| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 6.78 Billion |
| Market Size (2030) | USD 8.73 Billion |
| CAGR (2025 - 2030) | 5.21 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Plastic Coatings Market Analysis
The Plastic Coatings Market size is estimated at USD 6.78 billion in 2025, and is expected to reach USD 8.73 billion by 2030, at a CAGR of 5.21% during the forecast period (2025-2030).
The market was negatively impacted by COVID-19 in 2020. Due to the pandemic situation, various building and construction activities across the globe were temporarily stopped. Also, other end-user industries, such as automotive, electronics, and consumer appliances, were on temporary hold. The pandemic has led to disrupted supply chains globally. Lockdowns across different countries have affected production as key manufacturing units and factories were shut down. However, the industry has started recovering since then.
- Over the short term, the major factor driving the market studied is the growing consumption of high-performance coatings in various end-user industries.
- On the flip side, regulations on plastic and plastic-related products in various nations are likely to hinder the market.
- Recycling of plastic/resins from waste in production processes is likely to act as an opportunity for the market in the forecast period.
- Asia-Pacific dominated the market across the globe with the largest consumption in the country such as India, China, etc.
Plastic Coatings Market Trends
Building and Construction Segment to Dominate the Market
- Plastic coatings find major applications in the construction industry. For example, plastisol, a coating made from Poly Vinyl Chloride (PVC) is used as a coating on roofs.
- The global construction industry is projected to have significant growth in the coming years, which is likely to drive the demand for plastic coatings.
- According to a study by the Institution of Civil Engineers (ICE), the global construction industry is expected to value USD 8 trillion by 2030, primarily driven by China, India, and the United States region.
- According to the United Nations (UN), around 50% of the global population resides in urban cities, which is projected to touch 60%, by 2030. The pace of economic and demographic growth must be in harmony with the demand for residential activities. By 2030, around 40% of the global population is likely to need housing at the rate of over 96,150 houses per day.
- Globally, Asia-Pacific has the largest construction market, followed by India, China, and various Southeast Asian countries. In India, the government has initiated projects, such as 100 smart cities and 'Housing for All by 2022', which are expected to immensely drive the residential construction market in India through the forecast period.
- German Social Democrat government is focusing heavily on the housing crisis in the country and has created a new ministry to supervise its housing plans. In November 2021, the government pledged more than 400,000 new housing units every year from 2022, 100,000 of which will be publicly subsidized.
- All the aforementioned factors are likely to increase the demand for plastic coatings over the forecast period.
Understand The Key Trends Shaping This Market
Download PDF
China to Dominate the Asia-Pacific Region
- China is one of the largest economies, in terms of GDP and is among the fastest emerging economies in the world. Moreover, China is among the top manufacturers of automobiles, electronic devices, and electric vehicles globally.
- The majority of the demand for plastic coatings in the country comes from the automotive and construction industry.
- China is one of the world's largest vehicle markets and will continue to be the world's largest vehicle market by both annual sales and manufacturing output, By 2025 domestic production is expected to reach 35 million vehicles.
- China is one of the largest countries in the world, where the construction sector dominates almost all other sectors in growth. In 2021, the revenue of construction enterprises in China was CNY 8,013.8 billion, an increase of 2.1% over the previous year.
- As per U.S. International Trade Administration, China is the world's largest construction market and is forecasted to grow at an annual average of 8.6% between 2022 and 2030.
- Such factors are expected to increase the demand for plastic coatings in the Asia Pacific region, mainly in the Chinese market over the forecast period.
Get Analysis on Important Geographic Markets
Download PDF
Plastic Coatings Industry Overview
The plastic coatings market is partially consolidated. Some of the major players include (not in any particular order) The Sherwin-Williams Company, Akzo Nobel N.V., 3M, Axalta Coating Systems, and PPG Industries, Inc. among others.
Plastic Coatings Market Leaders
-
The Sherwin-Williams Company
-
Akzo Nobel N.V.
-
3M
-
Axalta Coating Systems
-
PPG Industries, Inc.
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Plastic Coatings Market News
- In March of 2022, Peerless Plastics & Coatings Ltd. acquired RS Coatings Ltd., a company specializing in the application of coating solutions for the protection and decoration of plastic and metallic components. The acquisition will provide the company with 50 years of experience of RS coatings in the coatings industry.
Plastic Coatings Industry Segmentation
The plastic coating is liquid polymers or plastic, that is applied on the substrate surface dipping or immersion. These coatings offer additional resistance against scratches, wear, corrosion, and external elements. The plastic coatings market is segmented by plastic type, form, end-user industry, and geography. By plastic type, the market is segmented into PVC, Polyurethane, Polyester, Fluoropolymer, Polyamide, Polyethylene, and Other Plastic Types. By form, the market is segmented into Liquid and Powder. In the end-user industry, the market is segmented into automotive, building, and construction, aerospace and defense, electronics, consumer appliances, and other end-user industries. The report also covers the market size and forecasts for the plastic coatings market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD).
| Plastic Type | PVC | ||
| Polyurethane | |||
| Polyester | |||
| Fluoropolymer | |||
| Polyamide | |||
| Polyethylene | |||
| Other Plastic Types | |||
| Form | Liquid | ||
| Powder | |||
| End-user Industry | Automotive | ||
| Building and Construction | |||
| Aerospace and Defense | |||
| Electronics | |||
| Consumer Appliances | |||
| Other End-user Industries | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| Italy | |||
| France | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle-East and Africa | |||
Need A Different Region or Segment?
Customize Now
Plastic Coatings Market Research FAQs
How big is the Plastic Coatings Market?
The Plastic Coatings Market size is expected to reach USD 6.78 billion in 2025 and grow at a CAGR of 5.21% to reach USD 8.73 billion by 2030.
What is the current Plastic Coatings Market size?
In 2025, the Plastic Coatings Market size is expected to reach USD 6.78 billion.
Who are the key players in Plastic Coatings Market?
The Sherwin-Williams Company, Akzo Nobel N.V., 3M, Axalta Coating Systems and PPG Industries, Inc. are the major companies operating in the Plastic Coatings Market.
Which is the fastest growing region in Plastic Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Plastic Coatings Market?
In 2025, the Asia Pacific accounts for the largest market share in Plastic Coatings Market.
What years does this Plastic Coatings Market cover, and what was the market size in 2024?
In 2024, the Plastic Coatings Market size was estimated at USD 6.43 billion. The report covers the Plastic Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Plastic Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Plastic Coatings Industry Report
Statistics for the 2025 Plastic Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Plastic Coatings analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
