Chemical Surface Treatment Market To Report Impressive Growth, Revenue To Surge $26.10 Bn By 2032

04-Mar-2024 | Zion Market Research

With the presence of a large pool of participants, the global chemical surface treatment market size is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). By Type (Plating Chemicals, Conversion Coating And Cleaners) And By End Use (Construction, Transportation, And General Technology), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032. The global chemical surface treatment market size was evaluated at USD 16.26 billion in 2023 and is slated to hit USD 26.10 billion by the end of 2032 with a CAGR of nearly 5.40% between 2024 and 2032.

This review is based on a report by Zion Market Research, titled Chemical Surface Treatment Market (Plating Chemicals, Conversion Coating, and Cleaners) and by End-Use (Construction, Transportation, and General Technology), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032.”- Report at https://www.zionmarketresearch.com/report/chemical-surface-treatment-market

Citing an instance, in December 2017 a research paper was published in journal ACS Biomaterials Science & Engineering. The paper displayed that through the application of an electrochemical etching process on a common stainless steel alloy, researchers from Georgia Institute of Technology created a nanotextured surface that eliminates bacteria and enhances corrosion resistance, while not harming mammalian tissues.

Chemical Surface Treatment Market

As estimated in this report, the global chemical surface treatment market stood at US$ 11.09 billion in 2017. Witnessing a tremendous rise during the period from 2018 to 2023, the revenue in this chemical surface treatment market is expected to reach US$ 15.30 billion by the end of the forecast period. The main chemical surface treatment types available in this market are plating chemicals, conversion coating, and cleaners. Among the three, the demand for plating chemicals is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Extensive Use of Chemicals For Treating Surfaces Will Spur Market Revenue

Massive demand for durable and wear-resistant products along with myriad application of chemicals across automotive sector for surface treatment will boost the expansion of chemical surface treatment market size in the years ahead,” says the author of this study. Apart from this, wide application of anodizing aluminum in residential and commercial sectors for improving their infrastructure will further propel the scope of chemical surface treatment market over the upcoming years.

Stern legislations pertaining to use of chemicals for surface treatment, however, is likely to hinder the growth of chemical surface treatment market in the ensuing years. Nonetheless, rapid industrialization along with huge demand for heavy equipment in developing economies is expected to result in the meteoric expansion of chemical surface treatment market during the forecast timeline. This, in turn, will normalize the impact of hindrances on the chemical surface treatment market, reports the study.

Huge Demand for Industrial Machinery & Electronic Parts To Kindle Growth

Regionally, Asia Pacific has been leading the worldwide chemical surface treatment market and is anticipated to continue on the dominant position in the years to come, states the chemical surface treatment market study. Lucrative demand for industrial equipment, as well as electronic parts in countries such as China, Japan, and South Korea, is the main factor behind the dominance of the Asia Pacific chemical surface treatment market. In addition, rise in the number of manufacturing industries in countries such as India, Thailand, and China will further contribute to the growth of this regional chemical surface treatment market.

Chemical Surface Treatment Market: Competitive Space

The global chemical surface treatment market profiles key players such as:

  • Platform Specialty Products Corporation
  • NOF Corporation
  • Atotech Deutschland GmbH
  • Henkel AG & Co. KGaA
  • Chemetall, Inc
  • Nihon Parkerizing Co Ltd
  • PPG Industries Inc
  • A Brite Company
  • Advanced Chemical Company
  • DOW

The global chemical surface treatment market is segmented as follows:

By Type

  • Plating Chemicals
  • Conversion Coating
  • Cleaners

By End-Use

  • Construction
  • Transportation
  • General Technology

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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