Competitive Analysis:
Some of the prominent players in the Global Surface
Treatment Chemicals Market are PPG Industries (The U.S.), Henkel AG & Co.
KGa (Germany), Nippon Paint Holdings Co., Ltd. (Japan), Solvay SA (Belgium), OC
Oerlikon (Switzerland), McGean-Rohco Inc. (The U.S.), JCU CORPORATION (Japan),
Platform Specialty Products Corporation (The U.S.), Quaker Chemical Corporation
(The U.S.), and Nihon Parkerizing Co.,Ltd. (Japan), among others.
Market Overview:
Surface Treatment is either a mechanical or a chemical
process that is mainly deployed in order to improve the surface properties of
different materials such as metal, plastics, and wood, among others. The
Surface Treatment Chemicals confer some important physical advantages to the
substrate and also add into the life span of the end product so manufactured.
These chemicals help reducing or enhancing photosensitivity, striping of paints
and other tough stains, corrosion curing, and most importantly electroplating
of the metal surface.
The major applications of surface Treatment Chemicals can be
found in industrial machinery and metals to extend the durability and
performance of the same. Moreover, automotive, construction and electrical
industries are some of the other substantial end users of Surface Treatment
Chemicals. The protuberant factors driving growth of the Global Surface
Treatment Chemicals Market are the rising demand of passenger vehicles from
developing countries, rapid urbanization, growing industrialization and
increasing infrastructure development activities around the globe.
Market Segmentation:
The Global Surface
Treatment Chemicals Market has been segmented on the basis of type,
substrate type, application and region.
Based on the Type, the market is categorized into
anodizing solution, paint strippers, passivation, pickling, anti-corrosion,
cleaners and others. Among these types, the anodizing chemicals, which are used
as an electrolytic solution to provide protective covering on metals through an
electrolysis process, is holding major share of the market. This is attributed
to ease and effectiveness of the process in curing corrosion, other flaws.
By the Substrate Type, the market is categorized into
metal, plastic, wood. The metal is the major substrate segment owing to the
vast use in numerous end user industries such as automotive, construction and
electrical. In coming years, the plastic substrate type is projected to grow at
considerable CAGR with rising use of light weight yet stiff polymeric
materials.
Lastly, Based on the Application, the Global Surface
Treatment Chemicals Market classified into automotive & transportation,
industrial machinery, construction, electrical & electronics, wherein the
automotive & transportation is the largest application of surface treatment
chemicals, holding over 40% share of the market in 2016. This is attributed to,
growing demand of cars and rising global trade fuelling growth of the
transportation sector during the years to follow.
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Regional Analysis:
The Global Surface Treatment Chemical Market consists of
five key regions: Asia Pacific, North America, Europe, Latin America, and the
Middle East & Africa. Among these regions, Asia Pacific is estimated to
grow at the highest CAGR and holds over 45% share of the market on account of
increasing construction activities, along with the steady growth in
transportation and marine sector in this region. Countries namely, India,
Japan, South Korea and China are the leading markets in this region. Following
Asia Pacific, North America is the second most significant region in the Global
Surface Treatment Chemicals Market.
The U.S. is the major market in this region due to
increasing demand for the product form well-established end use industries in
this country, such as aerospace, construction, marine and defense. Europe is
also a substantial region in the Global Surface Treatment Chemicals Market. The
European automotive industry holds the major share of the global vehicle
production, which drives the growth of the regional market. The U.K, France,
Germany, and Italy are major contributors to the regional market. Latin America
is expected to grow at a considerable CAGR during the forecast period, which is
attributed to reviving economic scenario in various countries namely Brazil,
Venezuela and Mexico. The Middle East & Africa are equipped with greater
opportunities for the product owing to the growing construction industry, which
is likely to boost the growth of the regional market during the forecast
period.
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