Coating Pretreatment Market Overview:
Market Research Future (MRFR) has conducted thorough research into the global pretreatments market. MRFR’s report estimates the market to value USD 4.2 billion by 2023 with a robust CAGR of 6.3% from 2018 to 2023. The report contains insights into factors affecting the growth of the market and comprehensively analyzes various aspects of the market for accuracy.
The demand for dry finishing processes such as powder coatings is on the rise which has invariably also grown the demand for coating pretreatment. Market reports connected with the chemicals and materials industry have been made accessible by Market Research Future who publishes reports on other sectors that have been currently published along with a report on this industry. The market is set to expand positively due to an optimistic CAGR in the forecast period.
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The need to preserve the durability of the product and improve its quality is among the key factors fuelling the development of the market for coating pretreatment. The expansions witnessed in industries such as construction, automotive, electronics, aerospace, and furniture are expected to bolster the demand for coating pretreatment as well. As Pretreatment improves appearance, paint adhesion and offers corrosion protection they are being greatly demanded in the automotive sector.
Latest Industry News:
Axalta has recently announced its acquisition of a state-of-the-art facility for manufacturing and distribution in Sacremento, California. The facility is 150,000 square feet and can produce more than 15 million gallons. The facility will be used for its Industrial Coatings.
The Dow Chemical Company has officially opened its coating materials plant in the Cheng Mei Petrochemical Zone near Chengdu, China. The plant will produce products that address the needs of the architectural and industrial coating markets.
Coating Pretreatment Market Competitive Analysis:
The changes seen in terms of strategy execution and creation are varying the expansion pace of the market. The shortfalls in the market are filled due to the implementation of suitable supply chain strategies. Besides, the development of new products and services will add additional impetus to the market expansion. The background for growth plans has equipped the market for potential new entrants. The progress in the products and services is the foremost factor growing the market’s productivity and controlling the trends that are acquiring standing in the market. The critical success factors and players’ tendencies are gradually escalating by the strategies being used by market contenders.
The noteworthy contenders operating in the global coating pretreatment market are PPG Industries, Inc. (US), Henkel AG & Co., KGaA (Germany), Chemetall GmbH (Germany), Axalta Coating Systems, LLC (US),Nippon Paint Co., Ltd (Japan), Troy Chemical Industries (US), the Sherwin-Williams Company (US), Akzo Nobel NV (Netherlands), 3M (US), Kansai Paint Co., Ltd (Japan), BARTON International (US), and Abrasives Inc. (US).
Coating Pretreatment Market Segmental Analysis:
The global coating pretreatment market has been segmented by application, metal substrate, type, and region. On the basis of type, the market for coating pretreatment has been segmented into chromate, zinc phosphate, iron phosphate, iron phosphate, and blast clean. On the basis of metal substrate, the market has been segmented into aluminum, galvanized sheets, and die casting materials. On the basis of application, the market has been segmented into construction, aerospace, consumer appliances, automotive, electronics, furniture, and others
Coating Pretreatment Market Regional Analysis:
The Asia Pacific represents the largest global market share. This is attributable to the local demand which is fuelled by emerging economies. Emerging economies are seeing growth due to rapid improvement of economic conditions and rising disposable incomes. New constructions, increasing sales of automobiles and expansion of the aerospace sector in various parts of APAC is set to motivate significant growth in this region during the forecast period. China is one of the largest consumers and producers of coating pretreatment.
Europe and North American possess the second and third largest shares respectively. Robust growth is expected for these regions due to the ongoing implementation of coating pretreatment in new constructions. These regions, particularly North America has high sales and demand for automobiles which further fuels growth. Industrial applications for aerospace expansion in these regions will fuel growth during the forecast period.
Coating Pretreatment Market Table of Content to be Continue…….,
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