Market Overview:
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.
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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.
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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
Regional Analysis:
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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