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Phosphate Conversion Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Zion Market Research, the market research group announced the analysis report titled 'Phosphate Conversion Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026'

 

Sarasota, FL -- (SBWIRE) -- 10/31/2018 -- Global Phosphate Conversion Coatings Market: Overview

Phosphate conversion coatings (PCC) are the most widely used coatings for treating zinc, steel, and aluminum. Phosphate comprises an essential part of the majority of the finishing operations apart from serving varied functions, such as promoting adhesion, absorbing lubricants, increasing corrosion resistance, and enhancing appearance. There are different kinds of PCC products available in the global phosphate conversion coatings market, such as iron phosphate, manganese phosphate, and zinc phosphate. Depending on the PCC products' functional requirements, there are various types of proprietary formulations available.

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Global Phosphate Conversion Coatings Market: Growth Factors

The major growth driver in the global phosphate conversion coatings market is the increase in the production of casing connections for enhancing their resultant sealing performances. The combination of PCC and lubricants can provide superior galling protection characteristic. This characteristic makes this combination highly preferable in various industries, such as oil and gas, chemical, etc., which, in turn, contribute to the development of the global phosphate conversion coatings market. The various properties of PPC, such as excellent wear resistance, better adhesion, improved corrosion resistance, and elevated aesthetic aspect, also fuel the expansion of the global phosphate conversion coatings market. The growth of the food and beverage and automotive industries is also contributing to the growth of this market, as these industries extensively make use of PPC.

Global Phosphate Conversion Coatings Market: Segmentation

The global phosphate conversion coatings market can be divided based on product type, substrate, and end-users. On the basis of product type, the market for phosphate conversion coatings can be segmented into iron phosphate, zinc phosphate, and manganese phosphate. The manganese phosphate segment is projected to be highly popular in the upcoming years. This is due to the segment's superior oil-retentive qualities, for both lubricity and corrosion resistance. Based on substrate, the phosphate conversion coatings market can be classified into steel and cast iron, among others. On the basis of end-users, the phosphate conversion coatings market can be fragmented into consumer appliances, food and beverages, and automotive, among others.

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Global Phosphate Conversion Coatings Market: Regional Analysis

Based on regions, the global market for phosphate conversion coatings can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific region, especially developing economies like China and India, is anticipated to show the highest market growth for structural adhesives in the upcoming years. China is anticipated to be a key contributor in this market from this region. Owing to growing industrial and manufacturing activities, the popularity of zinc phosphate in the country is on the rise. The increase in the construction activities in this region can also be attributed to the expansion of the phosphate conversion coatings market. The North American region is anticipated to show good growth in the market for phosphate conversion coatings in future.

Global Phosphate Conversion Coatings Market: Competitive Players

The key market players of the global market for phosphate conversion coatings include Westchem Technologies, Crest Industrial Chemicals, Hubbard-Hall, Freiborne Industries, Keystone Corporation, Nihon Parkerizing Company, Chemetall, Kansai Paint Company, Axalta Coasting Systems, The Sherwin-Williams Company, PPG Industries, and Henkel AG & Co., among several others.

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