Global Surface Treatment Chemicals Market Overview
Surface Treatment Chemicals Market was valued at USD 16.7 Billion in 2024 and is projected to grow at a CAGR of 7.8% to reach USD 32.9 Billion by 2034.
The surface treatment is the procedure of modifying the surface properties of an already manufactured product to attain desired characteristic features. It is either chemical or a mechanical process, which is basically employed to enhance appearance, improve adhesion or wettability, resistance to corrosion, solder ability, tarnish, harmful chemicals, wear & tear. Additionally, it modifies thermal & electrical conductivity, confers hardness, eliminates surface flaws, and controls the surface friction & attrition. Moreover, the surface treatment chemicals are organized in order to offer chemical-based surface finishing operations such as reducing or enhancing photosensitivity, corrosion curing, stripping of paints and other tough stains, and most importantly electroplating of the metal surface. Automotive, electrical, and construction industries are the major end-users of surface treatment chemicals.
Global Surface Treatment Chemicals Market Drivers & Restraints
Surging industrialization and swelling heavy machinery demand
The surface treatment chemicals have wide applications in automotive coating, thus driving the growth of the target market globally. This thriving global automobile and component production is projected to produce sustainable demand for the surface treatment chemical market, particularly etchants and electrolytic colorings chemicals. Additionally, surging industrialization and swelling heavy machinery demand in developing market will create flourishing opportunities for domestic and global manufacturers over the forecast period. Among metal application, the growing commercial and residential infrastructure is impelling demand for anodized aluminum, which in turn create strong demand for anodizing chemicals such as additives, etchants, and degreaser.
Conversely, stringent environmental rules regarding emissions hampers the volume sales of some surface treatment chemicals in certain regional markets.
Regional Insights:
Global Surface Treatment Chemicals Market Segmentations & Regional Insights
Surface treatment chemicals market is segmented based on the chemical type, base material, end-user, and region.
On the basis of the chemical type, the global surface treatment chemicals market is segmented into cleaners, plating chemicals, conversion coatings, and others. Based on the base material, the target market is segmented into metals, plastics, and others. Based on the end-user, the target market is classified into transportation, construction, general industry, industrial machinery, and others.
The global surface treatment chemicals market accounted for US$ 6.4 billion in 2020 and is estimated to be US$ 12.98 billion by 2030 and is anticipated to register a CAGR of 7.4%. On region the global surface treatment chemicals market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is projected to register relatively high growth in terms of value and volume, due to the growing demands for surface treatment chemicals in industrial manufacturing, automotive, and electronics application. Russia surface treatment chemicals market is projected to register strong growth and thus fueling the revenue sales of the Eastern Europe surface treatment chemicals market. Western Europe surface treatment chemicals market is projected to register relatively mature volume sales due to improving condition of the industrial machinery industry. Whereas, the demand is anticipated to grow during the second half of the estimated period. The developing construction and industrial machinery sector growth is predicted to create a sustainable demand for corrosion protection chemicals paint strippers and anodizing in GCC and North Africa surface treatment chemicals market. Furthermore, proliferating demand for corrosion protective chemicals in Latin America is expected to drive the growth of the target market in this region. Brazil and Mexico are projected to witness relatively high-volume sales in the region with demand opportunities initiating from infrastructure and construction application segment
Surface Treatment Chemicals Market Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
Market Segmentation |
By Chemical Type - Cleaners, Plating Chemicals, Conversion Coatings, and Others By Base Material - Metals, Plastics, and Others By End-user - Transportation, Construction, General Industry, Industrial Machinery, and Others |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global surface treatment chemicals market report based on chemical type, base material, end user, and region.
Surface Treatment Chemicals Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
-
- Middle East & Africa
- Canada
Global Surface Treatment Chemicals Market Competitive Landscape & Key Players
The key players operating in the global surface treatment chemicals market include Platform Specialty Products Corporation, Atotech Deutschland GmbH, NOF Corporation, Henkel AG & Co. KGaA, Chemetall, Inc., PPG Industries, Inc., Nihon Parkerizing Co., Ltd., Nippon Paint Co. Ltd., DOW Chemicals, Elementis, and Metal Finishing Technologies LLC. Multiple strategies such as new product launches, acquisitions, and joint ventures are adopted by the companies to enter the surface treatment chemicals market.
Global Surface Treatment Chemicals Market Company Profile
- Platform Specialty Products Corporation
- Atotech Deutschland GmbH
- NOF Corporation
- Henkel AG & Co. KGaA
- Chemetall, Inc.
- PPG Industries, Inc.
- Nihon Parkerizing Co., Ltd.
- Nippon Paint Co. Ltd.
- DOW Chemicals
- Elementis
- Metal Finishing Technologies LLC
Global Surface Treatment Chemicals Market Highlights
FAQs
Surface Treatment Chemicals Market was valued at USD 16.7 Billion in 2024 and is projected to grow at a CAGR of 7.8% to reach USD 32.9 Billion by 2034.
Surface treatment chemicals market is segmented based on the chemical type, base material, end-user, and region.
The surface treatment chemicals market is driven by the need for improved surface properties in industries like automotive and aerospace, technological advancements, eco-friendly treatments, rising industrial activities in emerging economies, and stringent quality and safety regulations.
The surface treatment chemicals market faces restraints such as stringent environmental regulations limiting the use of hazardous chemicals, high costs associated with advanced treatment processes, and the availability of alternative technologies like thermal spraying. Additionally, fluctuations in raw material prices and the need for significant investment in research and development to meet evolving industry standards can hinder market growth.
The report typically considers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the surface treatment chemicals market due to rapid industrialization, strong growth in automotive and construction sectors, and increasing investments in manufacturing in countries like China and India.
The key players operating in the global surface treatment chemicals market include Platform Specialty Products Corporation, Atotech Deutschland GmbH, NOF Corporation, Henkel AG & Co. KGaA, Chemetall, Inc., PPG Industries, Inc., Nihon Parkerizing Co., Ltd., Nippon Paint Co. Ltd., DOW Chemicals, Elementis, and Metal Finishing Technologies LLC.