The Development Of Automotive Industry Owing To The Rise In Demand For Consumers And Growth In Population Is Propelling The Market Growth.
The global Chemical Surface Treatment Market is forecast to reach USD 17.84 Billion by 2026, according to a new report by Reports and Data. The development of utility of chemical treatment on materials affects their quality standards. This enables a wide array of consumers to resort to this market to get their target structure reinforced. The common feature of these chemical treatments is the cleaning of the surface. Apart from cleansing, these chemicals can subject a surface to certain aberrations, like roughening or smoothening, or have no effect with respect to the procedure chosen. These procedures are generally followed in order to achieve superior adhesive properties and can be utilized in wide orientation, not only on metals but also on printed circuit boards.
The growth in the region of Asia Pacific has been estimated to be the highest. Most of the developing countries are looking at India and China as the global market leaders. These countries consist of various end-use industries such as transportation, electrical electronics, construction, and industrial machinery, and application of the chemical surface coating in this region will grow with a very high rate.
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Key Participants: Platform Specialty Products Corporation, NOF Corporation, Atotech Deutschland Gmbh, Chemetall Inc., Henkel AG Co. Kgaa, Nihon Parkerizing Co. Ltd., A Brite Company, Advanced Chemical Company, PPG Industries Inc., And DOW, Among Others.
Key Companies In The Market Include:
Transportation Market Held The Largest Market Share Of 30.0% In The Year 2017. Hence, The Automotive Industry Is Experiencing A Significant Growth In The Forecast Period. The Use Of Chemical Coating In The Automobile Industry Is A Trend In The Present Scenario For Maintaining Aesthetics And The Quality Of Exteriors.
Plating Chemicals Are The Chief Revenue Generators Of The Chemical Surface Coating Market, Holding A Revenue Of USD 4.18 Billion In The Year 2018. These Are Done Through The Procedure Of Galvanization Or Catalytic Plating To Ensure Superior Tensile Strength.
Cleaning Chemicals Are Projected To Grow With The Highest CAGR Of 5.5% Through The Forecast Period. They Are In Growing Demand Because Of Their Efficiency Over Traditional Cleaners.
The Sub-Segment Of Plastics Under Base Material Is Observed To Grow At The Highest CAGR Of 5.4% Throughout The Forecast Period Owing To Its Demand In The Industry Verticals. Its Booming Utility In Automotive As Well As General Industry Is Because Of Its Lightweight And Better Chemical Resistance Over Metals.
Asia Pacific Is Forecasted To Grow With A Significant CAGR Of 5.4% During The Forecast Period. Countries Like India, China, And Japan Are Rapidly Catching Up With The Growth In The Chemical Surface Coating Market.
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Market Segmentation:
Chemicals Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Cleaners
- Plating Chemicals
- Conversion Coating
Base Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Metals
- Plastics
- Others
End-Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Transportation
- Construction
- General Industry
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key Questions Covered In The Global Chemical Surface Treatment Market Report:
- What Is The Expected Market Size Of The Global Chemical Surface Treatment Market During The Forecast Period?
- What Factors Are Expected To Hamper Global Chemical Surface Treatment Market Growth Over The Forecast Period?
- What Key Factors Are Expected To Drive Global Revenue Growth Between 2022 And 2026?
- Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
- Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
- What Are The Key Outcomes Of Porter’s Five Forces Analysis And SWOT Analysis?
- Which Leading Players Are Operating In The Global Chemical Surface Treatment Market?
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