Surface Treatment Chemicals Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

For many years surface treatment chemicals are in the market and over the years demand of chemicals has been increasing owing to rising production of ferrous and non-ferrous metals along with other industrial products. In order to protect these materials from corrosion or to remove the oil or any other unwanted layer from the base materials, surface treatment chemicals are used. Further, to apply a protection or aesthetic layers on the base materials surface treatment chemicals are taken into consideration. Therefore, it is expected that with the rising industrial production, demand of metals would increase, thereby increasing the demand of surface treatment chemicals to remove unwanted layer and provide protection or aesthetic beauty to the base material. According to World Steel Association, the global apparent steel consumption (finished steel products), has increased to 1,771.8 million tons in 2020 from 1,446.1 million tons in 2012.

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According to UnivDatos Market Insights (UMI)’ research report “Global Surface Treatment Chemicals Market”, the market is expected to showcase growth of ~6% during the forecast period 2021-2027F. Growing demand for durable and high-quality products, minimize the loss owing to corrosion, and increasing industrial production are some of the key attributable factors for the growth of the market

Based on type, the market is categorized into cleaners, plating chemicals, conversion coatings, and others. Among these, cleaners or cleaning chemicals captured significant share in the market owing to their use to protect the materials from corrosion. Further, these chemicals are used to remove the oil from the metal surface, since without removing oil from the metal surface, paint or powered coating would not last for a longer period. Owing to such reasons, the demand of cleaning chemicals is likely to increase with increasing industrial production.

Based on material, the market is categorized into metals, plastics, and others. Among these, metal held the prominent share in the market owing to their susceptible nature towards corrosion. Further, in the production of metals, the metals are covered with oily surface which is necessary to remove before processing it further. Also, electroplating coating is widely used in metals to provide it an aesthetic look. Since the application areas of surface treatment chemicals is vast in the case of metal compared to plastic or any other materials, it accounts for the major share in the market.

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Asia pacific accounted for the significant share in the Surface Treatment Chemicals market

Asia Pacific accounted for the significant share in the global surface treatment chemical market and is likely to continue its dominating position during the forecast period. This can be ascribed to its vast construction and automotive & transportation industries. The regional countries like China, Japan, India, South Korea, are among the largest automobile producers. Further, in the last few years China’s construction industry showcased the robust growth, which in turn increase the consumption of metals and plastics in the region. In addition, the region is the global manufacturing hub, as a result accounted for the large consumption of metals and plastic thereby demand of surface treatment chemicals before utilizing materials in the final product is significantly higher in the regional countries.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Surface Treatment Chemicals market include BASF SE, PPG Industries Inc., Henkel AG & Co. KgaA, Nippon Paint Holdings Co. Ltd., Solvay S.A., OC Oerlikon, The Sherwin Williams Company, Quaker Chemical Corporation, Atotech Deutschland GmbH, and Nihon Parkerizing Co. Ltd. These companies are taking several strategic decisions to meet the growing demand and increase their market share. For instance:

·       In June 2020, BASF SE inaugurated its application center for metal surface treatment (MST), located in the Innovation Campus Shanghai, China. The center is a part of company’s Care Chemicals division in Asia and will deliver additives to the MST industry

·       In September 2019, BASF SE announced that the company started construction of new surface treatment site for its Chemetall brand in Pinghu, China. The facility expansion is likely to support the growing demand across multiple segments in China

“Global Surface Treatment Chemicals Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.   

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Market Segmentation:

1.     By Type (Cleaners, Plating Chemicals, Conversion Coatings, and Others)

2.     By Material (Metals, Plastics, and Others)

3.     By End-User (Automotive & Transportation, Construction, Electrical & Electronics, General Finishing, Industrial Machinery, and Others)

4.     By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

5.     By Company (BASF SE, PPG Industries Inc., Henkel AG & Co. KgaA, Nippon Paint Holdings Co. Ltd., Solvay S.A., OC Oerlikon, The Sherwin Williams Company, Quaker Chemical Corporation, Atotech Deutschland GmbH, and Nihon Parkerizing Co. Ltd.)

Key questions answered in the study:

1.     What are the current and future trends of the global Surface Treatment Chemicals industry?

2.     How the industry has been evolving in terms of type, material, and end-user?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global Surface Treatment Chemicals industry?

5.     What are the customer orientation, purchase behavior, and expectations from the global Surface Treatment Chemicals suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL SURFACE TREATMENT CHEMICALS MARKET COVID-19 IMPACT

6 GLOBAL SURFACE TREATMENT CHEMICALS MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY MATERIAL

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 SURFACE TREATMENT CHEMICALS MARKET DYNAMICS

12 SURFACE TREATMENT CHEMICALS MARKET OPPORTUNITIES

13 SURFACE TREATMENT CHEMICALS MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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