The global surface treatment market is projected to witness a growth rate of 5.2% annually from 2021 to 2026, with an anticipated size of US$ 5.0 billion by 2026, according to an analysis by Stratview Research
Stratview Research, a global market research firm has launched a report on the global surface treatment market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Market Statistics
Market Size in 2020: US$ 3.8 billion
Market Size in 2026: US$ 5.0 billion
Leading End-Use Industry Type: Automotive Industry
Leading Chemical Type: Cleaners
Leading Substrate Type: Metal
Leading Region: North America
Forecast Period: 2020-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights & Market Share Analysis of the Surface Treatment Market:
The global surface treatment market is segmented based on end-use industry type, chemical type, substrate type and region.
Based on End-Use Industry type –
- The surface treatment market based on the end-use industry type as automotive, aerospace, general industry, metal processing, aluminum finishing, and others.
- Cleaners are estimated to maintain their huge dominance in the market during the forecast period
- 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.
Based on the Chemical type -
- 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.
Based on the Substrate type –
- The market is segmented into 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.
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
"North America is expected to remain the largest market for surface treatments during the forecast period"
- 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.
Surface Treatment Market Drivers:
Some of the key drivers listed in the report are given below.
- 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.
- Surface treatments are known to be very large and expanding mainly because demand has risen in automotive structure and construction with an added bonus in aerospace and electronics.
- Technological aspects and applications of ecological and sustainable chemicals are the two features adding to the growth of this market. The following concern is on the role played by market chemicals on etchants especially in operability with heavy machinery.
- To demand by end consumers, the market has been well divided into automotive, construction, and aerospace industries and the segment left which also contributes to increasing the versatile application areas for market growth.
- In fact, it can also be concluded here that the surface treatment market is already on the edge of exiting through tremendous growth that is backed up with proper sector-specific changes and innovations.
Competitive Landscape: Top Companies in the Surface Treatment Market:
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.
Note: The above list does not necessarily include all the top players in the market.
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
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