Press release
Pretreatment coatings market to see 5% CAGR over 2020-2026 | Henkel AG, KGaA, PPG Industries, AkzoNobel, Blastech, Jotun, Hempel A/S, BASF
Pretreatment Coatings Market
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Reportedly, in 2018, the global automobile production was recorded at over 95 million and is expected to surpass 135 million by the end of 2024, registering gains of 4%. Metal is a crucial element used in the production of automotive since it provides overall vehicular structural strength. It is used in major vehicle components such as engine parts, shock absorbers, and fuel tanks. Moreover, the total steel requirement in the automotive industry was nearly 120,000 tons.
How will the rise in airline passenger traffic influence pretreatment coatings market size?
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.
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 coatings.
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Will growing demand for aluminum propel pretreatment coatings market forecast?
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 pretreatment coatings market 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.
Major key players in the pretreatment coatings market are Henkel AG & Co. KGaA, PPG Industries, Chemetall GmbH, Nihon Parkerizing Co. Ltd., AkzoNobel N.V., M Company, Nippon Paint Co. Ltd., Axalta Coating Systems LLC, The Sherwin-Williams Company, Kansai Paint Co. Ltd., Abrasives, Inc., ABShot Tecnics, S.L., Barton International, Blastech, Crystal Mark, Inc., Cym Materiales S.A., GMA Garnet Pty. Ltd., Avudai Surface Treatments Pvt. Ltd., Troy Chemical Industries, Inc., Jotun, Hempel A/S, BASF, Altech Anodizing Ltd., Chugoku Marine Paints (CMP), Tnemec, AnCatt, Plasma Coating Products, NEI Corporation.
Browse More News;
https://www.benzinga.com/pressreleases/20/03/n15565083/the-intumescent-coatings-market-is-anticipated-to-cross-1-3-billion-by-2026-says-global-market-ins
https://www.globenewswire.com/news-release/2018/09/06/1566224/0/en/Industrial-Liquid-Coatings-Market-to-surpass-70bn-by-2025-Global-Market-Insights-Inc.html
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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.
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