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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.

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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