Coating Pretreatment Market, Business Trends, Global Segments, Business Opportunities, Industry Profit Growth and Forecast to 2023
Research Reports
Dec 29, 2020
Market Analysis
The global coating pretreatment market is predicted to have a favorable growth at a healthy CAGR over the forecast period (2018-2023), states the latest Market Research Future (MRFR) report. Coating pretreatment, simply put, is a process to clean, rinse, and dry metal surfaces prior to applying powder coatings. It provides durability by preventing metals against rusting and exterior weathering.
Various factors are propelling the coating pretreatment market growth. Some of these factors according to the Market Research Future report, include burgeoning demand for powder coatings, rise in automobile sales, extensive applications in different end user industries such as agricultural equipment, industrial and household appliances, electronics, furniture, and automobiles, and increasing investments in construction activities both residential and commercial. Additional factors pushing market growth include growing aerospace industry, changing lifestyles, which has augmented sales of consumer goods, and high disposable income.
On the contrary, increasing environmental concerns associated with metal finishing may deter the coating pretreatment market growth over the forecast period.
Market Segmentation
The MRFR report offers a wide segmental analysis of the coating pretreatment market on the basis of type, metal substrate, and application.
Based on type, the coating pretreatment market is segmented into blast clean, iron phosphate, zinc phosphate, and chromate.
Based on metal substrate, the coating pretreatment market is segmented into aluminum, die casting materials, and galvanized sheets.
Based on application, the coating pretreatment market is segmented into furniture, electronics, automotive, consumer appliances, aerospace, construction, and others. Of these, the aerospace industry will have the largest share in the industry over the forecast period. This is owing to rising demand for air travel on account of reduced airfares, increasing disposable income, huge backlogs for novel aircraft manufacturing, and rising jet sector. Metals such as titanium, steel, and aluminum are widely used for manufacturing airplanes that are favoring the coating pretreatment market.
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Regional Analysis
Based on the region, the coating pretreatment market report covers the latest trends and growth opportunities across the Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Of these, the APAC region will command the market over the forecast period. This is owing to rapid urbanization and industrialization, and extensive infrastructure growth. Japan, India, as well as China are the leading contributors in this region owing to the growing consumer appliances market.
The coating pretreatment market in Europe is predicted to have the second-largest share in the market over the forecast period. This is due to the large-scale manufacture as well as the export of auto parts by manufacturers present in the region, especially in Western Europe. Moreover, the growing construction industry in this region is also boosting the market growth.
The coating pretreatment market in North America is predicted to have a healthy growth over the forecast period. This is owing to the growing demand from key end use industries, including aerospace, automotive, and construction. The US is the key contributor in this region owing to the presence of foremost military powers that have led to the aerospace industry’s expansion.
The coating pretreatment market in Latin America is predicted to have a noteworthy growth over the forecast period. This is owing to its burgeoning demand from the automotive and construction industries in Chile, Argentina, and Brazil.
The coating pretreatment market in the Middle East and Africa is predicted to have substantial growth over the forecast period.
Key Players
Leading players profiled in the coating pretreatment market report include Abrasives Inc. (US), BARTON International (US), Kansai Paint Co., Ltd (Japan), 3M (US), Akzo Nobel NV (Netherlands), The Sherwin-Williams Company (US), Troy Chemical Industries (US), Nippon Paint Co., Ltd (Japan), LLC (US), Axalta Coating Systems, Chemetall GmbH (Germany), Henkel AG & Co., KGaA (Germany), and PPG Industries, Inc. (US), among others. Key players have used numerous strategies to create a foothold in the market such as partnerships, collaboration, expansions, mergers and acquisitions, product launch and product innovation, and research and development activities.
December 2018: PPG, a leading coating, specialty materials, and paints supplier in Pittsburg has acquired NAWCAD (Naval Air Warfare Center’s Aircraft Division) for a TCP (trivalent chromium pre-treatment) coating.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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