The market potential of the hottest plastic coatin

2022-09-21
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The market potential of plastic coatings is huge: by 2027, the market scale will reach $8.8 billion

the market potential of plastic coatings is huge: by 2027, the market scale will reach $8.8 billion for safety devices: overload emergency stop device, up and down travel limit device, automatic breakpoint stop function

December 28, 2020

recently, joint Market Research (AMR) published a report, The title is "types of plastic coatings market (polyurethane, acrylic acid, epoxy and others), processes (dip coating, spraying, powder coating, electrophoretic paint, etc.), and end use industries (automotive, aerospace and national defense, construction and construction, medical treatment, etc.):" global opportunity analysis and Industry forecast in " 。 According to the report, the global plastic coating industry earned US $6.5 billion in 2019 and is expected to generate US $8.8 billion by 2027, with a compound annual growth rate of 5.1% from 2020 to 2027

the main determinants of growth

the sustainable development of the light vehicle industry and the growth of the adoption rate in the construction industry have promoted the growth of the global plastic coating market. However, strict environmental policies and regulations on volatile organic compounds (VOC) limit the growth of the plastic coating market. On the other hand, emerging industries in developing countries will create new industry opportunities in the next few years

impact caused by covid-19

1. During covid-19 locking, the daily operation of plastic coating production facilities has been stopped. In addition, R & D activities have been interrupted

2. After the blockade implemented by the government to curb the spread of coronavirus, the relevant supply and distribution activities have been stopped

3. With the shutdown of automobile and construction industry, the demand has been greatly reduced. However, with the relaxation of lock-in restrictions, demand is expected to grow steadily

4. With the beginning of manufacturing and field operation, the demand for plastic coatings in different industries will gradually increase

the epoxy resin market will maintain a leading position in the forecast period

by type, the epoxy resin market share is the highest, accounting for nearly two fifths of the global plastic coating market share in 2019, and will maintain a leading position in the forecast period. This is due to its applicability, which can realize the smoothness and durability of plastic coatings, which is worthy of the close connection of wood plastic materials, economy and other advantages

The performance of polystyrene foam in fire cannot be compared

however, from 2020 to 2027, the acrylic segment is expected to grow at a compound annual growth rate of 5.8%. This is due to its unique advantages, including excellent UV resistance, moisture resistance and so on

during the forecast period, the spraying field will maintain its leading position

according to the application calculation, the spraying coating business will account for the largest market share in 2019, accounting for more than a quarter of the global plastic coating market, and will maintain its leading position during the forecast period (to 2027). This is due to its simplicity in application. Plastic spraying coatings are widely used in construction, automobile and other fields

however, due to the influence of some complex structures, pretreatment steps can be omitted for powder coatings. Therefore, the annual compound growth rate of powder coatings in the prediction period is expected to reach 5.9%, which is the fastest

the Asia Pacific region has the fastest growth rate, followed by North America

divided by region, the Asia Pacific region is expected to achieve a compound annual growth rate of 5.6% in the control system: control appliances from 2020 to 2027. In addition, the region accounted for the largest share of revenue in 2019, accounting for more than one third, and will continue to maintain its leading position until 2027. This is due to the growth of macroeconomic factors in these regions, such as GDP growth, industrial production, new residential and commercial buildings, and automobile production

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