Surface Treatment Chemicals : Market Size, Share, Prominent Players, Market Dynamics, Challenges & development, Market Analysis, Regional Study and Forecast by 2031

According to a recent report by InsightAce Analytic, the "Surface Treatment Chemicals Market" was estimated to be worth $6.53 billion in 2023 and is expected to reach $12.98 billion by 2031, with a compound annual growth rate (CAGR) of 9.22% from 2024 to 2031.

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Latest Drivers Restraint and Opportunities Market Snapshot:

Key factors influencing the global surface treatment chemicals market are:
• Scientific progress in the production of chemicals
• Rising cutting-edge technologies in the aerospace and defense sector
• Rising Interest from consumers

Future expansion opportunities for the global surface treatment chemicals market include:
• chemical use in automobile production is on the rise
• Raising spending on research and development
• Increasing the population

The following are the primary obstacles to the surface treatment chemicals market 's expansion:
• High cost
• Lack of awareness
• Restrictive Rules

Market Analysis:

Due to the growing utilization of surface chemical treatment in numerous end-use industries, including construction, industrial machinery, transportation, and packaging, the global market share of this treatment is increasing. Furthermore, there is an increasing demand for surface chemical treatment due to the numerous advantages it offers, such as electrical conductivity, corrosion resistance, abrasion resistance, and chemical resistance.

List of Prominent Players in the Surface Treatment Chemicals Market:

• Nihon Parkerizing Co., Ltd.
• PPG Industries, Inc.
• Nippon Paint Holdings Co., Ltd.
• Solvay
• OC Oerlikon Management AG
• McGean-Rohco Inc.
• JCU CORPORATION
• Platform Specialty Products Corporation
• Quaker Chemical Corporation
• Element Solutions Inc.,
• NOF Corporation
• Atotech
• Henkel AG & Co. KGaA
• Chemetall, Inc.

Recent Developments:

• In August 2023, Atotech, the world-renowned surface-finishing solution provider from MKS Instruments, has announced that its strategic brands, ESI (laser systems) and Atotech (process chemicals, equipment, software, and services), will exhibit their integrated product offering at Productronica in Munich. Production of printed circuit boards and package substrates will be addressed by this offering.

• In January 2024, Solvay disclosed that their Resolest and Solval units would undergo capacity expansions. These devices are designed to recycle byproducts of the flue gas cleaning process by utilizing the industry-renowned SOLVAir solution. The necessity for this cutting-edge technology is increasing as a result of the stringent environmental regulations that govern emissions in numerous industries.

• In June 2023, Element Solutions Inc ("ESI"), a multinational and multi-divisional specialty chemicals company, announced the completion of a seven-year, $1.15 billion secured term loan credit facility.

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Surface Treatment Chemicals Market Dynamics:
Market Drivers: Rising Interest from Consumers
The global chemical surface treatment market is expanding rapidly due to the growing adoption of this technology in various end-use industries, such as construction, industrial apparatus, packaging, and transportation. The market for chemical surface treatment products will be more favourable if the demand for industrial machines increases. The chemical surface treatment market is anticipated to be stimulated by the growing demand for automobiles and the expansion of infrastructure initiatives in emerging nations.

Challenges: High Cost

It is anticipated that the chemical surface treatment market will encounter obstacles due to the high operational costs resulting from the excessive consumption of chemicals, which is the result of inadequate quality. Nevertheless, this will present a challenge to the rate of growth in the market. Increased chemical requirements of corroded and oxidized components, as well as the resulting increases in process complexity and total cost, are additional factors that may impede the growth of the global chemical surface treatment market.

Asia Pacific is Expected to Grow with the Highest CAGR During the Forecast Period
Shortly, the Asia Pacific Surface Treatment Chemicals Market is expected to experience rapid growth and a substantial revenue share. This is due to the rapidly increasing demand for automobiles and the prevalence of construction projects in numerous emergent nations. It is anticipated that the chemical surface treatments market in the Asia-Pacific region will expand during the forecast period due to a variety of government initiatives designed to attract investments from multinational enterprises.

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Segmentation of Surface Treatment Chemicals Market-

By End User-
• Electrical and Electronics
• Aerospace
• Packaging Industry
• Coil Industry
• Automotive
• Construction
• Others

By Base Material Type-
• Metals
o Aluminum
o Iron and Steel
o Others
• Plastics
• Others

By Chemical Type-

• Corrosion protection chemicals
o Conversion Coatings
 Phosphate-Free Conversion Coatings
 Phosphate Conversion Coatings (PCCs)
 Manganese Phosphate Conversion Coatings (MPCCs)
 Oxide Conversion Coatings (OCCs)
 Chromate Conversion Coatings
 Zinc Phosphate Conversion Coatings (ZPCCs)
 Iron Phosphate Conversion Coatings (IPCCs)
 Electro-Ceramic Conversion Coatings (ECCCs)
 Nano-Ceramic Conversion Coatings (NCCCs)
o Coil Coatings
o Others
• Cleaners
• Passivating agents
• Anodizing agents
• Others
o Interleaving Powders
o Precision Micro-Chemicals
o Sealants
o Pretreatment Primer
o Paint Strippers
o Lubricants
o Metalworking Fluids
o Glass Cutting Fluids
o Paint Detackification Fluids

By Treatment Method-
• Thermal Spraying
• Electroplating
• Chemical Treatment
• Hot Dipping
• Others

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By Region-

North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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