The global metal surface treatment chemical market was valued US$ 3.2 Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 5.5% during a forecast period. Cleaning chemical metal surface treatment is covering 50% of global metal surface treatment chemical market share as they have unique property and high covering power.
Global Metal Surface Treatment Chemical Market
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global metal surface treatment chemical market Definition:
Metal surface treatment chemical are chosen as a base material to ingress properties like anti-rust, anti-corrosion, and improved appearance. Also, it aids to improve strength, deliver attractive finishing, and boost the self-life of the end-product after treatment process. It has wide application in numerous sectors like electronics, aerospace, automotive and others finished product.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
global metal surface treatment chemical market Drivers and Restraints:
Bending interest and demand for performance and functionality push the demand for the global metal surface treatment chemical market during the forecast period. Automotive industries demanding advanced ornamental playing, anti-corrosive plating, coatings and enhancing the surface durability that do not change with the time span, is driving the success of the market in the coming years. Innovation in the materials is attributed to the strong demand for the targeted materials owing to the better characteristics of metal surface treatment chemical like barrier contrary to chemical, electronics, corrosion, wear, hardness, twisting together with appearance, reflectivity and electrical conductivity, to the metal surface. Demand for the metal surface treatment chemical expected to achieve significant growth in near future, as end-use industries such as construction, aerospace, electronics, and others are growing hence boosting the demand of the conversion coating as it protects metal from corrosion, protect the metal modules from water, moisture, oxidation, and other environmental exposures. Furthermore, construction industries are also expected to boost market demand in the coming years. Various type of metal surface treatment chemical like Chemical treatment, hot dipping, vacuum plating, anodic oxidation, thermal spraying, and others are widely accepted in their specific field of use, thermal spraying is highly accepted by automotive sectors, painting in household appliances and furniture will majorly contribute in the market growth.
Moreover, the presence of substitutes and stringent regulation for the activity is expected to obstruct the global metal surface treatment chemical market growth during the forecast period.
Metal Surface Treatment Chemical Market Segment analysis:
By application, the automotive industry end-user segment is possibly expected to grow at a determined rate. It is the dominating segment and expected to secure a share of 40% by the end of 2027. The key application of metal surface treatment chemical in automobile industry is observed in industrial and commercial vehicle, thus the growth in demand for above-mentioned sectors are expected to have a positive impact on the demand for metal surface treatment chemical in the coming years. As metal surface treatment chemical have high strength, durability with excellent anti-corrosive properties is ruling the market growth. Rising interest and development in the decorative and attracting the metal-based decorative industries to overawed the imperfection related issues in the end-products will help this market to elevate the share in terms of value.
Metal Surface Treatment Chemical Market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the metal surface treatment chemical market and is expected to grow at a CAGR of XX % during the forecast period. Emerging economies like India, China, and Japan are considered foremost contributors to the metal surface treatment chemical market growth in the Asia Pacific region. India, China, and Brazil are focusing mainly on improving their infrastructure and indorsing their manufacturing industry, which will increase demand for these product in numerous growing industries such as electronics, automobile, aerospace, construction and other significant growth in these industries are eventually driving the metal surface treatment chemical market size by 2027. In 2019 market size was calculated US$ XX Bn while in China the market size was valued US$ XX Bn and expected to increase by US$ XX Bn in the coming years. Furthermore, the recent COVID-19 pandemic outbreak will negatively hinder market growth in the Asia Pacific region.
Europe will correspondingly generate good growth to the overall market in the coming years though, high living standards and per capita income from the established regions expected to propel the market growth in Western Europe .
The objective of the report is to present a comprehensive analysis of the Global Metal Surface Treatment Chemical Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Metal Surface Treatment Chemical Market dynamics, structure by analyzing the market segments and project the Global Metal Surface Treatment Chemical Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Metal Surface Treatment Chemical Market make the report investor’s guide.
Scope of Metal Surface Treatment Chemical Market: Inquire before buying
Global Metal Surface Treatment Chemical market, By Product
• Plating Chemicals
• Conversion Coatings
• Cleaning Chemicals
Global Metal Surface Treatment Chemical market, By Process
• Chemical & Electro Chemical Conversion
• Electroless Plating
Global Metal Surface Treatment Chemical market, By Application
• Electrical & Electronics
Global Metal Surface Treatment Chemical Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Metal Surface Treatment Chemical Market,
• Platform Specialty Products Corporation
• Quaker Chemical Corporation
• Nippon Paint Holdings Co
• Henkel AG & Company
• Platform Specialty Products
• Dow Chemical Company
• Advanced Chemical Company
• Coral Chemical Company
• McGean-Rohco, Inc
• Element Solutions
• Elementis PLC
• PPG Industries
• Asterion LLC
• A Brite Company
• BASF SE
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