Surface Treatment Market Growth Analysis

Market Insights

The Surface Treatment Market will reach US$ 5.0 Bn by 2026. The increasing demand for surface treatment is driven by various factors, including the growing automotive and aerospace industries, the rising use of electronic devices, and the need for corrosion-resistant coatings in construction and infrastructure projects. 

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What is the surface treatment?

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.

Segment Analysis

End-use Industry Trends

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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Chemical Trends

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.

Substrate Trends

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.

Regional Analysis

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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Market Dynamics

The surface treatment industry is constantly evolving, with new technologies and innovative products being developed to meet the changing needs of customers. For example, nanotechnology-based coatings are gaining popularity due to their superior properties such as enhanced wear resistance, improved corrosion protection, and high durability.

The surface treatment industry is subject to strict environmental regulations that aim to reduce the use of hazardous materials and minimize the environmental impact of surface treatment processes. This has led to the development of eco-friendly and sustainable surface treatment products and processes.

The surface treatment market is highly competitive, with numerous players operating in the industry. Companies are focusing on developing new and innovative products to stay ahead of the competition and gain a larger market share.

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. 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.

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.

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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

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 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.

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)

Market Segmentation

• Current market segmentation of any one of the application types by product type.

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.