The Chemical Surface Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Chemical Surface Treatment Global Market Report 2024, The chemical surface treatment market size has grown strongly in recent years. It will grow from $14.67 billion in 2023 to $15.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to manufacturing growth, corrosion prevention, metal finishing requirements, electronics and semiconductors, aerospace and defense, aerospace and defense.
The chemical surface treatment market size is expected to see strong growth in the next few years. It will grow to $21.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to smart coatings, rising healthcare infrastructure, high-performance plastics, growing demand for functional coatings, innovations in pre-treatment processes. Major trends in the forecast period include eco-friendly treatment methods, nanotechnology for surface treatment, water-based surface treatment solutions, thermal spray coatings, customization for specific end-use industries.
The rising automotive industry is expected to propel the chemical surface treatment market. 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. For instance, In April 2022, In a report published by European Automobile Manufacturers Association, In 2021, 79.1 million motor vehicles were produced worldwide, a 1.3% increase from previous year. Therefore, the rising automotive industry will drive the chemical surface treatment market.
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The chemical surface treatment market covered in this report 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
Major companies operating in the chemical surface treatment market are focused on introducing advanced solutions such as PVF (Polyvinyl Fluoride) to gain a competitive edge in the market. Polyvinyl Fluoride is a thermoplastic fluoropolymer known for its exceptional performance under harsh conditions, high thermal stability, good chemical resistance, and excellent dielectric properties. For instance, in December 2023, DuPont, a US-based chemicals company, launched Printed Tedlar PVF (Polyvinyl Fluoride) solutions and PVF (Polyvinyl Fluoride) coating. Printed Tedlar PVF (Polyvinyl Fluoride) solutions made with Tedlar, a unique material, and PVF (Polyvinyl Fluoride) coatings are materials that provide superior chemical resistance, flexibility, hydrolysis, and UV (Ultraviolet) stability. These materials are used in both architectural and industrial applications. These materials use surface treatment and coating technologies.
The chemical surface treatment market report table of contents includes:
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. Global Chemical Surface Treatment Market Size and Growth
…..
32. Global Chemical Surface Treatment Market Competitive Benchmarking
33. Global Chemical Surface Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Chemical Surface Treatment Market
35. Chemical Surface Treatment Market Future Outlook and Potential Analysis
36. Appendix
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