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What is the Future CAGR of the Chemical Surface Treatment Market, and How Will It Impact Industry Expansion?

The market size of chemical surface treatment has significantly expanded in the past few years. The forecast predicts a progression from $15.75 billion in 2024 and reach up to $16.97 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.7%. Factors leading to the growth in the historic timeline include manufacturing growth, corrosion prevention, necessities for metal finishing, enhancement in electronics and semiconductors, and developments in the aerospace and defense industries.

The size of the chemical surface treatment market is anticipated to witness significant expansion in the upcoming years. The market valuation is estimated to reach $23.86 billion by 2029, at a compound annual growth rate (CAGR) of 8.9%. The surge in the projected period can be credited to factors such as innovative coatings, booming healthcare infrastructure, high-quality plastics, an increasing need for functional coatings, and advancements in pre-treatment processes. The expected period also foresees emerging trends like environmentally friendly treatment procedures, nanotechnology applications in surface treatment, water-based solutions for surface treatments, thermal spray coatings, and specialization for distinct end-use sectors.

What External and Internal Drivers Are Contributing to the Growth of the chemical surface treatment Market’s Growth?

The chemical surface treatment market is being driven by the flourishing automotive industry. Economic development and an improved standard of living have enhanced purchasing capabilities. Despite COVID-19’s economic impact altering our global lifestyle and mobility, a fresh way of life is projected. Personal mobility is in sudden high demand worldwide due to social distancing being our primary defense against COVID-19. Moreover, global warming concerns and net-zero emissions ambitions are pushing for a worldwide transition to zero-emission vehicles. These shifts also foster increased production of electric and hybrid vehicles, moving away from fossil fuels towards locally sourced power vehicles. Consequently, this boost in automotive requirements has escalated production, leading to the need for chemical surface treatment for corrosion protection and enhancement of materials’ functional attributes. For example, it was reported by the European Automobile Manufacturers Association in April 2022, that 79.1 million motor vehicles were produced globally, indicating a 1.3% rise from the previous year. Thus, the thriving automotive industry is influencing the expansion of the chemical surface treatment market.

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What Are the Top Market Players Propelling the Growth of the Chemical Surface Treatment Industry?

Major companies operating in the chemical surface treatment market include:

• Henkel AG & Co. KGaA_x000D_

• Nihon Parkerizing Co._x000D_

• Ltd._x000D_

• Chemetall GmbH_x000D_

• NOF Corporation_x000D_

What Are the Key Trends to Watch in the Chemical Surface Treatment Market Over the Coming Years?

The primary trend gaining traction in the chemical surface treatment market is technological advancements. This state-of-the-art surface coating treatment is specifically designed to be wear-resistant, barrier against friction, and ensure protection from caustic or acidic substances and cleaning solutions with a view to enhance line effectiveness. The principal enterprises operating in the domain of chemical surface treatment are concentrating on the creation of novel technological solutions to meet customer requirements. For instance, ABB, an automation company based in Switzerland, introduced low voltage flameproof motors for explosive environments in January 2022. The progressive surface treatment on ABB’s flameproof motors make them capable of withstanding even the most severe environmental conditions. These motors are fashioned with a robust frame and incorporated feet for achieving sturdiness and avoiding vibrations when installed in foot-mounted applications.

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Which Market Segments Are Driving Strategic Growth and Trends in the Chemical Surface Treatment Market?

The chemical surface treatment market covered in this report is segmented –

1) By Type: Cleaners, Plating Chemicals, Conversion Coatings, Other Types

2) By Base Material: Metals, Plastics, Other Base Materials

3) By Application: Metals Coloring, Corrosion Inhibitors, Post Treatment, Pretreatments Cleaners, Pretreatment Conditioners, Decorative, Planting, Other Applications

4) By End-User: Building And Construction, Transportation, Aerospace And Defense, Non-Ferrous Metal, Household Appliances

Subsegments:

1) By Cleaners: Aqueous Cleaners, Solvent-Based Cleaners, Specialty Cleaners

2) By Plating Chemicals: Electroplating Chemicals, Electroless Plating Chemicals, Plating Additives

3) By Conversion Coatings: Chromate Conversion Coatings, Phosphate Conversion Coatings, Other Conversion Coatings

4) By Other Types: Surface Modifiers, Passivation Chemicals, Coating Removal Chemicals

What Regions Are Dominating the Chemical Surface Treatment Market Growth?

Asia-Pacific was the largest region in the chemical surface treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical surface treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Key Characteristics That Define the Chemical Surface Treatment Market?

Chemical surface treatment refers to a process applied to the surface of a material to add functions such as rust and wear resistance. The primary objective of surface treatment is to improve corrosion and wear resistance on various types of parts before final assembly and commissioning.

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