Plastic Coatings Market - Global Industry Analysis, Forecast 2016 – 2024

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Plastic Coatings Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Plastic
Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024” This report
likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and
worldwide business sector industry structure.
Plastic coatings are used in various applications in different sectors such as automotive, oil & gas, building & construction,
electronics, aerospace and defense. Some Functional uses of plastic coatings include corrosion inhibition, abrasion resistance,
thermal resistance, chemical resistance, UV resistance, lubrication, mechanical property enhancement, surface finish, and
esthetics. Implementation of higher number of environmentally-friendly regulations is expected to encourage manufacturers in
the coatings industry to opt for water-based plastic coatings.
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Plastic coatings can be classified based on their application into architectural coatings, industrial coatings, and special purpose
coatings. Architectural coatings account for around 50% share of the global coatings industry. These include consumer paints.
Industrial coatings are used at the time of manufacture of products. Special coatings comprise a wide range of functional
coatings and can be sub-divided into automotive refinish coatings, industrial maintenance coatings, traffic marking paints, and
marine paints. Plastic coatings can be applied to substrates in many ways. These include chemical & electrochemical
techniques, spraying, roll-to-roll coating, and spin coating.
Polyurethane, polyester, epoxy, and PTFE are the most widely used plastic coatings.
PU coatings are recommended for
application on surfaces requiring good wear resistance along with excellent chemical & physical resistance. Epoxy coatings are
harder, more durable, and possess higher compression strength than polyurethanes; however, they have lower resistance to
abrasion and low freezing temperature. Polyester coatings are widely used to provide wear & tear resistance, water resistance,
and chemical resistance to wood. They also possess the fastest curing time. PTFE coatings have high temperature and chemical
resistance and low surface energy. Thus, they are ideal materials to be used in ‘non-stick’ applications. Chlorinated rubber
coatings are employed in marine environments, as they are resistant to salts, alkalis, mineral oils, moisture, and fungal growth.
Various plastics incorporated with carbon particles or metallic particles are used in conductive coatings or EMI shielding. Other
applications of plastic coatings include barrier protection, antiglare, super hydrophobicity, anti-contamination, and esthetic
finishes.
Increase in demand for plastic coatings in the automotive end-use segment is anticipated to drive the plastic coatings market in
the next few years. Europe accounts for significant share of the plastic coatings market due to the rise in demand from
automobile manufacturers concentrated in the region. Consumption of protective plastic coatings is high in Asia Pacific primarily
due to the prevalence of hot and wet climatic conditions and increase in oil & gas and mining activities in the region. Plastic
coatings are predominantly used in China due to the rapid growth of the civil and marine industries in the country. The per
capita consumption of plastic coatings in India remains low with only architectural paints being widely used. These factors
coupled with renewed focus on industrialization in India under the ‘Make in India’ campaign make plastic coatings one of the
most highly attractive growth markets in Asia Pacific. Japan and Taiwan are key players in the plastic coatings market as they are
one of the leading manufacturers of electricals and electronics. The outlook of the plastic coatings market in the U.S appears
positive, due to the recovery of construction and automobile industries from the economic recession of 2008. In addition, water
based coatings are expected to become increasingly used as manufacturers seek solutions to the recent environmental
regulations against polluting petroleum based coatings.
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Key players operating in the plastic coatings market are Bayer SE, PPG Industries, Eastman, Azko Nobel, SherwinWilliams, Bayer A.G, Axalta Coating Systems, Kansai Painting Co,. Ltd, Asian Paints, and RPM International Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
•
Market segments and sub-segments
•
Market trends and dynamics
•
Supply and demand
•
Market size
•
Current trends/opportunities/challenges
•
Competitive landscape
•
Technological breakthroughs
•
Value chain and stakeholder analysis
The regional analysis covers:
•
North America (U.S. and Canada)
•
Latin America (Mexico, Brazil, Peru, Chile, and others)
•
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
•
Eastern Europe (Poland and Russia)
•
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
•
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned
analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and
mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment
over the forecast period.
Highlights of the report:
•
A complete backdrop analysis, which includes an assessment of the parent market
•
Important changes in market dynamics
•
Market segmentation up to the second or third level
•
Historical, current, and projected size of the market from the standpoint of both value and volume
•
Reporting and evaluation of recent industry developments
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Market shares and strategies of key players
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Emerging niche segments and regional markets
•
An objective assessment of the trajectory of the market
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Recommendations to companies for strengthening their foothold in the market
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Plastic coatings are used in various applications in different sectors such as automotive, oil & gas, building & construction, electronics, aerospace and defense. Some Functional uses of plastic coatings include corrosion inhibition, abrasion resistance, thermal resistance, chemical resistance, UV resistance, lubrication, mechanical property enhancement, surface finish, and esthetics. Implementation of higher number of environmentally-friendly regulations is expected to encourage manufacturers in the coatings industry to opt for water-based plastic coatings. Plastic coatings can be classified based on their application into architectural coatings, industrial coatings, and special purpose coatings. Architectural coatings account for around 50% share of the global coatings industry. These include consumer paints. Industrial coatings are used at the time of manufacture of products. Special coatings comprise a wide range of functional coatings and can be sub-divided into automotive refinish coatings, industrial maintenance coatings, traffic marking paints, and marine paints. Plastic coatings can be applied to substrates in many ways. These include chemical & electrochemical techniques, spraying, roll-to-roll coating, and spin coating.