Phosphate conversion coatings (Phosphating) has served as the most important surface treatment option till date. 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.
The market is now expected to grow at a moderate rate with major application in the automotive segment. PCCs are increasingly gaining popularity in the manufacture of casing connections to enhance their consequent sealing performance.
Further, when used in combination with the lubricants, these coatings provide excellent galling protection, a property highly desirable in across various end-use industries, including chemical, oil & gas, etc.
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.
The global phosphate conversion coatings market is significantly consolidated. More than two-third of the global market has been estimated to be concentrated among tier 1 and tier 2 players. Tier 3 players, which largely cater to their regional markets, are expected to hold nearly one-fourth of the overall market.
The leading players are witnessed indulging in partnerships with Automotive OEMs as a move to stay ahead in the intensified competition. The companies are also focusing on introducing new products in the market.
Their strategies include development of innovative coatings and solutions with superior characteristics, which can be utilized over advanced substrates as well as in novel applications, will be among the key success factors for the long term growth
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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.
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.
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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.)
Frequently Asked Questions
- What is the current Phosphate Conversion Coatings market value?
- At what rate did the Phosphate Conversion Coatings market grow between 2013 and 2021?
- What are the key trends driving Phosphate Conversion Coatings sales?
- What will be the demand outlook for China Phosphate Conversion Coatings market?
- What will be Phosphate Conversion Coatings’ market share in Europe?
- What is the anticipated market share of US in the Global Phosphate Conversion Coatings market?
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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