Food Grade Epoxy Paint Market, By Function (Adhesive, Anti-Fungal, and Anti-Corrosive), By Distribut

Published Date: | Report Code : FA1947958

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Food grade epoxy paints are derived from the combination of epoxies. Food grade epoxy paints are used in food packaging, food processing, and industrial applications. Food grade epoxy paints are chemical- and water-resistant and has anti-fungal properties. These are extremely durable and possess excellent adhesion to a variety of substrates.

Food grade epoxy paints are also preferred in coastal areas and can be applied on floors to protect from chemicals and saline. The rising demand for paints and coatings for industrial applications is the leading factor driving the global food grade epoxy paints market. This market is projected to grow at a significant rate in the coming years with the development of new materials and the progression of equipment and application processes. However, the high cost of food grade epoxy paints can hinder the growth of the market.

Segment Analysis: 

Based on application, the food grade epoxy paints market has been segmented into food, water tanks, reservoirs, pipelines, packaging, processing, and painting & coating. The food grade epoxy paints market is highly concentrated with the presence of only a few leading companies.

Based on technology, the market has been segmented into water-based, powder-based, and solvent-based. The water-based food grade epoxy paints are increasingly being preferred over organic solvents. The absence of isocyanate, inflammable elements, and costly ventilation systems make water-based food grade the preferred paints. Moreover, the rapidly growing demand for water-based epoxy paints, majorly from developing countries, is expected to drive the global food grade epoxy paints market.

Key Factors Impacting Market Growth:

  • Rising demand from the paints & coatings industry
  • Increasing use of epoxy-based composites
  • Emerging demand from developing countries

Regional Analysis:

This report segments the food grade epoxy paint market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for the food grade epoxy paint market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for the food grade epoxy paint market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

Asia Pacific is estimated to be one of the fastest-growing markets for the food grade epoxy paint during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of the food-grade epoxy paint market. The Middle East and the rest of the World are estimated to be emerging regions for the food grade epoxy paint market during the forecast period.

Companies Covered: 

Atul Chemicals, Hexion, Aditya Birla Chemicals, New Japan Chemical Company, Kukdo Chemicals, Anhui Xinyuan Chemical Company, SIR Industriale, Emerald Performance Material, Nagase America Corporation, and Huntsman Corporation 

Market Segmentation:

By Function:

  • Adhesive
  • Anti-Fungal
  • Anti-Corrosive

By Distribution Channel:

  • Retail Stores
  • Online Stores
  • Specialty Stores
  • Hypermarkets/Supermarkets

By Technology:

  • Water-based
  • Powder-based
  • Solvent-based

By Application:

  • Food
  • Pipelines
  • Packaging
  • Reservoirs
  • Processing
  • Preparation
  • Water Tanks
  • Painting & Coating

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Function
    • By Distribution Channel
    • By Technology
    • By Application
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
    • By Function
    • By Distribution Channel
    • By Technology
    • By Application
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Function
    • By Distribution Channel
    • By Technology
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia Rest of Asia Pacific)
    • By Vehicle Type
    • By Component Type
    • By Fuel Type
    • By After Treatment Device
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Function
    • By Distribution Channel
    • By Technology
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Function
    • By Distribution Channel
    • By Technology
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global food grade epoxy paints market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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