Plastic Coatings Market – More Durable Coatings With Improved Performance and Better Aesthetics

The report Plastic Coatings Market by Type (Polyurethane, Acrylic, Epoxy), Process (Electrophoretic Painting, Powder Coating, Dip Coating), End-Use Industry (Automotive, Aerospace & Defense, Building & Construction), and Region – Global Forecast to 2021″, The plastic coatings market is projected to reach USD 7.76 Billion by 2021, at a CAGR of 5.5% during the forecast period, 2016 to 2021. This growth is driven by the increasing demand from automotive end-use industry and increasing trend towards green, environment-friendly coating materials.

Browse 104 market data Tables and 78 Figures spread through 177 Pages and in-depth TOC on “Plastic Coatings Market – Global Forecast to 2021”

The years considered for the study are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

For company profiles in the report, 2015 has been considered as the base year. Where information was unavailable for the base year, the prior year has been considered.

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Polyurethane plastic coatings to account for the largest share of the plastic coatings market by 2021
Polyurethane contributed around one third of the global plastic coatings market share in 2015. It is expected to grow at a significant CAGR during the forecast period. Polyurethane plastic coatings have high performance benefits, such as strength, flexibility, abrasion resistance, and moisture resistance. This makes them suitable for wooden, plastic, and other surfaces.

Dip coating process to lead the plastic coatings market during the forecast period
Dip coating process accounted for the largest share of the plastic coatings market in 2015. It is one of the most widely used processes in the plastic coatings market, due to its ease of use to coat complex shapes. Additionally, this process does not require expensive equipment. Dip coating process is mainly used for coating medical instruments, electrical equipment, as well as automobiles.

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Estimating the future demand of plastic coatings is a prime challenge, owing to the economic slowdown in various parts of the globe in the past decade. Many economies in the North America and European region have not recovered completely, which has affected the demand for plastic coatings from major end-use industries in both regions.

PPG Industries Inc. (U.S.), Bayer AG (Germany.), Axalta Coating Systems (U.S.), and Akzonobel N.V. (Netherlands). 3M (U.S.), Eastman Chemical Company (U.S.), Axalta Coatings System LTD. (U.S.), Kansai Paint Co., LTD. (Japan), BASF SE (Germany), Wacker Chemie AG (Germany) are some of the major players operational in the plastic coatings market. These players have a wide market reach with established distribution network and are investing more on research and development activities. They have strong technical and market development capabilities that enable them to upgrade their existing products for new market applications.

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After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below shows the breakdown of the primaries based on company, designation, and region conducted during the research study.

Plastic Coating Market, Plastic Coating, Plastic Coatings Market, Plastic Coatings
Breakdown of Plastic Coating Market

 

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