General Industry Surface Treatment Market Report
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 surface treatment market for the general industry was estimated at US$ 1.0 billion in 2020 and is estimated to grow at a healthy rate over the next five years to reach US$ 1.3 billion in 2026. The general industry covers a multitude of applications such as electrical & electronics, HVAC, railway, industrial machinery, agriculture equipment, construction equipment, furniture, and garden fences.
The COVID-19 pandemic significantly affected the demand for surface treatment chemicals in the general industry segment; however, the impact of the pandemic was not uniform with demand for these treatment chemicals in some applications enormously declined amid the pandemic, whereas, some applications, such as electrical & electronics, looked resilient.
Stratview Research has firstly segmented the market based on the application type as electrical & electronics, HVAC, agriculture and construction, general manufacturing, and others. Electrical & electronics account for a reasonable share and are likely to offer impressive growth opportunities for the market participants in the coming years. Key application areas of surface treatments in electrical & electronics are circuit assemblies, consumer electronics (smartphones, etc.), white goods (washing machine housing, etc.), and telecommunication antennas. The HVAC and General manufacturing segments also hold a sizable share; however, the growth of these applications is extensively affected by the economic performance.
Based on the chemical type, the market is segmented as cleaners, conversion coatings, paint strippers, activation & passivation agent, and others. The cleaner is estimated to maintain its huge dominance in the general industry surface treatment market during the forecast period. Conversion coatings also hold a significant share of the market and are likely to retain their position in the coming years.
In terms of regions, North America holds the leading position in almost all the major application areas. The USA acts as the growth engine of the region with strong industrialization and urbanization in the country. Asia-Pacific also offers sizable market opportunities in the coming years. China holds a gigantic share in the region, being a manufacturing hub for various industries.
The supply chain of this market comprises raw material suppliers, surface treatment chemical manufacturers, distributors, tier players, and OEMs. The key general industry surface treatment manufacturers are BASF SE, Curtis-Wright Corporation, Element solution Inc., Henkel Ag & Co., Nippon Paint Co., Ltd, NOF Corporation, DUBOIS Chemicals, Surtec, PPG Industries, Quaker Chemical Corporation, and Vantage Specialty Chemicals.
This strategic assessment report, from Stratview Research, is one of the exclusive reports from the shelf of the surface treatment family. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the General Industry 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 general industry surface treatment market is segmented into the following categories.
General Industry Surface Treatment Market, by Application Type
General Industry Surface Treatment Market, by Chemical Type
General Industry Surface Treatment Market, by Substrate Type
General Industry Surface Treatment Market, By Region
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 protected].
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