The advanced surface treatment chemicals industry is estimated to reach US$ 9,193.1 Million by the end of the forecast period (2023 to 2033). The market is predicted to grow at a significant 6.3% annual rate during the projection period. Advanced surface treatment chemicals are frequently used in the automotive, aerospace, building, packaging, and other end-use sectors. These compounds are used for many different things, such as surface preparation, preventing corrosion, enhancing surface properties, and more.
The use of sophisticated surface treatment chemicals is frequently done to prevent corrosion on surfaces. These substances are mostly used to prevent corrosion on surfaces, especially metals. Use of surface treatment chemicals is required because corrosion can result in damage, a loss of functionality, and a shorter lifespan for the base material.
Apart from the corrosion, they are also used to enhance the adhesion property. Surface treatment chemicals such as adhesion promotors are used to enhance the adhesion or bonding between two surfaces. Applications such as coatings, adhesives, paints, where adhesion is required and crucial for performance and durability, these promotors play a vital role in increasing the adhesion.
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Industries such as automotive, electronics, aerospace and others are key end use industries for these chemicals. Automotive industry is one of the key industries where these chemicals are being used to protect metal components from the corrosion. Car components which are made of metal such as engine parts, car bodies and others, to protect them from corrosion, these chemicals are used.
Advanced Surface Treatment Chemicals play a vital role in automotive industry as they are heavily employed in automotive seating, steering wheels, sound insulation components, interior rims and so on. On the other hand, these are used in the formulations of coatings and adhesives.
Advanced surface treatment chemicals are very crucial in end use industries from food, packaging, construction, automotive to high performance & demanding aerospace industry. These chemicals are also used in aerospace and defense industry, where these are used in different places such as aircraft structural parts, landing gears, turbine blades and others for various purposes.
Key Takeaways from the Advanced Surface Treatment Chemicals Market:
- The Advanced Surface Treatment Chemicals industry in the United States is predicted to reach US$ 1,359.8 million by 2033, increasing at a 5.1% CAGR.
- The Advanced Surface Treatment Chemicals industry in India is estimated to reach a market share of US$ 411.8 million, expanding at a CAGR of 5.6% by 2033.
- During the forecast period, the Advanced Surface Treatment Chemicals industry in China is expected to reach a market share of US$ 2,374.6 million, securing a 4.1% CAGR.
- Germany’s Advanced Surface Treatment Chemicals industry is predicted to achieve a market share of US$ 723.7 million, rising at a 4.6% CAGR during the forecast period.
- With a CAGR of 5.5% from 2023 to 2033, the Automotive Industry is expected to dominate the Advanced Surface Treatment Chemicals industry.
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How Does the Competition Look in the Advanced Surface Treatment Chemicals Market?
The Global Market is competitive in nature, where along with key players, small and medium scale players are also active in the market. Key players active in the market are focusing on the launching of new and customized products for different end use industries for instance aerospace industry. For the particular industry, the chemicals are being formulated as per the requirement as industry is highly demanding and materials used in the industry must comply with the guidelines.
Key market participants are also focused on the expansion of their production capacities to cater the growing demand of the advanced surface treatment chemicals market and also to expand their global reach. Few key players are also establishing their production facilities in East and South Asia Pacific, as these regions have skilled workforce, less regulatory scenarios, relatively less expensive raw materials and other factors.
Few of the key players are also launching new technologies for advanced surface treatment chemicals along with the surface treatment sites. For Instance:
- On November, 2022, BASF inaugurated its largest surface treatment site in Pinghu, China. The Surface Treatment global business unit of BASF’s Coatings division, operating under the Chemetall brand, celebrated the inauguration of its state-of-the-art surface treatment production site in Pinghu City, Zhejiang Province, China. Spanning across 60,000 square meters, the Pinghu site is BASF’s first production site located in the Dushan Port Economic Development Zone and its largest surface treatment site globally.
Top Key Players in the Market
- NIHON PARKERIZING INDIA PVT. LTD.
- AD International
- Thermax Limited
- BCW Engineering
- Trocellen
- UACJ Corporation
- Henkel AG and Co. KGaA
- Keronite
- Elos Medtech AB
- Surface Technology
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Segmentation Analysis of the Advanced Surface Treatment Chemicals Market
By Chemical Type:
- Adhesion Promoters
- Anti-corrosion Agents
- Cleaners and Activators
- Anodising Agents
- Conversion Coatings
- Others
By Surface Type:
- Metal Surface
- Plastic Surface
- Glass and Ceramic Surface
- Others
By End Use Industry:
- Automotive
- Building and Construction
- Electrical and Electronics
- Aerospace and Defense
- Packaging
- Others (Healthcare, Textile)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia Pacific
- The Middle East and Africa
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