Market Size of Surface Treatment Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Surface Treatment Chemicals Market Analysis
The Surface Treatment Chemicals market is expected to register a CAGR of over 5% during the forecast period.
The outbreak of COVID-19 has positively impacted the market growth for surface treatment chemicals. During the COVID-19 pandemic, new surface treatment chemicals were developed to counteract the virus. For example, ALANOD GmbH's MIRO UV-C product effectively destroyed the COVID-19 virus and is utilized as a material for reflectors in sanitizing equipment. Another significant development in the fight against the COVID-19 virus has been the availability of high-performance and medical-grade transparent film to produce face shields.
- Over the short term, the growth in the automotive industry due to the demand for consumers and the use of surface treatment chemicals to reduce the impact of infections is propelling the market growth during the forecast period.
- However, the growth in concerns regarding the effects of chemical surface treatment has led to the shift from chemicals to bio-based (green) products to abide by the regulations brought into the industry. Environmental sustainability, energy efficiency, and multiple application capabilities restrain manufacturers in niche product development and will further hamper market growth.
- Nevertheless, using surface-treating chemicals in construction for commercial and residential infrastructure and growing interest in bio-based and chromium-free surface-treatment chemicals will provide ample growth opportunities in the future. They will likely create lucrative opportunities for the market over the forecast period.
- In terms of revenue, Asia-Pacific is expected to dominate the global market during the forecast period and dominate the highest market share in the global surface treatment chemicals market.
Surface Treatment Chemicals Industry Segmentation
The technique of changing the surface of aluminum with chemicals is known as chemical surface treatment. This surface treatment is typically used to prepare for subsequent finishing operations such as powder coating or anodizing. Chemical surface treatments include chemical polishing, chromatin/phosphating, and pickling. Chemical treatment accelerates aluminum corrosion. Chemical treatments all have the trait of exceedingly thin chemical conversion layers. The surface treatment chemicals market is segmented by chemicals type, base material, end-user industry, and geography. The market is segmented by chemical type: plating chemicals, cleaners, conversion coatings, and other chemical types (coolants, paint strippers). The market is segmented by base materials: metals, plastics, and other base materials (glass, alloys, wood). By end-user industry, the market is segmented into automotive and transportation, construction, electronics, industrial machinery, and others (oil and gas pipeline, power, military, packaging, etc.). The report covers the market size and forecast for the surface treatment chemicals market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done based on Revenue (USD million) for all the above details.
| Chemicals Type | |
| Plating Chemicals | |
| Cleaners | |
| Conversion Coatings | |
| Other Chemical Types (Coolants, Paint Strippers) |
| Base Material | |
| Metals | |
| Plastics | |
| Other Base Materials (Glass, Alloys, Wood) |
| End-User Industry | |
| Automotive and Transportation | |
| Construction | |
| Electronics | |
| Industrial Machinery | |
| Others (Oil and Gas Pipeline, Power, Military, Packaging, etc.) |
| Geography | ||||||||
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Surface Treatment Chemicals Market Size Summary
The Surface Treatment Chemicals market is poised for significant growth, driven by its critical role in various industries, particularly automotive and construction. The market is experiencing a positive trajectory due to the increased demand for surface treatment chemicals to enhance the performance and durability of materials. The automotive sector, in particular, has been a major consumer, leveraging these chemicals to improve vehicle components' performance. The COVID-19 pandemic also spurred innovation in this market, as new chemicals were developed to combat the virus, further boosting market expansion. However, the shift towards bio-based and environmentally friendly products is shaping the industry's future, as regulatory pressures and sustainability concerns grow.
Asia-Pacific is expected to maintain its dominance in the global surface treatment chemicals market, driven by robust industrial activities and urbanization, particularly in China. The region's construction and automotive sectors are significant contributors to market growth, with increasing demand for durable and wear-resistant products. The market is characterized by fragmentation, with key players like PPG Industries Inc., Atotech Deutschland GmbH, and Henkel AG & Co. Ltd. actively expanding their portfolios through strategic acquisitions and partnerships. These developments are anticipated to create lucrative opportunities, ensuring the market's continued expansion over the forecast period.
Surface Treatment Chemicals Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growth in the Automotive Industry
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1.1.2 The Use of Surface Treatment Chemicals to Reduce the Impact of Infections
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1.2 Restraints
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1.2.1 Shift from Chemicals to Bio-based (Green) Products
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1.2.2 Strict Environmental Regulations for the Emission of Hazardous Chromium Components
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Chemicals Type
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2.1.1 Plating Chemicals
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2.1.2 Cleaners
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2.1.3 Conversion Coatings
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2.1.4 Other Chemical Types (Coolants, Paint Strippers)
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2.2 Base Material
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2.2.1 Metals
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2.2.2 Plastics
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2.2.3 Other Base Materials (Glass, Alloys, Wood)
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2.3 End-User Industry
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2.3.1 Automotive and Transportation
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2.3.2 Construction
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2.3.3 Electronics
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2.3.4 Industrial Machinery
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2.3.5 Others (Oil and Gas Pipeline, Power, Military, Packaging, etc.)
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Spain
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2.4.3.6 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 South Africa
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle-East and Africa
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Surface Treatment Chemicals Market Size FAQs
What is the current Surface Treatment Chemicals Market size?
The Surface Treatment Chemicals Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Surface Treatment Chemicals Market?
PPG Industries Inc., Atotech Deutschland GmbH , Henkel AG & Co. Ltd., DOW and Chemetall Inc. are the major companies operating in the Surface Treatment Chemicals Market.
