New York, U.S., June 20, 2022 (GLOBE NEWSWIRE) — Coating Pretreatment Market Overview
According to a comprehensive research report by Market Research Future (MRFR), “Coatings Pretreatment Market Information by Type, End Use, Metal Substrate and Region – Forecast to 2030“, the market is expected to grow at a CAGR of 5.30% to reach USD 5,484.66 million by 2030.
Coatings sprayed on metals, alloys and other materials and products are pre-treatment coatings. Pretreatment coatings enhance the visual appeal of the product while extending its shelf life. Pre-treatment coatings are applied to base materials to provide anti-corrosion, anti-rust qualities and better film adhesion. Pre-treatment coatings also create attractive finishes, are durable and extend the life of the substrate.
Due to their wide range of applications in construction and agricultural equipment, consumer electronics, automotive parts and accessories, and other finished articles, pretreatment coatings are in high demand. Pretreatment coatings have become increasingly popular on metals such as steel, copper, zinc alloys, aluminum and galvanized steel due to their importance as a pioneering step for coatings powder coatings, which provide a superior finish and extend the shelf life of the coating on the metal surface.
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|Market size 2030||2030: $5,484.66 million|
|Forecast units||Value (USD million)|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Segments Covered||By type, end use, metal substrate and region|
|Geographical areas covered||North America, Europe, Asia-Pacific and Rest of the World (RoW)|
|Key Market Drivers||Increase in demand for products in the automotive industry|
|Advancements in the automotive and heavy-duty industries to meet today’s demands|
Market Competitive Landscape:
The well-known players in the coating pretreatment market are:
- 3M (USA)
- Vanchem Performance Chemicals (Canada)
- The Sherwin-Williams Company (USA)
- Akzo Nobel NV (Netherlands),
- PPG Industries Inc. (USA)
- Nippon Paint Holdings Co., Ltd. (Japan)
- Henkel AG & Co. KGaA (Germany)
- Axalta Coating Systems Ltd (USA)
- Troy Chemical Industries (USA)
- BASF SE (Germany)
Covered USP market:
The automotive industry’s growing demand for pre-treating coatings is still in its infancy. Automobile sales are also expanding, which benefits the market. Another key reason for the growth of the global market is the increasing use of powder coating in many end-use sectors such as construction and aerospace. Players in the global coatings pretreatment market could benefit from the shifts of various manufacturers towards green and environment-friendly coatings. Furthermore, the market is propelled by strong growth in end-user sectors such as aeronautics and electronics, particularly in emerging countries.
Pre-treatment coatings have no negative effect on the original paint. It has several advantages, including better adhesion between the metal substrate and the paint and protection against corrosion under the paint. Advancements in the automotive and heavy-duty industries have led to the creation of creative and safe parts for use in automobiles to meet current and future consumer needs.
During the assessment period, stringent regulations on pre-treatment techniques for chromate-based coatings are likely to stifle the growth of the global market. Government organizations are passing stricter laws regulating emissions and levels of VOCs in coatings due to growing concerns about ozone layer depletion, increased pollution and declining air quality. outdoor air. Potential regulatory changes impact the coatings pretreatment industry as they create ambiguity throughout the value chain.
Chromium toxicity is a big problem because it can have negative environmental consequences. Nonetheless, continuous attempts by industry players to produce environmentally friendly coatings are expected to shape the future of the market. Phosphate rock mining pollutes the air, pollutes groundwater and destroys essential wildlife habitats. Surface mining of phosphate rock has a significant environmental impact, irreversibly changing the landscape and market growth.
Browse the In-Depth (100 Pages) Coatings Pretreatment Market Research Report https://www.marketresearchfuture.com/reports/coating-pretreatment-market-1771
COVID 19 analysis
Cities have been closed, border restrictions have been imposed and transport networks have been disrupted due to the spread of COVID-19 in all regions. Additionally, to prevent the spread of COVID-19, many market players in the coatings pretreatment sector have had to shut down manufacturing plants or operate them at less than optimal capacity. This has led to major production disruptions and trade restrictions, which have hurt the supply of phosphate to the market.
However, as fertilizer is one of the critical applications of phosphate, the global phosphate market had no significant effect. In the pretreatment of coatings for the automotive industry, iron and zinc phosphates are essential. As these businesses are considered essential services, several larger players have maintained operations at their manufacturing plants while implementing preventative measures such as remote working, social distancing and travel limits.
It is estimated that the chrome-free segment will create a lead over the overall segment in the coming period.
By end use
The aluminum segment is expected to gain momentum as the top segment in the forecast period.
By metal substrate
Construction and automotive segments are estimated to gain the top spot during the forecast period.
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During the study period, North America is expected to have the highest CAGR. The increase in construction investment in North America can be attributed to increased government initiatives to upgrade infrastructure and develop energy-efficient housing, which has led to increased construction activity in the region. Sustainable construction projects in the region are expected to be boosted by the increase in green building construction in the United States and Canada and growing consumer awareness of building energy efficiency and improving building quality. indoor air.
Due to increasing urbanization, the Asia-Pacific region is likely to witness an increase in construction investment during the forecast period. During the projected period, the rapid growth of the industrial sector in major emerging economies in the Asia-Pacific region is expected to propel the demand for various types of steel and aluminum products, including coating pretreatment. The steady rate of industrial and economic growth and increased investment in rebuilding and renovating old structures can be attributed to increased construction spending in Europe.
Germany and France will be two of the main revenue contributors in Europe. Pre-treatment coatings are becoming increasingly popular as vehicle manufacturing increases and demand for replacement vehicles increases. Brazil is expected to be a hotbed of growth in Latin America throughout the projected period. Its proximity to the United States is a key element in encouraging the establishment of manufacturing centers in the country.
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