Global Surface Treatment Chemicals Market Analysis, 2021

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 the publishers' 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 the author 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 the publishers, the major leading players in the Global Surface Treatment Chemicals Market are AHC Oberflächentechnik 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 Flúor (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?