New York, NY, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Phosphate Conversion Coatings Market by Product Type (Iron Phosphate, Zinc Phosphate, and Manganese Phosphate), by Substrate (Steel, Cast Iron, and Others), and by End-User (Consumer Appliances, Food & Beverages, Automotive, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global phosphate conversion coatings market was valued at approximately USD 1,497 million in 2018 and is expected to generate around USD 2,022 million by 2025, at a CAGR of around 4.2% between 2019 and 2025.
The chemical process involving the treatment of steel surface with hardly any soluble layers of metal-phosphate on the base materials is called phosphating. Phosphate conversion coatings (PCC) are extensively used in the treatment of aluminum, zinc, and steel. Phosphate is essential in a wide range of finishing operations. There are numerous types of phosphate conversion coatings (PCC) products available in the market, such as zinc phosphate, iron phosphate, and manganese phosphate.
Browse through 55 Tables & 29 Figures spread over 110 Pages and in-depth TOC on “Global Phosphate Conversion Coatings Market: Industry Size, Share, Demand, Growth Analysis, and Forecast, 2018—2025”.
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Phosphating process extensively used in metal treatment processes, mostly for surface treatment and finishing of ferrous and non-ferrous metals, owing to its operational speed and exceptional corrosion resistance, adhesion, and wear resistance properties. The process is important in consumer appliances and automobile industries. The development of innovative methods in phosphate coating to substitute conventional ones is expected to increase the demand for this procedure in the future. Several modifications have been put forth in the development of phosphate coating due to the rapidly changing need of finishing systems, both in terms of a processing sequence and phosphate formulation. These are some factors expected to drive the global phosphate conversion coatings market growth over the forecast time period.
By product type, the global phosphate conversion coatings market is segmented into manganese phosphate, zinc phosphate, and iron phosphate. Zinc phosphate held a substantial revenue share in 2018. By substrate, the market is segmented into steel, cast iron, and others. Steel segment is predicted to grow substantially over the forecast timeframe, due to increased product application to prevent corrosion and promote adhesion of paints. The end-user segment includes consumer appliances, food and beverages, automotive, and others. The food and beverages segment held a significant market share in the year 2018, owing to the increasing demand for phosphate conversion in beverage cans. The automotive industry is expected to witness significant growth over the forecast time period, due to substantial developments in the automotive sector, which, in turn, is expected to increase the demand for phosphate conversion coatings.
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Europe held a significant revenue share of the global phosphate conversion coatings market in 2018. This can be attributed to the strong growth witnessed in the region’s food and beverage sector, which generates high demand for beverage cans. Furthermore, the steady growth of construction and automobile sectors in the region is anticipated to drive the phosphate conversion coatings market over the forecast period. EUROFER, the European Steel Association, reported in 2017, the number of new passenger car registrations in Europe grew by 3.4%. The market growth in the region was bolstered by increasing sales from Germany and France.
The North American phosphate conversion coatings market is expected to experience substantial growth over the forecast timeframe. This regional growth can be attributed to the rapidly growing automotive sector and increased product demand from the region’s food and beverage industry.
Browse the full “Phosphate Conversion Coatings Market by Product Type (Iron Phosphate, Zinc Phosphate, and Manganese Phosphate), by Substrate (Steel, Cast Iron, and Others), and by End-User (Consumer Appliances, Food & Beverages, Automotive, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/phosphate-conversion-coatings-market
The Asia Pacific region is expected to dominate the phosphate conversion coatings market in the upcoming years. This regional dominance can be mostly observed in China, Japan, and India. This growth can be attributed to the favorable government initiatives to increase regional productivity in the future, which will fuel the region’s growing automobile industry and rising manufacturing and industrial activities in the region. This, in turn, is likely to fuel the region’s phosphate conversion coatings market over the estimated timeframe.
Latin America phosphate conversion coatings market is projected to witness for lucrative growth over the forecast timeframe. The growth is attributed to the increasing middle-class population base in Latin America, the major consumers of the food and beverage and automobile industries, which is expected to increase the demand for phosphate conversion coatings in Latin America.
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Some key players operating in the global phosphate conversion coatings market include Crest Industrial Chemicals, Freiborne Industries, PPG Industries, Westchem Technologies, Axalta Coating Systems, Henkel AG & Co., Nihon Parkerizing Company, Hubbard-Hall, Chemetall, Keystone Corporation, Kansai Paint Company, and The Sherwin-Williams Company, among others.
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This report segments the global phosphate conversion coatings market into:
Global Phosphate Conversion Coatings Market: Product Type Analysis
- Iron Phosphate
- Zinc Phosphate
- Manganese Phosphate
Global Phosphate Conversion Coatings Market: Substrate Analysis
- Steel
- Cast Iron
- Others
Global Phosphate Conversion Coatings Market: End-User Analysis
- Consumer Appliances
- Food & Beverages
- Automotive
- Others
Global Phosphate Conversion Coatings Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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