(EMAILWIRE.COM, January 03, 2019 ) Food Grade Epoxy Paint Market Outlook

Food grade epoxy paints are derived from the combination of epoxies. Food grade epoxy paints are chemical and water resistant, and they have anti-fungal properties and are extremely durable and possess excellent adhesion to a variety of substrates. They find applications in food processing, food packaging, and industrial applications. Furthermore, food grade epoxy paints are recommended for use in the coastal areas and they can also be applied on floors to protect from saline and chemicals. The growing demand for paints and coatings for industrial applications is the vital factor expected to encourage the overall demand for food grade epoxy paint. The market is estimated to grow at a significant rate in the upcoming years with the development of new materials, inventions, and progression of equipment and application processes. High cost of food grade epoxy paints could confine the progress of the market, but their exceptional properties and long life would overshadow the high cost.

Growing Urbanization is expected to Drive the Growth of the Market

Food grade epoxy paints are extensively used in manufacturing of water tanks, packaging, and processing. The global food grade epoxy paint market is highly concentrated, with presence of handful leading companies. Water-based food grade epoxy paints are increasingly replacing organic solvents. The VOCs released from solvent-based paints is the primary reason for the switch of manufacturers to water-based food grade epoxy paint. The absence of isocyanate, costly ventilation systems, and inflammable elements make water-based food grade epoxy paints the first choice. The growing demand for waterborne epoxy paint, particularly from developing countries, is expected to upsurge the growth of the global food grade epoxy paint market.

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Global Food Grade Epoxy Paint Market: Key Players

Examples of some of the key players identified in the global food grade epoxy paint market include Rust-Oleum, Resoltech, Hemsan Solutions, Tuff Coat Polymers Pvt. Ltd., Epoxy International, Techcoat Contractors, Inc., McCord Contractors, Inc., Superior Epoxies and Coatings, Inc., Key Resin, Co., The Donwell Co., Inc., STP Limited, Monarch Industrial Products Pvt. Ltd., Metal Coatings Corp., Berger, Dunmore Corp., Never-Seez, United Gilsonite Lab, Homax, Akshith Techno Coatings, Wilton, and Ameetuff Technical Paint Industries, WONDER. 

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Key Developments in the Food Grade Epoxy Paint Global Market

In the past few years, the global food grade epoxy paint market has witnessed significant growth and is expected to follow the same trend over the forecast period. The global food grade epoxy paint market is driven by increasing demand from the paint and coatings, food & beverages, water tank industries. Stringent government regulations in the U.S and Europe to control air pollution is expected to result in shift towards adoption of new, low VOC paint technologies. The export of food grade epoxy paints by the manufacturers to service providers makes it a highly productive market.

Opportunities for Food Grade Epoxy Paint Market Participants

The usage of food grade epoxy paints has been consistently increasing in numerous applications, e.g., food packaging, food processing, water tanks, etc. The demand for food grade epoxy paints owing to their properties (low permeability, good resistance, easily fixed) is also rising. Asia Pacific is the expected to be the leading market for food grade epoxy paints, in terms of value and volume, followed by Europe and Rest of the World. Due to the growing demand on domestic front, easy access to resources, raise in disposable income Asia-Pacific is expected to be the dominant regional market for food grade epoxy paint over the forecast period.

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