According to the revelations by Future Market Insights in its new research report, the global phosphate conversion coatings market is expected to reach a market value of over US$ 2,300 Mn by the end of 2028, growing at a CAGR of 4.0% during the forecast period.
There are various special properties of PPC that have helped mark its growth globally, such as better corrosion resistance, improved adhesion, superior wear resistance, and enhanced aesthetic appearance. The growth is highly evident in the automotive as well as the food and beverage industry. The food and beverage segment is expected to grow at a steady growth rate, with key application in beverage cans.
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China’s Industrial Activities to upkeep its compelling growth in the Global PCC Market
China is projected to be a major contributor to the growth of global phosphate conversion coatings market as it holds the highest market share. Zinc phosphate segment is gaining traction in the China phosphate conversion coating market. It is a result of rising manufacturing and industrial activities in the emerging economies. The region is expected to witness the fastest growth in the global market at an impressive rate of 5.2% during the forecast period. Other emerging economies are also witnessing similar trends in the PPC market.
These trends are a part of the shift in automotive and construction industry. Automotive industry remains a key sector for supplying phosphate conversion coatings. The construction industry growth is expected to lead to a rise in demand for coated steel and aluminum coils, which in turn will upsurge the demand for the phosphate conversion coatings over the forecast period.
Competitive Landscape
Leading players operating in the phosphate conversion coatings market are investing in strategic collaborations, and are focusing on development and launch of new phosphate conversion coatings. Apart from this, players are focusing on expanding their production capacities to serve more end users, in order to gain a competitive edge. For instance:
- In July 2017, Henkel Ag & Co KgaA developed Bonderite, a two-step metal pre-treatment process for bodies with high aluminium content which provides superior corrosion performance while reducing processing and investment costs. This process utilizes zinc phosphate to treat steel in first process, followed by aluminium treatment.
- In November 2017, Chemetall GmbH announced that they will introduce a new iron phosphate coating: Gardobond A4002, which has been formulated using the latest detergent technology.
Key Companies Profiled
- Henkel AG & Co. KGaA
- PPG Industries, Inc
- The Sherwin-Williams Company
- Axalta Coating Systems, LLC
- Kansai Paint Co., Ltd.
- Chemetall GmbH
- Nihon Parkerizing Co., Ltd.
- Keystone Corporation
- Freiborne Industries, Inc.
- Hubbard-Hall Inc.
- Crest Industrial Chemicals, Inc.
- Westchem Technologies Inc.
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Phosphate Conversion Coatings Markey by Category
By Product Type:
- Manganese Phosphate Conversion Coating
- Iron Phosphate Conversion Coating
- Zinc Phosphate Conversion Coating
By Substrate:
- Cast Iron
- Steel
- Others (Aluminium, Magnesium, Titanium)
By End-use Industry:
- Automotive
- Food & Beverages
- Consumer Appliances
- Others (Healthcare, Chemical/ Petrochemical, Aerospace, etc.)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South East Asia & Pacific
- China
- India
- Japan
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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