Surface Treatment Chemicals Market Find Out Growth Opportunities Through Demand Forecast 2023 | Henkel AG & Co. KGa, Solvay SA, PPG Industries, OC Oerlikon,

Market Synopsis:

Surface treatment is a process that is carried out mechanically or chemically in order to improve the surface properties of different materials such as metal, plastic, wood and others. The surface treatment chemicals confer various benefits to the substrate such as prevention from corrosion, reduction or enhancement from photosensitivity, electroplating of metal surfaces, stripping of paints and tough stains, and others. The surface treatment chemicals are majorly used in various sectors such as automotive, construction and electrical industries.

Market Research Future (MRFR) has recently published a report asserting that the global surface treatment chemicals market is anticipated to expand at a noteworthy CAGR for the forecast period of 2016-2023.

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Top 10 Manufacturers:

PPG Industries
Solvay SA
Henkel AG & Co. KGa
Nippon Paint Holdings Co., Ltd.
OC Oerlikon
McGean-Rohco Inc.
JCU CORPORATION
Platform Specialty Products Corporation
Quaker Chemical Corporation
Nihon Parkerizing Co.,Ltd.

Following are major Table of Content of Surface Treatment Chemicals Market Report:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Printing Methodology

3.1 Research Substrate Type

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

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Industry 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.

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Segmental Market Analysis:

The global market for surface treatment chemicals is segmented on the basis of type, substrate type, and application.

By type: anodizing solution and paint strippers

By Substrate type: metal, plastic, and wood

By Application-wise: automotive & transportation, industrial machinery, and construction

Geographical 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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This release was published on openPR.