Chemical Surface Treatment Market
Chemical Surface Treatment Market Forecasts to 2028 - Global Analysis By Product Type (Activating Agents, Conversion Coating, Plating Chemicals, Paint Strippers and Other Product Types), Material (Wood, Plastics, Metals and Other Materials), Application (Corrosion Inhibitors, Metals Coloring, Post Treatment, Decorative and Other Applications), End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $14.7BN |
|
Projected Year Value (2028) |
US $23.0 BN |
|
CAGR (2022 - 2028) |
7.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Chemical Surface Treatment Market is accounted for $14.7 billion in 2022 and is expected to reach $23.0 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Chemical surface treatments are applied to base substrates to provide corrosion resistance, wear resistance, electrical conductivity, electrical resistance, reflexivity, torque tolerance, hardness, and chemical resistance. They are used in a variety of end-use industries, including transportation, industrial machinery, packaging, and construction a rise in the demand for automobiles and an increase in infrastructure projects in a number of developing nations.
According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), world motor vehicle production in 2021 was about 80.15 million, compared to 77.71 million units in 2020.
Market Dynamics:
Driver:
Increased demand across end users
The worldwide chemical surface treatment market share is increasing as chemical surface treatment is utilised more often in several end-use industries, including packaging, transportation, industrial machinery, and construction. The market for chemical surface treatment goods will grow as industrial machinery demand rises, which will benefit chemical surface treatment products as well as an increase in infrastructure projects across various emerging nations. Additionally, the market for chemical surface treatments will experience faster development due to the rapid spread of industrialisation and due to multiple advantages of chemical surface treatment, including electrical conductivity, corrosion resistance, wear resistance, and chemical resistance.
Restraint:
Stringent regulations
The market for chemical surface treatment will encounter challenges due to the strict government regulations addressing increased levels of volatile organic compound (VOC) emissions throughout the process. New environmental law has been introduced, as well as painting criteria and authorised paint system expertise. This has led to the discontinuation of a number of paint systems for use in nuclear power reactors. There are a number of conditions that nuclear power plants must meet in addition to the national norms.
Opportunity:
Rising demand for surface treatment chemicals from the automotive and transportation industry
Because most parts in the automotive and transportation industries are made of metals (steel, iron, and aluminium), surface treatment is frequently used in these industries to achieve a variety of goals, which includes insulation from electricity, insulation from heat, durability against corrosion, and decorative purposes. The automotive and transportation industries use surface treatment more often, which increases the need for surface treatment in these industries. Additionally, compared to other types of chemicals, the business has a particularly high demand for cleansers, with basic and acidic cleaners making up the majority of sales. While acidic cleaners remove brake dust, filth from the road, and rust, alkaline cleansers remove organic residues including oils, fats, grease, and proteins.
Threat:
Fluctuating price of raw material
Numerous end users, especially small-scale enterprises, are discouraged from employing water treatment chemicals due to the fluctuating price of raw materials. Only because of stringent government regulations that also apply to small sector participants are manufacturers embracing wastewater chemicals. This issue is anticipated to have a negative effect on the market growth for surface chemical treatment. Moreover, the negative implications of using surface chemical treatment are hindering the growth of the market.
Covid-19 Impact
The COVID-19 outbreak has had a favourable effect on the market expansion for surface treatment chemicals. In order to combat the virus during the COVID-19 pandemic, new surface treatment chemicals were created. For instance, the MIRO UV-C product from ALANOD GmbH, which is used as a material for reflectors in sanitising equipment, successfully eliminated the COVID-19 virus. The capacity to make face shields out of medical-grade transparent film with good performance is another important achievement in the war against the COVID-19 virus.
The plating chemicals segment is expected to be the largest during the forecast period
The plating chemicals segment is estimated to have a lucrative growth, due to plating has been practised for many years and is essential to contemporary technologies. Plating is utilised for a variety of functions, including surface decoration, corrosion prevention, improved solder ability, improved wearability, reduced friction, improved paint adherence, altered conductivity, improved IR reflectance, radiation shielding, and more. Plating is frequently used in jewellery to add a silver or gold sheen. Metal salts, formula additives, and other consumables for the electro deposition, electroless plating, electroplating, or anodized layer creation are included in plating chemicals and anodizing chemicals.
The metals segment is expected to have the highest CAGR during the forecast period
The metals segment is anticipated to witness the highest CAGR growth during the forecast period, due to the usage of metal pieces that are prepped for painting using a procedure called metal surface treatment. Typically, this entails putting up a physical barrier to shield metal from corrosive conditions. A non-electrolytic chemical interaction between the metal surface and solution produces the surface films employed in chemical conversion coatings. They are crystalline or amorphous sheets that adhere. The base metal must be changed into one of the components that are less reactive to corrosion than the original metal surface in order for the metal surface treatment to create a protective coating thus providing effective surface treatment.
Region with highest share:
Asia Pacific is projected to hold the highest market share during the forecast period owing to increase as surface treatment chemicals are being used in the building of both commercial and residential infrastructure, particularly in China. A growing number of sectors, including those in wood, glass, jewellery, medicine, and other fields, are using durable and wear-resistant materials. The product is highly sought-after in construction ratings. The market for surface treatment chemicals is growing faster than the automotive industry.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the expansion of the local market is fuelled by the European automobile sector. As political unrest is subdued and economies are revived, however, there will be plenty of development potential in the future due to the use of surface-treating chemicals in the building of commercial and residential infrastructure as well as the rising interest in bio-based and chromium-free surface-treatment chemicals. Over the course of the projection, they will probably produce profitable chances for the market.
Key players in the market
Some of the key players profiled in the Chemical Surface Treatment Market include Nihon, Parkerizing Co., Ltd., Element Solutions Inc., Atotech, Henkel AG & Co. KGaA, NOF Corporation, Nihon Parkerizing Co., Ltd., PPG Industries, Inc., Solvay, JCU CORPORATION, McGean-Rohco Inc, Quaker Chemical Corporation, OC Oerlikon Management AG, Platform Specialty Products Corporation, DOW, Elementis and Aalberts Surface Technologies GmbH.
Key Developments:
In February 2022, PPG announced that it had acquired the powder coating division of Arosonsisi. Aronsisi is a well-known exporter of specialized powder coating for residential and commercial applications. PPG will be able to grow, and its powder contains metallic bonding, one of the power coatings' fastest-growing segments. Power coatings are widely used for treating specific types of cars, houses, and other structures and for general industrial use.
In October 2021, Aalberts Surface Technologies GmbH established a comprehensive partnership with Hoeller Electrolyzer GmbH in highly effective electrolyzer surface treatment. The collaboration's goal was to significantly reduce the cost of hydrogen generation while also improving its accessibility. The incredibly effective prolonged coatings will be sprayed on in-line machines in Lübeck for large yields, exposing Hoeller to Europe's limited production capacity.
Product Types Covered:
• Activating Agents
• Conversion Coating
• Plating Chemicals
• Paint Strippers
• Metal Working Fluids
• Cleaners
• Other Product Types
Materials Covered:
• Wood
• Plastics
• Metals
• Other Materials
Applications Covered:
• Corrosion Inhibitors
• Metals Coloring
• Post Treatment
• Decorative
• Planting
• Pretreatment Conditioners
• Pretreatments Cleaners
• Other Applications
End Users Covered:
• Transportation
• Building & Construction
• Aerospace & Defense
• Household Appliances
• Non-Ferrous Metal
• Electronics
• Paints & Coatings
• Industrial Machinery
• General Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Chemical Surface Treatment Market, By Product Type
5.1 Introduction
5.2 Activating Agents
5.3 Conversion Coating
5.4 Plating Chemicals
5.5 Paint Strippers
5.6 Metal Working Fluids
5.7 Cleaners
5.8 Other Product Types
6 Global Chemical Surface Treatment Market, By Material
6.1 Introduction
6.2 Wood
6.3 Plastics
6.4 Metals
6.5 Other Materials
7 Global Chemical Surface Treatment Market, By Application
7.1 Introduction
7.2 Corrosion Inhibitors
7.3 Metals Coloring
7.4 Post Treatment
7.5 Decorative
7.6 Planting
7.7 Pretreatment Conditioners
7.8 Pretreatments Cleaners
7.9 Other Applications
8 Global Chemical Surface Treatment Market, By End User
8.1 Introduction
8.2 Transportation
8.3 Building & Construction
8.4 Aerospace & Defense
8.5 Household Appliances
8.6 Non-Ferrous Metal
8.7 Electronics
8.8 Paints & Coatings
8.9 Industrial Machinery
8.10 General Industry
8.11 Other End Users
9 Global Chemical Surface Treatment Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Nihon Parkerizing Co., Ltd.
11.2 Element Solutions Inc.
11.3 Atotech
11.4 Henkel AG & Co. KGaA
11.5 NOF Corporation
11.6 Nihon Parkerizing Co., Ltd.
11.7 PPG Industries, Inc.
11.8 Solvay
11.9 JCU CORPORATION
11.10 McGean-Rohco Inc.
11.11 Quaker Chemical Corporation
11.12 OC Oerlikon Management AG
11.13 Platform Specialty Products Corporation
11.14 DOW
11.15 Henkel
11.16 Elementis
List of Tables
1 Global Chemical Surface Treatment Market Outlook, By Region (2020-2028) ($MN)
2 Global Chemical Surface Treatment Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Chemical Surface Treatment Market Outlook, By Activating Agents (2020-2028) ($MN)
4 Global Chemical Surface Treatment Market Outlook, By Conversion Coating (2020-2028) ($MN)
5 Global Chemical Surface Treatment Market Outlook, By Plating Chemicals (2020-2028) ($MN)
6 Global Chemical Surface Treatment Market Outlook, By Paint Strippers (2020-2028) ($MN)
7 Global Chemical Surface Treatment Market Outlook, By Metal Working Fluids (2020-2028) ($MN)
8 Global Chemical Surface Treatment Market Outlook, By Cleaners (2020-2028) ($MN)
9 Global Chemical Surface Treatment Market Outlook, By Other Product Types (2020-2028) ($MN)
10 Global Chemical Surface Treatment Market Outlook, By Material (2020-2028) ($MN)
11 Global Chemical Surface Treatment Market Outlook, By Wood (2020-2028) ($MN)
12 Global Chemical Surface Treatment Market Outlook, By Plastics (2020-2028) ($MN)
13 Global Chemical Surface Treatment Market Outlook, By Metals (2020-2028) ($MN)
14 Global Chemical Surface Treatment Market Outlook, By Other Materials (2020-2028) ($MN)
15 Global Chemical Surface Treatment Market Outlook, By Application (2020-2028) ($MN)
16 Global Chemical Surface Treatment Market Outlook, By Corrosion Inhibitors (2020-2028) ($MN)
17 Global Chemical Surface Treatment Market Outlook, By Metals Coloring (2020-2028) ($MN)
18 Global Chemical Surface Treatment Market Outlook, By Post Treatment (2020-2028) ($MN)
19 Global Chemical Surface Treatment Market Outlook, By Decorative (2020-2028) ($MN)
20 Global Chemical Surface Treatment Market Outlook, By Planting (2020-2028) ($MN)
21 Global Chemical Surface Treatment Market Outlook, By Pretreatment Conditioners (2020-2028) ($MN)
22 Global Chemical Surface Treatment Market Outlook, By Pretreatments Cleaners (2020-2028) ($MN)
23 Global Chemical Surface Treatment Market Outlook, By Other Applications (2020-2028) ($MN)
24 Global Chemical Surface Treatment Market Outlook, By End User (2020-2028) ($MN)
25 Global Chemical Surface Treatment Market Outlook, By Transportation (2020-2028) ($MN)
26 Global Chemical Surface Treatment Market Outlook, By Building & Construction (2020-2028) ($MN)
27 Global Chemical Surface Treatment Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
28 Global Chemical Surface Treatment Market Outlook, By Household Appliances (2020-2028) ($MN)
29 Global Chemical Surface Treatment Market Outlook, By Non-Ferrous Metal (2020-2028) ($MN)
30 Global Chemical Surface Treatment Market Outlook, By Electronics (2020-2028) ($MN)
31 Global Chemical Surface Treatment Market Outlook, By Paints & Coatings (2020-2028) ($MN)
32 Global Chemical Surface Treatment Market Outlook, By Industrial Machinery (2020-2028) ($MN)
33 Global Chemical Surface Treatment Market Outlook, By General Industry (2020-2028) ($MN)
34 Global Chemical Surface Treatment Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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