Global Plastic Coatings Market to Reach Value of USD 7.76 Bn by 2021, Forecasts M&M in Its Novel Research Report Published at MarketPublishers.com05 Sep 2016 • by Natalie Aster
LONDON – The value of the global plastic coatings market is slated to climb to USD 7.76 billion by 2021, growing at a CAGR of 5.5% from 2016 up till 2021. Major market growth drivers include ongoing industry developments, technological advancements and also significantly rising demand for plastic coatings from building and construction sectors as well as automotive market sectors.
The polyurethane plastic coatings sector will likely witness the highest growth rates through 2021. The rising consumption of polyurethane coatings is attributed to its advantages over other materials, its high performance and unique properties (like superior strength, abrasion resistance, low temperature, flexibility, moisture resistance, etc.).
Between 2016 and 2021, the highest CAGR is expected to be registered in the APAC plastic coatings market. This regional market will be driven mainly by the rising demand for plastic coatings from China and other country-wide markets in the region. China ranks the leading consumer of plastic coatings in the APAC region, followed by Japan and India. However, India is predicted to grow at the fastest pace in the region through 2021.
Major companies active in the world’s plastic coatings market include Bayer AG, PPG Industries, AkzoNobel, BASF SE, 3M, Eastman Chemical Company, Axalta Coating Systems, Kansai Paint, Wacker Chemie AG, to name only a few.
Novel research report “Plastic Coatings Market by Type, Process, End-Use Industry and by Region - Global Forecast to 2021” by MarketsandMarkets provides a granular analysis of the current situation in the worldwide market for plastic coatings. It observes the market historical background and delves into the current market scenario. Top market trends, growth drivers and hinders, challenges and opportunities are covered in the report. The research publication reviews the major market players, provides an insightful analysis of the major geographical markets and examines the competitive landscape. Moreover, the study provides an all-round future market outlook through 2021.
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