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

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

Published Date: Apr 2022
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Report ID: 60533
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Report Format: PDF
Chemicals
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Pages: 138
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Rating: 4.6 (55)

Global Aqueous Barrier Coatings Market: A Study of Changing Market Dynamics, Growth, Future Prospects, and Russia – Ukraine War impact Analysis, 2016 – 2028

Barrier coatings are intended to arrest the flow of water, oxygen, oil, grease, moisture etc. Increasing pressure from the end-users for more sustainable packaging is leading the development and demand for the Aqueous Barrier Coatings for packaging. Aqueous Barrier Coatings facilitate more convenient, sustainable and novel packaging which can extend shelf life of the food and beverages.     

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

aqueous-barrier-coatings-market

Interesting Facts about Aqueous Barrier Coatings Industry

  • Aqueous Barrier Coatings are environmentally sustainable
  • Europe is leading the demand for Aqueous Barrier Coatings
  • Aqueous Barrier Coatings is 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 Product

Global paper and paperboards packaging market is growing at a rapid pace. The global paper & paperboard packaging market has reached the valuation of over USD 200 billion in 2021. However, demand for Aqueous Barrier Coatings is driven by increasing environmental issues owing landfills and degradation of packaging materials. Post COVID 19, market dynamics as well as consumer preferences have been changes. Increasing home delivery of food & beverage and consumer goods is increased demand for paper cups and containers. This in turn 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 paperboards 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. Traditional coating materials also deliver excellent barrier performance.

Focus on Research & Development

Key players are focusing on the development of innovative materials for sustainable packaging solutions. Kemira and Danimer Scientific entered into a partnership agreement for the development of sustainable coating materials for paper and paperboards. Through this partnership, both the 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 global Aqueous Barrier Coatings market. While, Actega has developed Aqueous Barrier Coatings that can be used externally as well as internally. The company has developed very advanced Aqueous Barrier Coatings solutions that extend great barrier properties and can be applied on different substrates.  

Europe to Dominate the Demand

Global Aqueous Barrier Coatings market is dominated by the Europe with over 30% share in total volume consumption as well as revenue generated in 2021. Stringent environment regulations, increasing concern regarding landfill management, recycling issues associated with paper products coated with traditional materials, growing awareness among end-users are some of the most important reasons behind strong demand for Aqueous Barrier Coatings in the region. UK, France and Germany are at the forefront in adopting Aqueous Barrier Coatings in Europe followed by Italy, Spain, Sweden, Switzerland, Netherland, Norway, etc. While, North America Aqueous Barrier Coatings market is dominated by U.S. and Canada. Japan, South Korea and Australia along with China held the largest share of 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
Report coverage Market Size Valuation, Share Analysis and Growth Rate by Segments such as Type and Application, Company Share, Competitive Landscape and Trends Analysis
Segments covered

Application

Paper

Cardboard

Regional scope North America (U.S., Canada and Mexico), Europe (Russia, Spain, Italy, Germany, France, UK, Poland, Belgium, Netherland, Sweden, Ukraine, Denmark, Austria, etc.), Asia Pacific (India, South Korea, China, Japan, Taiwan, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Australia, etc.), Latin America (Peru, Chile, Colombia, Brazil, Argentina, etc.), Middle East (KSA, UAE, Israel, etc.) & Africa (Egypt, Nigeria, South Africa, East African Community, etc.)
Major Players Analysed Kuraray Co., Ltd., Dow, Actega, TAPPI, SOLENIS, Stora Enso, BASF SE, Kemira, Empowera, SAES Getters S.p.A and Clariant
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