Surface Treatment Chemicals Market: Current Analysis and Forecast (2021-2027)

Surface Treatment Chemicals Market: Current Analysis and Forecast (2021-2027)

The global surface treatment chemicals market is expected to showcase growth of around 6% during the forecast period (2021-2027). For many years surface treatment chemicals are in the market and over the years demand of chemicals has been increasing owing to rising production of ferrous and non-ferrous metals along with other industrial products. In order to protect these materials from corrosion or to remove the oil or any other unwanted layer from the base materials, surface treatment chemicals are used. Further, to apply a protection or aesthetic layers on the base materials surface treatment chemicals are taken into consideration. Therefore, it is expected that with the rising industrial production, demand of metals would increase, thereby increasing the demand of surface treatment chemicals to remove unwanted layer and provide protection or aesthetic beauty to the base material. According to World Steel Association, the global apparent steel consumption (finished steel products), has increased to 1,771.8 million tons in 2020 from 1,446.1 million tons in 2012.

Insights Presented in the Report
"Amongst type, cleaners segment held prominent share in the market in 2020.”

Based on type, the market is categorized into cleaners, plating chemicals, conversion coatings, and others. Among these, cleaners or cleaning chemicals captured significant share in the market owing to their use to protect the materials from corrosion. Further, these chemicals are used to remove the oil from the metal surface, since without removing oil from the metal surface, paint or powered coating would not last for a longer period. Owing to such reasons, the demand of cleaning chemicals is likely to increase with increasing industrial production.
 "Amongst material, metal segment accounted for major share in the global Surface Treatment Chemicals market

Based on material, the market is categorized into metals, plastics, and others. Among these, metal held the prominent share in the market owing to their susceptible nature towards corrosion. Further, in the production of metals, the metals are covered with oily surface which is necessary to remove before processing it further. Also, electroplating coating is widely used in metals to provide it an aesthetic look. Since the application areas of surface treatment chemicals is vast in the case of metal compared to plastic or any other materials, it accounts for the major share in the market.
"Asia Pacific captured significant position in the Surface Treatment Chemicals market”

For a better understanding of the market adoption of Surface Treatment Chemicals, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for significant share in the market and is expected to showcase substantial growth during the forecast period owing to growing industrial production, increasing investment in setting up new facilities by western players in order to take advantage of lower labor rate and raw material. Further, growing population, increasing urbanization couple with improving per-capita income boosting the demand from end-use industry, thereby increasing the demand of Surface Treatment Chemicals.

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