Market Insights
The automotive industry is undergoing the most disruptive journey with the industry moving on several fronts including electric vehicles, lightweight vehicles, autonomous vehicles, artificial intelligence, and connectivity. The selection of the materials for manufacturing vehicles and their components proved to decisive in achieving overall vehicle performance. Surface treatment chemicals are considered an influential material on the overall performance of the parts used in the automotive industry.
The automotive industry remains the biggest demand generator of surface treatment chemicals over the eons among several industries. All the major companies are serving their surface treatment chemicals for the automotive industry. The demand for surface treatment chemicals is immensely impacted by the Pandemic, which took the market to below its 2012-market value. The market is estimated to commence recovery from 2022 onwards, helping the industry stakeholder to recoup the market’s pre-pandemic level by 2023, ultimately pushing the market to reach an iconic figure of US$ 1.5 billion in 2026.
Segments' Analysis
Automotive Surface Treatment Market Share by Type
Stratview Research has firstly segmented the automotive surface treatment market based on the type as OEM, Components, and wheels. OEM is expected to remain the largest segment of the market during the forecast period. OEMs are demanding coatings and plating chemicals for decorative painting purposes and eventually corrosion protection on the different parts of vehicle bodies and components.
Automotive Surface Treatment Market Share by Chemical Type
Based on the chemical type, the automotive surface treatment market is segmented as cleaners, conversion coatings, paint strippers, activation & passivation agents, and others. The cleaner is estimated to maintain its huge dominance in the market during the forecast period because of its wide usage in the automotive industry. They are used on the body, chassis, and other major parts to prevent corrosion and rust. A multitude of cleaners, such as acidic cleaners and alkaline cleaners, are used in several applications in the automotive industry. Cleaning is the first and foremost step in automotive surface treatment processes, assuring the significant use of these chemicals in the industry.
Automotive Surface Treatment Market Share by Substrate Type
Based on the substrate type, the market is segmented as metals, plastics, and others. Metal is likely to remain the most dominant substrate type in the market during the forecast period, whereas plastic is expected to be the fastest-growing substrate type over the same period. Stringent regulations regarding the enhancement of fuel efficiency and reduction in carbon emissions leaving no options for automakers except to incorporate lightweight materials, specially reinforced plastics, with an aim to truncate the overall vehicle weight. Change from heavyweight metal to lightweight plastics is driving the demand for surface treatment in the plastics segment.
Regional Analysis
In terms of regions, Asia-Pacific is expected to remain the largest market for automotive surface treatments during the forecast period. China, India, Japan, and South Korea are the biggest demand generators of surface treatments for the automotive industry in the region. These countries are also the homes of several leading automakers with the presence of huge automotive component manufacturing and assembly plants. All the major surface treatment manufacturers also have an excellent presence in the major countries to tap the growing market potentials.
Europe and North America, the other two major markets, are also anticipated to create healthy growth opportunities in the post-pandemic market developments. However, the growth rate of both markets is likely to be significantly lower than that of the Asia-Pacific region in the coming five years.
Key Players
The supply chain of this market comprises raw material suppliers, surface treatment manufacturers, distributors, tier players, and OEMs.
The key automotive surface treatment chemical manufacturers are-
- Henkel Ag & Co
- Chemetall (BASF)
- PPG Industries
- Nihon Parkerizing
- Curtis Wright
- Nippon Paint Co
- Atotech Deutschland GmbH
- Element solution Inc.
- Quaker Chemical Corporation
- NOF Corporation.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive 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 automotive 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 as well as investors in the identification of low-hanging fruits available in the market as well as 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.
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. 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 forecast analysis
- Market segment forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
The automotive surface treatment market is segmented into the following categories.
Automotive Surface Treatment Market Size, Share & Forecast, By End-Use Type
- Automotive OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive Components (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive Wheels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Surface Treatment Market Size, Share & Forecast, By Chemical Type
- Cleaners (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Conversion Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Paint Strippers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Activation & Passivation agents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Surface Treatment Market Size, Share & Forecast, By Substrate Type
- Metal Substrates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Plastic Substrates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other Substrates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Surface Treatment Market Size, Share & Forecast, By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and RoE)
- Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and RoAP)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Report 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, and regional presence.
Custom Research: Stratview research offers custom research services across the 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 at sales@stratviewresearch.com.
