AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
LONDON, GREATER LONDON, UNITED KINGDOM, December 20, 2024 /EINPresswire.com/ -- The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!
The chemical surface treatment market size has shown a robust growth trajectory in recent years, rising from $14.67 billion in 2023 to $15.85 billion in 2024 at a compound annual growth rate CAGR of 8.1%. This growth during the historic period can be credited to manufacturing expansion, corrosion prevention measures, metal finishing needs, and widespread applications across electronics, semiconductors, aerospace, and defense sectors.
What Will Be The Market Size Of The Chemical Surface Treatment Sector In The Next Few Years?
The chemical surface treatment market size is projected to see marked growth in the coming years, rising to $21.68 billion in 2028 thanks to a CAGR of 8.1%. Key factors propelling the growth during the forecast period include the adoption of smart coatings, increasing healthcare infrastructure, high-performance plastic usage, growing demand for functional coatings, and advancements in pre-treatment processes.
View the Detailed Market Synopsis:
Sample Link: https://www.thebusinessresearchcompany.com/sample.aspx?id=7754&type=smp
Key Trends And Findings: What Factors Are Driving The Chemical Surface Treatment Market?
The upsurge in the global automotive industry is predicted to fuel the chemical surface treatment market. Changes in economic status and rising living standards have significantly enhanced consumer purchasing power. The COVID-19 pandemic, with its economic impact and evolution of social distancing norms, has propelled a sudden global demand for personal mobility, leading to an increased production of EV and hybrid vehicles. Accordingly, this has triggered a need for chemical surface treatments to protect materials from corrosion and improve their in-use properties. Supporting this, a report published by the European Automobile Manufacturers Association in April 2022 revealed a 1.3% increase in global motor vehicle production in 2021, with 79.1 million units produced.
Where Does The Market Stand Today? What Companies Are Shaping The Sector?
Companies leading the chemical surface treatment market include Samsung Electronics Co. Ltd., BASF SE, Hitachi Ltd., Robert Bosch GmbH, Siemens Aktiengesellschaft, United Technologies Corporation, Panasonic Corporation, LG Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., 3M, ABB Ltd, Toshiba Corporation, Fujitsu Ltd., NEC Corporation, Henkel AG & Co. KGaA, Eaton Corporation PLC, Covestro AG, PPG Industries Inc., Solvay S.A., Emerson Electric Company, AkzoNobel N.V., Nippon Paint Co. Ltd., Rockwell Automation Inc., Platform Specialty Products Corporation, NOF Corporation, Atotech Deutschland GmbH, Nihon Parkerizing Co. Ltd., Chemetall GmbH, Hyundai Motor Group, and SK Group.
What Emerging Trends Are Impacting The Chemical Surface Treatment Market?
Technological advancements are steadily becoming a significant trend in the chemical surface treatment market. Advanced surface coatings designed to be wear-resistant, reduce friction, and protect against harmful agents are improving line efficiencies. Companies are investing in innovative solutions to meet customer demand. For instance, ABB, a Swiss automation corporation, unveiled low voltage, flameproof motors in January 2022. Thanks to an advanced surface treatment, these motors can withstand the harshest conditions, offering rigidity and vibration-free operation.
Get The Full Report For In-Depth Insights:
Report Link: https://www.thebusinessresearchcompany.com/report/chemical-surface-treatment-global-market-report
How Is The Chemical Surface Treatment Market Segmented?
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
What Are The Regional Insights Into The Chemical Surface Treatment Market?
Asia-Pacific held the largest market share in the chemical surface treatment sector in 2023 and is predicted to be the fastest-growing region in the forecast period. The regions encompassed in the chemical surface treatment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Browse more similar reports-
Chemical Sensors Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/chemical-sensors-global-market-report
Chemicals Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/chemicals-global-market-report
Chemical Tankers Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/chemical-tankers-global-market-report
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports across 27 industries, covering more than 60 geographies. These reports draw from 1.5 million datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
