The global coating pretreatment market size is estimated to reach USD 3.83 billion by 2021, registering a CAGR of 5.76% between 2016 and 2021
High growth in end-use industries, growth in the powder coating market, and increasing demand from developing countries are fueling the overall demand of coating pretreatment in the next five years.
Globally, appliances is the fastest-growing application of coating pretreatment, both in terms of volume and value. The demand for coating pretreatment used in the appliances industry has changed significantly over the last decade. The product started to be used in refrigerators, and then its use further moved on to pressure cookers, washing machines, microwaves, tumble dryers, and others.
Consumer goods and appliances is another important application for coating pretreatment market. The appliances industry benefits from the use of coating pretreatment in steel applications that require the combination of appearance and resistance to abrasion and chemicals.
The appliances industry uses pretreated steel on front and side panels of refrigerators, dryer drums, air-conditioner cabinets, washer tops & lids, water heaters, dishwasher racks, freezer cabinets, and cracks of microwave ovens. For some applications, pre-coated blank stock is coated and then post-formed in the desired shape.
Asia-Pacific is the largest and fastest-growing market for coating pretreatment, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, increasing demand from end-use industries, and a global shift in production capacity from the developed markets to the emerging markets are major factors leading to the growth of coating pretreatment market in this region.
Companies profiled in the report:
- AkzoNobel N.V. (Netherlands)
- Axalta Coating Systems (U.S.)
- Chemetall GmbH (Germany)
- The Sherwin-Williams Company (U.S.)
- Henkel AG & Co., KGgA (Germany)
- PPG Industries (U.S.)
- Nihon Parkerizing Co., Ltd. (Japan)
- Nippon Paint Company (Japan)
- Kansai Paint Company (Japan)
- 3M Company (U.S.)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Patent Details
8 Coating Pretreatment Market, By Type
9 Coating Pretreatment Market, By Metal Substrate
10 Coating Pretreatment Market, By Application
11 Coating Pretreatment Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information visit http://www.researchandmarkets.com/research/3rmbzd/coating
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-coating-pretreatment-market-2016-2021---market-size-is-estimated-to-reach-usd-383-billion---research-and-markets-300302182.html
SOURCE Research and Markets