Barrier Coating Market Trends and Forecast
The future of the global barrier coating market looks promising with opportunities in the aerospace, packing, automotive, military, and power markets. The global barrier coating market is expected to grow with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are increasing demand for sustainable packaging solutions and growth in the electronics industry, driving demand for barrier coatings that protect electronic components from moisture, dust, and corrosion.
• Lucintel forecasts that PE coating is expected to witness the highest growth over the forecast period.
• Within this market, aerospace is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Barrier Coating Market
• United States: PPG Industries announced the development of a new barrier coating technology for food packaging, designed to enhance product freshness and comply with FDA regulations on food contact materials.
• Germany: BASF SE introduced a bio-based barrier coating for paper and cardboard packaging, aiming to reduce carbon footprint and meet sustainability goals in the European market.
• China: Tetra Pak launched a recyclable barrier coating for beverage cartons, enhancing product protection and supporting ChinaÄX%$%Xs efforts to improve recycling rates and reduce plastic waste.
• India: UFlex Ltd. expanded its production capabilities for high-barrier films using metallization and coating technologies, catering to the growing demand for flexible packaging solutions in the Indian subcontinent.
• Brazil: Braskem announced a partnership with local packaging manufacturers to develop barrier coatings using renewable feedstocks, contributing to BrazilÄX%$%Xs bioeconomy strategy and promoting sustainable packaging solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Barrier Coating Market by Segment
The study includes a forecast for the global barrier coating market by type, application, and region.
Barrier Coating Market by Type [Value from 2018 to 2030]:
• PE Coatings
• Biodegradable Coatings
• Dispersion Barrier
• PET Coatings
• PP Coatings
• Metallized Coatings
• Others
Barrier Coating Market by Application [Value from 2018 to 2030]:
• Aerospace
• Packing
• Automotive
• Military
• Power
• Others
Barrier Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Barrier Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies barrier coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the barrier coating companies profiled in this report include-
• Oerlikon
• Bodycote
• Cincinnati Thermal Spray
• Precision Coatings
• A&A Coatings
• ASB Industries
• Barrier
• Imerys
• Solenis
• Praxair Surface Technologies
Recent Development in the Barrier Coating Market
• Elopak introduced a renewable barrier coating for beverage cartons derived from sugarcane, enhancing sustainability and recyclability in packaging solutions.
• Mondi developed a sustainable barrier coating for paper-based packaging, offering improved moisture and grease resistance while minimizing environmental impact.
• Amcor launched a high-performance barrier coating for the flexible packaging applications, providing enhanced protection against oxygen and moisture to extend shelf-life for perishable goods.
• Tetra Pak implemented a plant-based barrier coating for dairy and liquid food packaging, supporting brands in meeting consumer demand for sustainable and eco-friendly packaging solutions.
• Siegwerk introduced a water-based barrier coating for flexible packaging, focusing on enhancing printability and barrier properties without compromising recyclability and food safety standards.
Features of the Global Barrier Coating Market
Market Size Estimates: Barrier coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Barrier coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Barrier coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the barrier coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the barrier coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for barrier coating market?
Answer: The global barrier coating market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the barrier coating market?
Answer: The major drivers for this market are increasing demand for sustainable packaging solutions and growth in the electronics industry, driving demand for barrier coatings that protect electronic components from moisture, dust, and corrosion.
Q3. What are the major segments for barrier coating market?
Answer: The future of the barrier coating market looks promising with opportunities in the aerospace, packing, automotive, military, and power markets.
Q4. Who are the key barrier coating market companies?
Answer: Some of the key barrier coating companies are as follows:
• Oerlikon
• Bodycote
• Cincinnati Thermal Spray
• Precision Coatings
• A&A Coatings
• ASB Industries
• Barrier
• Imerys
• Solenis
• Praxair Surface Technologies
Q5. Which barrier coating market segment will be the largest in future?
Answer: Lucintel forecasts that PE coating is expected to witness the highest growth over the forecast period.
Q6. In barrier coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the barrier coating market by type (PE coating, biodegradable coating, dispersion barrier, PET coating, PP coating, metallized coating, and others), application (aerospace, packing, automotive, military, power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Barrier Coating Market Market, Barrier Coating Market Market Size, Barrier Coating Market Market Growth, Barrier Coating Market Market Analysis, Barrier Coating Market Market Report, Barrier Coating Market Market Share, Barrier Coating Market Market Trends, Barrier Coating Market Market Forecast, Barrier Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.