The demand for surface treatment chemicals has also been rising in APAC and China, owing to a fragmented marketplace and massive development in the steel and transportation sectors.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Surface Treatment Chemicals Market – A Global and Regional Analysis.
According to this study, the market size of the global surface treatment chemicals market was valued at $5.62 billion in 2021 and is projected to reach $11.88 billion by 2031.
The following factors are responsible for the increase in demand for surface treatment chemicals:
The detailed study is a compilation of 112 market data tables and 16 figures spread through 287 pages.
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Analyst’s Take on the Market Projection
According to Sachin Singh, Lead Analyst, BIS Research, “Surface treatment chemicals play a significant role in automotive, construction, electricals and electronics, coil industry, and aerospace, as well as other applications. Surface treatment chemicals have been adopted by these end users because they improve the durability, aesthetics, corrosion and weathering resistance, and longevity of the substrates to which they are applied. Also, the expansion of the automotive industry, increasing construction projects, and demand from heavy machinery are anticipated to drive market growth over the forecast period.”
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Existing Competitive Landscape
The companies that are profiled have been selected based on primary research inputs gathered from a network of industry experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent established names in this market are:
Company Type 1 (by Chemical Type): Corrosion Protection Chemicals
Company Type 2 (by Chemical Type): Cleaners
Company Type 3 (by Chemical Type): Anodizing Agents
Company Type 4 (by Chemical Type): Passivating Agents
Company Type 5 (by Chemical Type): Others (Paint strippers, Lubricants, etc.)
Recent Developments in the Global Surface Treatment Chemicals Market
Automotives to be the Leading End-User Segment Between 2022-2031
Due to the surface treatments’ greater stability, they are becoming more popular in several industries, such as automotive, construction, electrical and electronics, and coil industry.
The automotive segment is expected to be the largest among various end users during the forecast period (2022-2031). An increasing number of interior parts, including engines, gearboxes, and other movable items, are being treated with chemicals on their surfaces to increase their longevity and durability.
Additionally, surface treatment is necessary for exterior parts, such as the bodywork of vehicles, to improve aesthetics.
The global demand for surface treatment chemicals has increased due to the expanding automotive industry. As a result, some market players, such as Aalberts Surface Treatment, Chemetall GmbH, and Henkel AG & Co. KGaA, have been supplying surface treatment solutions to the automotive industry, resulting in healthy business relations across disciplines and driving healthy growth of surface treatment chemicals globally.
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