Plastic Coatings Market Report 2026

The plastic coatings market size has grown steadily in recent years. It will grow from $6.9 billion in 2025 to $7.18 billion in 2026 at a compound annual growth rate (CAGR) of 4%. The growth in the historic period can be attributed to expansion of construction and infrastructure projects, increased use of coated metal components, growth in automotive surface protection needs, wider adoption of industrial protective coatings, improvements in polymer coating formulations.

The plastic coatings market size is expected to see steady growth in the next few years. It will grow to $8.39 billion in 2030 at a compound annual growth rate (CAGR) of 4%. The growth in the forecast period can be attributed to increasing demand for sustainable and low-emission coatings, rising adoption of coatings for electric vehicles, expansion of advanced infrastructure protection solutions, growing focus on coating lifecycle performance, increasing automation in coating application processes. Major trends in the forecast period include increasing use of corrosion-resistant plastic coatings, rising demand for water-based and low-voc coatings, growing adoption of high-performance protective coatings, expansion of uv-cured and powder coating technologies, enhanced focus on long-term surface durability.

The growing demand for automotive and transportation is expected to drive the expansion of the plastic coatings market in the coming years. Automotive and transportation encompass the design, production, and operation of vehicles and systems used to move people and goods, including cars, trucks, buses, trains, aircraft, and related infrastructure. This rising demand is fueled by factors such as urbanization, increasing incomes, population growth, and the need for efficient and convenient mobility solutions. Plastic coatings are widely used in automotive and transportation applications to protect vehicle components from corrosion, wear, and environmental exposure while improving durability and visual appeal. For example, in April 2024, according to the Serbian Association of Vehicle and Parts Importers, a Serbia-based professional automotive organization, global vehicle production reached 93,546,599 units in 2023, including 67,133,570 passenger vehicles, up from 84,830,376 vehicles produced in 2022. Consequently, the increasing demand for automotive and transportation is supporting the growth of the plastic coatings market.

Major companies operating in the plastic coatings market are concentrating on the development of innovative solutions, such as textured epoxy coating technologies, to deliver enhanced bond strength, improved damage tolerance, and greater corrosion resistance for both horizontal and vertical concrete applications. Textured epoxy coatings are epoxy-based solutions with a rough or textured surface that provide slip resistance while enhancing both functional and aesthetic performance. These coatings are commonly applied in environments that require high durability, chemical resistance, and safety. For instance, in April 2024, Sherwin-Williams Company, a US-based paint and coatings manufacturer, introduced Sher-Bar TEC, a next-generation coating technology for the concrete industry. Sher-Bar TEC features an advanced formulation that offers outstanding durability and chemical resistance while maintaining a smooth finish, and its innovative technology enables faster application and curing, delivering long-lasting protection with reduced downtime.

In March 2023, Stahl Holdings B.V., a Netherlands-based coatings technology company, acquired ICP Industrial Solutions Group (ISG) for approximately $205 million. Through this acquisition, Stahl aimed to strengthen its market position by expanding its specialty coatings portfolio, diversifying its end-market exposure, and broadening its technological capabilities. ICP Industrial Solutions Group is a US-based specialty coatings technology company that focuses on delivering high-performance coatings, primarily for packaging and labeling applications in industries such as food and pharmaceuticals.

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, Huntsman Corporation, RPM International Inc., Axalta Coating Systems, Asian Paints Ltd., Kansai Paint Co., Ltd., Jotun Group, Rust-Oleum Corporation, Berger Paints, Hempel A/S, CTM Coatings.

North America was the largest region in the plastic coatings market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastic coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The plastic coatings market consists of sales of polyurethane coatings, epoxy coatings, polyethylene coatings, acrylic coatings, polyvinyl chloride (PVC) coatings, fluoropolymer coatings, and nylon coatings. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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