Home > Pressrelease > Pretreatment Coatings Market size worth over $15.5 billion by 2026
Pretreatment Coatings Market size worth over $15.5 billion by 2026
- Published Date: March 22, 2020
According to a new research report by Global Market Insights Inc., the pretreatment coatings market size is set to surpass $15.5 billion by 2026. High performance characteristics and rapid adoption of aluminum in various industries may boost the market demand.
Pretreatment coatings are materials used to enhance the properties of ferrous and nonferrous metals. They are widely used in various end industries such as automotive, aerospace, and packaging owing to its protective and high performance characteristics. Changing consumer outlook towards the use of high-quality materials and rapid adoption of these coatings to gain unique selling point in market are likely to augment the pretreatment coatings market demand.
Increasing usage in metal packaging sector owing to durable and long-lasting nature to accelerate the market demand
Rising demand for high quality packaging solutions owing to changing consumer perceptions towards quality, durability, and material life is likely to boost the market demand. Pretreatment coatings are widely used to line metal packaging solutions as they protect containers from various environmental susceptibilities such as moisture, rust, water, and chemicals. Additionally, increasing trends towards adopting durable packaging solutions is likely to trigger the pretreatment coatings market value.
Stringent regulations in metal packaging industry and increasing demand for various end industries is likely to encourage consumption. Manufacturers are rapidly expanding product portfolio to cater to metal packaging sector by investing in R&D and marketing initiatives. Furthermore, its economic nature and compatibility with various metals makes it ideal for long lasting solutions which should boost the pretreatment coatings market growth.
Browse key industry insights spread across 330 pages with 406 market data tables and 14 figures & charts from the report, “Pretreatment Coatings Market By Product (Pre-paint Conversion Coatings [Iron Phosphate, Zinc Phosphate, Chromate, Chromate Free, Blast Media] , Anti-corrosive Coatings, Metalworking Fluids, Cleaners, Final Seals [Chromium-Phosphate, Corrosion Inhibitors]), By End-Use (Aerospace [Commercial Aviation {Airlines, General Aviation}, Military], Automotive, General Industry, Coil, Cold Forming, Metal Packaging), By Application (Metal, Aluminum, Zn-Al Alloys & Die Castings), Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pretreatment-coatings-market
Rapid adoption in general manufacturing industry to be a unique selling point that may boost pretreatment coatings market share
General industry segment includes off-road & agricultural vehicles, appliances, ventilation, office furniture, general manufacturing, and architectural aluminum. Agricultural vehicles use zinc and iron phosphate coating for heavy industrial equipment. Also, appliances use iron and zinc phosphate for dryers, refrigerators, and washers. Rapid adoption of these coatings to increase shelf life, performance characteristics, and lower maintenance costs will augment the pretreatment coatings market demand.
It is also utilized in manufacturing residential & commercial furniture applications. Its nontoxic nature, phosphate and residual free characteristics makes it ideal for long lasting furniture solutions. Additionally, industry players are rapidly adopting these coatings to improve quality factor, aesthetics & protection characteristics to gain unique selling point in market and broaden consumer base, thereby boosting the pretreatment coatings market.
“As per industry forecasts, pretreatment coatings for general industry is likely to witness growth with CAGR of over 3.5% through 2026 owing to rising demand for long lasting and aesthetically pleasing furniture products”.
Easy availability of zinc & aluminium and rapid industrialization in Asia Pacific to accelerate the market demand
Rising urbanization trends, abundance of zinc & aluminium ores, and rapid adoption of high-quality materials to compete globally are likely to boost the pretreatment coatings market. Zinc & aluminium alloy coatings are widely used in various industries to improve safety features, enhance aesthetics, and increase performance characteristics under demanding situations.
Global industry players are rapidly investing in Asia Pacific to take advantage of easy raw material processing, skilled labor, and supportive business policies which is likely to boost market demand. These coatings have also started to in acceptance in aviation industry owing to its high performance and reliability characteristics which should stimulate regional pretreatment coatings market demand.
“As per industry forecasts, Asia Pacific is poised to grow at a steady CAGR of over 5.5% through 2026 owing to increasing investment in automotive and aerospace industries along with abundance of raw materials”.
Industry players are rapidly expanding production facilities and introducing new products to capitalize on growing concerns towards safety and performance characteristics. They are also engaged in acquisitions to further strengthen their regional presence, gain brand acceptance, and recognition. Some key players in pretreatment coatings industry include ABShot Technics, Abrasives, Kansai Paint, The Sherwin Williams Company, AkzoNobel N.V, 3M Company, Nippon Paint, Axalta Caoting Systems, BASF, Henkel AG & Co. KGaA, PPG industries, Chemetall GmbH, Barton International, Blastech, Jotun, AnCatt, Tnemec, Troy Chemical Industries, and Cym Materials S.A.
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