Press release
Pretreatment Coatings Market to reach $15bn by 2024
China pretreatment coatings market size may generate over USD 2.1 billion business by 2024. Aerospace industry growth owing to rising air travel demand due to reduced air fares should fuel regional growth. Favorable government regulations to upscale manufacturing business will drive product demand.
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Cleaners market size should generate over 4% growth. Acid, alkaline and solvent cleaners are used in metal finishing industry. Cleaners contain surfactants which lowers surface tension and is crucial in processes such as machining, bending, spinning and stamping.
Pretreatment coatings market size from general industry should generate over USD 4.1 billion business by 2024. Agricultural vehicles, appliances, HVAC, office furniture, manufacturing, and architectural aluminum are part of general industry which uses iron & zinc phosphate coatings.
Global pretreatment coatings market size from metal applications may generate over 4.5% gains. It depends upon finished products end-use requirements from cleansing operation to sophisticated pretreatment process on metal surface. Insufficient coating on metal surface may lead to rust or oxidation outbreak after the treatment process.
Rising environmental concerns owing to toxicity issues related with metal finishing may hinder industry growth. Chromate coatings are considered harmful and toxic, thereby obstructing product usage. Stringent regulations by REACH, OSHA, and EPA should stimulate product demand. Zirconium oxide based chromate free coatings are not regulated as hazardous metal in Europe and North America.
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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 nd 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.
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.
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