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Trends of Pretreatment Coatings Market Reviewed for 2020 with Industry Outlook to 2026

Author : Ravi Chawat | Published Date : 2020-11-04 

Growing adoption of corrosion preventing materials in automotive, aerospace, building & construction and metal packaging sector will fuel the pretreatment coatings market demand in the coming years. Expansion of automotive industry along with increasing investment by automotive manufacturers to design low maintenance vehicles may fuel product proliferation.

With changing lifestyles and increased urbanization, more people travel for work, leisure or for medical purposes today. In 2013, global airline passenger traffic was 5.89 Revenue Passenger Kilometers (RPKs) billion. Additionally, reports estimate that the global RPK is likely to reach 15.53 billion by the end of the year 2033 showcasing an annual growth rate of 5% over the period.

With an aim to increase revenue-scale, airlines today are offering partnerships and alliances such as Frequent Flyer Programs, annual subscriptions to avail premium services and onboard duty-free sales.  India and China are likely to register highest demand for new aircraft with 37% by the year 2033 owing to the surging economic growth in the countries.

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Governments and the respective airport authorities in ASEAN countries are aiming at extending their aviation infrastructure in order to improve trade relations and enhance tourism. APAC will certainly witness tremendous demand for chemical and metal products, driving the consumption of pretreatment coatings market.

Anti-corrosion coatings are used to protect metal surfaces and restrict the contact between corrosive materials or chemical compounds. In the year 2015, anti-corrosion pretreatment coatings market size had reached over USD 3 billion. They help in protecting the metals against degradation caused due to moisture, salt spray, oxidation or exposure to several environmental or industrial chemicals.

However, stringent measures undertaken by the government with respect to the VOC content may affect the industry landscape. With respect to application spectrum, the coatings are witnessing widespread application across aluminum products, expected to register gains of more than 4.5% up to 2024. It is combined with the strip cleaning process and coating process. 

Aluminum is widely used in architectural, transportation and food packaging applications. Changing lifestyles and enhanced purchasing power is steering innovations in the food and beverage industry, increasing the dependency on packaged food items. Aluminum is known to endure natural oxidation and develop a thin aluminum oxide layer on its surface.

Precoating treatment manufacturers are investing in new product development to cater to growing demand from various end-use sectors. High product penetration in general manufacturing sector due to high performance and long lasting characteristics is likely to accelerate industry expansion. Estimates suggest that pretreatment coatings market size will exceed USD 15.5 billion in terms of annual valuation by 2026.

Browse More News:

https://www.prnewswire.com/news-releases/powder-coating-market-to-exceed-usd-17-bn-by-2025-global-market-insights-inc-300940763.html

https://www.globenewswire.com/news-release/2018/11/08/1647665/0/en/Chitosan-Market-worth-over-5bn-by-2024-Global-Market-Insights-Inc.html

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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