Chemical Surface Treatment Market Forecasts to 2028 – Global Analysis By Product Type (Activating Agents, Conversion Coating, Plating Chemicals, Paint Strippers and Other Product Types), Material (Wood, Plastics, Metals and Other Materials), Application (

Chemical Surface Treatment Market Forecasts to 2028 – Global Analysis By Product Type (Activating Agents, Conversion Coating, Plating Chemicals, Paint Strippers and Other Product Types), Material (Wood, Plastics, Metals and Other Materials), Application (Corrosion Inhibitors, Metals Coloring, Post Treatment, Decorative and Other Applications), End User and By Geography

According to Stratistics MRC, the Global Chemical Surface Treatment Market is accounted for $14.7 billion in 2022 and is expected to reach $23.0 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Chemical surface treatments are applied to base substrates to provide corrosion resistance, wear resistance, electrical conductivity, electrical resistance, reflexivity, torque tolerance, hardness, and chemical resistance. They are used in a variety of end-use industries, including transportation, industrial machinery, packaging, and construction a rise in the demand for automobiles and an increase in infrastructure projects in a number of developing nations.

According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), world motor vehicle production in 2021 was about 80.15 million, compared to 77.71 million units in 2020.

Market Dynamics

Driver

Increased demand across end users

The worldwide chemical surface treatment market share is increasing as chemical surface treatment is utilised more often in several end-use industries, including packaging, transportation, industrial machinery, and construction. The market for chemical surface treatment goods will grow as industrial machinery demand rises, which will benefit chemical surface treatment products as well as an increase in infrastructure projects across various emerging nations. Additionally, the market for chemical surface treatments will experience faster development due to the rapid spread of industrialisation and due to multiple advantages of chemical surface treatment, including electrical conductivity, corrosion resistance, wear resistance, and chemical resistance.

Restraint

Stringent regulations

The market for chemical surface treatment will encounter challenges due to the strict government regulations addressing increased levels of volatile organic compound (VOC) emissions throughout the process. New environmental law has been introduced, as well as painting criteria and authorised paint system expertise. This has led to the discontinuation of a number of paint systems for use in nuclear power reactors. There are a number of conditions that nuclear power plants must meet in addition to the national norms.

Opportunity

Rising demand for surface treatment chemicals from the automotive and transportation industry

Because most parts in the automotive and transportation industries are made of metals (steel, iron, and aluminium), surface treatment is frequently used in these industries to achieve a variety of goals, which includes insulation from electricity, insulation from heat, durability against corrosion, and decorative purposes. The automotive and transportation industries use surface treatment more often, which increases the need for surface treatment in these industries. Additionally, compared to other types of chemicals, the business has a particularly high demand for cleansers, with basic and acidic cleaners making up the majority of sales. While acidic cleaners remove brake dust, filth from the road, and rust, alkaline cleansers remove organic residues including oils, fats, grease, and proteins.

Threat

Fluctuating price of raw material

Numerous end users, especially small-scale enterprises, are discouraged from employing water treatment chemicals due to the fluctuating price of raw materials. Only because of stringent government regulations that also apply to small sector participants are manufacturers embracing wastewater chemicals. This issue is anticipated to have a negative effect on the market growth for surface chemical treatment. Moreover, the negative implications of using surface chemical treatment are hindering the growth of the market.

Covid-19 Impact

The COVID-19 outbreak has had a favourable effect on the market expansion for surface treatment chemicals. In order to combat the virus during the COVID-19 pandemic, new surface treatment chemicals were created. For instance, the MIRO UV-C product from ALANOD GmbH, which is used as a material for reflectors in sanitising equipment, successfully eliminated the COVID-19 virus. The capacity to make face shields out of medical-grade transparent film with good performance is another important achievement in the war against the COVID-19 virus.

The plating chemicals segment is expected to be the largest during the forecast period

The plating chemicals segment is estimated to have a lucrative growth, due to plating has been practised for many years and is essential to contemporary technologies. Plating is utilised for a variety of functions, including surface decoration, corrosion prevention, improved solder ability, improved wearability, reduced friction, improved paint adherence, altered conductivity, improved IR reflectance, radiation shielding, and more. Plating is frequently used in jewellery to add a silver or gold sheen. Metal salts, formula additives, and other consumables for the electro deposition, electroless plating, electroplating, or anodized layer creation are included in plating chemicals and anodizing chemicals.

The metals segment is expected to have the highest CAGR during the forecast period

The metals segment is anticipated to witness the highest CAGR growth during the forecast period, due to the usage of metal pieces that are prepped for painting using a procedure called metal surface treatment. Typically, this entails putting up a physical barrier to shield metal from corrosive conditions. A non-electrolytic chemical interaction between the metal surface and solution produces the surface films employed in chemical conversion coatings. They are crystalline or amorphous sheets that adhere. The base metal must be changed into one of the components that are less reactive to corrosion than the original metal surface in order for the metal surface treatment to create a protective coating thus providing effective surface treatment.

Region with highest share

Asia Pacific is projected to hold the highest market share during the forecast period owing to increase as surface treatment chemicals are being used in the building of both commercial and residential infrastructure, particularly in China. A growing number of sectors, including those in wood, glass, jewellery, medicine, and other fields, are using durable and wear-resistant materials. The product is highly sought-after in construction ratings. The market for surface treatment chemicals is growing faster than the automotive industry.

Region with highest CAGR

Europe is projected to have the highest CAGR over the forecast period, owing to the expansion of the local market is fuelled by the European automobile sector. As political unrest is subdued and economies are revived, however, there will be plenty of development potential in the future due to the use of surface-treating chemicals in the building of commercial and residential infrastructure as well as the rising interest in bio-based and chromium-free surface-treatment chemicals. Over the course of the projection, they will probably produce profitable chances for the market.

Key players in the market

Some of the key players profiled in the Chemical Surface Treatment Market include Nihon, Parkerizing Co., Ltd., Element Solutions Inc., Atotech, Henkel AG & Co. KGaA, NOF Corporation, Nihon Parkerizing Co., Ltd., PPG Industries, Inc., Solvay, JCU CORPORATION, McGean-Rohco Inc, Quaker Chemical Corporation, OC Oerlikon Management AG, Platform Specialty Products Corporation, DOW, Elementis and Aalberts Surface Technologies GmbH.

Key Developments

In February 2022, PPG announced that it had acquired the powder coating division of Arosonsisi. Aronsisi is a well-known exporter of specialized powder coating for residential and commercial applications. PPG will be able to grow, and its powder contains metallic bonding, one of the power coatings' fastest-growing segments. Power coatings are widely used for treating specific types of cars, houses, and other structures and for general industrial use.

In October 2021, Aalberts Surface Technologies GmbH established a comprehensive partnership with Hoeller Electrolyzer GmbH in highly effective electrolyzer surface treatment. The collaboration's goal was to significantly reduce the cost of hydrogen generation while also improving its accessibility. The incredibly effective prolonged coatings will be sprayed on in-line machines in Lübeck for large yields, exposing Hoeller to Europe's limited production capacity.

Product Types Covered
• Activating Agents
• Conversion Coating
• Plating Chemicals
• Paint Strippers
• Metal Working Fluids
• Cleaners
• Other Product Types

Materials Covered
• Wood
• Plastics
• Metals
• Other Materials

Applications Covered
• Corrosion Inhibitors
• Metals Coloring
• Post Treatment
• Decorative
• Planting
• Pretreatment Conditioners
• Pretreatments Cleaners
• Other Applications

End Users Covered
• Transportation
• Building & Construction
• Aerospace & Defense
• Household Appliances
• Non-Ferrous Metal
• Electronics
• Paints & Coatings
• Industrial Machinery
• General Industry
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities,Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements