Market Overview
Surface Treatment Chemical is an aluminum surface modification performed using chemical processes. These treatments are used majorly in the automobile industry for finishing operations like coating, powdering, and anodizing. There are different types of these chemical surface treatments like chemical polishing, chromatin/phosphating, and pickling.
According to MarkNtel Advisors’ research report, "Global Surface Treatment Chemicals Market Analysis, 2021," the market is likely to expand at a CAGR of 5.7% between 2021-26. The rapid industrialization & improvements of heavy machinery increase the demands & requirements of surface treatment chemicals.
Hence, it is likely to drive the market growth and produce opportunities for domestic & global manufacturers in the forecast period. With the growing population, the demand for residential & commercial infrastructure shall also see significant growth.
Impact of COVID-19
In APAC countries, the automotive industry covers approximately 50% of the total consumption of surface treatment chemicals. The Global Surface Treatment Chemicals market was heavily affected by the COVID-19 outbreak after witnessing a temporary fall. The decline by 30–40% in automotive, transport, and construction businesses reduced the demand for surface treatment chemicals due to lockdown in regions.
Market Segmentation
Plating Chemicals Segment Accounted for the Largest Market Share
Based on type, the plating chemicals segment held the largest share of the chemical surface treatments market in 2016. The growth attributes to the surging use of plating chemicals in various end-use industries, such as transportation, industrial machinery, and construction. Cleaning chemicals remove oils & coolants, carbon smut, metal oxides, lapping compounds, and other soils during surface treatment processes. Hence, the Cleaning Chemicals segment of the chemical surface treatment market shall grow in the forecast period. The growing use of surface cleaning chemicals has increased production. It is hence feeding the market growth and likely to propel in the coming years.
Plastic to lead the market in Forecast Years
Based on material, the plastics segment is likely to lead the market in the coming period. It associates with the choice of people between plastics over metals in industries like transportation & construction. Alongside, plastics can be formed and machined easily, which results in efficient fabrication and lessened finishing. Therefore, the factors cited above are likely to increase the demand & growth of the market, states MarkNtel Advisors in their research report, "Global Surface Treatment Chemicals Market Analysis, 2021."
Regional Landscape
APAC accounted for the Largest Market Share
The APAC region accounted for the largest market share globally in the previous few years, leading to significant market growth. It owes to the massive inauguration of an industrial base and increased supply requirements in the automobile industry. Moreover, the governments of various countries in the APAC region invested heavily, which led to the robust growth of the Global Surface Treatments Chemicals Market in Asia-Pacific.
Market Driver and Restrainers
The rapidly expanding industrialization & advancements in heavy machinery is the prime factor likely to increase the demand for the supply of Surface Treatment Chemicals globally. Hence, it shall create opportunities for both Domestic and Global manufacturers in the forecast period. With the growing population, the demand for residential & commercial infrastructure shall also witness robust growth. However, environmental regulations for emissions are critical factors restricting the volume sales of surface treatment chemicals globally.
Competitive Landscape
According to MarkNtel Advisors, the major leading players in the Global Surface Treatment Chemicals Market are AHC Oberfl?chentechnik GmbH, Bulk Chemicals Inc., Chemetall GmbH, Henkel AG & Co. KGaA, JCU CORPORATION, Nippon Paint Holdings Co., Ltd., Element Solutions Inc (formerly Platform Specialty Products Corporation), Solvay S.A, Derivados del Fl?or (DDF), SurTec International GmbH, etc.
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Surface Treatment Chemicals Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Surface Treatment Chemicals Market?
4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in the Global Surface Treatment Chemicals Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Surface Treatment Chemicals Market study?
Market Outlook, Segmentation, and Statistics
1. Impact of COVID-19 on Global Surface Treatment Chemicals Market
2. Market Size & Analysis
2.1. By Revenue
2.2. Market Share & Analysis
2.3. By Type
2.3.1. Corrosion Protection Chemicals
2.3.2. Conversion Coatings
2.3.3. Phosphate Conversion Coating
2.3.4. Oxide Conversion Coating
2.3.5. Chromate Conversion Coating
2.3.6. Phosphate Free Conversion Coating
2.3.7. Electro Ceramic Conversion Coating
2.3.8. Nano Ceramic Conversion Coating
2.3.9. Coil Coatings
2.3.10. Cleaners
2.3.11. Anodizing Chemicals
2.3.12. Passivation Agents
2.3.13. Others
2.4. By Base Metal
2.4.1. Metal
2.4.2. Iron & Steel
2.4.3. Aluminum
2.4.4. Others
2.4.5. Plastic
2.4.6. Glass
2.4.7. Wood
2.5. By Application
2.5.1. Automotive Industry
2.5.2. Industrial Machinery
2.5.3. Coil Industry
2.5.4. Aerospace Industry
2.5.5. Metal Working Industry
2.5.6. Glass Industry
2.5.7. Wood Industry
2.6. By Region
2.7. North America Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.7.1. The US Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.7.2. Canada Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.8. South America Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.8.1. Brazil Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.9. Europe Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.9.1. The UK Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.9.2. Germany Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.9.3. France Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.10. Asia-Pacific Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.10.1. China Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.10.2. South Korea Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.10.3. Japan Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.11. The Middle East & Africa Surface Treatment Chemicals Market Outlook, 2016-2026F (USD Million)
2.12. By Competitors
2.12.1. Competition Characteristics
2.12.2. Market Share & Analysis
2.12.3. Competitive Matrix
3. Global Surface Treatment Chemicals Market Hotspots & Opportunities
4. Global Surface Treatment Chemicals Market Regulations & Policy
5. Key Strategic Imperatives for Success and Growth
6. Global Competition Outlook
6.1. Competition Matrix
6.2. Company Profile