Global Phosphate Conversion Coatings Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Phosphate Conversion Coatings Market 2021 (Includes Business Impact of COVID-19)
Global Phosphate Conversion Coatings Market Size, Trends, Applications, Insights, Growth, and Industry Forecast till 2028 is a recently generated study report by Trusted Business Insights. the global phosphate conversion coatings market report focuses on the wide application of the products, end-use industries, and distribution channels. Moreover, the report includes primary and secondary driving and growth limiting factors of the market, along with ongoing trends, and opportunities for the near future. The segment-wise and region-wise markets, revenue and growth rates have been included in the report. Also, it presents detailed profiles of prominent players in the global market. The target market report has been divided on the basis of product type, substrate, end user, and region.
Request Covid - 19 Impact
The global Phosphate Conversion Coatings market size was valued at USD$836.99 billion in 2020 and is projected to reach $1262.07 billion by 2030, and is anticipated to expand at a CAGR of 4.05% over the forecast period from 2020 to 2030.


Phosphate Conversion Coatings: Overview


Phosphate coating is an essential part of various finishing operations such as absorb lubricants, enhance corrosion resistance, promote adhesion, enhance appearance, and facilitate cold forming or provide wear resistance. In the process of making phosphate conversion coatings, the observed substrate metal reacts and becomes a component of the coating.

Driving and Limiting Factors for Global Phosphate Conversion Coatings Market 

Dynamics:

Rapid industrialization in developed and developing countries and growing demand for phosphate conversion coatings from various end-use industries are major factors that are anticipated to drive the global phosphate conversion coatings market growth. Wide applicability of phosphate conversion coatings in various industry verticals, owing to its properties such as increased corrosion resistance, easy absorbing lubricants, and ability to enhance appearance is further expected to boost demand for phosphate conversion coatings to a considerable extent.

Moreover, increasing automotive production and sales across the globe, coupled with increasing adoption of phosphate conversion coatings owing to its properties such as high corrosion resistance and wear resistance is another factor expected to further support growth of the global market.

However, availability of various substitutes with similar properties is a major factor that could restrain growth of the global market.


Trends and Opportunities:


Increasing fiscal incentives by the government of developing countries for development of industrial sector and increasing investments by major companies for technological advancements and R&D activities are factors estimated to create revenue opportunities in terms of revenue for existing players in the global market over the next 10 years. In addition, increasing expansion activities by major players through strategic partnerships and agreements is a factor expected to further support growth of the target market to significant extent.
Segment Analysis:

Phosphate Conversion Coatings Market By Substrate:


Amid the segments based on substrate, the steel segment is anticipated to record significant share in terms of value in the market.


By End Use Industry:


Among the segments based on end use industry, the consumer appliances segment is anticipated to register substantial growth rate in terms of value over the 10-year period.


Region Analysis:


The market in North America (NA) is anticipated to dominate in the global market in 2019 and is projected to continue with its dominance over the next 10-year period. This can be attributed to increasing demand for the products from oil & gas sector and strong presence of major players in the countries in NA. In addition, increasing merger & acquisition activities among international players and local players and strong distribution networks or channels is a factor estimated to further support North America market growth. The phosphate conversion coatings market in Asia Pacific (APAC) is anticipated to grow at a faster rate, due to rapid industrialization, increasing automotive production and sales, and growing presence of certain prominent players in the economies including India and China in APAC. The market in Europe is estimated to contribute significant revenue share in the global market. The market in Latin America is projected to witness moderate growth rate, which is attributed to increasing presence of major manufacturers in developing countries such as Brazil and Argentina in Latin America. The MEA market is also estimated to contribute moderate revenue share in the target market, owing to high demand from oil & gas sector in the Middle East; however, slow development in Africa could limit MEA market growth.


Below are the active patents related to Phosphate Conversion Coatings Market.


Patent Number: US20140023882A1

Multi-stage anti-corrosion treatment of metal components having zinc surfaces

Abstract

The present invention relates to the field of phosphating for corrosion-protective pretreatment of zinc surfaces, being directed toward the use of largely nickel- and cobalt-free zinc phosphating solutions. The present invention makes available an alternative to trication zinc phosphating, in which the zinc surfaces of a component are firstly, before zinc phosphating, passivated with an alkaline composition containing iron(III) ions, and thereby preconditioned for a largely nickel- and cobalt-free zinc phosphating operation. In a further aspect, the invention relates to a component, in particular an automobile body, that comprises at least in part surfaces made of zinc, the zinc surfaces being covered by a two-layer system made up of a first, inner passive layer containing iron and resting on the zinc surface, and a second, outer crystalline zinc phosphate layer resting on the inner layer.

Application File Date: 2013-09-19

Application Granted Date: 2017-01-03

Current Assignee: Henkel AG and Co KGaA

Global Phosphate Conversion Coatings Market Segmentation:

Segmentation by Product Type:

  
Iron Phosphate
  
Zinc Phosphate
  
Manganese Phosphate

Segmentation by Substrate:

  
Cast Iron
  
Steel

Segmentation by End Use Industry:

  
Consumer Appliances
  
Food & Beverages
  
Automotive


Key Market Players included in the report:


  
Axalta Coating Systems
  
Chemetall
  
Crest Industrial Chemicals
  
Freiborne Industries
  
Henkel AG & Co.
  
Kansai Paint Company
  
Keystone Corporation
  
Millcreek Metal Finishing? etc.
  
Nachi America Inc.?
  
Nihon Parkerizing Company
  
Pioneer Metal Finishing
  
PPG Industries
  
The Sherwin-Williams Company
  
Westchem Technologies


Below are the key development related to Phosphate Conversion Coatings Market in 2020 and 2021.


August 2021: The Protech Group Acquires Excalibur Paints & Coatings. The Canadian company acquires third company in pandemic growth strategy. The Protech Group (Montreal, Quebec, Canada) a coating, paint, and specialty materials manufacturer announced that they have reached an agreement to acquire Excalibur Paints & Coatings Ltd (Wichita Falls, Texas). source