How much is the plastic coatings market worth, and how is it expected to expand?
The plastic coatings market size has grown steadily in recent years. It will grow from $6.68 billion in 2024 to $6.97 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to growth in the automotive industry, rising use of protective coatings, advancements in packaging technologies, rising awareness of environmental protection, and growth in medical device manufacturing.
The plastic coatings market size is expected to see steady growth in the next few years. It will grow to $8.23 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to expansion of anti-microbial coatings, growing application of nanotechnology, rise of functional coatings, growth in lightweighting initiatives, and adoption of smart coatings. Major trends in the forecast period include rising demand for electric vehicles, growing focus on sustainable coatings, urbanization and construction growth, an increase in consumer electronics demand, and stringent health and safety regulations.
Get Your Free Sample of The Global Plastic Coatings Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19142&type=smp
Which industry factors have accelerated the plastic coatings market’s expansion?
The increasing demand for automotive and transportation is expected to propel the growth of the plastic coatings market going forward. Automotive and transportation refers to the design, manufacturing, and operation of vehicles and systems that move people and goods, including cars, trucks, buses, trains, airplanes, and related infrastructure. The increasing demand for automotive and transportation is driven by urbanization, rising incomes, a growing population, and a need for efficient and convenient mobility solutions. Plastic coatings in automotive and transportation protect vehicle components from corrosion, wear, and environmental damage while enhancing durability and aesthetics. For instance, in May 2024, according to the Australian Bureau of Statistics, an Australia-based government agency, the earnings before interest, tax, depreciation, and amortization (EBITDA) for the transport, postal, and warehousing industry increased by 14.4% ($5.2 billion), building on an 11.6% ($3.8 billion) growth in the previous year (2021-22). Therefore, the increasing demand for automotive and transportation is driving the growth of the plastic coatings market.
What are the primary segments of the plastic coatings market?
The plastic coatingsmarket covered in this report is segmented –
1) By Material Type: Polyesters, Polyurethane (PU), Acrylic, Epoxy, Silicone, Other Material Types
2) By Process Type: Spray Coating, Dip Coating, Powder Coating, Electrophoretic Painting, Other Process Types
3) By End-Use Industry: Building And Construction, Automotive, Aerospace And Defense, Medical, Other End-Use Industries
Subsegments:
1) By Polyesters: Alkyd Polyesters, Unsaturated Polyesters, Thermoplastic Polyesters
2) By Polyurethane (PU): Thermosetting Polyurethane, Thermoplastic Polyurethane, Waterborne Polyurethane
3) By Acrylic: Water-Based Acrylic Coatings, Solvent-Based Acrylic Coatings, UV-Cured Acrylic Coatings
4) By Epoxy: Bisphenol A Epoxy, Novolac Epoxy, Flexible Epoxy
5) By Silicone: High-Temperature Silicone Coatings, Silicone Acrylic Coatings, Silicone-Modified Coatings
6) By Other Material Types: Fluoropolymer Coatings, Polyvinyl Chloride (PVC) Coatings, Polyethylene (PE) Coatings
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/plastic-coatings-global-market-report
Which firms are leading the plastic coatings market?
Major companies operating in the plastic coatings market are BASF SE, DOW Chemical Company, Wanhua Chemical Group Co. Ltd., Sherwin-Williams Company, PPG Industries Inc., Evonik Industries AG, Solvay, AkzoNobel N.V., Sika AG, Nan Ya Plastics Corporation, Nippon Paint Holdings Co., Ltd., Wacker Chemie AG, Masco Corporation, Huntsman Corporation, RPM International Inc., Axalta Coating Systems, Asian Paints Ltd., Kansai Paint Co., Ltd., Jotun Group, Pidilite Industries Limited, Rust-Oleum Corporation, Berger Paints, Hempel A/S, CTM Coatings
Which market trends are set to define the future of the plastic coatings market?
Major companies operating in the plastic coatings market are focusing on developing innovative solutions, such as textured epoxy coating technology, to offer increased bond strength, damage tolerance, and corrosion resistance for both horizontal and vertical concrete projects. Textured epoxy coating is an epoxy-based coating with a rough or textured finish designed to provide a non-slip surface and enhance aesthetic and functional properties. It is commonly used in environments requiring durability, chemical, and slip resistance. For instance, in April 2024, Sherwin-Williams Company, a US-based paint and coating manufacturing company, launched the Sher-Bar TEC, a transformative new coating technology for the concrete industry. Sher-Bar TEC by Sherwin-Williams features an advanced formulation with exceptional durability and chemical resistance while maintaining a smooth finish. Its transformative technology allows for faster application and curing, offering long-lasting protection with minimal downtime.
Which geographic trends are shaping the plastic coatings market, and which region has the highest market share?
North America was the largest region in the plastic coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Plastic Coatings Market Report 2025 Offer?
The plastic coatings market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Plastic coatings are protective or decorative layers applied to surfaces, typically made of or incorporating polymers (plastics). These coatings form a durable, flexible, and often weather-resistant barrier over a substrate, protecting it from corrosion, abrasion, chemicals, moisture, and other environmental factors. Plastic coatings are widely applied to metal, wood, or plastic surfaces for improved performance, longevity, and appearance.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19142
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
