The Global Chemical Surface Treatment Market size is expected to reach a valuation of US$ 17.58 billion by 2028, registering a CAGR of 6.1% during the forecast period 2023-2028.
Market Overview:
The increasing demand for fibre-reinforced plastics to reduce the weight of automobiles has increased the demand for market growth. Chemical surface treatment is defined as aluminium surface modification through chemical processes. This type of surface treatment is cast-off most often as a pre-treatment process for the following finishing operations, like powder coating or anodizing. Chemical surface treatment is used to enhance aluminium corrosion performance.
Higher usage of chemical surface treatment in various end-use industries, including industrial packaging, machinery, construction, and transportation, is highly increasing the global chemical surface treatment market share. Furthermore, the advantages offered by chemical surface treatment, like electrical conductivity, wear resistance, corrosion resistance, and chemical resistance, are increasing the demand for chemical surface treatment.
Market Drivers:
Robust demand for durable and wear-resistant products, together with the myriad applications of chemicals across the automotive industry for surface treatment, will enhance the development of the chemical surface treatment market size over the forecast period. The rising application of anodizing aluminium in residential and commercial sectors will further enhance the market's growth. Chemical surface treatments are utilized in a wide range of end-use industries like transportation, industrial machinery, packaging, and construction, among others, as they provide corrosion resistance, wear resistance, reflexivity, electric resistance, torque tolerance, hardness, and chemical resistance to base substrates. Increasing demand for automobiles and an increasing number of infrastructure projects in developing economies are anticipated to enhance the market of chemical surface treatment.
The utility in consumer also as industrial construction is booming. Industries utilize these surface-treating chemicals in construction for residential and commercial infrastructure. This can be due to the wear and tear resistance also as corrosion resistance properties induced by chemical treatment. They're also augmented in terms of hardness due to the varied properties induced by chemical treatment.
Market Restraints:
The formulation and stringent implementation of different government regulations on the employment of plating chemicals, which are hazardous to human health, are major challenges for the expansion of the chemical surface treatments market during the forecast period. The European Union has put into effect an integrated Pollution Prevention and Control Directive to limit the use of harmful chemicals that may have a negative effect on the total growth of the chemical surface treatment market in that region.
Concerns regarding the consequences of chemical surface treatment have caused the majority of the product manufacturers to mainly focus on green (bio-based) chemicals so as to follow the different stringent policies brought to the industry by the concerned authority. Green chemicals aren't only environment-friendly but also cost-efficient as compared to their conventional counterparts. These chemicals are produced by using plant and animal extracts and also are manufactured by implementing environment-friendly procedures.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
2023-2028 |
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CAGR |
6.1% |
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Segments Covered |
By Product Type, Base Material, End-User, and Region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa. |
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Market Leaders Profiled |
Nippon Paint Surf Chemicals Co., Ltd., COVENTYA InternationalChemetall GmbH, Industrial Metal Finishing, PPG Industries, Inc., Henkel Corporation, DuPONT., Houghton International Inc., Uyemura, Atotech, A Brite Company, Coral, ELEMENTIS PLC., Element Solutions Inc, McGean-Rohco Inc., Nihon Parkerizing Co., Ltd., and Others. |
The plating chemicals segment held a major share of the chemical surface treatment market in 2020. The expansion of this segment of the market is often attributed to the suitability of plating chemicals to be used in various end-use industries like transportation, industrial machinery, and construction. The growing adoption of plating to cut back scrap rates, bath solution losses, and improve the quality of the surface is further fueling segment growth.
Moreover, the cleaning chemicals segment is projected to grow at a major pace as they're utilized in industries for cleaning and degreasing substrates before they're plated. They are also used to remove carbon smut, oils and coolants, lapping compounds, metal oxides, and other soils from surfaces during different surface treatment processes.
Conversion coating allows a product to be treated electro-chemically. These include procedures like parkouring and chromate conversion coating.
The plastics segment held a big share of the chemical surface treatment market in 2020. The expansion of this segment of the market is often attributed to the preference given to plastics over metals in various end-use industries like transportation and construction as they're lightweight. Moreover, plastics also offer simple fabrication as they will be easily formed and machined. Moreover, they require reduced finishing. Its booming utility in automotive also as the general industry is due to its lightweight and better chemical resistance over metals. Chemical polishing is a process that is used for aesthetic surface treatment of surface finishes, and it is a very effective treatment method in terms of efficiency and cost. Phosphating is defined as a chemical change that is used for treating the steel surface, in which barely soluble metal-phosphate layers are developed at the bottom of the material.
The transportation segment held a major share of the chemical surface treatment market in 2020, growing at a CAGR of 5.5% during the forecast period. The expansion of this segment of the market is attributed to ongoing urbanization, increasing the number of vehicles, and improving road infrastructure across the world which has resulted in an increased number of private vehicles worldwide. According to the World Organization of Automobile Manufacturers, the contribution of the automotive industry plays an important role in the economy of any country, and as per the info available from this organization, the automotive industry registered a rise of 4.5% in its production in 2016 compared to 2015.
The Asia Pacific dominated the chemical surface treatment market with a share of over 37%, followed by Europe and North America. The expansion of the Asia Pacific chemical surface treatments market is attributed to the massive industrial base within the region and increased demand for automobiles. Additionally, several initiatives undertaken by governments of various countries of the Asia Pacific region to attract investments from various international companies are expected to propel the expansion of the Asia Pacific chemical surface treatments market during the given period. The demand for technical etchants and treatment chemicals is quickly growing because of their usage in an exceedingly broad range of applications, including manufacturing, and medicine, and the advent of lighter also as cheaper methods for attaining superlative mechanical stress-withstanding capabilities is predicted to reinforce the market growth.
The recent global pandemic outbreak caused due to COVID-19 has affected the expansion of the chemical surface treatment market. The demand side has a negative impact on account of nationwide lockdowns, which, in turn, has caused turmoil within the global economic growth, leading to a decrease in business spending and investments in new projects. On the availability side, global supply chain disruption alongside the falling productivity across manufacturing facilities because of mandatory social distancing measures has also reduced the production of these systems. On the demand side, it has been hit hard by this pandemic with subsequent lockdown and declining business spending resulting in the postponement of several solar projects.
Market Key Players:
Frequently Asked Questions
The Global Chemical Surface Treatment Market is expected to grow with a CAGR of 6.1% between 2023-2028.
The Global Chemical Surface Treatment Market size is expected to reach a revised size of US$ 17.58 billion by 2028.
DuPONT., Houghton International Inc., and Atotech are the three Chemical Surface Treatment Market key players.
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