Plastic Coatings Market Size, Share, Growth And Forecast 2033

The plastic coatings global market report 2024  from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

 

Plastic Coatings  Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

 

Market Size –

The plastic coatings market size has grown steadily in recent years. It will grow from $6.42 billion in 2023 to $6.68 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%.  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 $7.90 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.  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.

 

Order your report now for swift delivery @

https://www.thebusinessresearchcompany.com/report/plastic-coatings-global-market-report

 

Scope Of Plastic Coatings Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

 

Plastic Coatings  Market Overview

Market Drivers –

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.

 

Market Trends –

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.

 

The plastic coatings market 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

 

Get an inside scoop of the plastic coatings market, Request now for Sample Report @

https://www.thebusinessresearchcompany.com/sample.aspx?id=19142&type=smp

 

Regional Insights –

North America was the largest region in the plastic coatings market in 2023. 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.

 

Key Companies –

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

 

Table of Contents

1. Executive Summary
2. Plastic Coatings Market Characteristics
3. Plastic Coatings Market Trends And Strategies
4. Plastic Coatings Market – Macro Economic Scenario
5. Global Plastic Coatings Market Size and Growth

…………..

34. Key Mergers And Acquisitions In The Plastic Coatings Market
35. Plastic Coatings Market Future Outlook and Potential Analysis
36. Appendix

 

Read Related Reports:

https://goodprnews.com/building-energy-simulation-software-market-trends/

https://topprnews.com/cloud-infrastructure-automation-software-market-growth/

 

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

 

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