Phosphate Conversion Coatings Market

Phosphate Conversion Coatings Market: Special Retaining Properties Enable Zinc Phosphate to Become Major Shareholder: Global Industry Analysis and Opportunity Assessment, 2018 - 2028

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. According to the new research report by Future Market Insights, the global PCC market is anticipated to be dominated by Zinc Phosphate which holds a significantly higher market share of over US$ 2,100 Mn by the end of 2028. However, the future projections for the market indicates a higher demand for Manganese Phosphate in the years coming ahead. Manganese Phosphate has an excellent oil-retentive properties for both corrosion resistance and lubricity, which is anticipated to boost its demand in the future. The products have found most of its application in the automotive industry and recently in the residential industry too. The residential spending has multiplied due to population growth and urbanization. 

phosphate convrsion coatings market

PCC Market is the another market that will be introduced with eco-friendly measures  

Coating technologies have a number of benefits attached to it. But the recent market scenario also depicts a sudden demand for the eco-friendly products in the market. The new coating processes are simpler, shorter and operate at lower temperature as compared to that of iron or zinc phosphate processes. Moreover, they perform well on all substrates such as zinc, steel and aluminum. Now, the manufacturers of the pre-treatment coating products across the globe are found to be involved in the introduction of phosphorous-free pretreatment that can be utilized on multiple substrates and are also compatible with mild steel equipment. The phosphorus free makes the products environment friendly and also without any regulated heavy metals.

These environmental friendly moves also include initiatives to reduce emissions. The increasing focus of government organizations as well as industry participants to reduce the overall vehicle weight in the light of curbing emissions has gained significant momentum over the past years. The goal can be achieved with the help of innovative phosphate conversion coatings which can synchronize with light-weight initiative. Many automotive OEMs and manufacturers have mandated the use of these coatings in order to reduce the weight of vehicles.

Availability of alternatives can serve as a serious threat to the global phosphate conversion coatings market

The shift towards eco-friendly coatings have created a new market for the products like nano-ceramic conversion coating. It is a phosphorus free coating type, which includes zirconium salt that acts as a basic ingredient to replace the traditional phosphate liquid.

The phosphate conversion coatings has a negative impact on the health of a person and also on the overall environment, thus changing the preferences of many. There is a need for environmental friendly and cost effective technology that can achieve comparable paint adhesion and corrosion resistance for ferrous and non-ferrous substrates and the lesser demand for phosphate conversion can result in a declining force on the global PCC market.

Global Chemicals and Materials Industry Outlook

Recycle and reuse practices are impacting the sales of virgin materials, resulting into lesser dependency on volume-driven growth. New materials are showcasing potential for driving value-based growth, but chemical companies are still some time away from achieving voluminous production, while maintaining high quality at the same time. Barring few exceptions, a majority of players are still prioritizing short-term volume growth over long-term value growth. Pressure on improving bottom-line is influencing manufacturers to improve efficiency and reduce operational costs. The impact of value-driven growth may not be visible in the short-term, but long-term outlook remains in favor of a balanced approach between value and volume.

Manufacturers continue seeking low-priced feedstock in a bid to marginally reduce pre-production costs. Industry leaders are joining forces to replace fossil fuel-derived feedstock with bio-based alternatives. However, concerns related to producing affordable and sustainable feedstock at mass scale remains a challenge. Access to quality and affordable feedstock will continue to remain a focus area for manufacturers. Chemical manufacturing processes are running on limited energy, while volume of feedstock is getting stranded at ports as disapproval from import authorities keeps disrupting supply chains in sectors, such as oleochemicals and petrochemicals industries.

Chemical manufacturers have promised support and adherence to governments & regional authorities that are committing towards green, sustainable initiatives. Development of bio-alternatives is gaining momentum. Research & academic institutes are teaming up with manufacturers to formulate sustainable substitutes for commonly-used chemical substrates. Many companies are keeping a close eye on advancements in “green chemistry.” Shift towards eco-friendly chemicals will gain momentum in the future on the back of government regulations and end-user preference. Rising costs of fossil fuels will also instrument the upsurge for sustainable chemicals manufacturing.

List of factors tracked in the Chemicals and Materials Market Report

  • Chemical Industry Value Add

  • Chemical Sales

  • Per Capita Consumption

  • Standard Capacity Factors

  • Plastics Consumption Outlook

  • Glass Consumption Outlook

  • Policies and Regulations

  • Historical growth of top players

  • Growth in associated markets

  • Net trade scenario

  • Apparent production capacity

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary

  • Market Definition

  • Macro-economic analysis

  • Parent Market Analysis

  • Market Overview

  • Forecast Factors

  • Segmental Analysis and Forecast

  • Regional Analysis

  • Competition Analysis

Target Audience

  • Production Companies

  • Suppliers

  • Channel Partners

  • Marketing Authorities

  • Subject Matter Experts

  • Research Institutions

  • Financial Institutions

  • Market Consultants

  • Government Authorities

Key Questions Answered

  • How the market has performed over the past few years?

  • What have been the challenges for market participants and how did they overcome them?

  • How has the technology landscape evolved over the past years?

  • How the competitors have performed and what have been their growth strategies?

  • What is the market potential expected to look like in near future across the globe?

  • How to sustain and grow market share?

  • What should be the future course of action?

  • Where do I currently stand?

  • Which are the segments, factors, regions offering promising growth potential?

  • What are the trends in the market and am I ready for them?

Market Taxonomy

By Product Type

By Substrate

By End use Industry

By Region

  • Manganese Phosphate

  • Iron Phosphate

  • Zinc Phosphate

  • Cast Iron

  • Steel

  • Others

  • Automotive

  • Food & Beverages

  • Consumer Appliances

  • Others

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • South East Asia and Pacific

  • China

  • India

  • Japan

  • Middle East & Africa