17-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Plastic Coating Market By Type (Acrylic, Polyurethane, Epoxy, and Other Types), By Process(Powder Coating, DIP Coating, Electrophoretic Painting, Spray Coating, and Other Process)and by End-User( for Aerospace and Defense, Automotive, Medical, Building and Construction, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Plastic Coating market in 2019 was approximately USD 7 Billion. The market is expected to grow at a CAGR of 5.5% and is anticipated to reach around USD 10 Billion by 2026.
A plastic coating offers dense, wear-resistant coatings to the metals which can remove air and water from the metal surface to avoid rusting. Due to the rising concern of carbon emissions from traditional coatings, the use of plastic coatings has increased tremendously in the automotive industry.A plastic coating is done using major techniques, like powder coating, electrophoretic painting,dip coating, spray coating, etc.
Browse the full “Plastic Coating Market By Type (Acrylic, Polyurethane, Epoxy, and Other Types), By Process(Powder Coating, DIP Coating, Electrophoretic Painting, Spray Coating, and Other Process)and by End-User( for Aerospace and Defense, Automotive, Medical, Building and Construction, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026"https://www.fnfresearch.com/plastic-coating-market-by-type-acrylic-polyurethane-epoxy-771
In the automotive market, plastic coatings are commonly used to coat the braces, seat springs radiator grilles, door handles, battery trays, filler tubing, and loops of a seat belt. The plastic coating is user-friendly and cost-effective. Hence increasing demand in the automotive industry for plastic coating is estimated to drive the plastic coating.
The rapid development of industrialization and urbanization in the emerging economies is projected to spur this market's growth. However, the rise in the plastic coating market may be hindered by a major impact on the environment due to VOC pollution. Nonetheless, constant innovation for the introduction of bio-based coating is estimated to propel plastic coating growth over the forecast period.
The major types of plastic coating are acrylic, epoxy, polyurethane, and Others. Polyurethane provides high durability in the enhanced resistance to moisture. Due to various end-user applications of polyurethane, it is estimated to become the leading category. The method for plastic coating involves powder coating, electrophoretic painting, dip coating, and spray coating. A Dip coating is the most effective segment due to its ease of use and requires less machinery compared to other coating methods. The automotive segment has dominated the plastic coating with a prominent market share. In the automotive industry, the plastic coating is extensively used to achieve high strength and better adhesion which contributes significantly to the growth of the plastic coating market.
Europe dominated the plastic coating market and was considered to be the top producing area for revenue. This was primarily due to high plastic coating use in various industrial applications such as building & manufacturing, automotive, and aerospace. With the growing automotive industry, emerging economies such as India, China, and Japan are projected to be the most influential markets in the near future. North America was seen as a competitive market for the plastic coating industry. This was largely due to major use in the U.S. and Germany of plastic coating industries. Due to increasing industrialization in Brazil, Latin America is expected to have augmented growth over a period of years. In the forecast period, the Middle East and Africa are likely to fuel development in the plastic coating industry.
The prominent market players of plastic coatings are Akzonobel N.V., Nippon Paint Co. Ltd., BASF SE, AkzoNobel NV, PPG Industries, Inc., Axalta Coating Systems Ltd., 3M, Valspar Corporation, Kansai Paint Co., Ltd, Eastman Chemical Company, Bayer AG, Diamond Vogel Paints, and WackerChemie AG.
This report segments the Plastic Coating market as follows:
Global Plastic Coating Market: By Type Segmentation Analysis
Global Plastic Coating Market: By End User Segmentation Analysis
- Powder coating
- Dip coating
- Electrophoretic painting
- Spray coating
Global Plastic Coating Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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