The chemical surface treatment market is experiencing significant growth due to various factors. Increasing demand from end-use industries such as automotive, aerospace, and electronics is driving market growth. Chemical surface treatment is essential for improving the performance, durability, and aesthetics of materials. The market is also influenced by the growing focus on sustainability and eco-friendly solutions. Overall, the market presents lucrative opportunities for innovation and expansion in the coming years.
According to Data Bridge Market Research, the Chemical Surface Treatment Market is expected to reach the value of USD 13.83 billion in 2021 and is expected to reach USD 21.54 billion by 2029, registering a CAGR of 5.70% during the forecast period of 2022-2029.
“Increasing demand for corrosion protection surge market demand"
The increasing demand for corrosion protection is a significant driver for the chemical surface treatment market. Industries such as automotive, aerospace, and construction require materials that can withstand corrosive environments. Chemical surface treatments provide a protective layer that prevents corrosion and enhances the durability and longevity of components and structures. These treatments improve the resistance of materials to factors such as moisture, chemicals, and atmospheric conditions, ensuring their performance and reducing maintenance costs over time.
What restraints the growth of the chemical surface treatment market?
“Environmental concerns can impede the market growth”
Environmental concerns pose a restraint on the chemical surface treatment market. The use of chemicals in surface treatments can have negative environmental impacts, including pollution and the release of harmful substances. Strict regulations and growing environmental awareness have increased the demand for eco-friendly and sustainable alternatives. Market players need to comply with stringent environmental standards, which can be challenging and may limit the adoption of certain chemical surface treatment solutions.
Segmentation: Global Chemical Surface Treatment Market
The chemical surface treatment market is segmented on the basis of product, base, application, and end-user.
- On the basis of product, the chemical surface treatment market is segmented into plating chemicals, conversion coating, activating agents, paint strippers, cleaners, metal working fluids, others
- On the basis of base, the chemical surface treatment market is segmented into metals, plastics, wood, others.
- On the basis of application, the chemical surface treatment market is segmented into metals coloring, Corrosion Inhibitors, post treatment, pretreatments cleaners, pretreatment conditioners, decorative, planting, others
- On the basis of end-user, the chemical surface treatment market is segmented into building and construction, transportation, aerospace and defense, non-ferrous metal, household appliances, general industry, industrial machinery, electronics, paints and coatings, and others.
Regional Insights: Asia-Pacific dominates the global chemical surface treatment market
Asia-Pacific dominates the chemical surface treatment market due to various factors. The region is witnessing significant business expansion and industrial growth, which drives the demand for surface treatment solutions. China, in particular, plays a crucial role in the growth of the Asia-Pacific market, as it offers access to low-priced raw materials. The availability of cost-effective raw materials within the region allows manufacturers to maintain competitive pricing and cater to the growing demand for chemical surface treatment solutions in Asia-Pacific and beyond.
North America is expected to experience lucrative growth in the chemical surface treatment market due to the increasing number of buildings and construction projects in the region. The construction industry's demand for high-performance materials and corrosion protection solutions drives the adoption of chemical surface treatments. The robust infrastructure development, coupled with the need for surface preparation and protection, creates a favorable market environment. This trend is expected to propel the growth of the chemical surface treatment market in North America during the forecast period.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-chemical-surface-treatments-market
The Prominent Key Players Operating in the Global Chemical Surface Treatment Market Include:
- Element Solutions Inc., (U.S.)
- NOF Corporation (Japan)
- Atotech (Germany)
- Henkel AG & Co. KGaA (Germany)
- Chemetall, Inc. (Germany)
- Nihon Parkerizing Co., Ltd. (Japan)
- PPG Industries, Inc. (U.S.)
- Nippon Paint Holdings Co., Ltd. (Japan)
- Solvay (Belgium)
- OC Oerlikon Management AG (Switzerland)
- McGean-Rohco Inc. (U.S.)
- JCU CORPORATION (Japan)
- Platform Specialty Products Corporation (U.S.)
- Quaker Chemical Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of chemical surface treatment market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Chemical Surface Treatment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
