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.
Principal Consultant
| 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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Advanced Surface Treatment Chemical Market
