Phosphate Conversion Coatings Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4149
Phosphate Conversion Coatings Market size is projected to witness promising gains from 2019 to 2025 due to strong product demand from automotive & food industry mainly in emerging economies. Product is a dilute solution of phosphate salts and phosphoric acid which is applied via spray. It reacts with the exterior surface of the object being coated to form a layer of crystalline phosphates. They are usually applied on steel, aluminium, cadmium, zinc, silver parts to enhance corrosion resistance and lubricity. It also acts as a foundation for subsequent coatings. These coatings are integral in finishing operations and provide several advantages such as wear resistance or cold forming, enhance appearance, promote adhesion, etc. All these factors will have a positive impact on phosphate conversion coatings market size in the near future.
Stringent government rules and regulations in developed nations related to enhancement in fuel economy will urge automobile as well as original equipment manufacturers to adopt phosphate conversion coatings. PCC are extensively used in metal treatment processes in fabrication of finished ferrous and non-ferrous metals. This is integral in automotive and consumer appliance industry to enhance durability and appearance of the surface. In automotive industry, PCC acts as surface preparation material for subsequent operations like paints and it also provides excellent adhesion and electrical isolation, thereby minimizing film corrosion which occurs at the interface of the paint and the substrate.
Increasing consumer shift towards electric cars in developed nations like the U.S. owing to strong socio-economic conditions of consumers will strengthen demand for phosphate conversion coatings in next few years. In North America, new vehicle sales were valued 19.66 million units in 2017 which is projected to reach approximately 38 million units over the projected time frame. However, rising availability of alternatives such as nano-ceramic conversion coating and shift towards eco-friendly coatings may hamper the phosphate conversion coatings market size during the forecast spell.
Based on product type, phosphate conversion coatings market is segmented into manganese phosphate, iron phosphate and zinc phosphate. Manganese phosphate possess efficient oil-retentive properties which facilitate both corrosion resistance and lubricity. They are applied only by immersion and are widely used in automotive as well as in building & construction sector. On the other hand, iron phosphates are typically used as a base for further coatings or painting and are applied by both immersion as well as spraying. Zinc phosphates are used as lubricant base layer, and as a paint/coating base.
Based on substrate, the phosphate conversion coatings market is segmented into cast iron, steel and others. Steel is an attractive segment due to excellent corrosion properties. Steel has a minimum of 10.5-11% chromium content, which provides high resistance to corrosion and enduring extreme temperatures. Steel material is ideal for food & beverage processing units in storage of canned food.
The end-use areas of phosphate conversion coatings market include automotive, food & beverages, consumer appliances, and others such as building & construction. PCC are applied onto automotive body during paint process and offer various benefits such as weather resistance, rust proof, enhanced appearance, chipping, etc. They also promote adhesion between paint and metal, on various substrates whether ferrous-based alloys, aluminum, mixed metal alloys and plastic surfaces, thereby creating a robust bond and thus reducing mechanical attacks on the body panels surface.
Rising adoption of e-vehicles in emerging economies such as China India, Indonesia and South Korea is anticipated to drive Asia pacific market growth in the coming years. Rising automotive industry in APAC and relocation of manufacturing hubs due to accessibility of inexpensive workforce and raw material and less governmental regulations will propel the overall PCC demand in the coming years. China is the major contributor and accounted for sales of over 29 million units in 2017 in the global automotive sector. Furthermore, the steady growth of construction sectors coupled with increasing middle-class population base in the region is anticipated to drive the phosphate conversion coatings market size in the forecast period.
Prominent players in the global phosphate conversion coatings market includes Henkel AG, Westchem Technologies, Keystone Corporation, Crest Industrial Chemicals, Chemetall, Nihon Parkerizing Company, Kansai Paint Company, Axalta Coating Systems, The Sherwin-Williams Company, PPG Industries, Freiborne Industries, Pioneer Metal Finishing, Nachi America Inc., Millcreek Metal Finishing etc.
Phosphate Conversion Coatings Market, By Product, 2014-2025 (USD Million)
- Manganese phosphate
- Iron phosphate
- Zinc phosphate
Phosphate Conversion Coatings Market, By Substrate, 2014-2025 (USD Million)
- Cast iron
Phosphate Conversion Coatings Market, By End-User, 2014-2025 (USD Million)
- Food & Beverages
- Consumer Appliances
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Henkel AG
- Westchem Technologies
- Keystone Corporation
- Crest Industrial Chemicals
- Nihon Parkerizing Company
- Kansai Paint Company
- Axalta Coating Systems
- The Sherwin-Williams Company
- PPG Industries
- Freiborne Industries
- Pioneer Metal Finishing
- Nachi America Inc.
- Millcreek Metal Finishing
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