demand for such coatings in the near future and thus, more players will get involved in research and development activities to address this market need.
Global Pretreatment Coatings Market: Region-wise Outlook
The key regions covered in the report are Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific will represent a large share in the market, on account of growing domestic demand. The easy availability of resources and increasing disposable income are also contributing to the growth of the region. Moreover, the expansion of the aerospace sector, especially in the Indonesia, China, Japan, Taiwan, and Malaysia is driving the demand for pretreatment coatings in the region.
The sharp rise in the demand for chrome-free pretreatment coatings coupled with stringent government regulations for reducing air pollution is the primary factor fueling the growth of Europe and North America. Germany and France will be among major revenue contributors in Europe. Rising vehicle production along with the increasing demand for replacing aging vehicles is translating into the greater uptake of pretreatment coatings in the region. In Latin America, Brazil is expected to be a sight of high growth throughout the forecast period. Its proximity to the U. S. is an important factor promoting set up of production facilities in the country.
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Global Pretreatment Coatings Market: Competitive Landscape
Players in the global pretreatment coating market are involved in partnerships and collaboration activities to expand their shares in the market. Companies are investing sizeable funds in the research and development activities to enhance their visibility in this highly competitive arena. Some of the prominent companies operating in the market are Chemetall, 3M Company, AkzoNobel N. V., Kansai Paint Co. Ltd, Axalta Coating Systems, Abrasives Inc., Barton International, Troy Chemicals, Cym Materiales, Henkel, PPG Industries, and Nippon Paints.
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