The plastic coatings market is projected to reach USD 7.76 billion by 2021, at a CAGR of 5.5% from 2016 to 2021. The increasing consumption of plastic coatings in the building & construction and automotive industries, as well as the recent technological advancements in coating-producing plants are some of the key factors driving the growth of the plastic coatings market.
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The use of polyurethane coatings is gaining popularity, owing to its high performance. They are mainly used in the development of automobiles, ships, aircraft, and other industrial components.
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The plastic coatings market in Asia-Pacific is projected to register the highest CAGR between 2016 and 2021. The growth of Asia-Pacific plastic coatings market is driven by the increasing demand of plastic coatings from China and other countries in the region.
China is the major consumer of plastic coatings in Asia-Pacific with high demand in building & construction and automotive industries, followed by Japan and India. The plastic coatings market in India is estimated to grow at the highest CAGR between 2016 and 2021.
Breakdown of Profile of Primary Participants:
- By Company Type: Tier 1 - 57 %, Tier 2 - 29%, and Tier 3 - 14%
- By Designation: C Level - 55%, Director Level - 36%, and Others - 9%
- By Region: North America - 57%, Europe- 14%, Asia-Pacific- 22%, and RoW - 7%
Key Points From Table Of Content:
5 Market Overview
5.2 Market Segmentation
5.3 Market Dynamics
22.214.171.124 Increasing Demand From End-Use Industry
126.96.36.199 More Durable Coatings With Improved Performance and Better Aesthetics
188.8.131.52 Availability and Cost of Specialized Raw Materials
184.108.40.206 Environmental Regulations Regarding Voc Content
220.127.116.11 Growth Prospect in Developing Economies
18.104.22.168 Development of Bio-Based Coatings
22.214.171.124 Development of Automotive Refinish Market
126.96.36.199 Growing Price Cutting Measures
12 Company Profiles
(Overview, Financial*, Products & Services, Strategy, and Developments)
12.3 Eastman Chemical Company (Eastman)
12.4 Bayer AG
12.5 Akzonobel N.V.
12.6 Axalta Coating Systems Ltd. (Axalta)
12.7 PPG Industries, Inc.
12.8 Kansai Paint Co., Ltd.
12.9 Valspar Corporation
12.10 BASF SE
12.11 Wacker Chemie AG
12.12 Other Leading Players
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