Chemical Surface Treatment Market Size Worth USD 27.66 Billion in 2032 | Emergen Research

The global chemical surface treatment market size was USD 13.85 Billion in 2022 and is expected to register a rapid revenue CAGR of 7.3% during the forecast period. The chemical surface treatment market is experiencing significant growth, fueled by the rapid expansion of the commercial sector and advancements in surface treatment technologies. According to recent market research, key drivers include the need to enhance material properties for improved performance, durability, and aesthetic appeal across various industries such as automotive, aerospace, manufacturing, and construction.

Key Drivers:
• Commercial Sector Growth: Demand for durable and visually appealing surfaces in commercial establishments like retail stores, restaurants, and office buildings is on the rise, driving the adoption of chemical surface treatments to enhance durability and aesthetics.

• Technological Advancements: Emerging technologies such as nanocomposite coatings and advanced plasma treatments are revolutionizing the market, offering superior properties and a broader range of applications.

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Market Trends:
• Nanotechnology: Advancements in nanotechnology-based surface treatments are reshaping the market landscape, offering enhanced performance and durability.

• Strategic Acquisitions: Industry players are investing in cutting-edge technologies through strategic acquisitions, such as the recent acquisition of HSO Herbert Schmidt GmbH & Co. KG by MacDermid Enthone Industrial Solutions, to strengthen their market position and product offerings.

Challenges:

• High Costs: The high cost of surface treatment, driven by fluctuating raw material prices and compliance with environmental regulations, poses a challenge to market growth.

• Environmental Regulations: Compliance with environmental regulations and disposal costs for hazardous waste generated from chemical surface treatments add to the overall cost burden.
Segment Insights:

• Cleaner Segment Dominance: The cleaner segment leads the market, driven by the demand for eco-friendly cleaning solutions and specialized cleaners for advanced materials like composites and lightweight metals.

• Plastic Segment Growth: The plastic segment is poised for significant growth, fueled by the rapid expansion of the construction and transportation industries and the adoption of chemical surface treatments to enhance durability and weather resistance.

• Automotive and Transportation Dominance: The automotive and transportation segment holds the largest market share, driven by increasing vehicle production, stringent emission regulations, and the adoption of advanced materials and surface treatments to improve performance and fuel efficiency.

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Chemical Surface Treatment Top Companies and Competitive Landscape

The global chemical surface treatment market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing a more effective chemical surface treatment market.

Some major players included in the global chemical surface treatment market report are:

• PPG
• DSS Takara Bio India Pvt Ltd.
• Henkel
• Solvay
• Oerlikon
• Mc Gean-Rohoco
• Element Solutions Inc
• Quaker Houghton
• Nihon Parkerizing Co.
• Chemetall

Chemical Surface Treatment Latest Industry News

• On 14 June 2023, PPG announced its partnership with Satys to provide a more sustainable and efficient electrocoating (e-coat) process for Original Equipment Manufacturer (OEM) aircraft parts. This innovative e-coat system utilizes a waterborne formula that generates minimal waste and possesses low Volatile Organic Compounds (VOCs), contributing to a reduction in aircraft fuel consumption due to the weight savings it offers. This e-coat process, utilizing the PPG Aerocron system, delivers a more uniform finish on aircraft parts while reducing paint consumption compared to traditional spray-applied methods.

• On 3 April 2021, SurTec acquired Italtecno, a specialist in aluminum surface treatment solutions. Italtecno's comprehensive product range encompasses chemical solutions catering to diverse industries, including architectural, automotive, and aerospace, as well as decorative, mechanical, and other industrial applications. This acquisition utilizes Italtecno's well-established product portfolio for the aluminum industry to expand its global reach and further strengthen its position in the market.

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Chemical Surface Treatment Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global chemical surface treatment market on the basis of type, application, end-use, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Cleaner
o Passivation
o Anti-Corrosion
o Anodizing Solution
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Plastic
o Metal
o Wood
o Others
• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Industrial Machinery
o Construction
o Automotive and Transportation
o Others
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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