Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3216.5 million | USD 4460.33 million | 5.6% | 2021 |
An expert conversion coating is vital for the stability of painted metal products. The method of applying an inert conversion coating to a metallic exterior involves eliminating any facade contaminants, then chemically changing the clean exterior into a non-conductive and inert conversion coating.
High growth in the powder coatings market and increasing demand from developing countries supported by the growth in end-use industries is expected to drive the global coating pretreatment market. Moreover, economic growth and rapid urbanization in developed and emerging economies are estimated to boost the coating pretreatment market. However, stagnant growth in developed countries and stringent regulations on chromate-based coating pretreatments are anticipated to impede the growth of the market. Nevertheless, high growth in emerging economies is likely to set new opportunities for the market of the global coating pretreatment in the years to come.
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. Among all the other types, free from chromate segment accounted for the largest market share in 2017. Environmental friendly nature of free from chromate has made it an alternative of chromate-based pretreatment. Thus it is anticipated that this segment will dominate in the near future. In terms of metal substrate, the market is categorized into aluminum and steel. 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 and it is also anticipated to retain its dominance in the near future.
The Asia Pacific is the largest market for the coating pretreatment market followed by Europe and North America. Increased demand and development is anticipated to be registered in the developing and developed countries such as China, Japan, Indonesia, South Korea, and India for the coating pretreatment market. The expansion in the demand for production and the low cost of ownership is likely to fuel the market growth in the Asia Pacific. Some of the other factors which are boosting the market growth in the region are the developing infrastructure industry, the rising disposable income of the middle-class population, and increasing investments for the construction and development for the big infrastructure projects in the region. The Middle East & Africa and Latin America are projected to witness significant demand in coming years owing to the growing construction industry in the region.
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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