The Global Surface Treatment Chemicals Market is expecting around 5.7% CAGR during 2021-26, states MarkNtel Advisors in their recent research report. It attributes primarily to the escalating demand for these chemicals across various production industries for cleaning surfaces & ensuring the best corrosion performance & smoothening.
Additionally, benefits like lower maintenance, lower drag, reduced friction, minimal wear & tear, and enhanced durability provided by surface treatment chemicals are other crucial aspects augmenting their demand across different verticals like automotive, industrial machinery, coil industry, aerospace, and others like metalworking, glass & wood industry, etc. and driving the global market through 2026.
Besides, the rapidly expanding heavy machinery industry shall also stimulate the overall market growth in the coming years to provide surface protection from rust & other environmental effects, further states the research report, “Global Surface Treatment Chemicals Market Analysis, 2021.”
With Increasing Industrialization across China & India, Asia-Pacific to Dominate the Market
The exponentially rising population in countries like China & India, the rapid expansion of prominent industries, & an escalating number of building & construction activities are the prime factors driving the market across Asia-Pacific.
It, in turn, is augmenting the demand for surface treatment chemicals for multiple applications to enhance durability, provide a protection layer, and reduce corrosion, creaks, & wear. Moreover, the rapidly expanding automotive industry, i.e., another prominent consumer of surface treatment chemicals, is another crucial aspect projected to promote regional market growth through 2026.
The Global Surface Treatment Chemicals Market is expecting around 5.7% CAGR during 2021-26, states MarkNtel Advisors in their recent research report. It attributes primarily to the escalating demand for these chemicals across various production industries for cleaning surfaces & ensuring the best corrosion performance & smoothening.
Additionally, benefits like lower maintenance, lower drag, reduced friction, minimal wear & tear, and enhanced durability provided by surface treatment chemicals are other crucial aspects augmenting their demand across different verticals like automotive, industrial machinery, coil industry, aerospace, and others like metalworking, glass & wood industry, etc. and driving the global market through 2026.
Besides, the rapidly expanding heavy machinery industry shall also stimulate the overall market growth in the coming years to provide surface protection from rust & other environmental effects, further states the research report, “Global Surface Treatment Chemicals Market Analysis, 2021.”
With Increasing Industrialization across China & India, Asia-Pacific to Dominate the Market
The exponentially rising population in countries like China & India, the rapid expansion of prominent industries, & an escalating number of building & construction activities are the prime factors driving the market across Asia-Pacific.
It, in turn, is augmenting the demand for surface treatment chemicals for multiple applications to enhance durability, provide a protection layer, and reduce corrosion, creaks, & wear. Moreover, the rapidly expanding automotive industry, i.e., another prominent consumer of surface treatment chemicals, is another crucial aspect projected to promote regional market growth through 2026.