Report Predicts Growth in Market for Pretreatment Coatings
DOVER, DE - According to new research by Global Market Insights Inc., the market for pretreatment coatings is expected to exceed $15 billion by 2024. The report sites a strong outlook for infrastructure spending along with a rise in vehicle sales, particularly in China, India and Japan, as drivers for growth.
The company predicts that the pretreatment coatings market in China could generate over $2.1 billion in business by 2024. Growth in the aerospace industry is predicted to fuel regional growth. Favorable government regulations to upscale manufacturing are also expected to drive product demand.