The Surface Treatment Market is segmented by End-Use Industry Type (Automotive, Aerospace, Metal Processing, Aluminum Finishing, General Industry, and Others), Chemical Type (Cleaners, Conversion Coatings, Paint Strippers, Activation & Passivation Agents, and Others), Substrate Type (Metal Substrates, Plastic Substrates, and Other Substrates), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Segments' Analysis
Stratview Research has firstly segmented the surface treatment market based on the end-use industry type as automotive, aerospace, general industry, metal processing, aluminum finishing, and others. The Automotive industry is expected to remain the largest demand generator of surface treatment during the forecast period. Wide usage of surface treatment chemicals on the body parts of vehicles, large automotive fleet size, and expected recovery in vehicle production in the post-pandemic market developments are some of the key driving factors of the segment’s market growth. Further, there is also an increase in demand for wear- and corrosion-resistant products across industry verticals such as automotive, steel, aluminum, metal processing, etc.
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 the substrate type, the market is segmented as metals, plastics, and others. The metal segment is likely to maintain its dominance during the forecast period, whereas the plastic segment is expected to grow at the highest rate over the same period. Metals are more prone to corrosion and degradation, making the use of surface treatment chemicals crucial in metal surfaces. Steel and aluminum are the major substrates where surface treatment chemicals are widely used.
Regional Analysis
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.
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
Sign in to leave a comment.