Surface treatment is a mechanical or chemical process that alters the surface properties of an already manufactured product. A surface treatment is done to achieve desired characteristic features, to improve appearance and enhance adhesion or wettability, solderability, resistance to corrosion, tarnish, harmful chemicals, wear & tear. For the same, surface treatment chemicals are used which provides surface finishing operations such as reducing or enhancing photosensitivity, corrosion curing, and electroplating of metal surface. The — global surface treatment chemicals market is likely to achieve a steady CAGR over the forecast period of 2016-2023, projects Market Research Future (MRFR) in a detailed study.
Top 10 Key Players:
The eminent players in the global surface treatment chemicals market include
McGean-Rohco Inc. (The U.S.),
Platform Specialty Products Corporation (The U.S.),
Quaker Chemical Corporation (The U.S.),
Nihon Parkerizing Co., Ltd. (Japan),
PPG Industries (The U.S.),
Henkel AG & Co. KGa (Germany),
Solvay SA (Belgium),
Nippon Paint Holdings Co., Ltd. (Japan),
JCU CORPORATION (Japan),
OC Oerlikon (Switzerland)
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The global surface treatment chemicals market is experiencing heightened demand from diverse end-use industries such as automotive, construction, and electrical. Surface treatment chemicals add to the lifespan of metal equipment which makes them ideally suited for various applications in the automotive industry. The growing demand for low density yet tough metal in the automotive industry coupled with rising sales of passenger cars across the globe induces high demand for surface treatment chemicals which results in the expansion of the global surface treatment chemicals market. Furthermore, there is elevated demand for surface treatment chemicals from the emerging economies such as China, India, South Korea, and other African countries due to the ongoing industrialization in such regions which is fuelling the demand for surface treatment chemicals. Infrastructural and developmental projects across developing countries, increasing constructional activities in the commercial as well as the residential sector, and international trade in such regions is likely to augur the growth of the global surface treatment chemicals market. On the contrary, the growth of the global surface treatment chemicals market might be hampered by strict regulatory norms pertaining to the environmental implications of surface treatment chemicals. Nevertheless, the global surface treatment chemicals market will continue to experience continuous demand from various industry verticals due to the absence of any alternative.
The global surface treatment chemicals market has been segmented based on type, substrate type, and application.
By type, the global surface treatment chemicals market has been segmented anodizing solution, paint strippers, passivation, pickling, anti-corrosion, cleaners, and others.
By substrate type, the global surface treatment chemicals market has been segmented into metal, plastic, wood.
By application, the global surface treatment chemicals market has been segmented into automotive & transportation, industrial machinery, construction, electrical & electronics.
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In December 2018, Ya Thai Chemical, a leading company specializing in surface treatment solutions, announced collaboration with Ultraseal, an innovative aluminum die-cast sealant company. Ya Thai Company is planning on expanding its reach worldwide through such multinational partnerships and joint ventures.
By region, the global surface treatment chemicals market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA).
APAC accounts for the foremost share of the global market and is likely to be the fastest growing market for surface treatment chemicals as well. The APAC market is expanding on account of booming automotive and marine industry in the region. Countries such as China, Japan, and India are the key market in APAC where increasing public investment on infrastructural projects is supporting the growth of the market.
North America is the second largest market for surface treatment chemicals, led by the US. Heightened demand from end-use industries such as aerospace, defense, and marine in the region is contributing to the growth of the North America surface treatment chemicals market. Surging reconstruction activities in the region also act as a plus for the market growth.
Europe is a significant market for surface treatment chemicals spurred by the flourishing automotive industry. The UK, France, Italy, and Germany are the key markets in Europe.
Slow but steady industrialization in Brazil, Venezuela and other countries in Latin America drives the market for surface treatment chemicals.
The MEA market is likely to find growth opportunities in the coming years from the rapid expansion of the construction industry in the region.
Name: Abhishek Sawant
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Organization: Market Research Future
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