Global Zinc Phosphate Market: Overview
Zinc phosphate is widely used in corrosion resistance coatings in the form of electroplating or primer coats. It is usually applied on ferrous metals, as they are prone to corrosion by frequent contact with air and moisture. The wide application range of ferrous metals has been a crucial driver for the global zinc phosphate market and is likely to remain the key factor enabling steady growth of the industry in the coming years.
The report studies the historical trajectory of the global zinc phosphate market and presents a comprehensive overview of the market’s figures in 2015. A solid analysis of the zinc phosphate market’s latest figures forms the basis for reliable predictions regarding the market’s growth trajectory in the 2016-2024 forecast period. The report uses industry-standard analysis tools and sources to ensure the accuracy of the information it delivers.
Global Zinc Phosphate Market: Trends and Opportunities
The prime driver for the global zinc phosphate market is the flourishing performance of multiple end-use industries. Due to the relatively cheap prices and high mechanical strength of ferrous materials, they are widely utilized in many areas where structural rigidity is valued.
The booming construction industry is thus an important driver for the global zinc phosphate market. Following the global economic concerns in 2008-09, the construction industry has benefited from the steady demand for new residential and commercial construction in developing regions and the steady demand for restorative projects in developed regions. The increasing disposable income of consumers in emerging economies is likely to keep the impact of this factor on the global zinc phosphate market high in the coming years.
The rapid growth of the automotive industry in recent years has also had a notable impact on the trajectory of the zinc phosphate market. Due to the demand for stronger and more reliable automobiles with components that last much longer than those in older vehicles, zinc phosphate coatings have gained widespread demand from the global automotive industry and are likely to remain popular in the coming years. The rising demand for automotive electronics has also helped the demand for zinc phosphate coatings, as they help keep the components free from corrosion.
The rising volume of marine trade has also been a crucial driver for the global zinc phosphate market, as it has driven the demand for new ships. Since ships are constantly exposed to the highly corrosive seawater and salt-rich air, the protective benefits imparted by zinc phosphate have taken on an important role.
Global Zinc Phosphate Market: Geographical and Competitive Dynamics
Asia Pacific is likely to be the dominant regional market for zinc phosphate in the coming years due to the rising demand for zinc phosphate coatings in the region’s booming construction and automotive industries. The rapid economic progress of developing countries such as China and India has led to steady growth of these industries and is thus a key driver for the Asia Pacific zinc phosphate market. The marine industry is also flourishing in China and is likely to contribute significantly to the growth of the zinc phosphate market in Asia Pacific in the coming years.
Many of the leading players in the global zinc phosphate market are enhancing their efforts in emerging regions due to the lucrative prospects offered by these markets. Key players profiled in the report include Hubbard-Hall Inc., Henkel Corporation, Chem Processing Inc., ALFA Chemicals Ltd., Haward Corporation, and Chemetall.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.