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Aqueous Barrier Coatings Market by Type (Paper, Paperboard) – Ukraine War, Future Prospects And Competitive Analysis, 2016 - 2028

The global Aqueous Barrier Coatings market generated over USD 935.12 million in 2021. It is expected to exhibit a CAGR of over 6.50% during the forecast period to reach around USD 1,500.89 million by the end of 2028. In contrast, the cumulative growth opportunity offered by the global Aqueous Barrier Coatings market stood above USD 8.78 billion for the analysis period ranging from 2022 to 2028.


Interesting Facts about the Aqueous Barrier Coatings Industry

  • Aqueous Barrier Coatings are environmentally sustainable
  • Europe is leading the demand for Aqueous Barrier Coatings
  • Aqueous Barrier Coatings are an excellent alternative to fossil-fuel-based materials
  • Aqueous Barrier Coatings make coating cost efficient
  • Aqueous Barrier Coatings facilitate sustainable recycling of end products

Growing Demand for Sustainable Paper and Paperboard Products

The global paper and paperboard packaging market is growing at a rapid pace. The international paper & paperboard packaging market reached over USD 200 billion in 2021. However, demand for Aqueous Barrier Coatings is driven by increasing environmental issues due to landfills and packaging materials degradation. Post-COVID 19, market dynamics as well as consumer preferences have changed. Improving home delivery of food & beverage and consumer goods is increased demand for paper cups and containers. This, in turn, is expected to drive the demand for Aqueous Barrier Coatings.

Environmental Concerns to Trigger the Demand for Aqueous Barrier Coatings  

Aqueous Barrier Coatings are increasingly being adopted by the paper and paperboard packaging manufacturers owing to rising pressure from the end-users, stringent government regulations, and increasing concerns associated with waste management which is non-degradable. Hence, biodegradable Aqueous Barrier Coatings are increasingly being used in paper coating.

Low-Cost Alternative to Hinder the Growth of Aqueous Barrier Coatings 

Demand for Aqueous Barrier Coatings is expected to be hindered by the low-cost traditional coating solutions made up of fossil fuel-derived materials. However, conventional coating materials also deliver excellent barrier performance.

Focus on Research & Development

Key players are focusing on developing innovative materials for sustainable packaging solutions. Kemira and Danimer Scientific entered a partnership agreement to establish sustainable coating materials for paper and paperboards. Through this partnership, both companies are intended to develop and manufacture Aqueous Barrier Coatings for limited commercial applications. Kuraray Co., Ltd., Dow, Actega, TAPPI, SOLENIS, Stora Enso, BASF SE, Kemira, Empowera, SAES Getters S.p.A and Clariant are leading players in the global Aqueous Barrier Coatings market. In comparison, Actega has developed Aqueous Barrier Coatings that can be used externally and internally. The company has grown very advanced Aqueous Barrier Coatings solutions that extend excellent barrier properties and can be applied on different substrates. 

Europe to Dominate the Demand

The global Aqueous Barrier Coatings market is dominated by Europe, with over 30% share in total volume consumption and revenue generated in 2021. Stringent environment regulations, increasing concern regarding landfill management, recycling issues associated with paper products coated with traditional materials, and growing awareness among end-users are some of the most fundamental reasons behind solid demand for Aqueous Barrier Coatings in the region. UK, France, and Germany are at the forefront of adopting Aqueous Barrier Coatings in Europe, followed by Italy, Spain, Sweden, Switzerland, the Netherland, Norway, etc. At the same time, the North American Aqueous Barrier Coatings market is dominated by U.S. and Canada. Japan, South Korea, Australia, and China held the largest share of the global Aqueous Barrier Coatings market in 2021.

Frequently asked questions about global Aqueous Barrier Coatings industry

Like other industries, Aqueous Barrier Coatings market also suffered from COVID 19 pandemic which resulted into decline of over 10.39% in revenue generated in 2020

Europe is the largest regional market with highest share in the total volume of Aqueous Barrier Coatings consumed in 2021

Increasing environmental concerns regarding traditional barrier coatings resulted into growing demand for Aqueous Barrier Coatings

Paper segment dominated the Aqueous Barrier Coatings market in 2021 with over 75% share

High cost and slower adoption rate in emerging industry is major factor hindering the growth of this industry

Aqueous Barrier Coatings Report Scope

Report Attribute Details
Market Value in 2021 USD 935.12 million
Market Value in 2028 USD 1,500.89 million
CAGR 6.50% between 2022 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Apr 2022
Category:  Chemicals
Report ID:   60533
Report Format:   PDF
Pages:   138
Rating:    4.6 (55)
Delivery Time: 24 Hours to 48 Hours   
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