Phosphate conversion coatings (Phosphating) has served as the most important surface treatment option till date. 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. 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. 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.
Phosphate Conversion Coatings Market Taxonomy
By Product Type
- Manganese Phosphate
- Iron Phosphate
- Zinc Phosphate
By Substrate
- Cast Iron
- Steel
- Others
By End use Industry
- Automotive
- Food & Beverages
- Consumer Appliances
- Others
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- South East Asia and Pacific
- China
- India
- Japan
- Middle East & Africa
PPC Market’s greater portion to be covered by Tier 1 & 2 players
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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Manganese Phosphate to emerge as a highly lucrative product in the upcoming years
Phosphate conversion coatings is the most commonly used coatings to treat aluminum, zinc and steel. Phosphate is an integral part of most of the finishing operations and serves various functions such as absorbing lubricants, promoting adhesion, enhancing appearance, and increasing corrosion resistance.
The phosphate conversion coatings available in the global market include products like Manganese Phosphate, Iron Phosphate, Zinc Phosphate. There are various proprietary formulations available for each, depending on their functional requirements.
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The coming years will reveal more innovative competitive strategies prevailing in the global phosphate conversion coatings market. To get further insights on the global PPC market, reach out to the team of expert analysts at press@futuremarketinsights.com