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Pretreatment Coatings Market Share, Growth, Trends and Forecast, 2016-2024

Author : Ronak Bora | Published Date : 2019-05-06 

According to Global Market Insights, Inc.,” Pretreatment coatings market revenue is projected to hit USD 15 billion by 2024, growing at a CAGR of 5.5% over 2016-2024.” Surging use of conversion coatings in metals to improve corrosion resistance and organic film adhesion will stimulate Pretreatment Coatings Market. The flourishing automotive sector across countries such as Taiwan, Japan, Malaysia, India, Indonesia, and China will also unravel more profitable avenues for the business. Powder coating industry, evaluated at USD 8.5 billion in 2015, is set to surpass USD 17 billion by 2024. The growing application of powder coatings in electronics, vehicles, farming equipment, and household devices subject to its anti-corrosive features can constructively influence the business roadmap.

Pretreatment coatings find extensive applications in aluminum, zinc-aluminum alloys & die castings, and metals. Aluminum application is expected to experience significant gains of 4.5% over 2016-2024, driven by the product usage across end-use industries such as food packaging and automobiles. Pretreatment coatings industry revenue from metal applications, which produced more than USD 6.5 billion in 2015, is slated to grow enormously over the coming years.

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Considering the end-user trends, pretreatment coatings market is segmented into metal packaging, aerospace, automotive, cold forming, general industry, and coil. Pretreatment coatings market in the automotive sector, which collected a revenue of USD 2.8 billion in 2015, will record a CAGR of 4.5% over the period of 2016-2024. High consumer demand for visually appealing vehicles embedded with UV and temperature protection mechanisms will boost the business landscape. General industry end-use segment is expected to produce a revenue of more than USD 4.1 billion by 2024, growing at a rate of 5% over the coming seven years. The growth can be attributed to the extensive use of pretreatment coatings in architectural aluminum, HVAC, automobiles, office furniture, ventilation, and the manufacturing sector.

U.S. pre-paint conversion coatings market size should witness strong gains at 6% and generate over USD 850 million business by 2024. 

UK pretreatment coatings market size may witness significant gains in aluminum applications with gains at over 3.5%. It is used in food packaging, architectural and transport applications.

Brazil pretreatment coatings market size from aerospace may register over USD 85 million by 2024. Aluminum is the key manufacturing material on components and structures in aircraft mainly military and commercial, and space flight arena.

France metalworking fluids market size may generate over 2% growth. Metalworking fluids reduces or eliminate thermal deformation, localized strain, inhibit corrosion, and flush away removed material.

Japan pretreatment coatings market size from cold forming industry should register close to 25 kilo tons by 2024.

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Next generation conversion coatings based on zirconium oxide should show tremendous gains and used as an alternative to iron & zinc based products. They are easy to apply, can perform at low temperatures, saves energy and reduces water usage.

Coatings pretreatment market size from automotive industry may witness gains at over 4.5%. Increasing automobile production in China, India, Germany, Indonesia, Mexico, Japan, and South Korea along with ageing of vehicles may drive industry growth.

Global pretreatment coatings market share is consolidated. PPG Industries, Chemetall, Nippon Paints and Henkel are among key notable players. Other industrial participants include 3M Company, AkzoNobel N.V., Kansai Paint, Axalta Coating Systems, Abrasives Inc., Troy Chemicals, Cym Materials and Barton International.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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