The soaring demand of surface finishes to improve its hardness, wear resistance, adhesion ability and surface flaws are driving the market demand. Booming automotive, electrical and construction sector is further fueling the market growth. Growing demand for surface finishes especially in the automotive industry is further boosting the market growth. Robust industrialization resulting in surging demand for heavy, efficient machinery is again spurring the market growth.
PLATING CHEMICAL DOMINATED THE PRODUCT SEGMENT
The plating chemical emerged as the leading segment in 2018. Soaring demand from electronics, automobile, and aerospace application is driving the segment growth. Growing adoption to plating to reduce scrap rate, bath solution losses, and improved quality of the surface is further fueling the segment growth.
TRANSPORTATION LED THE APPLICATION SEGMENT
On the basis of application, transportation dominated the segment by accounting major market share in 2018. Rapid urbanization, increasing sales of vehicles and rising spending on pavement and road reconstruction is fostering the market growth. Also, increasing usage of shock absorbers, heat sinks, gears and other components is spurring the segment growth.
ASIA PACIFIC DOMINATED THE REGIONAL MARKET
Geographically, Asia Pacific emerged as the leading regional market in 2018. Booming automotive, electronics and construction industry is driving the regional market growth. Increasing count of manufacturing facilities in emerging economies such as China and India is further contributing the market growth.
PROMINENT PLAYERS OF THE MARKET
Some of the major players of the market are 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.
As per this study, the Global Chemical Surface Treatment Market was valued USD 15.21 BN (by revenue) in 2022 and is anticipated to reach USD 24.98 BN by 2030 with a CAGR of 6.4%.
The chemical surface treatment is a process of modification of the aluminum surface through chemical processes. This type of surface treatment is mostly used as a pretreatment method for finishing operations, such as anodizing or powder coating. Pickling, Chemical polishing, Chromating/phosphating are some of the Chemical surface treatment. Among which, Chromating/phosphating is commonly used as Chemical surface treatment.
Market Dynamics
Robust demand for durable and wear-resistant products along with the myriad application of chemicals across the automotive industry for surface treatment will boost the expansion of chemical surface treatment market size over the forecast period. Rising application of anodizing aluminum in residential and commercial sectors will further boost the market growth. However, strict rules and regulation pertaining to the usage of chemicals for surface treatment are likely to curb the market growth. Whereas, rapid industrialization coupled with the huge demand for heavy equipment in developing nations will expand the chemical surface treatment in the years to come.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of chemical surface treatment.
Market Segmentation
The broad chemical surface treatment market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Base Material
By End-use Industry
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for chemical surface treatment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Chemical Surface Treatment Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the chemical surface treatment market include Platform Specialty Product Corporation, NOF Corporation, Atotech Deutschland Gmbh, Henkel AG & Co. KGaA, Chemetall Inc, Nihon Parkerizing co. Ltd, PPG Industries. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . CHEMICAL SURFACE TREATMENT – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Base Material
3.7.3 Market Attractiveness Analysis By End-use Industry
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL CHEMICAL SURFACE TREATMENT MARKET ANALYSIS BY TYPE
5.1 Overview by Type
5.2 Historical and Forecast Data
5.3 Analysis by Type
5.4 Cleaners Historic and Forecast Sales by Regions
5.5 Plating Chemicals Historic and Forecast Sales by Regions
5.6 Conversion Coating Historic and Forecast Sales by Regions
5.7 Others (Proprietary Additives, inhibitors, Paint strippers, Detackifiers And Conditioners) Historic and Forecast Sales by Regions
6 . GLOBAL CHEMICAL SURFACE TREATMENT MARKET ANALYSIS BY BASE MATERIAL
6.1 Overview by Base Material
6.2 Historical and Forecast Data
6.3 Analysis by Base Material
6.4 Metals Historic and Forecast Sales by Regions
6.5 P ...