Global Chemical Surface Treatment Market Report 2019 Foresees Market Value To Cross USD 17.8 BN By 2026
Posted On December 11, 2019
The Global Chemical Surface Treatment report published by Value Market Research had a market value close to USD 12.2 BN in 2019 and is anticipated to touch USD 17.8 BN by 2026 with a CAGR of 5.5 % within the forecast period of 2020-2026. The demand for durable and wear-resistant products along with the numerous applications of chemicals across the automotive industry is expected to boost the expansion of the global chemical surface treatment market. The rise in the applications of anodizing aluminum in residential and commercial sectors is expected to further boost the market. Rapid industrialization and the demand for heavy equipment in developing nations are estimated to fuel the growth of the market. However, the strict rules and regulations regarding the usage of chemicals for surface treatment are likely to act as a restraint for the chemical surface treatment market globally.
The chemical surface treatment refers to a process of modification of the aluminum surface through chemical processes. This type of surface treatment is used widely as a pretreatment method for finishing operation such as anodizing or powder coating. Pickling, chemical polishing and chromating/phosphating are some of the chemical surface treatments that are used among which chromating is used more commonly than phosphating.
The report “Global Chemical Surface Treatment Market Report By Product (Plating Chemicals, Conversion Coating, And Cleaners), Application (Construction, Transportation, And General Technology) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026” covers the market dynamics and market analysis with segmentation based on the product, application, region and key players.
By product, plating chemicals, conversion coating and cleaners are the classifications available for the chemical surface treatment market globally where plating chemicals dominated the product segment owing to the soaring demand from electronics, automobile and aerospace applications. The growing adoption of plating to reduce scarp rate, bath solution losses and the improved quality of the surface is further responsible for fuelling the market growth. By application, construction, transportation and general technology are the segments of the global chemical surface treatment market as per the report. Transportation has led the application segment as per the report due to accounting the major market shares. This has been due to rapid urbanization, an increase in sales of vehicles and the rise in expenditure on pavement and road reconstruction. Also, an increase in the usage of shock absorbers, heat sinks and gears has spurred the segment growth.
North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the geographical regions over which the chemical surface treatment market is studied over globally. Asia Pacific reportedly dominated the regional market due to the booming automotive, electronics and construction industry.
The Report Segments Global Chemical Surface Treatment Market -
- Plating Chemicals
- Conversion Coating
- General Technology
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
A Brite Company, Advanced Chemical Company, Atotech Deutschland GmbH, Chemetall, Inc., DOW, Henkel AG & Co. KGaA, Nihon Parkerizing Co., Ltd., NOF Corporation, Platform Specialty Products Corporation, and PPG Industries, Inc.
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