The global demand for Plastic Coatings Market is presumed to reach the market size of nearly USD 12.78 MN by 2028 from USD 8.44 MN in 2021 with a CAGR of 6.1% under the study period 2022 - 2028.
A plastic coating is a layer of liquid polymers or plastic applied to the surface of a workpiece that gives metals a thick, wear-resistant finish that seals out water and air, preventing corrosion. Thermal resistance, abrasion resistance, chemical resistance, UV resistance, lubrication, mechanical property enhancement, surface polish, and aesthetics are other functional uses of plastic coatings. This improves the metal's durability and extends its useful life. Plastic coating also provides the end-user with convenience and protection by offering gripping and insulating surfaces. Plastic coatings are utilized in battery trays, radiator grilles, seat springs, brackets, filler pipes, door handles, and seat belt loops, among other places in the automotive industry. Plastic coatings offer a variety of benefits, including corrosion, impact, heat, and wear resistance. It is also cost-effective and straightforward to use. Pliers are an example of a plastic-coated hand tool. Heat and electrical insulators are also known to exist in plastic coatings. The most typical methods for applying the plastic coating include hot-dip coating in a fluidized polymer powder bed, hot-dip coating a product in vinyl Plastisol, and spraying polymer powder onto a heated object. The most common polymers used as plastic coating materials include Plastisol, latex, neoprene, polyurethane, and epoxy.
Market Dynamics
Rising concerns about carbon emissions and the cost-effective and easy-to-use nature of plastic coatings in the forecasted period are expected to raise the market. Due to increasing demand in the chemical industry, the plastic coatings market has seen tremendous expansion. Furthermore, broad product needs from the automotive sector, as well as user-friendly and features, are projected to support the plastic coating market trends in the following years. Furthermore, the increased demand from the construction sector creates a considerable growth opportunity for the plastic coatings industry's leading participants. One element driving the growth of the plastic coatings market is the increase in demand from various end-use industries in developing nations. In addition, the market is growing due to a rise in demand for lightweight automobiles. Moreover, during the forecast period, the rising innovation trend in coating technologies is expected to generate profitable prospects for the plastic coatings market. However, raw material price volatility and strict environmental regulations in developed nations stifle industry expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of plastic coatings. The growth and trends of plastic coatings industry provide a holistic approach to this study.
Market Segmentation
This section of the plastic coatings market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Polyurethane
- Acrylic
- Epoxy
By Process
- Dip Coating
- Spray Coating
- Powder Coating
- Electrophoretic Painting
By End-Use Industry
- Automotive
- Aerospace & Defense
- Building & Construction
- Medical
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Plastic Coatings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Plastic Coatings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the plastic coatings market include PPG Industries, Bayer SE, Eastman, Sherwin-Williams, Azko Nobel, Kansai Painting Co, Ltd, Axalta Coating Systems, RPM International Inc. Asian Paints, and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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