Chemical Surface Treatment Market Forecast Report to 2028: Asia Pacific Dominates the Market

News provided by

Feb 01, 2024, 19:45 ET

DUBLIN, Feb. 1, 2024 /PRNewswire/ -- The "Chemical Surface Treatment Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering.

The comprehensive analysis of the Chemical Surface Treatment market reflects significant growth and strategic industry insights essential for businesses and stakeholders navigating this sector. Recent data compiles extensive market research which projects persistent expansion through 2028.

Global industries recognize the importance of chemical surface treatments, with applications spanning across packaging, transportation, and construction. The market, valued at US$3.974 billion in 2021, is forecasted to achieve a robust CAGR of 6.23%, culminating in an estimated worth of US$6.067 billion by the end of 2028.

Technological Advancements Spearheading Market Growth:

Technological innovations stand out as critical contributors to the market momentum, with groundbreaking surface coating methods enhancing protection against wear-related applications.

Such advancements are expected to address consumer demand effectively with solutions designed for heightened line efficiency, abrasion reduction, and extreme environmental durability.

Surging Demand in Key Sectors:

Plating chemicals are witnessing high demand due to their core benefits of bolstering electrical conductivity and resistance to corrosion and wear, particularly for electronic components. The aerospace sector also seeks advanced surface treatment solutions to meet rigorous industry standards.

Asia Pacific's Dominant Market Position:

With burgeoning automotive, aerospace, and construction industries, the Asia Pacific region is anticipated to lead the charge in the chemical surface treatment landscape, fueled by economic growth in China and India.

Challenges Ahead:

Despite the optimistic outlook, the industry grapples with the challenges posed by the high costs associated with low-quality chemical treatments and strict government regulations aimed at controlling VOC emissions.

Recent Market Activity:

The market has witnessed significant developments, marked by the launch of innovative products and strategic acquisitions designed to fortify offerings in the European and global markets.

Market Segmentation:

The report provides detailed segmentation of the market, offering insights into areas such as plating chemicals, conversion coating, and metalworking fluids, alongside applications across building and construction, transportation, and electronics, among other sectors.

Report Segmentation:

By Product

Plating Chemicals
Conversion Coating
Activating Agents
Paint Strippers
Cleaners
Metal Working Fluids
Others

By Application

Metals Coloring
Corrosion Inhibitors
Post Treatment
Pretreatments Cleaners
Pretreatment Conditioners
Decorative
Planting
Others

By End-Use

Building and Construction
Transportation
Aerospace and Defense
Household Appliances
Industrial Machinery
Electronics
Paints and Coatings
Others

Companies Profiled

Chemtall (BASF)
Colombia Chemiclas
NOF Corporation
Atotech, Henkel AG & Co
PPG Industries Inc.
Nippon Paint Holdings Co., ltd
Solvay
OC Oerlikon Management AG
Nihon Parkerizing Co., Ltd.
McGean-Rohco Inc

For more information about this report visit https://www.researchandmarkets.com/r/ofp5mf

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets