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 is some of the key factors driving the growth of the plastic coatings market.
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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.
1 Attractive Market Opportunities in the Plastic Coatings Market
2 Plastic Coatings Market, By Type
3 Plastic Coatings Market
4 Plastic Coatings Market Growth
5 Plastic Coatings Market, By End-Use Industry
6 Plastic Coatings Market: Emerging & Developing Nations
7 Life Cycle Analysis, By Region
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.
Moreover, the unique properties of polyurethane, such as superior strength, flexibility, abrasion resistance, moisture resistance, and low temperature performance have contributed to the growth in demand of polyurethane plastic coatings.
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The plastic coatings market in India is estimated to grow at the highest CAGR between 2016 and 2021. This study has been validated through primary interviews with various industry experts globally.
The break-up profile of primary discussion participants is given here Tier 1 (57%); Tier 2 (29%) and Tier 3 (14%) companies were contacted for interviews. The interviews were conducted with various key people such as C Level (55%), Directors Level (36%) and other (9%) from various key organizations.
The primary interviews were conducted worldwide covering regions such as North America (57%), Europe (14%), Asia Pacific (22%) and Row (7%).
2 Expansions: One of the Most Adopted Growth Strategies
3 Maximum Developments in 2015
4 Competitive Situation & Trends
6 Mergers & Acquisitions
7 New Product Launches
8 Partnerships, Agreements, and Joint Ventures
The major companies profiled in this report include PPG Industries Inc. (U.S.), Bayer AG (Germany), Axalta Coating Systems (U.S.), and AkzoNobel N.V.
(Netherlands), 3M (U.S.), Eastman Chemical Company (U.S.), Axalta Coatings System LTD. (U.S.), Kansai Paint Co., LTD. (Japan), BASF SE (Germany), and Wacker Chemie AG (Germany), among others.
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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