The global advanced surface treatment chemicals market, as reported by Future Market Insights, reached US$ 4,023.7 million in 2018. Over the projection period (2023 to 2033), global sales are expected to exhibit a 6.3% CAGR, ultimately totalling a market size of US$ 9,193.1 million by the end of 2033.
Growing utilization of advanced surface treatment chemicals in automotive industry is one of the key factors influencing the market growth. The expansion of the automotive industry will have significant impact on the market. Along with the automotive industry, increasing consumption of these chemicals in other industries including aerospace, electronics, packaging, construction and others is favoring the growth of the market.
Other Drivers Propelling the Demand include:
Challenges for Companies /Manufacturers in the Market:
Opportunities in the Industry:
Latest Trends in the Market:
Attributes | Details |
---|---|
Market Size (2023) | US$ 4,990.3 million |
Market Projected Size (2033) | US$ 9,193.1 million |
Value CAGR (2023 to 2033) | 6.3% |
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From 2018 to 2022, the global market grew at a CAGR of 4.4%, reaching a market size of US$ 4,990.3 million in 2023.
In the historic time period, market grew at a slower pace owing to the decreased demand from the key end use industries. The halt on the automotive production resulted in the decreased demand for the surface treatment chemicals, as it is prominent key end use industry for the market. Also, there were some notable changes in the industry including the focus on the performance enhancement of the chemicals. There has been an increasing emphasis on improving the performance of these chemicals.
During the projected timeframe, the market is anticipated to get lucrative growth opportunities, where industry is projected to grow at a CAGR of 6.3%.
Over the forecast period, the market is expected to be driven by factors including- growth of the end use industries, demand for sustainable solutions, advancements in technologies and compositions of the chemicals, industry specific customizations, growing emphasis on surface engineering and use of advanced STC in emerging applications. The market is anticipated to gain significant traction from the end use industries. Growing use of these chemicals in new applications will open up the new growth avenues for the market.
Country | The United States |
---|---|
Market Size (US$ million) by End of Forecast Period (2033) | US$ 1,359.8 million |
CAGR % 2023 to End of Forecast (2033) | 5.1% |
The market in the U.S. is expected to grow at a CAGR of 5.1% during the forecast period. Growth of the end use industries specially automotive and aerospace industries, is anticipated to favor the growth of the market. The U.S. has prominent position in global aerospace industry. The surging demand for advanced surface treatment solutions from aerospace industry, is expected to drive the demand. The aviation components market demands high-performance solutions to employ in the aircraft components such as structural parts, engine parts, coatings, landing gears and others.
The country has strong and robust automotive industry, which is a key end user for the surface treatment solutions. As the industry expands, so does the demand for surface treatment chemicals soars.
Country | India |
---|---|
Market Size (US$ million) by End of Forecast Period (2033) | US$ 411.8 million |
CAGR % 2023 to End of Forecast (2033) | 5.6% |
The industry in India is expected to touch US$ 411.8 million, expanding at a CAGR of 5.6% during the forecast period. The Indian market offers immense growth potential to this industry. Government Initiatives such as Make in India, favorable economic conditions, rapidly growing end use industries all are the crucial factors which will influence the market growth. With the growing population of country and disposable income, the automotive industry is witnessing surge in sales, which in turn will boost up the sales of these chemicals.
Country | China |
---|---|
Market Size (US$ million) by End of Forecast Period (2033) | US$ 2,374.6 million |
CAGR % 2023 to End of Forecast (2033) | 4.1% |
With a projected market value of US$ 2,374.6 million and a CAGR of 4.1%, the industry in China is poised for significant growth in the coming years. Advanced STC industry is a vibrant industry in China. China is known as manufacturing powerhouse and has dominant place in exporting countries. Country has robust supply chain and presence of domestic as well as international market players.
China holds strong position in automotive as well as in electronics market. The growing use of surface treatment chemicals in Electronics industry for cleaning, etching, surface preparation and others, will bolster the demand for these chemicals.
Country | Germany |
---|---|
Market Size (US$ million) by End of Forecast Period (2033) | US$ 723.7 million |
CAGR % 2023 to End of Forecast (2033) | 4.6% |
The Advanced STC market is expected to grow at a CAGR of 4.6% during the forecast period in Germany. Germany is renowned for its strong automotive industry, which demands high-performance surface treatment solutions. The growth of the industry directly impacts the advanced STC market as they are crucial in achieving aesthetic finish of the vehicle, cleaning, providing corrosion protection and others.
Along with this, country has strong aerospace and defense industry, requiring suitable solutions for its components for enhanced performance. All these factors, are key driving factors for the market in Germany.
The market is expected to gain significant traction from the aerospace and defense industry. Advanced STC are being used from food to aerospace industry. The aerospace industry is very dynamic and demanding industry. The chemicals and materials used in the aerospace and defense sector must be accurate and comply with regulations.
Aircraft components are quite valuable and it’s very important to maintain the characteristics, as they are very prone to metal fatigue and damages. Hence, the chemicals must be accurate so that they can bear the challenging environmental conditions.
These chemicals are applied to different components of the aircraft, such as turbine blades, landing gears, wheels, engine parts, structural parts to perform certain functions. The rapidly growing aerospace industry demands high-performance solutions. The growth of the industry and demand for high-performance solutions will benefit the market growth.
Automotive industry is one of the key end user for the advanced STC market. Surface treatment is crucial step in the automotive industry. Metals such as steel, iron, aluminum are used in automobile manufacturing. These metals require surface treatment for different purposes such as corrosion resistance, thermal insulation, electrical insulation, aesthetic appeal and others.
A variety of metal mix in automotive components require suitable surface treatment solutions. Also, the regulatory scenarios and certifications are other factors forcing key players to modify products and launch innovative materials in the market. Considering all the above factors, the automotive industry is anticipated to remain the biggest demand generator during the forecast period.
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The market is competitive in nature, where some of the key players are present in the market along with the small and medium scale players. The market has presence of several china based players, who are offering products at relatively cheap prices.
Key Strategies Adopted by the Players
Market leaders in the advanced surface treatment chemical industry have placed a strong emphasis on research and development initiatives. Substantial investments in such activities have been allocated to drive innovation and maintain a competitive edge. These strategic efforts enable key players to explore new avenues, resulting in the introduction of cutting-edge and inventive products.
Key players are putting efforts on expansion of their production capacities to cater the growing demand for advanced surface treatment chemicals. Few of the key players are expanding their production capacities in Asian countries, to get extra advantages of cost, installation, raw materials, and favorable economic conditions and so on.
Key manufacturers can relish lucrative opportunities by introducing unique and innovative products in the market as per the requirements from end use industries. Industry specific customization and specific solutions will give extra edge to the competitors.
Key Players in the Market
The 2023 market value is US$ 4,023.7 million
The market will flourish at a 6.3% CAGR through 2033.
The market rose at a 4.4% CAGR from 2018 to 2022.
Key players are NIHON PARKERIZING INDIA PVT. LTD., AD International, and Thermax Limited
The market will reach US$ 9,193.1 million in 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product innovation and Diversification
4.3. Marketing and Brand management
4.4. Supply Chain Management
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Tons) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Tons) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Pricing Analysis By Chemical Type
6.2. Pricing Break-up
6.3. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance and Impact
8.3. Value Chain Analysis
8.4. Porter’s Five Analysis
8.5. Supply Demand Overview
8.6. Buyer’s Decision Rationale
8.7. Market Dynamics
8.7.1. Drivers
8.7.2. Restraints
8.7.3. Opportunity Analysis
8.8. Impact of COVID – 19 Crisis
8.8.1. Introduction
8.8.2. World Economy / Cluster Projections
8.8.3. Potential of Impact by Taxonomy
8.8.4. Recovery Scenario (Short, Mid and Long term)
8.8.5. Key Strategies
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Chemical Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Chemical Type, 2018 to 2022
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Chemical Type, 2023 to 2033
9.3.1. Adhesion Promoters
9.3.2. Anti-corrosion Agents
9.3.3. Cleaners and Activators
9.3.4. Anodising Agents
9.3.5. Conversion Coatings
9.3.6. Others
9.4. Market Attractiveness Analysis By Chemical Type
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Surface Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By Surface Type, 2018 to 2022
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Surface Type, 2023 to 2033
10.3.1. Metal Surface
10.3.2. Plastic Surface
10.3.3. Glass & Ceramic Surface
10.3.4. Others
10.4. Market Attractiveness Analysis By Surface Type
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) and Volume Analysis By End Use Industry, 2018 to 2022
11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use Industry, 2023 to 2033
11.3.1. Automotive
11.3.2. Building & Construction
11.3.3. Electrical & Electronics
11.3.4. Aerospace & Defense
11.3.5. Packaging
11.3.6. Others (Healthcare, Textile)
11.4. Market Attractiveness Analysis By End Use Industry
12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022
12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2023 to 2033
12.3.1. North America
12.3.2. Latin America
12.3.3. Western Europe
12.3.4. Eastern Europe
12.3.5. East Asia
12.3.6. South Asia and Pacific
12.3.7. Middle East and Africa
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Chemical Type
13.4.2. By Surface Type
13.4.3. By End Use Industry
13.4.4. By Country
13.4.4.1. U.S.
13.4.4.2. Canada
13.5. Market Attractiveness Analysis
13.5.1. By Chemical Type
13.5.2. By Surface Type
13.5.3. By End Use Industry
13.5.4. By Country
13.6. Market Trends
13.7. Driver and Restraint: Impact Analysis
14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Chemical Type
14.4.2. By Surface Type
14.4.3. By End Use Industry
14.4.4. By Country
14.4.4.1. Brazil
14.4.4.2. Mexico
14.4.4.3. Argentina
14.4.4.4. Rest of Latin America
14.5. Market Attractiveness Analysis
14.5.1. By Chemical Type
14.5.2. By Surface Type
14.5.3. By End Use Industry
14.5.4. By Country
14.6. Market Trends
14.7. Driver and Restraint: Impact Analysis
15. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Chemical Type
15.4.2. By Surface Type
15.4.3. By End Use Industry
15.4.4. By Country
15.4.4.1. Germany
15.4.4.2. Italy
15.4.4.3. France
15.4.4.4. U.K.
15.4.4.5. Spain
15.4.4.6. BENELUX
15.4.4.7. Russia
15.4.4.8. Rest of Western Europe
15.5. Market Attractiveness Analysis
15.5.1. By Chemical Type
15.5.2. By Surface Type
15.5.3. By End Use Industry
15.5.4. By Country
15.6. Market Trends
15.7. Driver and Restraint: Impact Analysis
16. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Chemical Type
16.4.2. By Surface Type
16.4.3. By End Use Industry
16.4.4. By Country
16.4.4.1. Poland
16.4.4.2. Hungary
16.4.4.3. Romania
16.4.4.4. Czech Republic
16.4.4.5. Rest of Eastern Europe
16.5. Market Attractiveness Analysis
16.5.1. By Chemical Type
16.5.2. By Surface Type
16.5.3. By End Use Industry
16.5.4. By Country
16.6. Market Trends
16.7. Driver and Restraint: Impact Analysis
17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
17.4.1. By Chemical Type
17.4.2. By Surface Type
17.4.3. By End Use Industry
17.4.4. By Country
17.4.4.1. China
17.4.4.2. Japan
17.4.4.3. South Korea
17.5. Market Attractiveness Analysis
17.5.1. By Chemical Type
17.5.2. By Surface Type
17.5.3. By End Use Industry
17.5.4. By Country
17.6. Market Trends
17.7. Driver and Restraint: Impact Analysis
18. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
18.4.1. By Chemical Type
18.4.2. By Surface Type
18.4.3. By End Use Industry
18.4.4. By Country
18.4.4.1. India
18.4.4.2. Association of Southeast Asian Nations
18.4.4.3. Australia and New Zealand
18.4.4.4. Rest of South Asia and Pacific
18.5. Market Attractiveness Analysis
18.5.1. By Chemical Type
18.5.2. By Surface Type
18.5.3. By End Use Industry
18.5.4. By Country
18.6. Market Trends
18.7. Driver and Restraint: Impact Analysis
19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
19.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
19.4.1. By Chemical Type
19.4.2. By Surface Type
19.4.3. By End Use Industry
19.4.4. By Country
19.4.4.1. Gulf Cooperation Council Countries
19.4.4.2. Türkiye
19.4.4.3. Northern Africa
19.4.4.4. South Africa
19.4.4.5. Rest of Middle East and Africa
19.5. Market Attractiveness Analysis
19.5.1. By Chemical Type
19.5.2. By Surface Type
19.5.3. By End Use Industry
19.5.4. By Country
19.6. Market Trends
19.7. Driver and Restraint: Impact Analysis
20. Key Countries Market Analysis
20.1. U.S. Market Analysis
20.1.1. By Chemical Type
20.1.2. By Surface Type
20.1.3. By End Use Industry
20.2. Canada Market Analysis
20.2.1. By Chemical Type
20.2.2. By Surface Type
20.2.3. By End Use Industry
20.3. Mexico Market Analysis
20.3.1. By Chemical Type
20.3.2. By Surface Type
20.3.3. By End Use Industry
20.4. Brazil Market Analysis
20.4.1. By Chemical Type
20.4.2. By Surface Type
20.4.3. By End Use Industry
20.5. Argentina Market Analysis
20.5.1. By Chemical Type
20.5.2. By Surface Type
20.5.3. By End Use Industry
20.6. Germany Market Analysis
20.6.1. By Chemical Type
20.6.2. By Surface Type
20.6.3. By End Use Industry
20.7. Italy Market Analysis
20.7.1. By Chemical Type
20.7.2. By Surface Type
20.7.3. By End Use Industry
20.8. France Market Analysis
20.8.1. By Chemical Type
20.8.2. By Surface Type
20.8.3. By End Use Industry
20.9. U.K. Market Analysis
20.9.1. By Chemical Type
20.9.2. By Surface Type
20.9.3. By End Use Industry
20.10. Spain Market Analysis
20.10.1. By Chemical Type
20.10.2. By Surface Type
20.10.3. By End Use Industry
20.11. Russia Market Analysis
20.11.1. By Chemical Type
20.11.2. By Surface Type
20.11.3. By End Use Industry
20.12. BENELUX Market Analysis
20.12.1. By Chemical Type
20.12.2. By Surface Type
20.12.3. By End Use Industry
20.13. China Market Analysis
20.13.1. By Chemical Type
20.13.2. By Surface Type
20.13.3. By End Use Industry
20.14. Japan Market Analysis
20.14.1. By Chemical Type
20.14.2. By Surface Type
20.14.3. By End Use Industry
20.15. S. Korea Market Analysis
20.15.1. By Chemical Type
20.15.2. By Surface Type
20.15.3. By End Use Industry
20.16. India Market Analysis
20.16.1. By Chemical Type
20.16.2. By Surface Type
20.16.3. By End Use Industry
20.17. Australia and New Zealand Market Analysis
20.17.1. By Chemical Type
20.17.2. By Surface Type
20.17.3. By End Use Industry
20.18. ASEAN Market Analysis
20.18.1. By Chemical Type
20.18.2. By Surface Type
20.18.3. By End Use Industry
20.19. Gulf Cooperation Council Countries Market Analysis
20.19.1. By Chemical Type
20.19.2. By Surface Type
20.19.3. By End Use Industry
20.20. Türkiye Market Analysis
20.20.1. By Chemical Type
20.20.2. By Surface Type
20.20.3. By End Use Industry
20.21. South Africa Market Analysis
20.21.1. By Chemical Type
20.21.2. By Surface Type
20.21.3. By End Use Industry
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies
21.2. Market Concentration
21.3. Market Share Analysis of Top Players
21.4. Market Presence Analysis
22. Competition Analysis
22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Key Developments
22.4. Competition Deep Dive
22.4.1. NIHON PARKERIZING INDIA PVT. LTD.
22.4.1.1. Overview
22.4.1.2. Product Portfolio
22.4.1.3. Sales Footprint
22.4.1.4. Strategy Overview
22.4.2. AD International
22.4.2.1. Overview
22.4.2.2. Product Portfolio
22.4.2.3. Sales Footprint
22.4.2.4. Strategy Overview
22.4.3. Thermax Limited
22.4.3.1. Overview
22.4.3.2. Product Portfolio
22.4.3.3. Sales Footprint
22.4.3.4. Strategy Overview
22.4.4. BCW Engineering
22.4.4.1. Overview
22.4.4.2. Product Portfolio
22.4.4.3. Sales Footprint
22.4.4.4. Strategy Overview
22.4.5. Trocellen
22.4.5.1. Overview
22.4.5.2. Product Portfolio
22.4.5.3. Sales Footprint
22.4.5.4. Strategy Overview
22.4.6. UACJ Corporation
22.4.6.1. Overview
22.4.6.2. Product Portfolio
22.4.6.3. Sales Footprint
22.4.6.4. Strategy Overview
22.4.7. Henkel AG & Co. KGaA
22.4.7.1. Overview
22.4.7.2. Product Portfolio
22.4.7.3. Sales Footprint
22.4.7.4. Strategy Overview
22.4.8. Keronite
22.4.8.1. Overview
22.4.8.2. Product Portfolio
22.4.8.3. Sales Footprint
22.4.8.4. Strategy Overview
22.4.9. Elos Medtech AB
22.4.9.1. Overview
22.4.9.2. Product Portfolio
22.4.9.3. Sales Footprint
22.4.9.4. Strategy Overview
22.4.10. Surface Technology
22.4.10.1. Overview
22.4.10.2. Product Portfolio
22.4.10.3. Sales Footprint
22.4.10.4. Strategy Overview
22.4.11. Vantage Specialty Chemicals
22.4.11.1. Overview
22.4.11.2. Product Portfolio
22.4.11.3. Sales Footprint
22.4.11.4. Strategy Overview
22.4.12. Kemia
22.4.12.1. Overview
22.4.12.2. Product Portfolio
22.4.12.3. Sales Footprint
22.4.12.4. Strategy Overview
22.4.13. BASF SE
22.4.13.1. Overview
22.4.13.2. Product Portfolio
22.4.13.3. Sales Footprint
22.4.13.4. Strategy Overview
22.4.14. Hardide Coatings
22.4.14.1. Overview
22.4.14.2. Product Portfolio
22.4.14.3. Sales Footprint
22.4.14.4. Strategy Overview
22.4.15. COVENTYA
22.4.15.1. Overview
22.4.15.2. Product Portfolio
22.4.15.3. Sales Footprint
22.4.15.4. Strategy Overview
22.4.16. Sherwin-Williams Company
22.4.16.1. Overview
22.4.16.2. Product Portfolio
22.4.16.3. Sales Footprint
22.4.16.4. Strategy Overview
23. Primary Survey Analysis
24. Assumptions and Acronyms Used
25. Research Methodology
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