barrier coatings market size is projected to grow from USD 1.2 billion in 2023 to USD 1.6 billion, at a CAGR of 6.3%. Water-based barrier coatings have emerged as a game-changer in the packaging industry for sustainability and product preservation. This innovative technology offers a compelling solution to the growing demand for eco-friendly and functional packaging materials. Water-based barrier coatings align with the global shift toward sustainability and deliver enhanced product protection, making them a strategic choice for manufacturers and brand owners.

These coatings are revolutionizing diverse industries, from food and beverages to pharmaceuticals and electronics. Their ability to provide cost-effective, sustainable, and regulatory-compliant packaging solutions positions them as a driving force in the future of packaging. As consumer preferences evolve towards eco-conscious choices, water-based barrier coatings are poised to witness substantial growth. With the potential to extend product shelf life, reduce waste, and address regulatory concerns, they offer a holistic approach to packaging challenges. This report provides a comprehensive analysis of this transformative technology, empowering businesses to leverage the advantages of water-based barrier coatings and navigate the evolving packaging landscape with confidence.

To know about the assumptions considered for the study download the pdf brochure

Sustainable paper and board barrier products are eco-friendly alternatives to conventional packaging materials containing plastics, perfluorocarbon, and wax. While products with water-based barrier coatings are more expensive than traditional options, optimizing their performance at the lowest cost is essential to enhance cost competitiveness and maintain production efficiency. Achieving full coverage of the surface is a fundamental prerequisite for effective barrier properties. Any defects in the barrier layer, such as pinholes resulting from protruding fibers, uneven coat weight distribution, foam holes, excessive coating penetration into porous sheets, or drying-related pinholes, can compromise the coating's effectiveness. The extent of coverage is influenced by various application and metering methods, as well as the characteristics of the base substrate.

The European region is a major consumer of water-based barrier coatings. The regulatory landscape in Europe plays a pivotal role. The stringent and comprehensive regulations set by the European Union (EU) related to food safety, environmental sustainability, and quality of packaging materials necessitate the adoption of safer and eco-friendly solutions. Water-based barrier coatings comply with these stringent standards, as they are typically devoid of harmful chemicals, making them compliant with EU regulations. This regulatory framework creates a strong pull factor for adopting water-based barrier coatings among manufacturers and businesses in the region. Europe's sustainability-driven mindset is a significant driver. Both consumers and businesses in Europe increasingly favor sustainable practices, including eco-friendly packaging solutions. Water-based barrier coatings are preferred for their minimal environmental footprint, recyclability, and reduced carbon emissions compared to traditional coatings. The European market's responsiveness to sustainability aligns well with the eco-credentials of water-based barrier coatings.

There are various small, medium, and large players operating in the market. Some of the major market players include Altana Group (Germany), BASF SE (Germany), H.B. Fuller Company (US), Kuraray Co., Ltd (Japan), Sonoco Products Company (US), Michelman, Inc (US), Imerys (France), Solenis (US), Dow Inc (US), Omya AG (Switzerland). They have adopted various developmental strategies such as investment & expansions, new product launches, mergers & acquisitions, and joint ventures to increase their share in the market.

Altana Group: Altana is a prominent player in the specialty chemicals sector, dedicated to developing and producing cutting-edge, high-quality products. Headquartered in Wesel, Germany, Altana has established itself as a truly global entity, with a remarkable 86% of its sales stemming from international operations. The organization is structured into four divisions, each holding a leading position in their respective markets - BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants.

These divisions distinguish themselves through their commitment to excellence in quality, product solution expertise, innovation, and service delivery. Altana's strategic focus extends to providing innovative and environmentally compatible solutions, complemented by a range of specialty products tailored for coating manufacturers, paint and plastic processors, the printing and cosmetic industries, as well as the electrical and electronic sector.

Altana's extensive product portfolio encompasses additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments. Altana consistently delivers its promise of high-quality and innovative solutions and is a reliable partner for industries seeking advanced and sustainable chemical products.

Kuraray Co., Ltd: Kuraray Co., Ltd. manufactures and sells manufactures and sells functional resins, chemicals, textiles, medical products, and synthetic fibers. It operates through the following segments: Vinyl Acetate, Isoprene, Functional Materials, Fibers and Textiles, Trading, and Others. The Vinyl Acetate segment domestically produces polyvinyl alcohol resin, optical PVA film, and EVAL gas barrier. The Isoprene segment manufactures isoprene, fine chemicals, genestar, septon, liquid rubber, kurarity acrylic thermoplastic elastomer, and others. The Functional Materials segment offers methacrylic resin, clarino, and dental materials in the medical business. The Fibers and Textiles segment sells kuralon, polyester staple, kuraflex, hook and loop fasteners, and others. The Trading segment includes importing & exporting and wholesaling fibers and textiles such as polyester filament and chemicals. The Others segment deals with activated carbon, aqua, and engineering business. The company was founded in 1926 and is headquartered in Tokyo, Japan.

Related Reports:

Water-Based Barrier Coatings Market by Component (Water, Filler, Binder, and Additives), Barrier Type (Water Vapor, Oil/Grease), Substrate (Paper & Cardboard), End-Use Industry (Food & Beverage), and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Water-Based Barrier Coatings Market Size,  Share & Growth Report
Report Code
CH 8915
RI Published ON
1/24/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status