Chemical Surface Treatment Global Market Report 2024

The chemical surface treatment market size has grown strongly in recent years. It will grow from $14.67 billion in 2023 to $15.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. Historical growth was fueled by various factors, including the expansion of manufacturing, the need for corrosion prevention, requirements for metal finishing, advancements in electronics and semiconductors, and the demands within the aerospace and defense industries.

The chemical surface treatment market size is expected to see strong growth in the next few years. It will grow to $21.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. Anticipated growth in the upcoming period is connected to the adoption of smart coatings, the expansion of healthcare infrastructure, the increased usage of high-performance plastics, growing demand for functional coatings, and innovations in pre-treatment processes. Major trends expected in this forecast period encompass the adoption of eco-friendly treatment methods, the application of nanotechnology for surface treatment, the utilization of water-based surface treatment solutions, advancements in thermal spray coatings, and customization catering to specific end-use industries.

The burgeoning automotive sector is anticipated to drive growth in the chemical surface treatment market. Shifting economic dynamics and an improved standard of living have significantly altered consumer purchasing capabilities. While the economic fallout of COVID-19 has disrupted global norms, it is expected to pave the way for a new societal framework. With social distancing crucial in combating the pandemic, there has been a notable upsurge in the demand for personal transportation globally. Additionally, mounting concerns about climate change and the pursuit of net-zero emissions are propelling a worldwide transition to emission-free vehicles. This transition has led to a surge in the production of electric and hybrid vehicles, marking a shift from traditional petroleum-based products to locally powered alternatives. This heightened demand within the automotive sector has consequently escalated the need for chemical surface treatments to shield materials from corrosion and enhance their operational properties. For instance, as per the April 2022 report by the European Automobile Manufacturers Association, global motor vehicle production reached 79.1 million units in 2021, marking a 1.3% increase from the previous year. Consequently, the escalating automotive industry is set to propel the chemical surface treatment market forward.

The anticipated surge in the construction sector is poised to drive the expansion of the chemical surface treatment market in the foreseeable future. Construction encompasses the comprehensive process of conceptualizing, designing, assembling, and erecting physical structures, facilities, or infrastructure. Within this industry, chemical surface treatments play a pivotal role in augmenting the resilience, functionality, and visual appeal of construction materials. These treatments, including sealers, coatings, and water repellents, serve to safeguard concrete structures against water infiltration, chemical corrosion, and environmental deterioration. As an illustration, a September 2021 report from Oxford Economics, a UK-based economic research firm, forecasts a staggering 42% increase in global construction output by 2030, equating to a substantial rise of $4.5 trillion to reach a total of USD 15.2 trillion. Consequently, the escalating demand within the construction realm stands as a key driver behind the growth trajectory of the chemical surface treatment market.

The prevailing trend dominating the chemical surface treatment market centers around technological advancements. These innovations in surface coating treatments serve a crucial role in fortifying materials against wear and tear in high-stress applications. Specifically designed to exhibit wear resistance, minimize friction, and provide protection against corrosive substances and harsh cleaning agents, these treatments aim to enhance operational efficiencies. Key industry players within the chemical surface treatment sector are deeply engaged in crafting novel technological solutions to align with evolving customer needs. For instance, in January 2022, ABB, a renowned Switzerland-based automation company, unveiled low voltage flameproof motors engineered for use in explosive environments. Notably, these motors are equipped with advanced surface treatments that render them resilient even in the most severe environmental conditions. The motors are meticulously constructed with a robust frame and integrated feet to ensure both sturdiness and vibration-free performance in foot-mounted applications.

Leading companies within the chemical surface treatment market are directing their efforts towards introducing cutting-edge solutions such as PVF (Polyvinyl Fluoride) to establish a competitive advantage. PVF, a thermoplastic fluoropolymer, is renowned for its exceptional performance in challenging conditions, boasting high thermal stability, commendable chemical resistance, and outstanding dielectric properties. In a noteworthy development in December 2023, DuPont, a prominent US-based chemicals company, unveiled Printed Tedlar PVF (Polyvinyl Fluoride) solutions alongside PVF coating options. The Printed Tedlar PVF solutions, crafted with Tedlar - a distinctive material - combined with PVF coatings, exhibit remarkable attributes such as superior chemical resistance, flexibility, hydrolysis resistance, and UV stability. These materials find application in both architectural and industrial settings, harnessing surface treatment and coating technologies to enhance their performance and versatility.

In January 2022, MacDermid Enthone Industrial Solutions, a prominent US-based manufacturer specializing in chemical compounds for surface finishing applications, completed the acquisition of HSO Herbert Schmidt GmbH & Co. KG., a Germany-based company known for its innovation in producing specialized chemicals for electroplating. The specific financial details of the acquisition remain undisclosed. This strategic acquisition aligns with MacDermid Enthone Industrial Solutions' ongoing commitment to delivering sustainable solutions to its customers, fostering advancements within the industry and catering to evolving market demands.

Major companies operating in the chemical surface treatment market report are Samsung Electronics Co. Ltd., BASF SE, Hitachi Ltd., Robert Bosch GmbH, Siemens Aktiengesellschaft, United Technologies Corporation, Panasonic Corporation, LG Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., 3M Company, ABB Ltd, Toshiba Corporation, Fujitsu Ltd., NEC Corporation, Henkel AG & Co. KGaA, Eaton Corporation PLC, Covestro AG, PPG Industries Inc., Solvay S.A., Emerson Electric Company, AkzoNobel N.V., Nippon Paint Co. Ltd., Rockwell Automation Inc., Platform Specialty Products Corporation, NOF Corporation, Atotech Deutschland GmbH, Nihon Parkerizing Co. Ltd., Chemetall GmbH, Hyundai Motor Group, SK Group.

Asia-Pacific was the largest region in the chemical surface treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical surface treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chemical surface treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Chemical surface treatments encompass cleaners, plating chemicals, conversion coatings, and other variants. Cleaners, comprising various chemicals, serve to eliminate impurities such as grease or oil from surfaces, commonly seen in mechanical parts or industrial machinery. They also play a role in sterilizing or cleaning equipment within laboratory or cleanroom environments. These treatments are applied to base materials such as metals, plastics, and others, offering functions such as coloring, corrosion inhibition, post-treatment, pretreatment cleaning, conditioning, decorative applications, plating, among others. Industries such as building and construction, transportation, aerospace and defense, non-ferrous metals, and household appliances utilize these chemical surface treatments.

The chemical surface treatment market research report is one of a series of new reports that provides chemical surface treatment market statistics, including chemical surface treatment industry global market size, regional shares, competitors with a chemical surface treatment market share, detailed chemical surface treatment market segments, market trends and opportunities, and any further data you may need to thrive in the chemical surface treatment industry. This chemical surface treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The chemical surface treatment market includes revenues earned by entities by anodizing solution, paint strippers, passivation, pickling, and anti-corrosion. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.