The global coating pretreatment market size could reach US$ 3.83 billion by 2021. At a CAGR of 5.76% between 2016 and 2021. This is due to high growth in end-use industries, growth in the powder coating market, and increasing demand from developing countries over the next five years, according to a new report published by Reportlinker. Globally, appliances is the fastest-growing application of coating pretreatment, both in terms of volume and value. The demand for coating pretreatment used in the appliances industry has changed significantly over the last decade. Consumer goods and appliances is another important application benefits from the use of coating. Asia-Pacific is the largest and fastest-growing market for coating pretreatment, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, increasing demand from end-use industries, and a global shift in production capacity from the developed markets to the emerging markets are major factors leading to the growth of coating pretreatment market in this region.
This story is reprinted from material from Reportlinker, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
