To know the impact of COVID-19 On Plastic Coatings Market Size, Share & Trends Analysis Report 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) Based on Region, And Segment Forecasts, 2021 - 2027 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Global Plastic Coatings Market is valued at USD 5.85 Billion in 2020 and is expected to reach USD 10.00 Billion by 2027 with a CAGR of 5.5% over the forecast period.
Global Plastic Coatings Market: Global Size, Trends, Competitive, Historical & Forecast Analysis to 2021-2027, Increasing application of the plastic coating in the construction industry, rising concern regarding carbon emissions and the cost-effective & easy use of plastic coatings are major factors anticipated the growth of the global plastic coating market.
Scope of Plastic Coating Market:
The Plastic Coating is applied on the exterior or object by immersing or dipping in liquid polymer and these coatings are also known as electrical and heat insulators. These are frequently used in many hand tools serving as additional protection when handling hot objects like tongs and spatulas. Plastic coatings also function as insulators in electronic and electrical components such as wires, digital meter probes, cables, and others. It gives a thick plastic finish for protective and decorative purposes which provides the material additional resistance against scratches, wear, corrosion, and external elements. Plastisol, latex, neoprene, polyurethane are the common polymers used as coating materials. for creating metal pieces more durable and acquiring extended service life plastic coatings are used.
It also provides protection and eases to the user by offering surfaces for gripping and insulation. The plastic coating is generally used in hand tools, handles, and others for better grip and comfort. Plastic coatings have various advantages in shopping carts, baskets, forceps, covers, caps, plugs, etc. owing to their rigidity.
The Covid-19 pandemic has shown a negative impact on the Global Plastic Coatings Market. COVID-19 pandemic has had a substantial impact on the global plastic coatings market’s growth, due to lack of required manual labor and strict travel regulations worldwide, unavailability raw materials due to closed supply chains. As well as, business closures and social distancing laws impacted manufacturing employment, which negatively impacted the global plastic coatings market.
Plastic Coatings Manufacturers:
Some of the key players for Global Plastic Coatings Market are PPG Industries, Bayer SE, Eastman, Sherwin-Williams, Azko Nobel, Kansai Painting Co, Ltd, Axalta Coating Systems, RPM International Inc. Asian Paints, and others.
Global Plastic Coatings Market Segmentation:
The global plastic coatings market is classified into type, process, end-use industry, and region. On the basis of type, the market is fragmented into polyurethane, epoxy, acrylic, and others. On the basis of process, the market is segmented into spray coating, dip coating, electrophoretic painting, powder coating, and others. On the basis of the end-use industry, the market is divided into automotive, aerospace & defense, building & construction, medical, and others.
Global Plastic Coatings Market: By Type
Global Plastic Coatings Market: By Process
- Dip Coating
- Spray Coating
- Powder Coating
- Electrophoretic Painting
Global Plastic Coatings Market: By End-Use Industry
- Aerospace & Defense
- Building & Construction
The regions covered in the Global Plastic Coatings Market report are North America, Europe, Asia-Pacific, Latin America, and the Rest of the World. On the basis of country level, the market of global plastic coatings market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
Increasing application of the plastic coating in the construction industry, rising concern regarding carbon emissions, and the cost-effective & easy use nature of plastic coatings are major factors anticipated the growth of the global plastic coating market.
The major factor driving the growth of the plastic coating industry includes increasing demand for plastic coatings along with wide application in various industries. For instance, a coating made from PVC that is polyvinyl chloride is a plastisol that is used as a coating on roofs in the construction industry. In addition to that, the increasing carbon emissions concern, as well as the cost-effective & easy use nature of plastic coatings, are augmenting the plastic coating market. Furthermore, plastic coatings are extensively utilized in the automotive industry for coating seat springs radiator grilles, battery trays, door handles, brackets, filler pipes, and seat belt loops as they are easy to use and cost-efficient. Moreover, rapid urbanization & industrialization in emerging economies and high product demand for plastic coatings are expected to fuel the growth of global plastic coating market.
However, the effect on the environment due to VOC emissions and regulations may hamper growth. In spite of that, growing demand from emerging countries and increased demand for bio-based coatings owing to their eco-friendly nature are expected to create ample opportunities in the global plastic coatings market.
Asia -Pacific Dominates the Global Plastic Coatings Market
Asia-Pacific is expected to dominate the global plastic coatings market owing to the growth of the construction industry in countries like India. India is predicted to be the third-largest construction market across the planet by 2030, owing to the development of smart cities under Smart Cities Mission till June 2021, from which 2,734 projects are completed out of the 5,956 projects. the important Estate Industry in India is predicted to achieve $1 Tn by 2030 and contributes to 13% of GDP. Construction expenditures in China are expected to grow 7.8 percent once a year in real terms through 2019 Gains are going to be driven by ongoing industrialization. On the other hand, rising urban population, increasing foreign investment funding, rising income levels, and further population and household growth in China is expected to contribute in the development of the construction industry which in turn supports the growth of the plastic coating market over the forecast period.
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
Key Benefits in Global Plastic Coatings Market-
- Global Plastic Coating report covers in-depth historical and forecast analysis.
- Global Plastic Coating research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Plastic Coatings Manufacturers, Competitive Analysis, Regional and Country Level.
- Global Plastic Coating report helps to identify opportunities in the marketplace.
- Global Plastic Coating report covers extensive analysis of emerging trends and competitive landscape.
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Plastic Coatings Market Share, Size, Trends, Opportunities, Demand & Industry Growth Analysis (2021-2027)
Plastic Coatings Market Size, Share & Trends Analysis Report 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) Based on Region, And Segment Forecasts, 2021 - 2027
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