Automotive Surface Treatment Market Report
Automotive Surface Treatment Market is Segmented by Type (Automotive OEM, Automotive Components, and Automotive Wheels), 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)
Automotive Surface Treatment Market is Segmented by Type (Automotive OEM, Automotive Components, and Automotive Wheels), by Chemical Type (Cleaners, Conversion Coatings, Paint Strippers, Activation & Passivation Agents, and Others), by Substrate Type...
Impact of COVID-19 on Automotive 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.
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.
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.
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.
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.
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.
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-
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.
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 automotive surface treatment market is segmented into the following categories.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
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 email@example.com.
The automotive surface treatment market size is expected to reach US$ 1.5 billion in the foreseeable future.
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 are among the key players in the automotive surface treatment market.
Asia-pacific is expected to remain the largest automotive surface treatment market during the forecast period.
Metal is expected to be the most dominant substrate type in the automotive surface treatment market in the coming years.
The cleaner is expected to remain most dominant chemical type in the automotive surface treatment market during the next five years.
Automotive OEM is expected to be the largest segment in the automotive surface treatment market in the coming years.
Why are We Class Apart?
We Track Fast-Changing Market Dynamics for Clients
Our Intelligence is Powered by Industry Voice
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
We Serve Companies Across the Value Chain
Know High Growth Opportunities