Pune, India -- (SBWire) -- 08/14/2018 --Market Insights
Coating Pretreatments have become an essential component for powder coatings. Using Coating Pretreatment provides a high-quality finish and long life of the coating to metal surfaces. The rapidly growing demand for automobiles is a crucial factor influencing the growth of this market. These coatings are steadily seeing use in a wide range of applications. This is primarily due to Coating Pretreatment's capability to protect against corrosion and promote a long shelf life of the product being coated. Additionally, use of these coatings allows for long-term cost efficiency in the maintenance of the product.
Market Research Future (MRFR) has conducted thorough research into the Global Pretreatments Market. MRFR's report estimates the market to value USD 4.2 billion by 2022 with a robust CAGR of 6.3% from 2016 to 2022. The report contains insights into factors affecting the growth of the market and comprehensively analyzes various aspects of the market for accuracy.
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Increasing expenditure on infrastructure is boosting construction activities which have been encouraging market growth for Coating Pretreatments. Additionally, the ongoing growth of various end-use industries has raised the demand for Coating Pretreatments. Stringent government regulations regarding environmental standards are likely to limit growth as chrome toxicity is a concern. However, the development of eco-friendly, chromate-free options is expected to drive renewed growth in the coming years.
Latest Industry News
Axalta has recently announced its acquisition of a state-of-the-art facility for manufacturing and distribution in Sacremento, California. The facility is 150,000 square feet and can produce more than 15 million gallons. The facility will be used for its Industrial Coatings.
The Dow Chemical Company has officially opened its coating materials plant in the Cheng Mei Petrochemical Zone near Chengdu, China. The plant will produce products that address the needs of the Architectural and Industrial Coating Markets.
Market Segmentation
The Global Coatings Pretreatment Market has been segmented into Product Type, Application and Region.
By Product Type, the market has been segmented into phosphate, chromate, blast clean and others. Chromate segment is expected to reduce due to environmental concerns. However, other segments are expected to flourish.
By Application, the market has been segmented into consumer appliances, automotive & transportation, construction, and others. Of these, consumer appliances are expected to be the largest market segment during the forecast period.
By Region, the market has been segmented into North America, Europe, Asia-Pacific (APAC) and the Rest of the World (RoW).
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Regional Analysis
The Asia Pacific represents the largest global market share. This is attributable to the local demand which is fuelled by emerging economies. Emerging economies are seeing growth due to rapid improvement of economic conditions and rising disposable incomes. New constructions, increasing sales of automobiles and expansion of the aerospace sector in various parts of APAC is set to motivate significant growth in this region during the forecast period. China is one of the largest consumers and producers of Coating Pretreatment.
Europe and North American possess the second and third largest shares respectively. Robust growth is expected for these regions due to the ongoing implementation of Coating Pretreatment in new constructions. These regions, particularly North America has high sales and demand for automobiles which further fuels growth. Industrial applications for aerospace expansion in these regions will fuel growth during the forecast period.
Key Players
Prominent players that contribute to the competitive landscape have been studied in MRFR's report to provide a deeper understanding of market strategies used and opportunities present in the market. Market leaders featured in the report are Chemetall GmbH, 3M Company, Kansai Paint, Nippon Paint, PPG Industries, Henkel, Axalta Coating Systems, Akzonobel, Sherwin-Willians Company and Nihon Parkerizing Co. Ltd.
Coating Pretreatment Market Insights 2018 : Global Industry Analysis, Size, Share, Growth, Trends and Forecasts 2018 - 2022
Coating Pretreatment Market Research Report, By Product Type (Phosphate, Chromate, Blast Clean and Others), By Application (Consumer Appliances, Automotive & Transportation, Construction and others) - Forecast To 2022