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The Global Surface Treatment Chemicals Market Size is valued at 6.53 billion in 2023 and is predicted to reach 12.98 billion by the year 2031 at an 9.22% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- Increased demand from various end-use industries, including construction, industrial machinery, packaging, and transportation, propels the chemical surface treatment market share to new heights worldwide.
- The rising demand for sophisticated surface treatment chemicals in the automotive sector is a major driver propelling the market forward.
- Asia Pacific dominated the market and accounted for a revenue share of global revenue in 2023.
- Strict government regulations about increased VOC emissions rates during the process will impede market expansion in the chemical surface treatment industry.
The practice of altering a previously created product's surface attributes in order to obtain desired characteristics is known as surface treatment. It is a mechanical or chemical technique used to enhance solderability, adhesion or wettability, corrosion resistance, tarnish resistance, resistance to toxic chemicals, and wear and tear resistance.
Additionally, it adds hardness, changes heat conductivity and electrical conductivity, smoothest out surface defects, and controls surface friction and attrition. Also, chemical-based surface finishing activities, including photosensitivity improvement or reduction, paint and another tough stain stripping, corrosion curing, and, most critically, metal surface electroplating, are performed using surface treatment chemicals. They are used in a variety of industrial metals and machinery to increase performance and durability. They are also extensively employed in the electrical, construction, and automotive sectors.
Moreover, aluminium corrosion is encouraged by chemical treatment, which is predicted to speed up market expansion. The potential of surface treatment chemicals to lessen the effects of infections and to promote the adoption of the plating technique in the metal industry are additionally essential elements influencing the market expansion.
The rapid development of several end-use industries across significant regions, including North America, Asia Pacific, and others, is another crucial factor for market growth. The need for surface treatment chemicals is predicted to rise as a result of increased end-user demand. It is projected that sectors including automotive, construction, electrical and electronics, aerospace, and others will continue to drive market demand in the years to come.
Recent Developments:
- In February 2022, PPG announced the purchase of Arsonsisi's powder coatings branch. Arsonsisi is a well-known exporter of specialist powder coatings for residential and commercial use. PPG will be able to expand its powder coatings portfolio throughout Europe, the Middle East, and Africa as a result of the acquisition (EMEA). It also contains metallic bonding, which is one of the fastest growing sectors for powder coatings, which are widely used in specific treatments for automobiles, homes, and general industrial usage.
- In October 2021, Alberts Surface Technologies GmbH established a comprehensive partnership with HoellerElectrolyzer GmbH in the field of highly effective electrolyze surface treatment. The collaboration's goal was to significantly reduce the cost of hydrogen generation while also improving its accessibility. The incredibly effective prolonged coatings will be sprayed on in-line machines in Lübeck for large yields, exposing Hoeller to Europe's limited production capacity.
Competitive Landscape:
Key players are:
- Henkel AG & Co. KGaA
- Nippon Paint Holdings Co., Ltd.
- OC Oerlikon Management AG
- PPG Industries, Inc.
- Quaker Chemical Corporation
- The Sherwin-Williams Company
- Nihon Parkerizing Co., Ltd.
- ALANOD GmbH & Co. KG
- Bulk Chemicals Inc.
- Chemetall GmbH
- Aalberts Surface Technologies
- NOF CORPORATION
- Atotech
- JCU CORPORATION
- Element Solutions Inc
- Trion Coatings, LLC
- ChemTech Surface Finishing Pvt. Ltd.
- YUKEN Surface Technology, S.A. de C.V.
- IONICS
Market Segmentation:
The global surface treatment chemical market is classified into four sections: end-user industry, base material, chemical type, and treatment method. Based on chemical Type, the market is segmented into Cleaners, Plating Chemicals, Conversion Coatings, and Others. Based on Base Material, the market is segmented into Metals, Plastics, and Others. Based on End-Use Industry, the market is segmented into transportation, construction, general industry, industrial machinery, packaging, and Others. Based on treatment method, the market is segmented into electroplating, chemical treatment, thermal spraying, hot dipping, plating chemicals and others
Based on Treatment Method, the Plating Chemicals Segment held the Largest Share of the Global Market
The plating chemicals segment held the largest market share. The market for plating chemicals has grown due to its versatility for usage in a variety of end-use industries, including transportation, manufacturing, and construction. The Surface Treatment Chemicals Market category for cleaning chemicals is anticipated to experience the quickest growth over the period of forecast.
The Plastics Segment is Projected to Lead the Market
The plastics segment is expected to dominate the market. Plastics' choice over metals in different end industries, including transportation and building, can be credited to the market's growth in this segment. Plastics are incredibly simple to manufacture because they can very easily be shaped and machined. They also require less finishing.
The Region's Expanding Automotive Sector Makes the Asia Pacific the Biggest Market for Surface Treatment Chemicals
Asia Pacific is the largest and fastest growing market among them, owing to the region's growing construction industry, as well as its continuously growing automotive and marine industries. Because of increased government investment in the infrastructure sector, India, Japan, South Korea, and China are the region's largest markets. Following Asia Pacific, North America is the second largest shareholder in the Global Surface Treatment Chemicals Market. Because of increased demand for the product from diverse industries such as aerospace, marine, and defence, as well as significant reconstruction efforts in this country, the United States is the largest market in this region. Europe is another important area in the Global Surface Treatment Chemicals Market, with the United Kingdom, France, Germany, and Italy being the key contributors.
Surface Treatment Chemicals Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 6.53 billion |
|
Revenue forecast in 2031 |
USD 12.98 billion |
|
Growth rate CAGR |
CAGR of 9.22% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Chemical Type, Base Material, End user Industry, Treatment Method |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Element Solutions Inc., (U.S.), NOF Corporation (Japan), Atotech (Germany), Henkel AG & Co. KGaA (Germany), Chemetall, Inc. (Germany), Nihon Parkerizing Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), Nippon Paint Holdings Co., Ltd. (Japan), Solvay (Belgium), OC Oerlikon Management AG (Switzerland), McGean-Rohco Inc. (U.S.), JCU CORPORATION (Japan), Platform Specialty Products Corporation (U.S.). Quaker Chemical Corporation (U.S.) |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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