Coaster Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

Coaster is a small mat which is used to protect the table surface from damage and stain. It is used to keep glasses, cups, or any drinking vessels upon it. The thermal conductivity of the coaster is very less, which gives the advantage to avoid burning damage of table top. The coasters are made up of clay, wood, and glass. These coasters are optimum solution for dishwashers, microwave ovens, freezers, and other electronic devices for maintaining clean and hygienic workspace. Additionally, the spread liquid and stain absorptivity of foam and hard paper coaster propel the growth of the global market of coaster in multiples. The coasters provide sturdy and non-slip grip to the glass and other utensils. The market of the coaster is expected to rise due to its versatile nature. Tough rivalry among manufacturers is witnessed due to the entry of new entrepreneurs. As it requires less initial cost, many key players are manufacturing coaster along with other products. With the changing life style and fashion trends, the coaster market is expected to rise significantly during the forecast period.

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Prevention of furniture and electronic devices from stain and blemishes is the key driver for rising growth of the global coaster market during the next decade. However, the other factors fueling the market growth are branding and promotional strategies adopted by manufacturers and brand owners and easy product customization. As per the customer’s requirement, the coasters are printed and laminated with different pictures of brands, sports franchise, emoticons, and quotes.

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