The global market size for coating pretreatment is estimated to be USD 2.89 billion in 2016 and is projected to reach USD 3.83 billion by 2021, registering a CAGR of 5.76% between 2016 and 2021.
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The market for coating pretreatment is witnessing high growth because of growing demand for powder coatings, high growth in its end-use industries, and increasing demand from the developing countries. Coating pretreatment is largely used in automotive & transportation applications.
Asia-Pacific is the largest and the fastest-growing market for coating pretreatment, in terms of value and volume. The countries in this region such as China, South Korea, India, Indonesia, and Taiwan are witnessing a gradual increase in the use of coating pretreatment in the automotive & transportation, building & construction, and appliances applications.
China leads the coating pretreatment market in Asia-Pacific, accounting for more than 54% of the total demand. It is projected to be a potential market owing to growing economy, rapid advancement in technology, and the increasing manufacturing and application industries. China is followed by Japan, South Korea, and India, where the demand for coating pretreatment is witnessing a steady growth. India is the fastest-growing country in the Asia-Pacific region. This growth is driven by the growing demand for electronics appliances, personal & commercial vehicles, and rising building & construction activities.
Chromate-free is the fastest-growing segment of the coating pretreatment market in Asia-Pacific. This segment is gaining importance, as they provide good adhesion and also does not contain VOC, which makes them ecofriendly in nature. Their demand is very high in North America and Europe due to REACH and EPA regulations. The demand for chromate-free is also increasing due to its use in automotive & transportation and building & construction applications.
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The companies are constantly strengthening their R&D capabilities to provide cost-effective products. These products are manufactured adhering to the regulations set by various associations and governments. All these developments are expected to lead to a sustainable growth of the coating pretreatment market in the next five years. Chemetall GmbH (Germany), Henkel AG & Co. KGgA (Germany), PPG Industries (U.S.), Nihon Parkerizing Co., Ltd. (Japan), Nippon Paint Co., Ltd. (Japan), Kansai Paint Co., Ltd. (Japan), AkzoNobel N.V. (The Netherlands), The Sherwin-Williams Company (U.S.), Axalta Coating Systems LLC (U.S.), and 3M Company (U.S.) among others are the active players of the global coating pretreatment market.
