Surface Treatment Chemicals Market 2018 – 2023, Emerging Industry Reviews - PPG Industries, Henkel AG & Co. KGa, Nippon Paint Holdings, Solvay SA, OC Oerlikon, McGean-Rohco, JCU, Platform Specialty Products, Quaker Chemical and Nihon Parkerizing

Competitive Analysis:

Increasing investment in research and development sector for an innovative product launch by the players in the market is triggering competition among the prominent players of the Global Surface Treatment Market. In March 2018, Quaker Chemical Corporation (U.S.) has launched an extensive range of process fluids which provides comprehensive products such as metalworking fluids as well as corrosion preventives and protective coatings to ensure high-quality results.

The prominent players operating in the Global Surface Treatment Chemicals Market are PPG Industries (U.S.), Henkel AG & Co. KGa (Germany), Nippon Paint Holdings Co., Ltd. (Japan), Solvay SA (Belgium), OC Oerlikon (Switzerland), McGean-Rohco Inc. (U.S.), JCU CORPORATION (Japan), Platform Specialty Products Corporation (U.S.), Quaker Chemical Corporation (U.S.), and Nihon Parkerizing Co., Ltd. (Japan), among others.

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Market Segmentation:

The Global Surface Treatment Chemicals Market has been segmented on the basis of Type, Substrate Type and Application. On the basis of type, the market is segmented into anodizing solution, paint strippers, passivation, pickling, anti-corrosion, cleaners and others. Among these, the anodizing solution segment accounts for the major market share in the Global Surface Treatment Chemicals Market as it is extensively used as an electrolytic solution to provide a protective coating on metals through the electrolysis process.

On the Basis of Substrate Type, the market has been segmented into metal, plastic and wood. Due to the wide application of metals in various end-use industries such as automotive, construction and electrical industries, the metal segment is considered to be the major substrate segment. However, the plastic substrate segment is anticipated to project a noteworthy CARG over the forecast period due to the rapid adoption of stiff polymeric materials as lightweight substitutes in multiple industries.

On the Basis of Application, the Global Surface Treatment Chemicals Market is segmented into automotive and transport, industrial machinery, construction, electrical and electronics and others. The automotive and transport is considered to be the largest application segment of the Global Surface Treatment Chemicals Market as it accounted for 40% of the market share in 2016 owing to the rapid expansion of the automotive and transportation sector across the globe.

Detailed Regional Analysis:

On the basis of Region, the Global Surface Treatment Chemicals Market has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Due to the rapid expansion of construction and automotive industry and steadily growing marine industry in Asia-Pacific region, it is considered to be the largest and the fastest growing market in the Global Surface Treatment Chemicals Market. The increase in public investment in infrastructure sector is driving the surface treatment chemicals market in the developing economies such as India, China, South Korea and others in this region.

The second largest shareholder in the Global Surface Treatment Chemicals Market in North America. Owing to the increasing demand for Surface Treatment Chemicals in various industries such as aerospace, construction, marine and defense, the Surface Treatment Market in this region is anticipated to project significant growth during the forecast period.

The growth of the regional Surface Treatment Market in Europe is driven by the presence of the substantial automotive industry. The proliferating demand for corrosion protective chemicals is driving the market in Latin America. However, steady growth of Surface Treatment Chemicals Market is observed in this region. The expansion of the Surface Treatment Chemicals Market in the Middle East and Africa is likely to be propelled by the growing opportunities in the construction industry.

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