Surface Treatment Chemicals Market is estimated to be US$ 13 billion by 2029 and is anticipated to register a CAGR of 7.4%
Surface Treatment Chemicals Market accounted for US$ 6.4 billion in 2019 and is estimated to be US$ 13 billion by 2029 and is anticipated to register a CAGR of 7.4% The surface treatment chemicals has wide applications in automotive coating, thus driving growth of the target market globally. This thriving global automobile and component production is projected to produce sustainable demand for the surface treatment chemical market, particularly etchants and electrolytic coloring chemicals. Additionally, surging industrialisation and swelling heavy machinery demand in developing market will create flourishing opportunities for domestic and global manufacturers over the forecast period. Among metal application, the growing commercial and residential infrastructure is impelling demand for anodised aluminium, which in turn create strong demand for anodising chemicals such as additives, etchants, and degreaser.
Key Market Insights from the report:
The surface treatment chemicals market accounted for US$ 6.4 billion in 2019 and is estimated to be US$ 13 billion by 2029 and is anticipated to register a CAGR of 7.4%. The market report has been segmented on the basis of chemical type, base material, end-user, and region
By chemical type, the plating chemicals segment is projected to lead the global market over the forecast period. This can be credited to the enormous use of plating chemicals in end-use industries like construction, transportation, and industrial machinery.
By region, Asia Pacific is projected to register relatively high growth in terms of value and volume, due to the growing demands for surface treatment chemicals in industrial manufacturing, automotive, and electronics application. Russia surface treatment chemicals market is projected to register strong growth and thus fueling the revenue sales of the Eastern Europe surface treatment chemicals market.
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Competitive Landscape:
The prominent player operating in the global surface treatment chemicals market includes Platform Specialty Products Corporation, Atotech Deutschland GmbH, NOF Corporation, Henkel AG & Co. KGaA , Chemetall, Inc., PPG Industries, Inc., Nihon Parkerizing Co., Ltd., Nippon Paint Co. Ltd., DOW Chemicals, Elementis, and Metal Finishing Technologies LLC.
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