Pretreatment coatings market size was USD 11 billion in 2019 and this will exceed USD 15.5 billion in terms of annual valuation by 2026. Precoating treatment manufacturers are investing in new product development to cater to growing demand from various end-use sectors. High product penetration in general manufacturing sector due to high performance and long lasting characteristics is likely to accelerate industry expansion.
Shifting trends towards high quality and aesthetically appealing infrastructure are driving pretreatment coatings market demand. These coatings are widely used as a protection agent against environmental susceptibilities such as moisture, water, rust and chemicals, while enhancing exterior appeal.
The rise in airline passenger traffic influence pretreatment coatings industry size. With changing lifestyles and increased urbanization, more people travel for work, leisure or for medical purposes today. In 2013, global airline passenger traffic was 5.89 Revenue Passenger Kilometers (RPKs) billion. Additionally, reports estimate that the global RPK is likely to reach 15.53 billion by the end of the year 2033 showcasing an annual growth rate of 5% over the period.
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Anti-corrosion coatings are used to protect metal surfaces and restrict the contact between corrosive materials or chemical compounds. In the year 2015, anti-corrosion pretreatment coatings market size had reached over USD 3 billion. They help in protecting the metals against degradation caused due to moisture, salt spray, oxidation or exposure to several environmental or industrial chemicals.
Growing adoption of corrosion preventing materials in automotive, aerospace, building & construction and metal packaging sector will fuel the demand for these coatings in the coming years. Expansion of automotive industry along with increasing investment by automotive manufacturers to design low maintenance vehicles may fuel pretreatment coatings market proliferation.
Pretreatment coatings are ideal for marine applications as they protect, boats, marine vessels and ship metal hulls from corrosion. Also, these substances augment vessels performance, workability characteristics and aesthetic appearance. Growing demand for pretreatment coatings due to lower maintenance costs and strict regulations in marine industry will favor pretreatment coatings market growth in the coming years.
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Imposition of strict manufacturing regulations across North America and Europe to reduce concentration of heavy metals in precoating treatments along with ban of mercury may restrict industry growth. Customers may be driven towards alternatives while the adoption of substrate materials that do not require coatings may increase.
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