Surface Treatment is either a
mechanical or a chemical process that is mainly deployed in order to improve
the surface properties of different materials such as metal, plastics, and
wood, among others. The Surface Treatment Chemicals confer some important
physical advantages to the substrate and also add into the life span of the end
product so manufactured. These chemicals help reducing or enhancing
photosensitivity, striping of paints and other tough stains, corrosion curing,
and most importantly electroplating of the metal surface. The major
applications of surface Treatment Chemicals can be found in industrial
machinery and metals to extend the durability and performance of the same.
Moreover, automotive, construction and electrical industries are some of the
other substantial end users of Surface Treatment Chemicals. The protuberant factors
driving growth of the Global Surface Treatment Chemicals Market are the rising
demand of passenger vehicles from developing countries, rapid urbanization,
growing industrialization and increasing infrastructure development activities
around the globe.
Market Segmentation:
The Global Surface Treatment
Chemicals Market has been segmented on the basis of type, substrate type,
application and region.
Based on the Type, the market is categorized into anodizing solution, paint strippers,
passivation, pickling, anti-corrosion, cleaners and others. Among these types,
the anodizing chemicals, which are used as an electrolytic solution to provide
protective covering on metals through an electrolysis process, is holding major
share of the market. This is attributed to ease and effectiveness of the
process in curing corrosion, other flaws.
By the Substrate Type, the market is categorized into metal, plastic, wood. The metal is the
major substrate segment owing to the vast use in numerous end user industries
such as automotive, construction and electrical. In coming years, the plastic
substrate type is projected to grow at considerable CAGR with rising use of
light weight yet stiff polymeric materials.
Lastly, based on the
Application, the Global Surface Treatment Chemicals Market classified into
automotive & transportation, industrial machinery, construction, electrical
& electronics, wherein the automotive & transportation is the largest
application of surface treatment chemicals, holding over 40% share of the market
in 2016. This is attributed to, growing demand of cars and rising global trade
fuelling growth of the transportation sector during the years to follow.
Competitive Analysis:
·
PPG Industries
·
Henkel AG & Co. KGa
·
Nippon Paint Holdings Co., Ltd.
·
Solvay SA
·
OC Oerlikon
·
McGean-Rohco Inc.
·
JCU CORPORATION
·
Platform Specialty Products Corporation
·
Quaker Chemical Corporation
·
Nihon Parkerizing Co.,Ltd
The Global Surface Treatment
Chemical Market consists of five key regions: Asia Pacific, North America,
Europe, Latin America, and the Middle East & Africa. Among these regions,
Asia Pacific is estimated to grow at the highest CAGR and holds over 45% share
of the market on account of increasing construction activities, along with the
steady growth in transportation and marine sector in this region. Countries
namely, India, Japan, South Korea and China are the leading markets in this
region. Following Asia Pacific, North America is the second most significant
region in the Global Surface Treatment Chemicals Market. The U.S. is the major
market in this region due to increasing demand for the product form
well-established end use industries in this country, such as aerospace,
construction, marine and defense. Europe is also a substantial region in the
Global Surface Treatment Chemicals Market. The European automotive industry
holds the major share of the global vehicle production, which drives the growth
of the regional market. The U.K, France, Germany, and Italy are major
contributors to the regional market. Latin America is expected to grow at a
considerable CAGR during the forecast period, which is attributed to reviving
economic scenario in various countries namely Brazil, Venezuela and Mexico. The
Middle East & Africa are equipped with greater opportunities for the
product owing to the growing construction industry, which is likely to boost
the growth of the regional market during the forecast period.
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