Market Overview:
The global food grade coating market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food grade coatings from various end-use industries, such as interior storage silos, wine tanks, grain elevators, hopper cars, and others. In terms of type, the epoxy coating segment is projected to lead the global food grade coating market during the forecast period. This can be attributed to its properties such as high chemical resistance and durability. In terms of application, the interior storage silos segment is projected to lead the global food grade coating market during the forecast period.
Product Definition:
A food grade coating is a type of coating that is applied to food in order to protect it from contamination and extend its shelf life. Food grade coatings are typically made of polymers or other inert materials that do not impart any taste or odor to the food. They are also non-toxic and safe for human consumption. Food grade coatings can be used on a variety of foods, including fruits, vegetables, meat, seafood, and baked goods.
Epoxy Coating:
Epoxy coating is a resin-based protective coating, which is primarily applied to the food contact surface. It has applications in various end-use industries such as automotive, aerospace & defense and building & construction. Epoxy coatings are used for providing protection against corrosion, staining and water damage.
Vinyl Ester Coating:
Vinyl ester coating is a type of food-grade coating which is prepared from polyvinyl alcohol, and it’s majorly used in the food industry. It has excellent water solubility properties, high viscosity and good thermal stability. Also, it provides protection to the surface on which it is applied due to its hydrophobic nature.
Application Insights:
The others segment held the largest share of the global food grade coating market in 2017. This is attributed to its application in a wide range of industries including dairy, bakery and confectionery, meat processing and pharmaceuticals. The interior storage silos segment is expected to register the fastest growth over the forecast period owing to its rising demand from various industries such as agriculture, petrochemicals and construction among others.
Interior storage silos are widely used for storing grains or other agricultural products that require protection from moisture during transportation & storage. These types of silos also have high requirements for durability & corrosion resistance which leads to an increased use of coatings in these applications globally.
Regional Analysis:
North America emerged as the largest regional market in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing construction spending and growing food production in countries, such as U.S., Canada, and Mexico. Europe accounted for a significant share of global revenue in 2017 on account of high acceptance from end-users regarding product properties including anti-microbial, UV resistance, chemical resistance among others.
Asia Pacific is projected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 due to rapid industrialization along with supportive government initiatives for promoting investments in various sectors including agriculture & aquaculture and food processing & packaging industry which will drive demand for GSFCs over the forecast period. In addition, rising population coupled with increasing disposable income will boost demand further over next eight years which would leadgershelf life products storage buildings grain elevators silos tanks wine tanks Others).
Growth Factors:
- Increasing demand for processed and packaged food products
- Rising disposable income of consumers in developing countries
- Growing awareness about the benefits of food coatings among consumers
- Technological advancements in the food coating industry
- Expansion of the global retail sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Coating Market Research Report
By Type
Epoxy Coating, Vinyl Ester Coating, Others
By Application
Interior Storage Silos, Wine Tanks, Grain Elevators, Hopper Cars, Others
By Companies
AkzoNobel, Sherwin-Williams, PPG, Henkel, Jotun, Tnemec, Praxair Surface Technologies, Carboline, Endura Coatings, Fakolith Group, AkzoNobel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Coating Market Report Segments:
The global Food Grade Coating market is segmented on the basis of:
Types
Epoxy Coating, Vinyl Ester Coating, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Interior Storage Silos, Wine Tanks, Grain Elevators, Hopper Cars, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- Sherwin-Williams
- PPG
- Henkel
- Jotun
- Tnemec
- Praxair Surface Technologies
- Carboline
- Endura Coatings
- Fakolith Group
- AkzoNobel
Highlights of The Food Grade Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Epoxy Coating
- Vinyl Ester Coating
- Others
- By Application:
- Interior Storage Silos
- Wine Tanks
- Grain Elevators
- Hopper Cars
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade coating is a type of protective finish that is applied to food products in order to prevent them from becoming contaminated. The coating can be made up of a variety of materials, including waxes, oils, and resins. It is typically applied to the surface of the product before it goes into production or distribution.
Some of the major players in the food grade coating market are AkzoNobel, Sherwin-Williams, PPG, Henkel, Jotun, Tnemec, Praxair Surface Technologies, Carboline, Endura Coatings, Fakolith Group, AkzoNobel.
The food grade coating market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Coating Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Food Grade Coating Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Food Grade Coating Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Food Grade Coating Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Food Grade Coating Market Size & Forecast, 2018-2028 4.5.1 Food Grade Coating Market Size and Y-o-Y Growth 4.5.2 Food Grade Coating Market Absolute $ Opportunity
Chapter 5 Global Food Grade Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Food Grade Coating Market Size Forecast by Type
5.2.1 Epoxy Coating
5.2.2 Vinyl Ester Coating
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Food Grade Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Food Grade Coating Market Size Forecast by Applications
6.2.1 Interior Storage Silos
6.2.2 Wine Tanks
6.2.3 Grain Elevators
6.2.4 Hopper Cars
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Grade Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Food Grade Coating Analysis and Forecast
9.1 Introduction
9.2 North America Food Grade Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Food Grade Coating Market Size Forecast by Type
9.6.1 Epoxy Coating
9.6.2 Vinyl Ester Coating
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Food Grade Coating Market Size Forecast by Applications
9.10.1 Interior Storage Silos
9.10.2 Wine Tanks
9.10.3 Grain Elevators
9.10.4 Hopper Cars
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Food Grade Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Food Grade Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Food Grade Coating Market Size Forecast by Type
10.6.1 Epoxy Coating
10.6.2 Vinyl Ester Coating
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Food Grade Coating Market Size Forecast by Applications
10.10.1 Interior Storage Silos
10.10.2 Wine Tanks
10.10.3 Grain Elevators
10.10.4 Hopper Cars
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Food Grade Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Food Grade Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Food Grade Coating Market Size Forecast by Type
11.6.1 Epoxy Coating
11.6.2 Vinyl Ester Coating
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Food Grade Coating Market Size Forecast by Applications
11.10.1 Interior Storage Silos
11.10.2 Wine Tanks
11.10.3 Grain Elevators
11.10.4 Hopper Cars
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Food Grade Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Food Grade Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Food Grade Coating Market Size Forecast by Type
12.6.1 Epoxy Coating
12.6.2 Vinyl Ester Coating
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Food Grade Coating Market Size Forecast by Applications
12.10.1 Interior Storage Silos
12.10.2 Wine Tanks
12.10.3 Grain Elevators
12.10.4 Hopper Cars
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Food Grade Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Food Grade Coating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Food Grade Coating Market Size Forecast by Type
13.6.1 Epoxy Coating
13.6.2 Vinyl Ester Coating
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Food Grade Coating Market Size Forecast by Applications
13.10.1 Interior Storage Silos
13.10.2 Wine Tanks
13.10.3 Grain Elevators
13.10.4 Hopper Cars
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Grade Coating Market: Competitive Dashboard
14.2 Global Food Grade Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 Sherwin-Williams
14.3.3 PPG
14.3.4 Henkel
14.3.5 Jotun
14.3.6 Tnemec
14.3.7 Praxair Surface Technologies
14.3.8 Carboline
14.3.9 Endura Coatings
14.3.10 Fakolith Group
14.3.11 AkzoNobel