Rising Automotive And Transportation Demand Fuels Growth In The Plastic Coatings Market: Powering Innovation and Expansion in the Plastic Coatings Market by 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Plastic Coatings Market Through 2025?
The plastic coatings market has grown steadily in recent years. It will rise from $6.68 billion in 2024 to $6.9 billion in 2025, with a CAGR of 3.3%. Growth in earlier years was driven by the automotive industry, greater use of protective coatings, advancements in packaging, rising environmental concerns, and expansion in medical device manufacturing.

What's the Projected Size of the Global Plastic Coatings Market by 2029?
Expectations are set for the plastic coatings market to experience a consistent increase in the coming years, with the value reaching $8.07 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.0%. Factors that contribute to this projected growth over the forecast period include the proliferation of anti-microbial coatings, the heightened use of nanotechnology, development of functional coatings, emphasis on lightweighting schemes, and the increased acceptance of smart coatings. Key trends within the forecast period are anticipated to be the elevated demand for electric vehicles, an increased emphasis on ecological coatings, urban and construction expansion, a boost in consumer electronics needs, and explicit health and safety legislations.

View the full report here:
https://www.thebusinessresearchcompany.com/report/plastic-coatings-global-market-report

Top Growth Drivers in the Plastic Coatings Industry: What's Accelerating the Market?
The plastic coatings market's growth is anticipated to surge due to the heightened demand in the automotive and transportation sectors. These sectors encompass the engineering, production, and functioning of vehicles and infrastructure, ranging from cars, buses, trucks, planes, trains to systems that transport individuals and commodities. Urbanization, enhanced incomes, an expanding population, and the requirement for efficient, convenient mobility solutions drive this rising demand. In the context of the automotive and transportation sectors, plastic coatings serve to shield vehicle parts from corrosion, wear and tear, and environmental harm, bolstering their durability and appearance. As an illustration, the Australia-based government agency, the Australian Bureau of Statistics, reported in May 2024, a 14.4% or $5.2 billion increase in the earnings before interest, tax, depreciation, and amortization (EBITDA) for the transport, postal, and warehousing industry, consolidating a prior growth of 11.6% or $3.8 billion in the year (2021-22). Hence, this elevated demand in the automotive and transportation sectors fuels the plastic coatings market's progression.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19142&type=smp

What Trends Will Shape the Plastic Coatings Market Through 2029 and Beyond?
Leading enterprises in the plastic coatings market are shifting their strategies towards the development of innovative products, such as textured epoxy coating technology for enhanced bonding strength, improved damage tolerance, and higher corrosion resistance, applicable for both horizontal and vertical concrete constructions. This type of coating is epoxy-based, carrying a textured finish to provide a non-slippery surface and to upgrade its aesthetic and functional characteristics. It is widely popular in scenarios where durability, chemical resistance, and slip resistance are required. An example of this is in April 2024, the US-based Sherwin-Williams Company, known for its paints and coatings production, introduced Sher-Bar TEC - a groundbreaking new coating technology for the concrete industry. Sher-Bar TEC from Sherwin-Williams boasts a state-of-the-art formula that ensures remarkable durability and chemical resistance while ensuring a sleek finish. This revolutionary technology allows for rapid application and curing, providing enduring coverage with minimal interruptions.

What Are the Main Segments in the Plastic Coatings Market?
The plastic coatings market covered in this report is segmented -

1) By Material Type: Polyesters, Polyurethane (PU), Acrylic, Epoxy, Silicone, Other Material Types
2) By Process Type: Spray Coating, Dip Coating, Powder Coating, Electrophoretic Painting, Other Process Types
3) By End-Use Industry: Building And Construction, Automotive, Aerospace And Defense, Medical, Other End-Use Industries

Subsegments:
1) By Polyesters: Alkyd Polyesters, Unsaturated Polyesters, Thermoplastic Polyesters
2) By Polyurethane (PU): Thermosetting Polyurethane, Thermoplastic Polyurethane, Waterborne Polyurethane
3) By Acrylic: Water-Based Acrylic Coatings, Solvent-Based Acrylic Coatings, UV-Cured Acrylic Coatings
4) By Epoxy: Bisphenol A Epoxy, Novolac Epoxy, Flexible Epoxy
5) By Silicone: High-Temperature Silicone Coatings, Silicone Acrylic Coatings, Silicone-Modified Coatings
6) By Other Material Types: Fluoropolymer Coatings, Polyvinyl Chloride (PVC) Coatings, Polyethylene (PE) Coatings

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=19142&type=smp

Which Top Companies are Driving Growth in the Plastic Coatings Market?
Major companies operating in the plastic coatings market are BASF SE, DOW Chemical Company, Wanhua Chemical Group Co. Ltd., Sherwin-Williams Company, PPG Industries Inc., Evonik Industries AG, Solvay, AkzoNobel N.V., Sika AG, Nan Ya Plastics Corporation, Nippon Paint Holdings Co., Ltd., Wacker Chemie AG, Masco Corporation, Huntsman Corporation, RPM International Inc., Axalta Coating Systems, Asian Paints Ltd., Kansai Paint Co., Ltd., Jotun Group, Pidilite Industries Limited, Rust-Oleum Corporation, Berger Paints, Hempel A/S, CTM Coatings

Which Regions Will Dominate the Plastic Coatings Market Through 2029?
North America was the largest region in the plastic coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19142

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Reach out to us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

The Business Research Company, with over 17,500+ reports across 27 industries and 60+ geographies, backed by 1,500,000 datasets and insights from industry leaders, offers comprehensive market intelligence through its flagship product, the Global Market Model (GMM), delivering updated forecasts for informed decision-making.

This release was published on openPR.