Dispersion coating on the paper enhances its integrity and appearance. It prevents moisture and gases from hampering the quality of the product. In addition, it provides a smooth surface for better printability. Dispersion coatings is a type of water-based barrier coating and tend to improve the performance of paper and packaging.
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Thus, this is likely to hike the demand for the dispersion coating market. Dispersion coated papers can be easily recycled through pulping, composting and thermal treatment. On the other hand, plastic-based coatings and lamination do not meet the sustainability requirements and are costly to recycle since it includes the process of delamination. Thus this concern might raise the demand for dispersion coating and would impact its market positively.
Dispersion Coatings Market: Dynamics
Demand for sustainable packaging is continuously growing as there are various regulatory enforcements on the usage of non-environment friendly materials and thus it is forcing the brand owners to consider sustainable new alternatives. The costs associated with dispersion coatings is comparatively lesser than that of the extrusion coatings while maintaining the packaging strength and reliability. This is likely to augment the demand for dispersion coating and provide opportunities to the dispersion coating market.
Paper manufacturers can utilize their existing machinery and process which is used for paper coating for printing and writing purposes. Additionally, when compared to extrusion coating, dispersion coating involves fewer process steps and can be produced at a higher speed. This would enable manufacturers to have business advantages. This would enable a higher adoption rate for dispersion coating, thereby boosting the dispersion coating market.
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Food and beverage industry will dominate the demand for paper and paperboard packaging along with prevention and functional qualities. Dispersion coating tends to provide the solution for such packaging needs. Thus, the food and beverage industry is likely to comprehend the growth of dispersion coatings market. E-commerce is likely to elevate the demand for paper and packaging formats which prevents oil, grease, moisture and water resistance and prevents damages while shipment of goods. Dispersion coating being a sustainable alternative is sought to replace non-sustainable materials and this would augment the growth of the dispersion coating market in the years to come.
Dispersion Coatings Market: Regional Outlook
Owing to the increasing demand for packaging in various end use industries is likely to increase the demand for dispersion coating over the forecast period. Food and beverage and print and media industry are likely to boost the demand for dispersion coatings. Government regulations on non-sustainable packaging will be the key driver in augmenting the demand for dispersion coatings market.
Asia Pacific region has been witnessing a significant growth rate in consumption since it has developing countries such as China and India. The consumption is expected to rise due to demand for safety, quality, convenient and sustainable products which will continue to boost the dispersion coating market.
Dispersion Coatings Market: Key Players
The key players in the dispersion coatings market are:
- Stora Enso Oyj
- BASF SE
- Solenis
- Arkema
- Solvay SA
- Mondi PLC
- Teknos Group OY
- Actega GmbH
- Schmid Rhymer AG
- Michelman Inc
- Oerlikon Group
- Convestro AG
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
The global dispersion coating market is segmented by substrate, coating process, end-use industry and dispersion formulation.
By Substrate, the dispersion coatings market is segmented by
- Board
- Paper
- Corrugated Board
By Coating process, the dispersion coatings market is segmented by
- Application
- Absorption
- Drying
By end-use industry, the dispersion coatings market is segmented by
- Food & Beverage
- Consumer Goods
- Healthcare
- Homecare
- Personal Care
- Print & Media
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