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Stratview Research has published a new report on the Surface Treatment Market after a thorough analysis of the market. The key sources of information gathered for the report include various industry experts, suppliers, manufacturers, associations along with business distributions. The research report determines unique benefits of the various market size, share and the patent industry.
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The objective of the Surface Treatment Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid — 19 impact analysis in the Surface Treatment Market.
Market Insights — The Surface Treatment Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Surface Treatment Market are-
Atotech Deutschland GmbH
Element solution Inc.
Henkel Ag & Co.
Nippon Paint Co., Ltd
Nihon Parkerizing Co., Ltd
Quaker Chemical Corporation
Growth drivers and Market Value:
This report, from Stratview Research, studies the Surface Treatment Market value and growth drivers over the trend period of 2022–27. According to the report -
Surface Treatment is a process of enhancing the properties including hardness, wear- and corrosion resistance, etc. of various surfaces. High quality and excellent durability can be achieved through efficient surface treatment processes. It is also a proven method for eliminating sludge generation in metals and maintaining excellent corrosion protection. The process usually involves cleaning, activation, phosphating, and passivation.
The impact of the COVID-19 pandemic on the demand for surface treatments is different in different end-use industries. On one side, automotive and aerospace, the two major markets, registered a colossal downfall in the demand for surface treatments amid the pandemic. Another side, metal processing, and aluminum finishing, the other two major markets, witnessed a mild impact of the pandemic. Overall, the global surface treatment market experienced a low double-digit decline in 2021, reaching a value of US$ 3.8 billion. An expected bounce-back is expected from 2021 onwards with sequential growth in the succeeding years, pushing the market to cross an unprecedented level of US$ 5,0 billion in 2026.
Based on Chemical Type:
Based on the chemical type, the surface treatment market is segmented as cleaners, conversion coatings, paint strippers, activation & passivation agent, and others. Cleaners are estimated to maintain their huge dominance in the market during the forecast period in the wake of their wide use in mass volumes in several applications. Traditional alkaline-based cleaners have high dominance in the segment; however, there is a trend of low-temperature surfactants along with an increasing preference for boron- and phosphate-free sustainable products.
Based on Region:
North America is expected to remain the largest market for surface treatments during the forecast period in terms of regions. The USA is the vanguard of the region’s market. On the other hand, Asia-Pacific is rich with lucrative growth opportunities over the forecast period as China and India are the key emerging countries and are consequentially gaining traction. Different regions are dominant in different market segments. For instance, the aluminum cans market segment is dominated by the North America region, whereas the Automotive market segment is dominated by Asia-Pacific region.
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Critical Questions Answered in the Report
l What are the key trends in the global Surface Treatment Market?
l How the Surface Treatment Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Surface Treatment Market?
l What are the key strategies adopted by the major vendors to lead in the Surface Treatment Market?
l What is the market share of the key players?
The following is a list of the customers that the Surface Treatment Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
What we do –
Stratview Research is a growing market research firm. Experts here illustrate innovative, descriptive, and comprehensive insights through market research to satisfy your individual and organizational objectives. We assist the users to make well-informed, profound and favourable decisions to comprehend the advantages of forthcoming trends, developments, assessments, and opportunities through our precise understanding of the market.
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