글로벌 기능성 첨가제 및 차단 코팅 시장 – 2023-2030

Overview
Global Functional Additives And Barrier Coatings Market reached US$ 42.2 billion in 2022 and is expected to reach US$ 65.0 billion by 2030, growing with a CAGR of 5.6% during the forecast period 2023-2030.
The demand for functional additives and barrier coatings has increased in several industries, including construction, automotive and electronics, as a result of the increased industrialization and urbanization in many regions. A popular user of barrier coatings is the packaging sector and covers more than 1/3rd share of the global market. Barrier coating is in great demand due to increased product shelf life and decreased food waste. Furthermore, rising demand for sustainable and high-performance packaging materials is another factor creating growth prospects for the market.
Asia-Pacific dominates the functional additives and barrier coatings market covering nearly 54.5% share in the globe. In Asia-Pacific, functional additives and barrier coatings are used in a wide range of sectors, including construction, automotive, packaging, electronics, healthcare and more. The products were essential in improving performance, toughness and safety.
Barrier coatings and functional additives have been used more frequently in the automobile industry in the region to improve the functionality and look of vehicles. Furthermore, to achieve fuel efficiency and environmental criteria, barrier coating is especially important to use lightweight materials and coatings.
Dynamics
Advancements in Packaging
Particularly in the food and beverage sector, packaging innovations frequently concentrate on extending the shelf life of products. Customers want items that stay fresher and last longer and this need has led to the development of cutting-edge barrier coatings that guard against oxygen, moisture and other pollutants that can lead to food spoiling.
The industry is seeing a lot of interest in sustainable packaging. By keeping foodstuffs for extended periods, barrier coatings help reduce food waste and improve packaging's environmental impact. In addition to being recyclable or biodegradable, sustainable coatings can also be. Companies are also investing in boosting the barrier coating application in packaging technology leading to driving the market growth.
For instance, in 2021, An anti-water coating is being introduced by Hubergroup Print Solutions. Surface printing in the packaging business, both for food and non-food products, is a specialized application for it. It is no longer necessary to laminate PE film as a water barrier by employing a new formulation of the binding agents for the water-based coating. Barrier-coated paper packaging can be recycled using the standard paper recycling system.
Renewable Energy Boom
There is an increasing need for functional coatings and additives to serve the renewable energy sector as the globe moves towards cleaner and more sustainable energy sources. A prominent customer of functional coatings is the solar energy industry. Solar panels can be made more efficient and durable by applying coatings. Anti-reflective coatings increase the absorption of sunlight, while protective coatings shield solar panels from damage and the elements, extending their lifespan.
Another significant element of the renewable energy market is wind energy. Due to the extreme environmental conditions that wind turbine blades must withstand, coatings are employed to keep them from corroding, eroding and being damaged. The coatings assist in extending the useful life of wind turbines while lowering maintenance expenses. Companies have been using functional additives to support the renewable energy industry growth.
For instance, on 24 April 2023, Covestro's solar coatings facility in the Netherlands is marking ten years of operation. The largest independent manufacturer of solar glass coatings in Europe is located in the Netherlands. The journey began ten years ago with a start-up company that created an innovative coating. The several anti-reflective coating options available today enable solar installations all globally to daily capture up to 4% more solar energy.
Environmental and Regulatory Challenges
The functional additives and barrier coatings business has considerable environmental and regulatory issues as a result of rising environmental awareness, growing health and safety concerns and the requirement to adhere to numerous standards. The standards have been followed in various countries leading to hampering the growth of small players in regions and thus hurdling the market growth of the product.
The potential health concerns that are linked to air pollution and volatile organic compounds (VOCs) are a cause for worry. Regulations that restrict coatings' VOC concentration may necessitate product reformulation to cut emissions.
FDA regulation plays a major role in the barrier coating industry. The sections of Title 21 of the Code of Federal Regulations (CFR) contain the most pertinent FDA regulations concerning barrier coatings used on paper. Section 175, Adhesives and Coatings Components as Indirect Food Additives. Components of paper and paperboard are covered in Section 176, Indirect Food Additives. Furthermore, individual states may also establish rules for food packaging in addition to FDA rules.
Segment Analysis
The global functional additives and barrier coatings market is segmented based on type, end-user and region.
Rising Barrier Coatings Use in Various Industries
Barrier coating is a growing market based on types which has covered more than 57.8% in 2021. Different types of barrier coating are available in the market and organic coatings contribute to nearly 34.3% of the overall barrier coating market. The growth of the segment is predominantly due to its vast application range. When metals and ceramics can't resist extremely abrasive operating conditions, barrier coatings are often used.
Many industrial processes take place at extremely high temperatures while being surrounded by corrosive, harsh gases. Metals are frequently prone to corroding, which can result in catastrophic failure while operating. Metal and ceramic components are coated with a different material that can survive these harsh environments to prevent this as well as to increase their life and operational efficiencies.
Various products are available in the market for corrosion protection. For instance, NEI Corporation is offering NANOMYTE TC5001, a nanotechnology-enabled, single-component, clear coating that greatly increases the corrosion resistance of zinc-plated and hot-dip galvanized (HDG) steel. It can be coated with a spray, brushed or dipped. The new coating method is intended to prevent galvanized and zinc-plated steel surfaces from rusting even in harsh operating and environmental circumstances.
Geographical Penetration
Expanding Automotive Industry and Rising Packaging Sector in Asia-Pacific
Asia-Pacific has been a dominant force in the global functional additives and barrier coatings market and is expected to cover nearly 60.1% in the forecast period. For many packaging companies, the important growth market is still emerging in Asia-Pacific. Baby food cans and canned drinks have seen a recent increase in demand for the metal packaging sector. For instance, the beer market in Asia-Pacific is anticipated to increase by 7%.
Barrier coatings and functional additives have been used more frequently in the automobile industry in Asia-Pacific to improve the functionality and look of vehicles. To achieve fuel efficiency and environmental criteria, it was especially important to use lightweight materials and coatings.
COVID-19 Impact Analysis
The global market for functional additives and barrier coatings was significantly impacted by the COVID-19 pandemic. Initial lockdowns and restrictions in several nations disrupted supply chains and manufacturing, which created delays in the manufacture and delivery of chemical supplies like functional additives and barrier coatings. There were shortages of supplies and longer lead times as a result of several production facilities having to temporarily close down or operate at reduced capacity.
The supply chain was strained by the increase in demand and some suppliers had trouble fulfilling the additional orders, which might have resulted in unexpected price increases and delayed deliveries. The pandemic also affected the direction that research and laboratory activity took.
Russia-Ukraine War Impact Analysis
The conflict between Russia and Ukraine might have several effects on the world market for functional additives and barrier coatings. In the chemical and industrial industries, Russia and Ukraine are important actors. Supply chains and the manufacture of the raw materials required to make functional additives and barrier coatings might be affected by the war. The general availability and cost of functional additives and barrier coatings on the globally market may be impacted by this disruption due to shortages, increased production costs and price volatility.
Trade and collaboration on a global scale may be hampered by geopolitical tensions and economic sanctions against Russia. Manufacturers in these nations could have trouble exporting their goods and multinational corporations might think twice about their relationships with Russian and Ukrainian suppliers. It may cause a reorganization of supply chains and affect where functional additives and barrier coatings and other lab supplies are sourced.
By Type
● Functional Additives
o Anti-Microbial Agents
o Anti-Block Agents
o Anti-Fogging Agents
o Slip Agents
o UV Stabilizers
o Optical Brighteners
o Others
● Barrier Coatings
o Aluminum Oxide
o Silicon Oxide
o Organic Coatings
o Inorganic Coatings
o Hybrid Coatings
o Others
By End-User
● Packaging Industry
● Automotive and Transportation
● Building and Construction
● Healthcare
● Electrical and Electronic
● Cosmetics and Personal Care
● Others
By Region
● North America
o U.S.
o Canada
o Mexico
● Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
● South America
o Brazil
o Argentina
o Rest of South America
● Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
● Middle East and Africa
Key Developments
● On 12 July 2023, The newest innovation from Melodea, Ltd., a top manufacturer of environmentally friendly barrier coatings for packaging, is called MelOx NGen. A high-performance barrier solution called MelOx NGen was created expressly to enable the recycling of plastic food packaging and other materials.
● On October 03, 2023, Solvay introduced Diofan Ultra736, a new polyvinylidene chloride (PVDC) coating solution with the properties of an ultra-high water vapor barrier that allows carbon footprint reduction for pharmaceutical blister films. Diofan Ultra736 is an aqueous dispersion that complies with legal standards for direct pharmaceutical contact and aids in the development of durable films with thinner coating patterns
● On February 24, 2023, Siegwerk, announced the successful certification of water-based coating UniNATURE Water-Oil Barrier Coating product for single-use paper plates. It has been demonstrated that the novel functional barrier solution, which is manufactured entirely of natural ingredients and is intended for direct food contact, efficiently reduces the absorption of water, oil and grease while maintaining the plate stock's ability to be recycled through the paper recovery cycle.
Competitive Landscape
The major global players in the market include Dupont, BASF SE, Clariant Chemicals Ltd, Solvay SA, Avient Corporation, Altana AG, Evonik Industries AG, Akzo Nobel N.V, DOW and PPG Industries.
Why Purchase the Report?
● To visualize the global functional additives and barrier coatings market segmentation based on type, end-user and region, as well as understand key commercial assets and players.
● Identify commercial opportunities by analyzing trends and co-development.
● Excel data sheet with numerous data points of functional additives and barrier coatings market-level with all segments.
● PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
● Product mapping available as Excel consisting of key products of all the major players.
The global functional additives and barrier coatings market report would provide approximately 53 tables, 50 figures and 186 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies