Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3216.5 million | USD 4460.33 million | 5.6% | 2021 |
The global coating pretreatment market was worth around USD 3216.5 million in 2021 and is estimated to grow to about USD 4460.33 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.6 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.
The process of chemically preparing various types of metal and aluminum before applying a powder-coated surface finish is known as coating pretreatment. Appropriate surface pre-treatment is critical in all powder coating applications to ensure long-term outcomes. Chemicals, moisture, and oxidation are all things that metal, and alloy components are protected from using these coatings. Coating pretreatments are used by end-users in a range of applications, including automotive, electronics, and others. It entails the rinsing, cleaning, and drying of metal surfaces preparatory to powder coating application. This treatment protects the metal from corrosion and weathering on the outside, extending its life. Pretreatment coatings are predicted to gain in popularity as a result of increased safety standards and a shift in consumer preferences.
The global coating pretreatment market is predicted to grow significantly in the future years. This is attributable to the rising demand for powder coatings in developing economies around the world. Additionally, their compatibility with a variety of preparation techniques such as sandblasting, degreasing, and water-raising makes them appropriate for a wide range of applications, which is projected to boost demand for pretreatment coatings.
The coronavirus epidemic has wreaked havoc on a variety of enterprises and industries. The market for coating pretreatment is no exception. In 2020, disruptions in the supply chain and raw material supply caused a decrease in the construction and automobile industries around the world. Furthermore, the installation of strict regulations to operate with a smaller workforce hampered production on a broad scale, affecting the coating pretreatment market significantly. However, increasing investments from public authorities and worldwide governments are expected to assist the industry in covering losses and growing in line with forecasts for the forecast period.
According to the forecasts for the period, this will propel market services and operations forward. The market is seeing the appearance of expansion factors, such as the demand for powder coatings, which is one of the primary trends that has been credited with driving up demand for market materials. Furthermore, the growing use of zirconium is increasing since it is eco-friendly and has environmental features, resulting in a global expansion of the market throughout the projected period, which ends in 2028.
The associated costs and investments are prohibitive to market growth over the projection period of 2021-2028. The current and rising market rate and pricing do not correspond to all the target audience and consumers' income brackets, so they may be hesitant, resulting in a reduction in supply.
The global coating pretreatment market is segregated based on Type, Metal Substrate, and Application.
By type, the market is classified into Phosphate, Chromate, Chromate free, and Blast clean. Because of the product's VOC-free emission qualities, demand for chromate free coatings is predicted to skyrocket in the future years. This has given many players new chances to invest in the development of chromate-free coatings. For example, in 2019, AkzoNobel and Airbus collaborated to produce a chromate-free exterior primer for the aerospace sector. The coating pretreatment industry is expected to grow at a faster rate through 2027 as a result of these improvements.
By application, the market is classified into Building & Construction, Automotive & Transportation, and Appliances. The building & construction sector is expected to drive significant growth in the coating pretreatment market. This can be attributed to the increased use of these items outside of infrastructure. Urbanization, increased disposable income, and increasing industrialization are all driving the construction industry forward in both established and developing nations around the world. Various countries, including China, Saudi Arabia, and India, are planning to refurbish and upgrade existing facilities, boosting product demand.
Asia-Pacific is estimated to have the largest market share in the global coating pretreatment market during the forecast period. Several well-known automotive businesses have made major investments in the APAC area in order to secure a prominent place in the regional market. China, the United States, and Germany are all important markets for the global market's large-scale expansion. On the domestic front, demand for market items and services has increased, which, when combined with rising income levels and easy access to resources, bodes well for the market over the forecast period, which ends in 2028.
Competitive Landscape
Some of the main competitors dominating the global coating pretreatment market include - Chemetall GmbH (Germany), AkzoNobel N.V. (Netherlands), Axalata Coating System LLC (U.S.), PPG Industries (U.S.), Henkel AG & Co. KGgA (Germany), Sherwin-Williams Company (U.S.), and Nippon Paints Co. Ltd. (Japan).
FrequentlyAsked Questions
According to the forecasts for the period, increasing demand for coating pretreatment market share will propel market services and operations forward. The market is seeing the appearance of expansion factors, such as the demand for powder coatings, which is one of the primary trends that has been credited with driving up demand for market materials. Furthermore, the growing use of zirconium is increasing since it is eco-friendly and has environmental features, resulting in a global expansion of the market throughout the projected period, which ends in 2028.
According to the Market Research report, the global coating pretreatment market was worth around USD 3216.5 million in 2021 and is estimated to grow to about USD 4460.330755 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.6 percent over the forecast period.
Asia-Pacific is estimated to have the largest market share in the global coating pretreatment market during the forecast period. Several well-known automotive businesses have made major investments in the APAC area in order to secure a prominent place in the regional market. China, the United States, and Germany are all important markets for the global market's large-scale expansion.
Some of the main competitors dominating the global coating pretreatment market include - Chemetall GmbH (Germany), AkzoNobel N.V. (Netherlands), Axalata Coating System LLC (U.S.), PPG Industries (U.S.), Henkel AG & Co. KGgA (Germany), Sherwin-Williams Company (U.S.), and Nippon Paints Co. Ltd. (Japan).
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