Zinc Coatings Market: Introduction
Zinc metal is used as suitable corrosion protective coating for iron and steel products as it possesses characteristics such as corrosion resistance in most environments and exposure conditions. Zinc corrosion products, collectively known as zinc patina, act as an additional barrier between steel or iron and the environment.
Zinc Coatings Market: Segmentation
The global zinc coatings market can be segmented based on type, process, end-use industry, and region. The types of zinc coatings are categorized based on the binder used during the manufacturing and formulation of the coating. This includes inorganic and organic zinc coatings. Inorganic zinc-rich coatings consist of silicate binders such as alkali silicate, water borne, and ethyl silicate solvent borne coatings. Wide range of binders, such as epoxy, alkyd, and polyurethane, is used in organic zinc coatings.
Zinc coatings are applied on steel or iron surfaces by electroplating, hot dip galvanizing, sherardizing, painting with zinc-rich coatings, zinc spraying (metallizing), and mechanical plating. Hot dip galvanizing is the most widely used process.
Based on end-use industry, the zinc coatings market can be classified into paints & coatings, automotive, oil & gas, building & construction, power generation, machinery, iron & steel, and transportation.
Zinc Coatings Market: Trends & Developments
Rapid urbanization and industrialization has boosted infrastructure development. The needs for corrosion protection of steel structures has also increased. This is driving the demand for zinc coatings market.
Manufacturers of zinc coatings are focusing on the development of advanced inorganic and organic zinc coatings, which do not require second coat. This is expected to reduce the handling cost, process cost, and energy cost. Manufacturers are using product innovation as a differentiating strategy to gain advantage over their competitors.
Inorganic zinc primers offer better galvanic protection compared to organic zinc primers, owing to the reactive nature of silicate binder with zinc particles. Organic zinc coatings encapsulate zinc particles. Inorganic zinc coatings can be formulated with higher volume of zinc owing to their reactive nature. Organic zinc primers are considerably less absorbent, since the binder which is used, fills the pores created by zinc loading.
Inorganic zinc primers are generally repaired using organic zinc primers, since inorganic zinc coatings have less adhesive binders and usually do not adhere well to each other once cured.
Zinc Coatings Market: Regional Outlook
North America dominates the global zinc coatings market. The region has witnessed an increasing adoption of advanced coating materials in infrastructural development in the region. The zinc coatings market in Asia Pacific is projected to expand at a significant pace owing to the expansion in end-use industries and rapid industrialization in the region. Growth in the building & construction sector has boosted the usage of zinc coatings for surface protection applications. The zinc coatings market in Japan is expected to create significant incremental opportunity during the forecast period owing to the presence of a dominant automotive sector in the country.
Zinc Coatings Materials Market: Key Players
Key players operating in the global zinc coatings market include The Jotun Group, Akzo Nobel N.V., Sumter Coatings, Inc., Rust Bullet Australia, Altex Coatings Ltd, Polyset Company, Anochrome Group, Specialized Coating Systems (Pty) Ltd., and Strands Industrial Coatings.
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