Global Pre-treatment Coatings Market
Posted by chetana on April 16th, 2021
Global Pre-treatment Coatings Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 6.5% through 2020 to 2027, reaching US$ XX Bn. The report has covered region wise market trends with competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
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The pre-treatment coating is the coating applied on the different materials and products before the application of powder coatings. It provides superior protection from environmental susceptibilities like acid rain, snow, moisture, and rust. Thin covering pre-treatment coating is estimated at 50% of the global market share as they have a unique metallic appearance and high covering power.
The global pre-treatment coating market is driven by the rising construction & reconstruction activities along with changing consumer perspective towards the utilization of superior materials in the construction industry. High growth in the powder coatings market and increasing demand from developing countries supported by the growth in end-use industries are likely to impel the market growth in the upcoming period. The pre-treatment coating market drivers and restraints are covered in the report by region since each region has different market dynamics.
With the stagnant growth and fewer end-use industries in urbanized economies, strict guidelines on chromate-based pre-treatment coating may hamper the market growth at a global level. The growing demand for pre-treatment coating in emerging economies are creating beneficial opportunities in the market growth in the coming years. Unstable economic cycle and increasing environmental concerns over metal finishing are the key challenges for pre-treatment coatings the market growth in the near future.
The MMR report covers the segments in the Pre-treatment Coatings market such as Product, application, End-use Industry, and region.
Based on end use, the aerospace sector is expected to grow at a CAGR of 5% over the forecast period. Pretreatment coatings are broadly utilized in the manufacturing of high-performance precision parts, which is improving the working life of planes along with reducing maintenance costs that are likely to boost the segment growth in the market. Key players in North America are investing in R&D to capitalize on developing trends in the market by introducing advanced products specifically designed for aerospace applications that are expected to drive the market demand.
Global Pre-treatment Coatings Market1
Geographically, the Pre-treatment Coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of value and volume, Asia-Pacific held the largest market share of xx% in 2019 and is expected to reach US$ xx Mn by the end of 2027, with a CAGR of xx%. The growing domestic demand, increasing disposable income, and easy availability of resources are impelling the market growth in Asia-Pacific. The growth in the aerospace industry due to increasing FDI investment in developing economies like Indonesia, China, Japan, Taiwan, and Malaysia has a positive impact on the market growth in the Asia Pacific.
Europe held second largest market share of xx% in 2019 and is expected to grow at a CAGR of xx% during the forecast period. Strict government guidelines for reducing air pollution will be increasing the demand for chrome-free pretreatment coatings in Europe. France and Germany are the leading revenue contributors to the regional market growth. Increasing vehicle production along with the rising need to exchange old vehicles have positive impact on the market growth in Europe.
The Latin American market is projected to grow at a significant rate of xx% over the forecast period thanks to the growing demand from the automotive and construction industries in economies like Brazil and Argentina. Among these, Brazil has emerged as a key market for pre-treatment coating manufacturers.
The Middle East & Africa is projected to show a substantial growth rate of xx% in the forecast period owing to the increasing construction activities in the region.
The objective of the report is to present a comprehensive analysis of the global Pre-treatment Coatings market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global Pre-treatment Coatings market dynamics, structure by analyzing the market segments and project the global Pre-treatment Coatings market size. Clear representation of competitive analysis of key players by application, price, financial position, Product portfolio, growth strategies, and regional presence in the global Pre-treatment Coatings market make the report investor’s guide.
Global Pre-treatment Coatings Market, by Product:
• Pre-Paint Conversion Coatings
• Alloys and Die Castings
• Asia Pacific
• The Sherwin-Williams Company
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About the Authorchetana
Joined: February 27th, 2020
Articles Posted: 152
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