Chemical Surface Treatment Market Witness Excellent Long-Term Growth Outlook, Size, Share And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Chemical Surface Treatment Global Market Report 2023 identifies The rising automotive industry as the major driver for the Chemical Surface Treatment market's growth in the forecast period. The growing economy and rising standard of living have changed the purchasing power. While the economic effect of COVID-19 has disrupted the way we live and move around the world, a new way of living is expected to emerge. With social distancing being the best line of defense against COVID-19, there is a sudden increased demand for personal mobility worldwide. Furthermore, climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. These adoptions also lead to increased production of EV and hybrid vehicles, a change from petroleum products to more locally produced power vehicles. Such a surge in automotive demand has led to increased production and the need for chemical surface treatment to protect the material from corrosion and/or improve its in-use properties.

The global chemical surface treatment market size grew from $13.69 billion in 2022 to $15.32 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The chemical surface treatment market size is expected to grow to $19.59 billion in 2027 at a CAGR of 6.3%.

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Major competitors in the Chemical Surface Treatment market are Platform Specialty Products Corporation, Nippon Paint Co Ltd., Nihon Parkerizing Co Ltd., NOF Corporation, Henkel AG & Co KGaA, Chemetall Inc., PPG Industries, Solvay SA, Element Solutions Inc.,, Advanced Chemical Company, Houghton International Inc., OC Oerlikon, McGean-Rohco Inc.

A key trend in the Chemical Surface Treatment market includes The advancement of technology. The advanced surface coating treatment helps to protect against wear-prone applications. They are intended to be wear-resistant, reduce friction, and protect against caustic/acidic materials and cleaning agents to improve line efficiencies. Major companies operating in the chemical surface treatment sector are focused on developing new technological solutions to meet customer demand. For instance, In January 2022, ABB, a Switzerland-based automation company, launched low voltage flameproof motors for explosive environments. The advanced surface treatment on ABB's low voltage flameproof motors makes them resistant to even the harshest environmental conditions. The motors are built with a strong frame and integrated feet for rigidity and vibration-free operation in foot-mounted applications.

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The Chemical Surface Treatment market is segmented -
1) By Type: Cleaners, Plating Chemicals, Conversion Coatings, Other Types
2) By Base Material: Metals, Plastics, Other Base Materials
3) By Application: Metals Coloring, Corrosion Inhibitors, Post Treatment, Pretreatments Cleaners, Pretreatment Conditioners, Decorative, Planting, Other Applications
4) By End-User: Building And Construction, Transportation, Aerospace and Defense, Non-Ferrous Metal, Household Appliances

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Chemical Surface Treatment market.

The Business Research Company's "Global Chemical Surface Treatment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Chemical Surface Treatment Market Include:
1. Executive Summary
2. Chemical Surface Treatment Market Characteristics
3. Chemical Surface Treatment Market Trends And Strategies
4. Chemical Surface Treatment Market - Macro Economic Scenario
5. Chemical Surface Treatment Market Size And Growth
……
27. Chemical Surface Treatment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chemical Surface Treatment Market
29. Chemical Surface Treatment Market Future Outlook and Potential Analysis
30. Appendix

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