Global Plastic Coating Market Overview
The global plastic coating market was valued at US$ X.X billion in 2016, and is expected to reach US$ X.X billion over the forecast period at a single-digit CAGR of X.X%.
Plastic coating excludes water and air from the metal surface by giving the metal a thick, wear resistance and glossy finish. The metal is thoroughly cleaned to remove all the dirt and foreign elements, usually done by degreasing agent or chemical cleaning. Polyurethane plastic coatings are preferred owing to factors such as abrasion resistance and moisture resistance, making plastic coating suitable for wooden, plastic, and other surfaces.
Increasing application of plastic coating in the automotive sector is a major factor driving the growth of the global plastic coating market. In addition, rapid urbanization and industrialization is further boosting demand for plastic coating, which is expected to further drive growth of the global plastic coating market. Increasing acceptance owing its features such as insulation against cold, heat, stress, and electric currents are factors further fueling growth of global plastic coating market. Moreover, plastic being weightless its use in aerospace sector is also one of the factor for its increasing adoption, which is expected to drive growth of the global market to a significant extent during the forecast period.
A major factor hampering growth of the global plastic coating market is government norms regarding emission of volatile organic compound (VOC). In addition, availability of specialized raw material and substitutes may hamper growth of the global plastic market. Moreover, technological advancements and increasing demand for bio-based or eco-friendly plastic coating are likely to create more opportunities for major players in the global plastic coatings market during the forecast period.
North America dominates the global plastic coating market due to major manufacturers in this region. The market in Europe is expected to witness significant growth owing to growing automotive sector. The market in Asia Pacific is projected to witness relatively fast growth and is expected to register a CAGR of X.X% during the forecast period.
Global Plastic Coating Market Segmentation:
Segmentation on the basis of material type:
Segmentation on the basis of process:
- Electrophoretic Painting
- Powder Coating
- Dip Coating
Segmentation based on application:
- Aerospace and defense
- Building and Construction
Segmentation based on region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Akzo Nobel N.V.
- The Dow Chemical Company
- Bayer AG
- Axalta Coating Systems
- The Sherwin-Williams Company
- PPG Industries Inc.
- BASF SE
- Kansai paints
- Valspar Corporation
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