New York, NY, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Coating Pretreatment Market by Type (Free from Chromate, Phosphate, Chromate, and Blast Clean), by Metal Substrate (Aluminum and Steel), and by Application (Transport and Automotive, Construction and Building, and Appliances): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, global coating pretreatment market was valued at USD 3.06 billion in 2017 and is expected to reach USD 4.61 billion in 2024, growing at a CAGR of 6% between 2018 and 2024.
Conversion coatings modify the element nature of the surface, which amplifies corrosion confrontation. It helps in growing surface area and altering the surface chemistry thus providing a base for creating the substrate substance for paint finishes.
Browse through 81 Tables & 33 Figures spread over 110 Pages and in-depth TOC on “Global Coating Pretreatment Market: Industry Size, Share, Segments, Analysis and Forecast, 2016 – 2024”.
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The market is driven by various factors such as increasing demand from developing countries supported by the growth in end-use industries and high growth in the powder coatings market is expected to drive the coating pretreatment market over the forecast period. However, stagnant growth in developed countries and stringent regulations on chromate-based coating pretreatments are expected to impede the demand of the coating pretreatment market. Nevertheless, the high growth rate in emerging economies is creating major opportunities for the global coating pretreatment market during the projected years.
The coating pretreatment market is fragmented into type, a metal substrate, application, and region. In terms of type, the market is categorized into the phosphate, blast clean, chromate, and free from chromate. Free from chromate segment held the largest market share in 2017. Free from chromate has characteristics such as it is environment-friendly, reduces pollution, and is anticipated to enhance market growth during the projected years. Free from chromate is the fastest-growing market segment than all other types of coating pretreatment in North America and Europe. It is also used for the pretreatment of light alloys and aluminum. Stringent government regulations in Europe and North America, specifically for reducing air pollution are anticipated to trigger the adoption of the new and low-pollution technologies. In terms of application, the coating pretreatment market is segmented into transport and automotive, construction and building, and appliances. Appliances accounted for the largest market share in 2017. It is anticipated to be the dominating segment in the near future.
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The Asia Pacific accounted for the largest market share in 2017 for the construction composites followed by Europe and North America. The developing construction and infrastructure industry in the economies such as China, India, and Japan is increasing the demand for the coating pretreatment market in the region. Increasing disposable income coupled with improving consumer lifestyle of the middle-class population in the region are expected to fuel the demand for residential and commercial infrastructure which, in turn, are estimated to propel the demand for coating pretreatment market. The low cost of ownership and the expansion in the demand for the luxurious apartments are the factors influencing the coating pretreatment market growth in the Asia Pacific regions. Rising construction sector coupled with rapid growth in various industries in developing countries such as India, Vietnam, and Indonesia is anticipated to boost the coating pretreatment market demand within the projected years.
North America is anticipated to witness a significant growth rate over the projected time period. On account of rising renovation activities and rising demand from the construction and infrastructure industries is estimated to fuel the demand for coating pretreatment market. North America regional market is relatively mature; hence, new constructions are relatively less in this region but the renovation of infrastructures is expected to fuel the coating pretreatment market in near future.
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Europe region accounted the second largest market share for the construction composites market in 2017. Rising demand for public infrastructure and residential infrastructure is estimated to fuel the coating pretreatment market in the years to come. Government initiatives for the development of big projects in the region are expected to enhance the coating pretreatment market in the near future.
The Middle East and Africa and Latin America are anticipated as a potential market for coating pretreatment as they are comparatively less developed regions, hence opportunities for the market players are more in this region. Many industries are moving their production plants in these regions for geographical expansion thus driving the growth of the market.
Browse the full "Coating Pretreatment Market by Type (Free from Chromate, Phosphate, Chromate, and Blast Clean), by Metal Substrate (Aluminum and Steel), and by Application (Transport and Automotive, Construction and Building, and Appliances): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/coating-pretreatment-market
The key manufacturers in the global coating pretreatment market are 3M Company, Sherwin-Williams Company, Chemetall GmbH, Kansai Paint, AkzoNobel, Henkel, Nippon Paint, Nihon Parkerizing, PPG Industries, and Axalta Coating Systems.
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This report segments the coating pretreatment market as follows:
Coating Pretreatment Market: Type
- Free from Chromate
- Phosphate
- Chromate
- Blast Clean
Coating Pretreatment Market: Metal Substrate
- Aluminum
- Steel
Coating Pretreatment Market: Application Analysis
- Transport and Automotive
- Construction and Building
- Appliances
Coating Pretreatment Market: Region Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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