HOME Press Releases Plastic Coatings Market worth 7.76 Billion USD by 2021



Plastic Coatings Market worth 7.76 Billion USD by 2021


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.

                       Request Sample                        Request Sample

Browse 104 market data Tables and 78 Figures spread through 177 Pages and in-depth TOC on "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"
http://www.marketsandmarkets.com/Market-Reports/plastic-coating-market-244381443.html
Early buyers will receive 10% customization on reports.

Automotive end-use industry is expected to lead the plastic coatings market by 2021

Automotive end-use industry of plastic coatings market constituted major share to the application segment of the plastic coatings market in 2015. The growing demand for plastic coatings from the automotive end-use industry is anticipated to drive the demand for plastic coatings, owing to the functionality, durability, and performance benefits.

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.

Europe to account for the largest share of the market during the forecast period

Europe accounted for the largest share of the plastic coatings market in 2015, followed by North America and Asia-Pacific. Europe is one of the major consumers of plastic coatings. Increasing investment by leading automakers in European countries, followed by the growing automotive OEM market is anticipated to enhance the European plastic coatings market.

Key players operational in the plastic coatings market include PPG Industries Inc. (U.S.), Eastman (U.S.), Bayer AG (Germany.), Axalta Coating Systems (U.S.), AkzoNobel N.V. (Netherlands), 3M (U.S.), Eastman (U.S.), Kansai Paints Co,. Ltd. (Japan), Valspar Corporation (U.S.), BASF SE (Germany), and Wacker Chemie AG (Germany).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports