Market Research Future - Premium Research Reports Plastic Coating Market Information 2016-2022 | Page 2

Market Highlights: Plastic coatings are used widely across various strategic industries such as automotive, construction, aerospace & defense, petrochemical among others. These coatings are widely applied in seat springs, filet pipes, battery compartment, door handles and other areas in automotive industry. Plastic Coating with its properties such as heat proof, corrosion proof, external force proof and cost effective is been considered as one of the preferred coating material over the traditional and conventional coating substitutes. The global Plastic coating market is driven by the growth in automotive and building and construction industry. The automotive sector is the largest end-user of the coating material. The use of metal along with the use of external force and heat in the all the processes of automotive and construction industry makes this type of coating a successful and popular option among the manufacturers and suppliers. Additionally, the ability of these coasting materials to be used on the steel bars which are highly corrosive further augments the market for plastic coating. Furthermore the growth of automotive industry due to high demand for automobile from the emerging nations has led to the increased market for plastic coating. The regions of APAC have shown high population and urbanization which fuels the demand for automobiles in the region. Also, APAC is currently valued as the fastest growing market for plastic coating and is expected to keep up the pace by 2022. The foreign and domestic investment in infrastructure industry widens the scope for coating material. The global Plastic coating market is expected to cross USD 8 billion mark at the end of the forecasted period and is expected to show a staggering growth at CAGR of approximately 5% from 2016 to 2022. Key Players in Global Plastic Coating Market:  Bayer AG  3M Company  BASF SE  PPG Industries Inc. Tel: [phone] [email protected]