Trend Of Rapid Development In The Automotive, Aerospace And Electrical And Electronics Industry Is Expected To Drive The Global Decorative Coatings For Plastic Market

The research report “Decorative Coatings For Plastic Market: By product (Chrome, Nickel, Gold, and Copper), by End User (Automotive, Aerospace, Energy, Medical, Semi-Conductor and Others) and Geography- Global/Region forecast to 2027”, the decorative coatings for plastic market is anticipated to reach 812.8 Mn USD by 2027 with a CAGR of 7.0% from 542.6 Mn USD in 2021.

Glance of our research report and competitive intelligence report and in-depth analysis on “Decorative Coatings For Plastic Market: By product (Chrome, Nickel, Gold, Copper), By End User (Automotive, Aerospace, Energy, Medical, Semi-Conductor, and Others) and Geography global/regional forecast to 2027”

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The surge in the Automotive, Aerospace and electronics industry, increased consumption of high-performance coatings:
Decorative coatings for plastics are widely used in the automotive, aerospace, and electronics industry. These have been widely used due to the benefits of wear resistance, durability, and electrical insulation which causing huge demand from the end-user. The demand for lightweight and durable manufacturing materials in the automotive and aerospace has driven the growth of the market. Moreover, the adoption of high-performance polyurethane coatings offering excellent resistance to weathering and abrasion has increased significantly polyurethanes are preferred mostly over acrylics. Rapid expansion in vehicle production and increase in the customer towards the dual-color alternatives has driven the market growth.

Asia Pacific accounts for the largest market share of global decorative coatings for plastic market. This is attributable to the growth of the automotive, aircraft, and electrical and electronics industries, as well as increased infrastructure and R&D spending. The decorative coatings for plastic market will rise due to the significant increase in end users in this region.

New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Market players have been implementing strategies to broaden their product portfolios and to sustain their position in the market. For instance, Stora Enso has developed Ultra ThinPE Tec, which minimize the quantity of coating in food service board (FSB) and application for single use paper cups, according to the business. In May 2021, PPG a global supplier of paint coatings and specialty materials completed the acquisition of Worwag, another manufacturer of coatings for industrial and automotive applications. In 2017, BASF SE opened a plant for Automotive coating in Bangpoo Manufacturing site, Samutprakarn province, Thailand. The plant is used to serve the demand from the automotive sector in the Asia-Pacific region. In addition in 2018, BASF SE and Sirrus collaborated to develop innovative coating solutions for the automotive sector.

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Key market players covered in this report are Oerlikon Management AG, PPG Industries Inc, BASF SE, NIPPON Paint, The Valspar Corporation, Axalta Coating Systems, Kansai Paint Co., Ltd, Hempel A/S, Ring International Holding, Dulux Group Ltd and others.

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