Chemical Surface Treatment Market was valued at USD 13.71 Billion in 2021 and expected to reach USD 20.07 Billion by 2028 with the CAGR of 5.6% over the forecast period.
Global Chemical Surface Treatment Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand across end user industries and expanding industrialization & advancements in heavy machinery are some of the major factors driving the growth of the Global Chemical Surface Treatment Market.
Chemical surface treatment is the process of altering the surface of aluminum using chemicals. Furthermore, Surface treatment is a process of making a material's surface more functional, such as improving corrosion and wear resistance, or improving its appearance. Chemical surface treatment procedures include; pickling, chemical polishing, and chromatin or phosphating. Chromatin/phosphating is a common pretreatment before powder coating and is an excellent illustration of chemical surface treatment's function. Moreover, chemical surface treatments are all characterized by exceptionally thin chemical conversion layers. Surface treatment includes painting on an automobile's body, printing the manufacturer's name and other information on the surface of domestic appliances, and """"plating"""" put under the paint on guardrails. Heat treatment, such as quenching, is given to metal items such as gears and blades as part of surface treatment. Surface treatments are classified as either removing something from the surface, such as scraping or melting it, or adding something to the surface, such as painting.
The Coronavirus outbreak has also impacted the the demand for chemical surface treatments owing to increased demand for surface cleaning products to prevent Covid-19 infection over the world during the pandemic. Several major corporations have introduced a new surface treatment chemical to prevent and eliminate Covid-19 infection. On July 21st, 2020, Affix Labs, announced the world's first long-lasting surface treatment to eliminate the coronavirus. The chemical surface treatment market would prosper significantly owing to the growth in demand from other end-user industries.
The global chemical surface treatment market is segmented based on type, base material, end-users and geography. Based on type, global chemical surface treatment market is divided into cleaners, plating chemicals, conversion coatings, and others. Based on the base material, the market is classified into metals, plastics, and others. Based on end-use industry, global chemical surface treatment market is divided into transportation, construction, general industry, industrial machinery, packaging, and others.
The regions covered in this Global Chemical Surface Treatment Market report are North America, Europe, Asia-Pacific, and the Rest of the World. Based on a country level, the market for Global Chemical Surface Treatment is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 13.71 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 20.07 Billion
|Tables, Charts & Figures:
|Chemical Surface Treatment Comapnies
|Element Solutions Inc., NOF Corporation, Atotech, Henkel AG & Co. KGaA, Chemetall, Inc., Nihon Parkerizing Co., Ltd., and PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., Solvay, OC Oerlikon Management AG, McGean-Rohco Inc., JCU Corporation, Platform Specialty Products Corporation and Quaker Chemical Corporation and others.
|By Type, By Base Material, By End-User
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Some of the key players in the Global Chemical Surface Treatment Market are Element Solutions Inc., NOF Corporation, Atotech, Henkel AG & Co. KGaA, Chemetall, Inc., Nihon Parkerizing Co., Ltd., and PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., Solvay, OC Oerlikon Management AG, McGean-Rohco Inc., JCU Corporation, Platform Specialty Products Corporation and Quaker Chemical Corporation and others.
Increasing demand across end-user industries, expanding industrialization & advancements in heavy machinery are some of the major factors driving the growth of the market. Chemical surface treatment is becoming increasingly popular in a variety of end-use industries, including packaging, transportation, industrial machinery, and construction, which is propelling the global chemical surface treatment market share upward. Additionally, chemical surface treatments provide corrosion resistance, wear resistance, electrical conductivity, electrical resistance, reflexivity, torque tolerance, hardness, and chemical resistance to base substrates in a variety of end-use industries, including transportation, industrial machinery, and packaging, construction, among others. According to Brandessence, the global machinery market growth is about 6.3% in 2021 up to USD 2.12 trillion. The worldwide machinery sector is highly consolidated from a regional perspective, with the top five areas accounting for over 70% of global market value. China alone produces about 40% of the world's machinery. Chemical surface treatment products would profit from rising industrial machinery demand, which would boost the market for chemical surface treatment products.
Also, the increasing construction activities around the world is also helping to generate huge growth in the market. For example; in 2021, the total money spent on construction is USD 7.3 trillion. China, India, the United States, and Indonesia would account for 58.3 percent of worldwide construction growth. The residential construction sector grew at a 7.1% compound annual growth rate by 2021, making it the fastest-growing sector in global construction. The residential sector represented 44% of total global construction work in 2020, making it the largest sub-sector which is driving up the global chemical surface treatment market share.
However, government's stringent guidelines regarding the emission of volatile organic compounds (VOC) during chemical surface treatment may hamper the growth of the market. In spite of that, advancements in heavy machinery may extend profitable opportunities to the market players.
Global Chemical Surface Treatment Market Regional Analysis–
Asia-Pacific is expected to show a significant growth in the global chemical surface treatment market owing to the business expansion and the growing awareness of among customers regarding its benefits. Considering the presence of low-cost raw materials in the region, China is leading the expansion of the Asia-Pacific market. Additionally, increased public investment in the infrastructure sector, India, Japan, South Korea, and China are the primary markets in this area. According to Brandessence market research, Asia's standpoint stays positive, with a development of 1.3% in the first quarter of 2022. Similarly in the first quarter of 2022, India had invested worth USD 57.65 billion (826 projects) in the project and technical assistance. In contrast to China, 1314 projects were announced worth USD 45.88 billion which pushes the growth of the Chemical Surface Treatment market.
At the same time, the production, and sales of vehicles in the Asia-Pacific region are growing exponentially. As a result, the chemical surface treatment market is benefiting to some extent, for instance, in 2021, the total number of vehicles produced by China was 26.8 million which is 3% more than the production rate in 2020, which is 25.2 million pushing the demand for the chemical surface treatment market.
However, North America is anticipated to stay a key region within the market during the forecast period owing to increasing demand from various sectors such as aeronautics, marine, and defense industries and growing reconstruction activities in this region. Military spending in the United States reached USD 778 billion in 2020, up 4.4 percent from 2019. The United States, as the world's largest military spender, contributed 39% of overall military spending in 2020. Following seven years of continual cuts, the US military budget increased for the third year in a row is also fuelling the growth of the market.
By Base Material
By Base Material
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