Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Container glass coating is a type of protective primer coating on glass for providing heat resistance ability to glass containers. It is used in order to protect glass containers such as bottles, bowls, jars etc. which is primarily supplied to the chemical, pharmaceutical, food and beverage, cosmetics and personal care industry. The fundamental materials which is required for the manufacturing of container glass coatings is comprises epoxy, hybrid and polyester resins. The container glass coatings may provide a non-pigmented clear or coloured appearance to the surface of the glass.
The container glass coating market is anticipated to grow at CAGR of 5.85% during the forecast period of 2021-2027. The increasing popularity of Aesthetic attributed of customer goods is propelling growth of container glass coating market. The growing adoption of container glass coatings for enhancing the material properties of container glass is also boosting growth of container glass coating market. The growing food and beverage industry coupled with rising demand for glass packaging is also refuelling growth of container glass coating market. However, fluctuation in prices of raw materials is likely to hamper the growth of container glass coating market.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the container glass coating market. In addition, complete analysis of changes on container glass coating expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The market is got somewhat hampered due to COVID-19 pandemic as there is disturbances in supply chain and fluctuations in prices of raw materials owing to mismatch between demand and supply during the COVID-19 pandemic. Also, many countries are under the complete shutdown owing to high outbreak of COVID-19 in the countries.
The container glass coating market is segmented into the product type, coating type, end use industry and geography.
The various product type such as hot end coatings and cold end coatings are comprised in the container glass coating market. In which hot end coatings is expected to dominate the market in 2020. The hot end coating of glass containers is a standard process at ever container glass manufacturer. It increases the surface strength of the containers prior to the CEC application. In order to prevent stress cracks during production and industrial filling container glass must be treated by a coating which provides protection against abrasion and scratches to the glass container.
The coating type such as coloured coatings, frost effects coatings, anti-scratch coatings and decorative coatings are comprised in the container glass coating market. In which decorative coatings is estimated to dominate the market in 2020. The rising preferences towards the aesthetic attributes of customer goods is propelling growth of container glass coating market. The growing demand for decorative containers is also boosting growth of container glass coating market.
The end use industries such as food and beverage sector, pharmaceutical sector and technical product sector are segmented into container glass coating market. In which the food and beverage sector followed by pharmaceutical sector is likely to dominate the market in 2020. The rising demand for glass containers is propelling growth of container glass coating market. The rising adoption of glass coating for enhancing the material properties of containers is also refuelling growth of container glass coating market.
The container glass coating market is studied for key countries of regions such as North America, Europe, Asia Pacific and Rest of the World. In which North America is anticipated to dominate the market in 2020. The rising food and beverage industry is propelling growth of container glass coating market. The growing demand for aesthetic containers is also boosting growth of container glass coating market. The rising adoption of glass containers is also driving growth of container glass coating market.
The key players of the market are Arkema Group, Bottle Coatings, Keco Coatings, Toyo Glass Co. Ltd., Emst Deigel Gmbh, Gulbrandsen, Tib Chemicals Ag, Nordson Corporation, Tib Chemicals Ag and Deco Glas Gmbh among others.
The report analysed the container glass coating market based on the product type, coating type, end use industry and geography. By product, the market is segmented into hot end coatings and cold end coatings. Based on coating type, the market is segmented into the colored coatings, frost effect coatings, anti-scratch coating and decorative coatings. Based on end use industry, the market is segmented into the food and beverage sector, pharmaceutical sector and technical product sector. The report also analyses the impact of COVID-19 on the container glass coatings and it analysed that the market is got somewhat hampered due to COVID-19 pandemic as there is disturbances in supply chain and fluctuations in prices of raw materials owing to mismatch between demand and supply during the COVID-19 pandemic. Also, many countries are under the complete shutdown owing to high outbreak of COVID-19 in the countries. The report also analyses the major key players operating in the market.
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