Surface Treatment Chemicals Market Expected to Hit USD 20.87 Billion by 2028, Growing at 7.15% CAGR
This comprehensive Surface Treatment Chemicals Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.
“According to recent market analysis report, the Global Surface Treatment Chemicals Market size is projected to reach USD 20.87 billion by 2028, and grow at a CAGR of around 7.15% during the forecast period, i.e., 2023-28.”
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Driving Force Behind the Growth of the Surface Treatment Chemicals Market through 2028
Surge In Building And Construction Projects Paired With Thriving Automobile Industry – The market is experiencing significant growth due to the growing urbanization projects and expanding automotive industry. The exponential increase in the global population has led to a surge in building and construction projects, consequently driving the demand for surface treatment chemicals. These chemicals play a crucial role in enhancing the durability, appearance, and performance of various surfaces in construction applications.
Simultaneously, the automotive sector is witnessing a rise in vehicle sales on a global scale. To meet the increasing consumer demand, automakers are compelled to expand their production capabilities. This expansion requires the utilization of surface treatment chemicals for various applications in the manufacturing process. As a result, the market is poised for substantial growth, propelled by the combined factors of urbanization projects and the expanding automotive industry, throughout the forecast period until 2028.
Market Segment Highlights:
By Type
- Corrosion Protection Chemicals
- Cleaners
- Anodizing Chemicals
- Passivation Agents
- Others
- Paint Strippers
- Metal Working Fluids
- Glass Cutting Fluids
- Others
By Base Metal
- Metal
- Iron & Steel
- Aluminum
- Others
- Plastic
- Others
- Glass
- Wood
By Application
- Automotive Industry
- Industrial Machinery
- Coil Industry
- Aerospace Industry
- Others
- Metal Working Industry
- Glass Industry
- Wood Industry
The Automotive Sector is anticipated to dominate the Global Surface Treatment Chemical Market with the largest share during the forecast period. It owes principally to the rapidly increasing number of vehicle sales due to the growing purchase power of people, i.e., instigating automakers to increase their production capabilities.
Surface Treatment Chemicals Market Regional Outlook:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Surface Treatment Chemicals Market Competition Analysis:
Some of the top Surface Treatment Chemicals companies operating in the market are AHC Oberflächentechnik GmbH, Bulk Chemicals Inc., Chemetall GmbH, Henkel AG & Co. KGaA, JCU CORPORATION, Nippon Paint Holdings Co., Ltd., Element Solutions Inc (formerly Platform Specialty Products Corporation), Solvay S.A, Derivados del Flúor (DDF), SurTec International GmbH, etc.
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