Metal Processing Surface Treatment Market Report
Metal Processing Surface Treatment Market is Segmented by Application Type (Can, Coil, Metal Forming, and Others), by Chemical Type (Cleaners, Conversion Coatings, Paint Strippers, Activation & Passivation Agents, Lubricants, and Others), by Substrate Type (Steel Substrate, Iron Substrate, and Other Substrates), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Metal Processing Surface Treatment Market is Segmented by Application Type (Can, Coil, Metal Forming, and Others), by Chemical Type (Cleaners, Conversion Coatings, Paint Strippers, Activation & Passivation Agents, Lubricants, and Others), by Substrate Type...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy 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 metal processing industry is one of the major markets for surface treatments, occupying more than a 20% share of the total market. The surface of various metals can be treated to deliver the protective, aesthetic, and desired finished surfaces. Across the world, various iron, steel, and aluminum mills have been working for the development of advanced solutions for various end markets in which surface treatment plays a vital role. In recent times, there have been notable advancements in coating, pre-treatment, or surface protection technologies to enhance performance, ease of processing, and reducing cost.
Unlike other industries such as aerospace and automotive, the metal processing industry has relatively been untouched by the impact of the COVID-19 pandemic. Can and coil, the major applications of surface treatment chemicals, witnessed a mild impact of the pandemic, a key factor behind a relatively low impact of the pandemic on the demand for surface treatment compared with the other major markets for surface treatment like aerospace and automotive. Overall, in 2020, the metal processing surface treatment market experienced a low-end single-digit decline and is likely to witness a decent growth (3.7% CAGR, 2021-2026) in the coming years, taking the overall market to reach close to a billion-dollar mark by 2026.
Stratview Research has firstly segmented the metal processing surface treatment market based on the application type as can, coil, metal forming, and others. Coil application holds a strong dominance in the market and is likely to retain its share in the years to come. The application type is also likely to witness the highest growth rate over the next five years. Metal forming also holds a reasonable share of the market and is likely to retain its position in the near future as well.
Based on the chemical type, the metal processing surface treatment market is segmented as cleaners, conversion coatings, paint strippers, activation & passivation agents, and others. Among all chemical types, cleaner holds a gigantic share of the market. Stringent health, safety, and environmental standards are positively impacting the demand for all surface treatment chemicals including cleaners. Another noticeable trend noticed in the market is the increase in the traction of organic and sustainable solutions.
In terms of regions, North America is likely to retain its high dominance in the market in the foreseen future. In some key application areas, the dominance level of Western economies, such as the USA and Western European countries, is even higher. For instance, the USA is by far having a gigantic share in the can industry. Asia-Pacific is likely to witness the highest growth during the forecast period. Most of the growth is attributed to emerging economies such as China and India.
The supply chain of this market comprises raw material suppliers, surface treatment manufacturers, distributors, tier players, and OEMs. The key metal processing surface treatment manufacturers are AD International B.V., BASF SE, Cabot Corporation, Henkel Ag & Co., Nihon Parkerizing Co. Ltd., Nippon Paint Co., Ltd, NOF Corporation, PPG Industries, and Quaker Chemical Corporation.
This strategic assessment report, from Stratview Research, is one of the exclusive reports from the shelf of surface treatments. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the metal processing 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 metal processing surface treatment market is segmented into the following categories.
Metal Processing Surface Treatment Market, By Application Type
Metal Processing Surface Treatment Market, By Chemical Type
Metal Processing Surface Treatment Market, By Substrate Type
Metal Processing Surface Treatment Market, By Region
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