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SK Chemicals eyes European can-coating market
KR🏛️ PoliticsCenter4 hr. ago

SK Chemicals eyes European can-coating market

SK Chemicals is preparing to enter the European can-coating market as the EU implements stricter regulations banning bisphenol A (BPA). These regulations, effective since July 2024, are driving the shift from BPA-based epoxy coatings to alternatives like polyester-based coatings, which offer better adhesion and durability. German company Evonik has decided to phase out its polyester business by 2027 due to competitive pressures and declining profitability, creating potential gaps in the market. SK Chemicals, with over 40 years of experience in polyester resins through its SKYBON brand, is positioning itself to capitalize on this shift. Its products are already used in food and beverage cans, giving it a competitive edge as European buyers seek reliable, compliant suppliers. Industry analysts predict the BPA-free can-coating market will grow faster than the overall sector due to regulatory changes and sustainability trends.

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The Korea Herald logoThe Korea HeraldIndependentCenter4 hr. ago
SK Chemicals eyes European can-coating market

SK Chemicals is preparing to enter the European can-coating market as the EU implements stricter regulations banning bisphenol A (BPA). These regulations, effective since July 2024, are driving the shift from BPA-based epoxy coatings to alternatives like polyester-based coatings, which offer better adhesion and durability. German company Evonik has decided to phase out its polyester business by 2027 due to competitive pressures and declining profitability, creating potential gaps in the market. SK Chemicals, with over 40 years of experience in polyester resins through its SKYBON brand, is positioning itself to capitalize on this shift. Its products are already used in food and beverage cans, giving it a competitive edge as European buyers seek reliable, compliant suppliers. Industry analysts predict the BPA-free can-coating market will grow faster than the overall sector due to regulatory changes and sustainability trends.

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