Surface Treatment Chemicals Market Size was valued at USD 6.70 Billion in 2023. The Surface Treatment Chemicals industry is projected to grow from USD 7.30 Billion in 2024 to USD 13.40 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.89% during the forecast period (2024 - 2032). Booming construction industry and rise in surface treatment chemical product launches are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for surface treatment chemicals are used in construction activities to aid in the removal of formwork and the improvement of concrete surface quality when sprayed on freshly cast concrete and in situations where water curing is difficult or unreliable. Elements such as strong demand for larger living areas, strong federal government policies for residential development, a rapidly increasing commercial sector, and other similar elements are propelling the growth of the building and construction industry. According to the United States Census Bureau, the total number of new residential construction projects started in the United States in 2020 was 1,379.61 thousand units, and in 2021 it was 1,610 thousand units, an increase of 16.7%. Furthermore, in Q3 of 2021. The development of offices began in Germany, with projects such as the Markisches Zentrum Redevelopment (due for completion in Q4 2023), Minden Headquarters Building (due for completion in Q3 2024), Kolbenhoefe Mixed-Use Complex (due for completion in Q4 2023), and others. As a result, the expansion of the building and construction industry drives the expansion of the surface treatment chemicals market.
Surface treatment chemical manufacturers are heavily investing in new product launches of chemicals used as cleaning agents in a variety of industries including medical & healthcare, building & construction, and others. As a result, manufacturers of surface treatment chemicals are introducing new products with current technological developments.
For instance, AFFIX Labs produced a long-lasting surface treatment chemical solution to eradicate COVID-19 in July 2020. Si-Quat destroys active viruses such as SARS-COV-2 by combining a proven disinfectant with a chemical bonding technique. Similarly, similar launch techniques used by surface treatment manufacturers support the market's expansion financially.
Technological advancements are the major trend gaining traction in the chemical surface treatment market. The cutting-edge surface coating method protects against wear-prone applications. They are meant to be wear-resistant, prevent abrasion, and guard against caustic/acidic chemicals and cleaning agents in order to optimize line efficiency. To address consumer demand, prominent chemical surface treatment companies are focusing on developing breakthrough technology solutions.
For example, the Swiss automation manufacturer ABB released low-voltage flameproof actuators for explosive situations in January 2022. ABB's low-voltage fireproof motors are resistant to even the worst weather conditions thanks to cutting-edge surface treatment.
The Surface Treatment Chemicals Market segmentation, based on type includes Anodizing Solution, Paint Strippers, Passivation, Pickling, Anti-Corrosion, Cleaners and Others. The cleaners category of the surface treatment chemicals market is the fastest expanding. This is due to the growing demand for environmentally friendly and efficient cleaners in a variety of industries, including automotive, aerospace, and electronics. cleansers are numerous sorts of cleansers that are used to remove impurities from surfaces before treatment, such as degreasers, acid cleaners, and alkaline cleaners. The use of eco-friendly cleaners is growing as people become more concerned about the environment as well as their own health and safety.
The Surface Treatment Chemicals Market segmentation, based on Substrate Type, includes Metal, Plastic, and Wood. The plastics category is likely to lead the market over the forecast period. Plastics' choice over metals in various end-use industries such as transportation and construction can be credited to the market's growth in this segment. Plastics are particularly simple to manufacture since they can be easily moulded and machined. They also require less finishing.
Figure1: Surface Treatment Chemicals Market, by Substrate Type, 2022&2032(USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Surface Treatment Chemicals Market segmentation, based on application, includes Automotive & Transportation, Industrial Machinery, Construction, and Electrical & Electronics. In 2022, the automotive & transportation segment held the greatest share of the surface treatment chemicals market. Surface treatment chemicals offer a variety of benefits, including enhanced cleaning, corrosion protection, and sealing, as well as increased paint adherence and metal forming and treatment. As a result of these advantages, surface treatment chemicals are frequently used in transportation vehicles to protect the surfaces of automobiles and aircraft. variables such as rising passenger car usage, a thriving industrial sector, and other variables are propelling the growth of the automobile industry.
Vantage, a major global supplier of organically derived specialty ingredients, formulation components, and expertise, will present its SPARK INNOVATION platform at the 2024 Beauty Accelerate exhibition in Los Angeles. Designed to suit the demands of new and rapidly growing businesses seeking off-the-shelf solutions, this fast formulation capability provides full-service product development options based on the Company's extensive natural ingredient portfolio.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Surface Treatment Chemicals Market area will dominate this market, due to increased demand from a variety of end-use industries, including construction, aerospace, and automotive.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: SURFACE TREATMENT CHEMICALS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Surface Treatment Chemicals Market accounts for the second-largest market share due to rising demand for automobiles. Further, the German Surface Treatment Chemicals Market held the largest market share, and the UK Surface Treatment Chemicals Market was the fastest growing market in the European region.
The Asia-Pacific Surface Treatment Chemicals Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the region's expanding manufacturing and industrial sectors, particularly in China and India. The area's automotive, aerospace, and construction industries are the primary drivers of demand for chemical surface treatment. Moreover, China’s Surface Treatment Chemicals Market held the largest market share, and the Indian Surface Treatment Chemicals Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Surface Treatment Chemicals Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Surface Treatment Chemicals industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Surface Treatment Chemicals industry to benefit clients and increase the market sector. In recent years, the Surface Treatment Chemicals industry has offered some of the most significant advantages to medicine. Major players in the Surface Treatment Chemicals Market, including JCU CORPORATION (Japan), Platform Specialty Products Corporation (The U.S.), Quaker Chemical Corporation (The U.S.), and Nihon Parkerizing Co.,Ltd. (Japan) and others, are attempting to increase market demand by investing in research and development operations.
The Sherwin-Williams Company is an American corporation headquartered in Cleveland, Ohio. It principally manufactures, distributes, and sells paints, coatings, floorcoverings, and associated goods to professional, industrial, commercial, and retail customers in North and South America and Europe. Sherwin-Williams had operations in over 120 countries. In 2020, Sherwin-Williams announced the acquisition of RPM International Inc.'s Performance Coatings Group, which includes the trademarks Rust-Oleum, Zinsser, and Varathane. The acquisition was made to help Sherwin-Williams grow its product offering in the DIY and Industrial Coatings markets.
BASF SE is a European multinational corporation and the world's largest chemical producer. The company's headquarters are in Ludwigshafen, Germany. BASF has subsidiaries and joint ventures in over 80 countries and runs six integrated manufacturing sites as well as 390 other manufacturing locations throughout Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and serves a wide range of sectors. In 2021, BASF introduced the Chemetall Surface Treatment products, a new line of surface treatment products. These treatments are intended to increase the performance and longevity of metal surfaces in industries ranging from automotive to aerospace to electronics.
DuPont reported in 2023 that Coryor Surface Treatment Company and Nippon Paint Taiwan had unveiled a number of innovative offerings, including printed Tedlar PVF solutions and PVF coating, at the Taipei Building Show in Taiwan. Tedlar films, according to the business, have proven to be effective in the most extreme situations. Tedlar film delivers unparalleled UV and weather resilience, from preventing deterioration on solar panels to keeping airplane interiors clean and new. Tedlar® films are even resistant to the harshest chemical cleansers, such as bleach and alcohol-based solvents.
July 2021, Plascoat Systems Limited, a UK-based specialty manufacturer of coatings for high-performance industrial and automotive applications, has been acquired by Axalta Coating Systems. The acquisition aims to broaden Axalta's product offering and boost its presence in Europe.
March 2021, Henkel AG & Co. KGaA announced the acquisition of The Bergquist Company's Surface Treatment business in the United States. The acquisition was made to help Henkel strengthen its position in the surface treatment industry for electronic components.
December 2020, PPG Industries, Inc. has announced the purchase of Industria Chimica Reggiana (ICR) S.p.A., an Italian maker of Automotive Refinish Coatings. PPG's product range in the European market will be expanded as a result of the acquisition.
| Report Attribute/Metric | Details |
| Market Size2023 | USD 6.75 Billion |
| Market Size 2024 | USD 7.30 Billion |
| Market Size2032 | USD 13.4 Billion |
| Compound Annual Growth Rate (CAGR) | 7.89% (2023-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Substrate Type, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | PPG Industries (The U.S.), Henkel AG & Co. KGa (Germany), Nippon Paint Holdings Co., Ltd. (Japan), Solvay SA (Belgium), OC Oerlikon (Switzerland), McGean-Rohco Inc. (The U.S.), JCU CORPORATION (Japan), Platform Specialty Products Corporation (The U.S.), Quaker Chemical Corporation (The U.S.), and Nihon Parkerizing Co.,Ltd. (Japan) |
| Key Market Opportunities | Building more residential and commercial infrastructure in the building industry The stringent regulatory requirement |
| Key Market Dynamics | Rising metal demand and low density increasing government investment in the infrastructure sector Product demand is increasing. |
Surface Treatment Chemicals Market Highlights:
Frequently Asked Questions (FAQ) :
The Surface Treatment Chemicals Market size was valued at USD 6.70 Billion in 2023.
The Surface Treatment Chemicals Market is projected to grow at a CAGR of 7.89% during the forecast period, 2024-2032.
North America had the largest share in the Surface Treatment Chemicals Market.
The key players in the Surface Treatment Chemicals Market are JCU CORPORATION (Japan), Platform Specialty Products Corporation (The U.S.), Quaker Chemical Corporation (The U.S.), and Nihon Parkerizing Co.,Ltd. (Japan).
The plastics category dominated the Surface Treatment Chemicals Market in 2023.
The Automotive & transportation had the largest share in the Surface Treatment Chemicals Market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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