DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Plastic Coatings Market by Type (Polyurethane, Acrylic, Epoxy), Process (Electrophoretic Painting, Powder Coating, Dip Coating), End-Use Industry (Automotive, Aerospace & Defense, Building & Construction) and by Region - Global Forecast to 2021" report to their offering.
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.
Polyurethane plastic coatings segment to register high growth due to its advantages over other materials
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.
Asia-Pacific to register the highest growth in the plastic coatings market by 2021
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.
The major companies profiled in this report include
- Akzonobel N.V.
- Axalta Coating Systems Ltd. (Axalta)
- BASF SE
- Bayer AG
- Eastman Chemical Company (Eastman)
- Kansai Paint Co., Ltd.
- PPG Industries, Inc.
- Valspar Corporation
- Wacker Chemie AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Industry Trends
7 Plastic Coatings Market, By Type
8 Plastic Coatings Market, By Process
9 Plastic Coatings Market, By End-Use Industry
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/nphwpw/plastic_coatings
Related Topics: Paints and Coatings