May 19, 2020
As per the report titled ‘Pretreatment Coatings Market Size By Product , By End-Use, By Application, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2015 - 2026’, available with Market Study Report LLC, global pretreatment coatings market is expected to register appreciable growth rate through 2026.
Surging demand from various end-user industries, especially automotive sector, along with various product benefits such as high corrosion resistance, blister resistance, and superior adhesiveness are driving the growth of global pretreatment coatings market.
Based on the product type, iron phosphate based pre-paint conversion coatings segment is anticipated to record escalated demand owing to its high performance and durable nature. Whereas, zinc phosphate segment is expected to a see sizeable growth over the forecast timeline, due to rising demand for zinc coatings on account of their excellent thermal stability and high-performance characteristics.
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Chromate free segment is experiencing a decent growth due to stringent government regulations and increasing sustainability measures. Superior adhesion property and improved aesthetic quality is stimulating the demand for blast media.
Elaborating on the end-use spectrum, military segment is slated to accrue commendable gains in the coming future. Inflowing government investments for strengthening military forces in tandem with escalating demand for high performance solutions are supporting the segment growth.
Speaking of the application scope, metal segment is predicted to see modest gains during the study period. Easy availability and high-performance characteristics, along with high production of metal for use across various industries is fostering the demand for pretreatment coatings.
As per the regional analysis, Latin America pretreatment coatings market is projected to expand at 5% CAGR throughout the forecast duration, owing to rising urbanization and growing aviation industry in the region.
Middle East & Africa pretreatment coatings market is slated to register 5% CAGR through 2026, on account of surge in demand for high performance and low maintenance automobiles in the region.
Key players operating in global pretreatment coatings market are PPG Industries, Henkel AG & Co. KGaA, Chemetall GmbH, AkzoNobel N.V., Nihon Parkerizing Co., Ltd., 3M Company, Axalta Coating Systems LLC, Nippon Paint Co., Ltd., The Sherwin-Williams Company, Abrasives, Inc., Kansai Paint Co., Ltd., Barton International, ABShot Tecnics, S.L., and Blastech among others.