Surface Treatment Market Analysis | 2021-2026

Market Insights

The surface treatment market is expected to reach US$ 5.0 billion by 2026, driven by steady growth over the forecast period 2021-2026.

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Market Dynamics

Overview of Surface Treatment and Its Benefits

Surface treatment is a process of enhancing the properties, including hardness, wear- and corrosion resistance, etc. of various surfaces. High quality and excellent durability can be achieved through efficient surface treatment processes. It is also a proven method for eliminating sludge generation in metals and maintaining excellent corrosion protection. The process usually involves cleaning, activation, phosphating, and passivation.

Market Drivers

Surface treatment are known to be very large and expanding mainly because demand has risen in automotive structure and construction with an added bonus in aerospace and electronics. Technological aspects and applications of ecological and sustainable chemicals are the two features adding to the growth of this market. The following concern is on the role played by market chemicals on etchants especially in operability with heavy machinery. Therefore, the COVID-19 disruption has also impacted the global market of JJ Food Ltd flawly but it is still assumable to rise up slowly. To demand by end consumers, the market has been well divided into automotive, construction, and aerospace industries and the segment left which also contributes to increasing the versatile application areas for market growth. In fact, it can also be concluded here that the surface treatment market is already on the edge of exiting through tremendous growth that is backed up with proper sector-specific changes and innovations.

COVID-19 Impact

The impact of the COVID-19 pandemic on the demand for surface treatments is different in different end-use industries. On one side, automotive and aerospace, the two major markets, registered a colossal downfall in the demand for surface treatments amid the pandemic. On the other side, metal processing, and aluminum finishing, the other two major markets, witnessed a mild impact of the pandemic. Overall, the global surface treatment market experienced a low double-digit decline in 2020, reaching a value of US$ 3.8 billion.

Segment Analysis

By End-use Industry Type

"Automotive industry is expected to remain the largest demand generator of surface treatment during the forecast period"

Stratview Research has firstly segmented the surface treatment market based on the end-use industry type as automotive, aerospace, general industry, metal processing, aluminum finishing, and others. The Automotive industry is expected to remain the largest demand generator of surface treatment during the forecast period. Wide usage of surface treatment chemicals on the body parts of vehicles, large automotive fleet size, and expected recovery in vehicle production in the post-pandemic market developments are some of the key driving factors of the segment’s market growth. Further, there is also an increase in demand for wear- and corrosion-resistant products across industry verticals such as automotive, steel, aluminum, metal processing, etc.

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By Chemical Type

"Cleaners are estimated to maintain their huge dominance in the market during the forecast period"

The surface treatment market is segmented as cleaners, conversion coatings, paint strippers, activation & passivation agent, and others. Cleaners are estimated to maintain their huge dominance in the market during the forecast period in the wake of their wide use in mass volumes in several applications. Traditional alkaline-based cleaners have high dominance in the segment; however, there is a trend of low-temperature surfactants along with an increasing preference for boron- and phosphate-free sustainable products.

By Substrate Type

"Metal segment is likely to maintain its dominance during the forecast period"

The market is segmented into metals, plastics, and others. The metal segment is likely to maintain its dominance during the forecast period, whereas the plastic segment is expected to grow at the highest rate over the same period. Metals are more prone to corrosion and degradation, making the use of surface treatment chemicals crucial in metal surfaces. Steel and aluminum are the major substrates where surface treatment chemicals are widely used.

Regional Analysis

"North America is expected to remain the largest market for surface treatments during the forecast period"

North America is expected to remain the largest market for surface treatments during the forecast period in terms of regions. The USA is the vanguard of the region’s market. On the other hand, Asia-Pacific is rich with lucrative growth opportunities over the forecast period as China and India are the key emerging countries and are consequentially gaining traction. Different regions are dominant in different market segments. For instance, the aluminum cans market segment is dominated by the North American region, whereas the automotive market segment is dominated by the Asia-Pacific region.

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Key Players

The supply chain of this market comprises raw material suppliers, surface treatment chemical manufacturers, distributors, tier players, and OEMs.

The key Surface Treatment chemical manufacturers are:

• Atotech Deutschland GmbH
• BASF SE
• Curtis-Wright Corporation
• Element solution Inc.
• Henkel Ag & Co.
• Nippon Paint Co., Ltd
• Nihon Parkerizing Co., Ltd
• NOF Corporation
• DUBOIS Chemicals
• Surtec
• PPG Industries
• Quaker Chemical Corporation.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s surface treatment market realities and future market possibilities for the forecast period of 2021 to 2026.
• The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the surface treatment market at the global, regional, as well as country levels. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenarios.
• The vital data/information provided in the report can play a crucial role for market participants and investors in the identification of low-hanging fruits available in the market and formulate growth strategies. 
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• About 15 detailed primary interviews with market players across the value chain in all major regions and industry experts have been executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The surface treatment market is segmented into the following categories:

By End-Use Industry Type 

• Automotive
• Aerospace
• Metal Processing
• Aluminum Finishing
• General Industry
• Others

By Chemical Type 

• Cleaners
• Conversion Coatings
• Paint Strippers
• Activation & Passivation Agents
• Others

By Substrate Type

• Metal Substrates
• Plastic Substrates
• Other Substrates

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.