Global Surface Treatment Chemicals Market - Analysis and Forecast, 2017-2023

The global surface treatment chemicals market is estimated to witness growth at a CAGR of 7.8% over the period of 2017 to 2023. This growth in the market is attributed to the increasing demand from various end use application verticals such as automotive industry, general industry, coil industry, industrial machinery, aerospace industry etc. 

Surface treatment is the process in which the adhered surface of any base material like metal, plastic etc. is cleaned and/or chemically treated to promote better adhesion and enhance properties like improved appearance, wettability, solderability, corrosion resistance, tarnish resistance, chemical resistance, wear resistance, hardness and surface friction. Surface treatment is done to prevent or delay corrosion, make the material more durable and tough to bear extreme wear and tear and increase the surface energy level of a particular metal surface so that it can easily adhere to the printing or coating taking place. Surface treatment of metal plays an enormous role in extending the life of metals, such as in automotive bodies and construction materials, which makes the components durable to use for a longer period of time.

The report is a compilation of different segments of global surface treatment chemicals market including market breakdown by base material, chemical type, application and geographical location. It also includes sections on competitive insights and market dynamics. Herein the revenue generated from surface treatment chemicals is tracked to calculate the market size.

While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of the application areas of the surface treatment chemicals market. It also details the key participants involved in the industry.

The report has put special emphasis on the market share and size of automotive industry and general industry, owing to their large scale share in the current and upcoming market of surface treatment chemicals. The industry analysis has also been done to examine the impact of various factors and understand the overall attractiveness of the industry. 

The most often used strategies for developing a better hold on to the market have been product launches and developments, business expansions followed by mergers & acquisitions and partnerships, agreements & collaborations. The company profile section includes significant information about the key companies involved along with their financials, financial summaries and key strategies & developmental activities in the recent years. Some of the key players involved in this market are Henkel AG, Chemetall, Nihon Parkerizing, PPG, Nippon Paint Holdings, Oerlikon Group, JCU Corporation, Derivados Del Fluor, Solvay, McGean Specialty Chemicals, Yuken Industry, PoliteknikMetal, PlatformSpecialty Products Corp, Quaker Chemical Corporation, Sugest, AHC Oberflächentechnik GmbH and TIB Chemicals.

Metals acquired the largest share of 82% in the global surface treatment chemicals market. Corrosion protection chemicals dominated the surface treatment chemicals market in 2016, accounting for a market share of 40.0%. Similarly, automotive industry held the highest market share by application vertical, accounting for a market share of 30.0% in 2016. Europe generated the maximum amount of revenue in the year 2016in the global surface treatment chemicals market, followed by Asia-Pacific and North America. APAC currently has the highest potential to grow and dominate in the forecast period. If the industry has the prospects of growing at a similar rapid pace, it will cross $8,097.7 million in revenue by the end of forecast period.

The surface treatment chemicals market is at a rapid phase of evolution at present. It is gradually witnessing a dynamic growth rate, with its usage ranging in a variety of end-use applications. Surface treatment of metals is the process whereby the adhered surface is cleaned and/or chemically treated to promote better adhesion and enhance properties like improved appearance, wettability, solderability, corrosion resistance, tarnish resistance, chemical resistance, wear resistance, hardness and surface friction. Surface treatment is done to prevent or delay corrosion, make the material more durable and tougher to bear extreme forms of wear and tear and increase the surface energy level of a particular metal surface so that it can easily adhere to the printing or coating taking place. Surface treatment of metal plays an important role in extending the life of metals, such as in automotive bodies and construction materials, which makes the components durable to use for a longer period of time.

The wide range of useful properties of surface treatment chemicals have led to the development of a number of applications, which are paving their way towards practical and commercial applicability. Currently, the major application areas of surface treatment chemicals include automotive industry, general industry, coil industry, industrial machinery, aerospace industry etc. Out of all these, automotive industry is the leading application vertical, where there is an extensive usage of surface treatment chemicals to treat various automotive components and OEMs. There are several emerging applications and industry verticals where surface treatment chemicals are required, such as surface treatment of Printed Circuit Boards (PCBs), glass, wood etc. Surface treatment chemicals are gradually establishing themselves in many more end use industries like medical, jewelry, glass, wood etc. and are anticipated to have a positive growth potential in these industries.

The global surface treatment chemicals market is emerging at a rapid pace. The market is at an extremely competitive stage, and will remain so in the coming future as well.
The surface treatment of metal base material is acquiring the largest market size in the current scenario. Moreover, corrosion protection chemicals are the leading chemical types that have been used in numerous end use applications. The major types of corrosion protection chemicals currently popular include conversion coatings which include oxide, phosphate and chromate coatings. Since, there are problems arising in the usage of chromate coatings due to their toxic effects, their use is slowly decreasing with the market trend shifting to more eco-friendly chemicals.

Some of the major players in the global surface treatment chemicals market are Henkel AG, Chemetall, Nihon Parkerising, PPG, Nippon Paint Holdings, Oerlikon Group, JCU Corporation, Derivados Del Fluor, Solvay, McGean, Yuken Industry, PoliteknikMetal, Platform Specialty Products Corp, Quaker Chemical Corporation, Sugest, AHC Oberflächentechnik GmbH and TIB Chemicals. These companies provide a broad product portfolio including surface treatment chemicals for specific applications. The geographical presence of these companies is mainly concentrated in China, the US, India, Japan, South Korea, and the U.K.

The global surface treatment chemicals market was worth $4,800.0million in 2016, and is estimated to grow at a CAGR of 7.8 % over the period of 2017-2023, hitting $8,097.7million by 2023. The wide range of applications of these materials across automotive, general industry, coil industry, industrial machinery, metalworking industry and aerospace industry is likely to drive the market growth over the forecast period. Europe accounted for the largest market share of 32.2% in 2016. However, this trend is expected to change in the forecast period, with Asia-Pacific acquiring the largest market share by the end of 2023, owing to the increasing industrialization and rapid involvement of several countries in APAC into manufacturing surface treatment chemicals.