Author: Vikas Kumar
01 April 2022
The global surface treatment chemicals market is expected to showcase growth of around 6% during the forecast period (2021-2027). Surface treatment chemicals are widely used in the global industrial production owing to their ability to protect the surface from corrosion and increase the lifetime of the material. For instance, according to International Zinc Association, India loses around 5-7% of its Gross Domestic Product (GDP) every year due to corrosion. Therefore, in order to reduce the corrosion related losses consumption of surface treatment chemicals is likely to increase.
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Surface treatment chemicals are widely used in the global industrial production owing to their ability to protect the surface from corrosion and increase the lifetime of the material. Further, the chemicals are used for cleaning, etching, activation, pickling, metal stripping, decorative coatings, plating on plastics, wear resistance, and paint shops to name a few. It is expected that as the industrial production is increasing demand of surface treatment chemicals would increase as industries are making efforts to control the losses occurring from corrosion and unwanted damage. For instance, according to International Zinc Association, India loses around 5-7% of its Gross Domestic Product (GDP) every year due to corrosion. Further, as per-capita income across the countries are improving thereby providing more spending power to consumers as a result consumers are buying better quality durable products.
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Based on type, the market is categorized into cleaners, plating chemicals, conversion coatings, and others. Among these, cleaners or cleaning chemicals captured significant share in the market owing to their use to protect the materials from corrosion. Further, these chemicals are used to remove the oil from the metal surface, since without removing oil from the metal surface, paint or powered coating would not last for a longer period. Owing to such reasons, the demand of cleaning chemicals is likely to increase with increasing industrial production.
Further, plating chemicals is also likely to showcase significant growth during the forecast period owing to its significant cost and suitability of plating chemicals for use in various end-use industries such as automotive & transportation, industrial machinery, and construction. Further, increasing consumer focus on decorative items in order to improve home aesthetics is increasing plating chemicals demand in decorative areas.
Based on end-user, the market is categorized into automotive & transportation, construction, electrical & electronics, general finishing, industrial machinery, and others. Among these, automotive & transportation held the prominent share in the market owing to vast application area of surface treatment chemicals in vehicle. In automobile, both plastic and metals are widely used in interior and exterior part of the vehicle. Since millions of vehicles are produced each as a result large number of metals and plastics are used in the automobile industry. Further, railway, aerospace also use metals and plastic, this in turn further advance the surface treatment chemicals market.
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For a better understanding of the market adoption of Surface Treatment Chemicals, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for significant share in the market and is expected to showcase substantial growth during the forecast period owing to growing industrial production, increasing investment in setting up new facilities by western players in order to take advantage of lower labor rate and raw material. Further, growing population, increasing urbanization couple with improving per-capita income boosting the demand from end-use industry, thereby increasing the demand of Surface Treatment Chemicals.
Global Surface Treatment Chemicals Market Segmentation
Market Insight, by Type
Market Insight, by Material
Market Insight, by End-User
Market Insight, by Region
Top Company Profiles
• BASF SE
• PPG Industries Inc.• Henkel AG & Co. KgaA• Nippon Paint Holdings Co. Ltd.• Solvay S.A.• OC Oerlikon• The Sherwin Williams Company• Quaker Chemical Corporation• Atotech Deutschland GmbH• Nihon Parkerizing Co. Ltd.
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