Chemical surface treatments are a type of surface modification process in which chemicals are used to improve the mechanical and/or physical properties of a material’s surface. Chemical surface treatments are used to improve the performance of metal surfaces and components in a variety of industries. Common applications include increasing corrosion resistance, improving wear resistance, and improving coating adhesion. These treatments are also used to prepare substrates for additional treatments like painting or coating. Chemical surface treatments are in high demand due to their ability to improve the performance of materials in a wide range of applications.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=64906980
The chemical surface treatments market was projected to reach USD 14.74 billion by 2022, at a CAGR of 5.7% from 2017 to 2022. The Asia Pacific region is projected to be the largest market for chemical surface treatments during the forecast period. The Asia Pacific chemical surface treatments market is projected to grow at the highest CAGR during the forecast period. The growth of the can be attributed to the growing demand for automobiles and flourishing construction industry in the region.
The chemical surface treatments market is expected to witness significant growth in emerging economies such as India, Thailand, and China during the forecast period. The growth of the chemical surface treatments market in these countries can be attributed to the increased demand for automobiles due to rising disposable income and changing lifestyle of the middle-class population. In addition, continuous infrastructure development in these countries due to rapid urbanization is also responsible for increased demand for chemical surface treatments from the Asia Pacific region.
The plastics base material segment is projected to lead the chemical surface treatments market between 2017 and 2022. Plastics are replacing metals in various industries such as transportation and general industry, owing to various advantages offered by them that include lower costs, lower maintenance requirements, simplified designs, lightweight, and better chemical resistance over metals. Due to these properties, several end-use industries consider plastics more sustainable option than metals.
The chemical surface treatments market has been segmented based on type, base material, end-use industry, and region. Among types, the cleaners segment of the chemical surface treatments market is projected to grow at the highest CAGR between 2017 and 2022. The growth of this segment of the market can be attributed to the increased demand for cleaners due to their growing use as acidic cleaners, neutral pH cleaners, mild alkaline cleaners, and high alkaline cleaners in surface treatment applications. These chemicals are used to clean surfaces, which are soiled by oils and coolants, lapping compounds, carbon smut, metal oxides, and various other types of soils during different types of manufacturing processes carried out in various industries. Increased R&D activities to develop innovative products for use across a wide range of applications are expected to propel the growth of the chemical surface treatments market during the forecast period.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=64906980
Among end-use industries, the transportation segment of the chemical surface treatments market is projected to grow at the highest CAGR from 2017 to 2022. Growing urbanization, increasing number of automobiles, and improving road infrastructure across the globe have resulted in an increase in the number of personal vehicles, worldwide. Moreover, increasing population, ongoing urbanization in emerging economies, growing demand for specific formulations of chemical surface treatments for use in various industries such as transportation and industrial machinery, and increasing demand for plastics from various industries such as transportation and general industry are the major opportunities expected to propel the growth of the chemical surface treatments market during the forecast period. Moreover, companies operating in the chemical surface treatments market are also adopting various organic and inorganic strategies to strengthen their position in the market.
Some of the key players operating in the chemical surface treatments market are Platform Specialty Products Corporation (US), NOF Corporation (Japan), Atotech Deutschland GmbH (Germany), Henkel AG & Co. KGaA (Germany), Chemetall, Inc. (Germany), Nihon Parkerizing Co., Ltd. (Japan), and PPG Industries, Inc. (US) and others.
Read Our Trending Press Release Below:
White Inorganic Pigments Market
