Plastic Coating Market To Clock Noteworthy Growth, Revenue To Surpass US$ 7.74 Billion By 2021

With the existence of a plethora of players, the global plastic coating market is showing an extremely competitive business scenario, as per a new study by Zion Market Research (ZMR). AkzoNobel N.V., PPG Industries Inc., Eastman Chemical Company, Kansai Paint Company Ltd, Axalta Coating Systems Ltd., and BASF SE are some of the major players of endoscopy machines all over the globe. These companies are aiming insistently on innovation, as well as on adding enhanced techs in their current portfolio. Over the coming period, they are also anticipated to take up joint ventures as well as mergers and acquisitions as their major strategy for development of business, claims the plastic coating market report.

In a key relief to the global market, earlier researchers at Georgia Institute of Technology discovered that when plant cellulose is mixed with chitin, the hard substrate or substance that forms shellfish’s clamshells and lobsters’ exoskeletons, it created coatings of recyclable plastic.

This review is based on a report by Zion Market Research, titled "Plastic Coating Market (Acrylic, Polyurethane, Epoxy and Other Process) by Process (Powder Coating, DIP Coating, Electrophoretic Painting, Spray Coating and Other Process) for Aerospace and Defense, Automotive, Medical, Building and Construction and Other End User: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021." - Report at https://www.zionmarketresearch.com/report/plastic-coating-market

As predicted in this study, the global market for plastic coating in 2015 stood at US$ 5.62 billion. Seeing a tremendous surge between 2015 and 2021, the income in this market is anticipated to cross US$ 7.74 Billion by the end of 2021. The major types present in this market are acrylic, polyurethane, and epoxy. Amongst these, the demand for polyurethane is relatively more and the trend is expected to stay the same for the coming years, as per the plastic coating market report.

Bolstering Construction & Automotive Sectors To Thrive Market Growth

“Huge demands of product from the construction & automotive sectors together with user-friendly features are expected to boost the growth of the plastic coating market over the coming years,” claim the researchers at XMR. In addition to this, plastic coating is more efficient and durable in comparison to its conventional peers and has the capability of enhancing the performance. Swift urbanization seen in developing nations and high demand of product in these countries is projected to boost the development of global market over the years to come.

Negative impacts on the environment due to emissions of VOC, though, can hamper the development of global plastic coating market in the forecast future. Nonetheless, present research activities on designing bio-based coatings is claimed to generate lucrative growth opportunities for the global market over the coming years, thereby normalizing the effect of obstructions on the global market, as per the report.

Presence Of Automotive Players to Support Regional Domination in Europe

Area-wise, Europe has been in the vanguard position in the growth of coating market and is expected to carry on the supremacy in the coming years, as per the plastic coating market report. The presence of top automobile makers and speedily affluent automotive OEM market in the area are the major factor responsible for the supremacy of the Europe plastic coating market. In addition to this, widespread use of plastic coating in Europe in construction and aerospace applications is anticipated to substantially contribute towards the dominance and growth of European plastic coating market in the coming years.

This report segments the plastic coating market as follows:

Plastic Coating Market: Type Analysis

• Acrylic
• Polyurethane
• Epoxy
• Others

Plastic Coating Market: Process Analysis

• Powder coating
• Dip coating
• Electrophoretic painting
• Spray coating
• Others

Plastic Coating Market: End User Analysis

• Aerospace and defense
• Automotive
• Medical
• Building and construction
• Others

Plastic Coating Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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