Acumen Research and Consulting estimates that global Pretreatment Coatings market is expected to reach the market value of around US$ 5 Bn by 2027 and is anticipated to grow at a CAGR of around 5.3% in terms of revenue during the forecast period 2020 – 2027.
Pretreatment coatings are commonly used with zinc, aluminum, silver, and copper alloys. This forms a crucial precursor stage for powder coating and provides an outstanding advent along with increased metal surface shelf life. Easy home loans, in turn grows the demand for new homes, have low interest rates for the key potential of covering pretreatment in building & design applications.
The report provides analysis of global Pretreatment Coatings market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
The market for pretreatment coating is driving due to their capacity to deliver product longevity by shielding their components from corrosion. Besides, the growing demand from many end user industries such as construction, automobile, furniture, aero and electronic goods also is major market driver. The advantages of pretreatments coating such as durability and protection against corrosion promote market growth. In addition, the rapid growth of residential and commercial and infrastructure construction around the world and the increased demand for powder coating are factors which drive the growth of the market for pretreatment coatings. But due to toxicity problems in metal finishing and environment issues may reduce the industry's growth. The growing need in vehicle parts for pretreatment includes engine components and fuel tanks are expected to create lucrative prospects for business growth during the forecast period. The growth in the aerospace industry is also attributed to the rise in market demand for air travel and the increased availability of the income of customers. Metals are commonly used to manufacture aircraft and have development on the pretreatment market for coatings.
Asia Pacific held largest share of the global pretreatment coating markets owing to its rapid growth in commercial and residential construction and infrastructural development. The growing demand for pretreatment coating is expected to accelerate market growth in Asia Pacific during the projected timeframe. On the other hand, Europe will be the second biggest region in this market due to the involvement of major car suppliers in Germany. Besides, throughout North America the presence of leading end-user sectors such as manufacturing, vehicles, and aerospace is greatly involved in the pre-treatment coating industry. Moreover, it is estimated that Middle East & Africa will witness substantial growth as a center for development.
The market research study on “Pretreatment Coatings Market (Pretreatment Coatings Market By Type: Chromate, Blast Clean, Free from Chromate, Phosphate; Pretreatment Coatings Market By Metal: Steel, Aluminum; Pretreatment Coatings Market By Application: Construction and Building, Transport and Automotive, Appliances) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Pretreatment Coatings market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Pretreatment Coatings market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Pretreatment Coatings market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Pretreatment Coatings market is segmented as below:
Pretreatment Coatings Market By Type
Free from Chromate
Pretreatment Coatings Market By Metal
Pretreatment Coatings Market By Application
Construction and Building
Transport and Automotive
Pretreatment Coatings Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such PPG Industries, Sherwin-Williams Company, 3M Company, Chemetall GmbH, Akzonobel, Henkel, Nippon Paint, Kansai Paint, Nihon Parkerizing, and Others.
Industry players are moving rapidly to introduce targeted solutions for the industry to create a trusted and unique brand. Furthermore, rapid R&D investment and the decrease in the use of heavy metals increase market competition as industry participants move to strategic measures in a stronger field.
The market value of pretreatment coatings is anticipated to be around US$ 5 Bn in 2027.
It is anticipated to grow around 5.3% CAGR amid the forecast period 2020-2027
Growth in the aerospace industry is a key driver of the market.
The key players operating in pretreatment coatings market such as PPG Industries, Sherwin-Williams Company, 3M Company, Chemetall GmbH, Akzonobel, Henkel, Nippon Paint, Kansai Paint, Nihon Parkerizing, and Others.
Asia Pacific held maximum share in 2019.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Increasing environmental concern associated with metal finishing.