Surface Treatment Market Report
Surface Treatment Market is Segmented End-Use Industry Type (Automotive, Aerospace, Metal Processing, Aluminum Finishing, General Industry, and Others), by Chemical Type (Cleaners, Conversion Coatings, Paint Strippers, Activation & Passivation Agents, and Others), by Substrate Type (Metal Substrates, Plastic Substrates, and Other Substrates), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Surface Treatment Market is Segmented End-Use Industry Type (Automotive, Aerospace, Metal Processing, Aluminum Finishing, General Industry, and Others), by Chemical Type (Cleaners, Conversion Coatings, Paint Strippers, Activation & Passivation Agents, and Others), by Substrate Type ...
Impact of COVID-19 on Surface Treatment Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
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. Another 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. An expected bounce-back is expected from 2021 onwards with sequential growth in the succeeding years, pushing the market to cross an unprecedented level of US$ 5.0 billion in 2026.
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.
Based on the chemical type, 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.
Based on the substrate type, the market is segmented as 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.
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 America region, whereas the Automotive market segment is dominated by Asia-Pacific region.
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-
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 the 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 the market players across the value chain in all major regions and industry experts have been executed to obtain both qualitative and quantitative insights.
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 the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The surface treatment market is segmented into the following categories.
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The surface treatment market size is expected to reach US$ 5.0 billion in the foreseeable future.
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 are among the surface treatment market.
North America is expected to remain the largest segment in the surface treatment market during the forecast period.
The metal segment is expected to remain dominant in the surface treatment market in the coming five years.
The automotive industry is expected to be the largest demand generator in the surface treatment market in the next five years.
The supply chain of surface treatment market comprises raw material suppliers, surface treatment chemical manufacturers, distributors, tier players, and OEMs.
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