Surface Treatment Chemicals Market Size, Share and Trends Analysis Report 2024-2031
Apr 24, 2024
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The Global Surface Treatment Chemicals Market Size is valued at 6.53 billion in 2023 and is predicted to reach 12.98 billion by the year 2031 at an 9.22% CAGR during the forecast period for 2024-2031.
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global surface treatment chemicals market are:
- Rising Interest from consumers
- Scientific progress in the production of chemicals
- Rising cutting-edge technologies in the aerospace and defense sector
The following are the primary obstacles to the surface treatment chemicals market 's expansion:
- Restrictive Rules
- High cost
- Lack of awareness
Future expansion opportunities for the global surface treatment chemicals market include:
- Raising spending on research and development
- chemical use in automobile production is on the rise
- Increasing the population
Market Analysis:
The global market share of surface chemical treatment is rising because of increased use of the treatment in a number of end-use industries, such as construction, industrial machinery, transportation, and packaging. Additionally, there is a growing need for surface chemical treatment due to the many benefits it provides, including chemical resistance, wear resistance, corrosion resistance, and electrical conductivity.
List of Prominent Players in the Surface Treatment Chemicals Market:
- Element Solutions Inc.,
- NOF Corporation
- Atotech
- Henkel AG & Co. KGaA
- Chemetall, Inc.
- Nihon Parkerizing Co., Ltd.
- PPG Industries, Inc.
- Nippon Paint Holdings Co., Ltd.
- Solvay
- OC Oerlikon Management AG
- McGean-Rohco Inc.
- JCU CORPORATION
- Platform Specialty Products Corporation
- Quaker Chemical Corporation
Recent Developments:
- In August 2023, Atotech, the world-renowned surface-finishing solution provider from MKS Instruments, has announced that its strategic brands, ESI (laser systems) and Atotech (process chemicals, equipment, software, and services), will showcase their integrated product offering at Productronica in Munich. This offering will tackle the production of printed circuit boards and package substrates.
- In January 2024, Solvay announced that their Resolest and Solval units would receive capacity increases. Utilizing the industry-renowned SOLVAir solution, these units are engineered to recycle byproducts of the flue gas cleaning process. The need for this state-of-the-art technology is rising due to strict environmental rules regulating emissions in several industries.
- In June 2023, Element Solutions Inc ("ESI"), a multinational and multi-divisional specialty chemicals company, announced closing a seven-year, $1.15 billion secured term loan credit facility.
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Surface Treatment Chemicals Market Dynamics:
Market Drivers: Rising Interest from Consumers
The worldwide chemical surface treatment market is experiencing strong growth due to the increasing usage of this technology in several end-use industries, including construction, industrial machinery, packaging, and transportation. There will be a better market for chemical surface treatment goods if the demand for industrial machines increases. The chemical surface treatment market is expected to be driven by rising car demand and increased infrastructure projects in emerging nations.
Challenges: High Cost
The chemical surface treatment market is expected to face challenges from the high operational costs caused by the excessive consumption of chemicals resulting from inadequate quality. That being said, the rate of growth in the chemical surface treatment market will be challenged by this. An additional factor that can impede the expansion of the worldwide chemical surface treatment market is the increased chemical requirements of corroded and rusted components and the associated increases in process complexity and total cost.
Asia Pacific is Expected to Grow with the Highest CAGR During the Forecast Period
The Asia Pacific Surface Treatment Chemicals Market is likely to register a significant revenue share and develop at a rapid CAGR in the near future. This is because of the rampant construction projects and fast-growing automobile demand in many emerging nations. The chemical surface treatments market in the Asia-Pacific region is anticipated to experience growth during the forecast period due to a number of government programs aimed at attracting investments from multinational enterprises.
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Segmentation of Surface Treatment Chemicals Market-
By End User-
- Automotive
- Construction
- Aerospace
- Electrical and Electronics
- Coil Industry
- Packaging Industry
- Others
By Base Material Type-
- Metals
- Iron and Steel
- Aluminum
- Others
- Plastics
- Others
By Chemical Type-
- Corrosion protection chemicals
- Conversion Coatings
- Phosphate Conversion Coatings (PCCs)
- Zinc Phosphate Conversion Coatings (ZPCCs)
- Iron Phosphate Conversion Coatings (IPCCs)
- Manganese Phosphate Conversion Coatings (MPCCs)
- Oxide Conversion Coatings (OCCs)
- Chromate Conversion Coatings
- Phosphate-Free Conversion Coatings
- Electro-Ceramic Conversion Coatings (ECCCs)
- Nano-Ceramic Conversion Coatings (NCCCs)
- Coil Coatings
- Others
- Conversion Coatings
- Cleaners
- Anodizing agents
- Passivating agents
- Others
- Lubricants
- Metalworking Fluids
- Glass Cutting Fluids
- Interleaving Powders
- Paint Strippers
- Paint Detackification Fluids
- Precision Micro-Chemicals
- Sealants
- Pretreatment Primer
By Treatment Method-
- Electroplating
- Chemical Treatment
- Thermal Spraying
- Hot Dipping
- Others
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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