Chemical surface treatment Market Size, Revenue Growth Trends, Company Strategy Analysis, 2017–2027
The global Chemical surface treatment Market is forecasted to be worth USD 19.90 Billion by 2027, according to a current analysis by Emergen Research. The market is witnessing an increased demand owing to the rising demand for durable and wear-resistant products. These chemicals are used in different fields, such as wood, glass, jewelry, medical, and others. The product is in high demand in automotive coatings. As the market for automotive is growing, the Chemical surface treatment are also witnessing an increased growth.Growth in industrialization has also impacted the market demand. The heavy machinery requires constant protection, and manufacturers plate them with surface treating chemicals to protect them from rust and other issues.
Chemical surface treatment Marketplace Report offers wide-ranging information and facts about the Chemical surface treatmentmarket pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Chemical surface treatmentmarket further validated and verified by the industry experts and professionals. The Global Chemical surface treatmentMarket report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Chemical surface treatmentmarket in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
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Leading Companies of the Chemical surface treatment Industry and Profiled in the Report are:
NOF Corporation, Platform Specialty Products Corporation, Chemetall Inc., Atotech Deutschland GmbH, Henkel AG & Co. KGaA, A Brite Company, Nihon Parkerizing Co. Ltd., PPG Industries Inc., Advanced Chemical Company, and DOW, among others.
Some Key Highlights from the Report
- In July 2020, AFFIX Labs launched a long-lasting surface treatment chemical to kill COVID-19. Si-Quat combines a safe and well-established disinfectant and chemical bonding technique to kill active viruses such as SARS-COV-2.
- Plating chemicals are done through a process of catalytic plating or galvanization to ensure a strong and superior tensile strength. It is a chief generator of revenue and is forecasted to generate a revenue of USD 7.42 billion in 2027.
- In the industrial sector, surface treatment of plastic is not an uncommon process. An innumerable plastics are treated with the chemicals for enhanced wettability leading to proper adhesion of inks, paints, and coats.
- The transportation sector held the largest market share as the industry is experiencing significant growth. The usage of surface treatment chemical coating in the automotive industry is a trend that helps in maintaining the aesthetics and quality of exteriors of the vehicle.
- The Asia Pacific region is forecasted to grow with a CAGR of 6.6% during the forecast period. Countries such as China, Japan, and India are quickly catching up with the developed region in terms of the automotive and industrial sectors, which is augmenting the demand for Chemical surface treatment product in the region.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Chemical surface treatment market expected to boost the growth of the industry in the coming years.
For the purpose of this report, Emergen Research has segmented into the global Chemical surface treatment Market on the basis of chemical type, base material type, industry vertical, and region:
Chemical Type Outlook (Revenue, USD Billion; 2017-2027)
- Plating Chemicals
- Conversion Coating
Base Material Type Outlook (Revenue, USD Billion; 2017-2027)
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
- General Industry
The report sheds light on the region expected to dominate the Chemical surface treatment market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Chemical surface treatment market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Questions Answered in the Report:
What is the growth rate of the Chemical surface treatment market? What is the anticipated market valuation of Chemical surface treatment industry by 2027?
What are the key growth driving and restraining factors of the Chemical surface treatment market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Chemical surface treatment industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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