Global Plastic Coatings Market
The global Plastic Coatings market was valued at USD 5.69 billion in 2016 and is projected to reach USD 9.94 billion by 2025, growing at a CAGR of 5.30% from 2017 to 2025.
Plastic is highly consumed material globally and the demand for products with added functional properties is increasing rapidly. The growing application in automotive and building and construction is driving market demand. The demand for acrylic coatings is expected to remain high over the forecast period.
1. Market Drivers
1.1 Increasing demand from automotive in developing countries
1.2 Development of more durable coatings with better performance
2. Market Restraints
2.1 Regulations regarding VOC content
2.2 Availability of raw materials
The global Plastic Coatingsmarket is segmented on the material, process, application, and region.
1. By Material:
2. By Process Type:
2.1 Powder Coating
2.2 Dip Coating
2.3 Spray Coating
2.4 Electrophoretic Painting
3. By Application:
3.1 Building and Construction
3.2 Automotive and Transportation
3.3 Aerospace and Defense
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. Wacker Chemie AG
3. Eastman Chemical Company
4. BASF SE
5. Bayer AG
6. Valspar Corporation
7. Akzonobel NV
8. Kansai Paint Co. Ltd.
9. PPG Industries
10. Axalta Coating Systems
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the PlasticCoatings Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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