Global Surface Treatment Chemicals Market Research Report: Forecast (2023-2028)

Market Definition

Surface treatment chemicals are applied on the top layer of materials to enhance their resistance to corrosion, rust, wear, & other environmental conditions. Chemicals-based surface treatment is mainly used as pre-treatment to smooth the finishing steps.

Market Insights & Analysis: Global Surface Treatment Chemicals Market (2023-28)

The Global Surface Treatment Chemicals Market is projected to reach USD 20.87 billion by 2028, and grow at a CAGR of around 7.15% during the forecast period, i.e., 2023-28. The market's growth is likely to be driven primarily by the swift expansion of different industries like automotive, aerospace, metal, glass, & wood, among others.

Surface treatment chemicals are extensively used for the pretreatment of surfaces for final coatings, protection, and other applications. Benefits like protection against corrosion & damages caused by the changing environmental effects are propelling the demand for surface treatment chemicals & positively influencing market growth.

Besides, the capabilities of surface treatment chemicals to form a distinct layer on materials and bring resistance from wear & corrosion, enhance product durability & decoration, etc., is also crucial in expanding their application across different industrial verticals.

Moreover, the growing need to address concerns over environmental deterioration is also generating growth opportunities for the leading players in the global market to produce eco-friendly treatment chemicals and reduce the generation of industrial wastes & hazardous substances. Furthermore, an escalating number of building & construction projects is projected to soar the demand for these chemicals, majorly for durability, and boost the market in the coming years.

Global Surface Treatment Chemicals Market Drivers:

Surge In Building And Construction Projects Paired With Thriving Automobile Industry - The market is experiencing significant growth due to the growing urbanization projects and expanding automotive industry. The exponential increase in the global population has led to a surge in building and construction projects, consequently driving the demand for surface treatment chemicals. These chemicals play a crucial role in enhancing the durability, appearance, and performance of various surfaces in construction applications.

Simultaneously, the automotive sector is witnessing a rise in vehicle sales on a global scale. To meet the increasing consumer demand, automakers are compelled to expand their production capabilities. This expansion requires the utilization of surface treatment chemicals for various applications in the manufacturing process. As a result, the market is poised for substantial growth, propelled by the combined factors of urbanization projects and the expanding automotive industry, throughout the forecast period until 2028.

Global Surface Treatment Chemicals Market Opportunities:

A Substantial Shift Towards Eco-Friendly Solutions - The leading players in the market are responding to the stringent norms set by governments worldwide to reduce carbon emissions. As a result, there is a growing focus on the development, production, and utilization of environmentally friendly chemicals in the industry. This shift towards eco-friendly solutions presents substantial growth opportunities for the global market in the forecast years. By aligning with sustainability goals and addressing environmental concerns, the market is poised to capitalize on these opportunities and contribute to a greener future.

Global Surface Treatment Chemicals Market Challenges:

Stringent Regulations Imposed by Governments to Ensure Environmental Safety - The Global Surface Treatment Chemical Market growth may be restrained during 2023-28 due to stringent regulations imposed by governments to ensure environmental safety. Certain production methods of surface treatment chemicals generate carbon emissions, prompting governments to enforce restrictions. Additionally, the properties of these chemicals can vary when mixed with other substances, posing risks if inaccurately handled. These factors highlight the potential challenges that could impact the growth of the market in the specified period.

Global Surface Treatment Chemicals Market (2023-28): Segmentation Analysis

Global Surface Treatment Chemicals Market report by Markntel Advisors includes segmentation analysis based on Type, Base Metal, and Applications. This breakdown allows businesses to identify specific market segments and tailor their marketing and product strategies accordingly, maximizing their chances of success in the Global Surface Treatment Chemicals Market.

Based on the Application:

• Automotive Industry
• Industrial Machinery
• Coil Industry
• Aerospace Industry
• Others (Metal Working Industry, Glass Industry, Wood Industry)

The Automotive Sector is anticipated to dominate the Global Surface Treatment Chemical Market with the largest share during the forecast period. It owes principally to the rapidly increasing number of vehicle sales due to the growing purchase power of people, i.e., instigating automakers to increase their production capabilities.

It, in turn, is propelling the demand for surface treatment chemicals across the automotive industry to add a layer of protection on vehicles to provide them resistance from rust & wear, enhance their durability, & pretreat surfaces for finished layers.

Further, the capabilities of such chemicals to provide corrosion protection and paint adhesion with smooth finishing processes on the vehicle surface is another crucial aspect propelling the market growth across the automotive sector.

Furthermore, these chemicals also possess properties to reduce energy & water consumption, enhance sustainability, and deliver customized solutions for light & mixed substrates of metals. Hence, their demand is mounting swiftly across the automotive sector, which, in turn, would fuel the overall market growth in the coming years.

Based on the Type:

• Corrosion Protection Chemicals (Conversion Coatings, Coil Coatings)
• Cleaners
• Anodizing Chemicals
• Passivation Agents
• Others (Paint Strippers, Metal Working Fluids, Glass Cutting Fluids)

Cleaners acquired the largest share of the Global Surface Treatment Chemicals Market in recent years and are anticipated to prevail in the same trend in the coming years. It owes principally to the rising demand for cleaners due to their capabilities to prevent corrosion & enhance the appearance of the surface, clean off tough stains like oil & grease from industrial equipment or machinery, and disinfect or sterilize laboratory equipment, among others. Besides, the use of cleaners by engineers to coat metal parts after fabrication is another prominent aspect fueling the adoption of these treatment chemicals across different industries.

Global Surface Treatment Chemicals Market (2023-28): Regional Analysis

Geographically, the Global Surface Treatment Chemicals Market expands across:

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Asia-Pacific is likely to dominate the global market with the largest share during the forecast period. It attributes principally to the mounting focus of governments of different countries across the region on industrialization & infrastructure developments. It, in turn, is projecting an increasing number of building & construction activities and swift expansion of sectors like automotive, aerospace, metal glass & wood, among others, and augmenting the demand for surface treatment chemicals across Asia-Pacific.

Similarly, the burgeoning vehicle sales are encouraging automakers to increase their production capabilities to meet consumer requirements, which in turn, is positively influencing the regional market growth of surface treatment chemicals.

Besides, countries like China & India are witnessing exponentially rising population and rapid building & construction projects, which, in turn, are infusing the need for such chemicals & driving the regional market through 2028. Again, the surging use of metal products across manufacturing & production facilities are other crucial areas observing an increasing demand for surface treatment chemicals across Asia-Pacific.

Gain a Competitive Edge with Our Global Surface Treatment Chemicals Market Report

1. Global Surface Treatment Chemicals Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
3. Global Surface Treatment Chemicals Market report aids in assessing and mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

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