Global Surface Treatment Market Overview
According to a research survey conducted by ChemView Consulting, in 2022, the Global Surface Treatment Market was worth US$ 13,782.1 Mn and is expected to grow at a CAGR of 5.8% over the forecast period. While the historical CAGR is 4.9%, the market is expected to hit US$ 24,219.9 Mn by 2032 end.
Surface treatment is a procedure for improving the qualities of various surfaces, such as hardness, wear- and corrosion resistance, etc. Effective surface treatment techniques can provide products of exceptional quality and longevity. It has also been shown to be an effective way to stop metals from generating sludge while providing superior corrosion protection. Cleaning, activation, phosphating, and passivation are common steps in the procedure.
Due to rising consumer demand for environmentally friendly chemicals and rising investment in the chemical sector, the global surface treatment market is predicted to expand significantly during the projected period. Surface treatment is in high demand worldwide because of the rising need for products that are robust and resistant to wear.
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Segments Covered in Report
By Chemical Type:
- Anodizing chemicals
- Alkaline Degreaser
- Etchants and additives
- Electrolytic coloring and brightening
- Others
- Cleaners
- Paint Strippers
- Passivation
- Additives and Sealants
- Corrosion Protection
- Others (primers, coatings, etc.)
By Application:
- Electronics and Electrical
- Automotive and Transportation
- Industrial machinery
- Aerospace
- Construction and infrastructure
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways From The Market
- Based on chemical type, because of their widespread use in numerous applications and high volume production, cleaners are predicted to maintain their enormous market domination during the projection period. Traditional alkaline-based cleansers still have a significant market share, but low-temperature surfactants are also becoming more popular, along with sustainable products free of boron and phosphate.
- Based on application, the surface treatment market is anticipated to continue to be driven primarily by the automotive industry. Some of the main reasons influencing the market expansion of the category include the widespread use of surface treatment chemicals on the body sections of cars, the size of the automotive fleet, and the anticipated recovery in vehicle manufacturing in the post-pandemic market trends. Additionally, there is a rise in demand for items resistant to wear and corrosion across various industry sectors, including automotive, steel, aluminum, metal processing, etc.
- Based on region, with a market share of 51.6% throughout the forecast period, Asia-Pacific is well-endowed with lucrative growth potential as China and India are the two most important rising nations and are therefore gaining ground.
Competition Summary
Key Global Surface Treatment Market players are Atotech Deutschland GmbH, BASF SE, Curtis-Wright Corporation, Element solution Inc., Henkel Ag & Co., Nippon Paint Co., Ltd, Nihon Parkerizing Co., Ltd, NOF Corporation, DUBOIS Chemicals.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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