Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Surface treatment is usually carried out after primary product is formed into work pieces or shaped substrates such as sheets, coils, nuts, bolts, pressed or moulded components and others. These surface chemical treatment play an important for appearance, function and life of the product. The market has different surface treatments processes, with different applications and uses like improving the hardness, wear resistance, controlling friction, reduction of adhesion, improving the lubrication, corrosion resistance. The market has key consumers based on end use industry including transportation, construction, general industry, packaging, industrial machinery. The chemical surface treatment is therefore a largely market to many industries which is further propelling the demand for chemical surface treatment market.
The key factor driving the growth of market is growing automotive industry and demand for different purpose including aesthetic appeal and thermal insulation which are expected to help the market growth during forecast period. For instance in September 2019 BASF had started construction of new surface treatment site for its Chemetall brand in Pinghu, China. Besides the company is planning to expand production capacity to support growing demand across multiple segments in China. Also increasing demand for durable and wear-resistant products will drive the growth of the market due to growing investment and R&D innovation which drive the growth of market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the chemical surface treatment market. In addition, complete analysis of changes on the chemical surface treatment market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the chemical surface treatment market was moderate as the industry has shown growing demand for innovative products during COVID-19 pandemic.
The chemical surface treatment market is segmented based on by chemical type, base material, end use industry and geography.
The chemical surface treatment market are available in different types including cleaners, plating chemicals, conversion coating
Conversion Coating further includes oxide conversion coating, phosphate conversion coating, chromate conversion coating. Plating chemical is anticipated to lead accounting the significant share of chemical surface treatment market. The various end-use industries such as transportation, industrial machinery, and construction have the use of this chemical for inhibiting corrosion, reducing friction, improving paint adhesion which is expected to drive the segment growth. Besides cleaners is expected to witness the highest growth during the forecast period as these are widely used to remove oils and coolants, carbon smut, metal oxides, lapping compounds.
The chemical surface treatment are mostly produce using base material like metals and plastics. Metals is further bifurcated to iron & steel and aluminum. Plastics is estimated to dominate in the chemical surface treatments market during the forecast period owing to cheap available and easily moulded or formed, retaining their own properties such as flexibility and insulation while the surface can be given the properties of metals. Also, these are treated to change their surface properties for decoration and reflectivity, wear resistance, corrosion prevention, improved hardness and as a base to improve adhesion of other treatments such as photosensitive coatings and painting for printing. Also, plastics requires reduces finishing compared to metal
The chemical surface treatment has major end user in transportation, construction, general industry, packaging, industrial machinery. Transportation is further sub segmented to automotive and aerospace. Transportation is expected to lead in the chemical surface treatments market attributing to increasing urbanization and demand for automotive specifically vehicles thereby having growing use of paints & coating further has a high economic importance as they provide protection against corrosive and atmospheric attack. Also, these chemical surface are highly used for construction building specifically for concrete floor. These testament has a positive effect on the floor’s functionality and other similarly important issues. These factor of chemical surface treatment is expected to fuel the demand for the market.
Geographically the global chemical surface treatment market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia Pacific is expected to be the largest market for chemical surface treatments owing to increasing demand for commodities like automobiles and growing industry demand for chemical surface treatments in terms of value and volume is propelling the growth in the region. Besides investments from international companies in the countries like China and India is driving the market growth. On the other hand Europe is anticipated to register the highest growth via sales in the regions. Also, North America has increasing construction sector and industrial machinery which is further expected to fuel the demand for chemical surface treatment market during forecast period.
The key players in chemical surface treatment market are Platform Specialty Products Corporation, Atotech Deutschland, NOF Corporation, Henkel, Chemetall, Nihon Parkerizing, PPG Industries, Nippon Paint Co. Ltd., DOW , Elementis, Advanced Chemical Company, Coral Chemical Company, Houghton International, Inc., Mcgean-Rohco, Inc., A Brite Company, Coventya, C.Uyemura & Co., Ltd., Grauer & Weil India Ltd. and Industrial Metal Finishing, Inc. among others.
June 2020: BASF had established metal surface treatment global competence center in Asia Pacific. The company had inaugurated its application center for metal surface treatment (MST), located in the Innovation Campus Shanghai, China. The first of its kind lab and competence center for BASF’s care chemicals division in Asia will enable quicker, collaborative innovation with customers and deliver sustainable additives to the MST industry. Innovation pipelines in applications for new and existing products have been defined for the lab, with an imperative on more environmentally friendly products and emerging technologies.
February 2020: Affix Labs had launched surface cleaning product, Clean N Coat which can be applied like any alternative but leaves a nearly invisible, ultra-thin, anti-microbial coating actively protecting surfaces for up to seven days. In tests, the coating lasted for over 300 touches.
The report analyses the global chronic pain market based on by chemical type, base material, end use industry and geography. The chemical surface treatment market are available in different types including cleaners, plating chemicals, conversion coating. The chemical surface treatment are mostly produce using base material like metals and plastics. The chemical surface treatment has major end user in transportation, construction, general industry, packaging, industrial machinery. Geographically the global chemical surface treatment market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW)
The key players in chemical surface treatment market are Platform Specialty Products Corporation, Atotech Deutschland, NOF Corporation, Henkel, Chemetall, Nihon Parkerizing, PPG Industries, Nippon Paint Co. Ltd., DOW , Elementis, Advanced Chemical Company, Coral Chemical Company, Houghton International, Inc., Mcgean-Rohco, Inc., A Brite Company, Coventya, C.Uyemura & Co., Ltd., Grauer & Weil India Ltd. and Industrial Metal Finishing, Inc. among others.
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