Surface Treatment Chemicals Market Information:
Surface Treatment is the process of altering the surface properties of an already manufactured product to achieve desired characteristic features. It is either mechanical or a chemical process, which is mainly employed to improve appearance, enhance adhesion or wettability, solder ability, resistance to corrosion, tarnish, harmful chemicals, wear & tear. In addition to this, it confers hardness, modifies thermal & electrical conductivity, removes surface flaws, and controls the surface friction & attrition.
The major applications of surface Treatment Chemicals can be found in industrial machinery and metals to extend the durability and performance of the same. Moreover, automotive, construction and electrical industries are some of the other substantial end users of Surface Treatment Chemicals. The protuberant factors driving growth of the Global Surface Treatment Chemicals Market are the rising demand of passenger vehicles from developing countries, rapid urbanization, growing industrialization and increasing infrastructure development activities around the globe.
Surface Treatment Chemicals are deployed in order to provide chemical based surface finishing operations such as reducing or enhancing photosensitivity, striping of paints and other tough stains, corrosion curing, and most importantly electroplating of the metal surface. Their applications can be found in numerous industrial machinery and metals to extend the durability and performance of the same. Moreover, automotive, construction and electrical industries are the major end users of Surface Treatment Chemicals.
Top Manufacturers:
The key players in the surface treatment chemicals market include Nippon Paint Holdings Co. Ltd. (Japan), McGean-Rohco Inc. (The U.S.), Solvay SA (Belgium), OC Oerlikon (Switzerland), Henkel AG & Co. KGa (Germany), PPG Industries (The U.S.), Quaker Chemical Corporation (The U.S.), JCU CORPORATION (Japan), Nihon Parkerizing Co. Ltd. (Japan), Platform Specialty Products Corporation (The U.S.), and others.
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Scope of the report:
The global market for surface treatment chemicals is segmented on the basis of type, substrate type, and application.
By type, the market is segmented into anodizing solution and paint strippers.
According to the substrate type, the market is segmented into metal, plastic, and wood.
Application-wise, the market is segmented into automotive & transportation, industrial machinery, and construction.
Drivers and Restraints
With a large-scale application of surface treatment chemicals in the automotive coating, the flourishing global automobile and component production is predicted to create sustainable demand for the surface treatment chemical market, particularly etchants along with electrolytic coloring chemicals. Developing industrialization coupled with elevated heavy machinery demand in emerging market is set to offer various growth opportunities for domestic as well as global manufacturers during the review period.
However, the stringent environmental regulations regarding emissions could hamper the market growth, as the volume sales of some surface treatment chemicals get impacted negatively. Nevertheless, MRFR reports that the global sale of passenger cars is exhibited to register a massive 78.6 million units mark on account of growing demand from the regions of the Asia Pacific and North America, a factor that could propel the market to another dimension altogether.
Top Industry Update:
May 2018 – Maysville Road in Madison County has gotten safer for drivers, as a high friction surface treatment has been applied, which is designed to make the surface of the road safer during inclement weather.
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Regional Insights:
The Global Surface Treatment Chemicals Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific is the largest and the fastest growing market, among them, owing to the growth of construction industry along with steadily growing automotive and marine industry in the region. India, Japan, South Korea, and China are the major markets in this region due to increasing public investment in infrastructure sector.
North America is the second largest shareholder in the Global Surface Treatment Chemicals Market following Asia Pacific. The U.S. is the largest market in this region owing to increasing demand for the product from various industries such as aerospace, marine and defense industries and growing reconstruction activities in this country.
Europe is another substantial region in the Global Surface Treatment Chemicals Market and the U.K, France, Germany, and Italy are the major contributor to the growth of this region. The automotive industry in Europe drives the growth of the regional market.
Latin America is witnessing a slow but steady rise in industrialization in Brazil, Venezuela, and other countries on the backdrop to pacifying political turmoil and reviving economies.
In coming years, growing opportunities in the construction industry in the countries of the Middle East & Africa are likely to propel the growth of the regional market.
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