Dublin, May 09, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Surface Treatment Chemicals Market - Analysis and Forecast, 2017-2023 (Focus on Chemical Type, Base Material, Application Vertical and Region)" report to their offering.
The global surface treatment chemicals market was worth $4,800.0million in 2016, and is estimated to grow at a CAGR of 7.8 % over the period of 2017-2023, hitting $8,097.7million by 2023.
The wide range of applications of these materials across automotive, general industry, coil industry, industrial machinery, metalworking industry and aerospace industry is likely to drive the market growth over the forecast period. Europe accounted for the largest market share of 32.2% in 2016. However, this trend is expected to change in the forecast period, with Asia-Pacific acquiring the largest market share by the end of 2023, owing to the increasing industrialization and rapid involvement of several countries in APAC into manufacturing surface treatment chemicals.
Surface treatment is the process in which the adhered surface of any base material like metal, plastic etc. is cleaned and/or chemically treated to promote better adhesion and enhance properties like improved appearance, wettability, solderability, corrosion resistance, tarnish resistance, chemical resistance, wear resistance, hardness and surface friction. Surface treatment is done to prevent or delay corrosion, make the material more durable and tough to bear extreme wear and tear and increase the surface energy level of a particular metal surface so that it can easily adhere to the printing or coating taking place. Surface treatment of metal plays an enormous role in extending the life of metals, such as in automotive bodies and construction materials, which makes the components durable to use for a longer period of time.
The report is a compilation of different segments of global surface treatment chemicals market including market breakdown by base material, chemical type, application and geographical location. It also includes sections on competitive insights and market dynamics. Herein the revenue generated from surface treatment chemicals is tracked to calculate the market size.
While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of the application areas of the surface treatment chemicals market. It also details the key participants involved in the industry.
The report has put special emphasis on the market share and size of automotive industry and general industry, owing to their large scale share in the current and upcoming market of surface treatment chemicals. The industry analysis has also been done to examine the impact of various factors and understand the overall attractiveness of the industry.
Market Dynamics
Drivers
- Growing Demand from Various End Use Industries
- Increasing Industrialization in APAC Region
- Market Switch to Eco-friendly and Stable Chemicals
Restraints
- Stringent Environmental Regulations
- Recent Economic Slowdown in China
Opportunities
- Opportunities in Emerging Applications and End Use Industries
- Opportunities in Emerging Economies
- Rapid Growth of High Tech Products
Key Topics Covered:
Executive Summary
1 Research Scope and Methodology
2 Market Dynamics
3 Competitive Insights
4 Industry Analysis
5 Global Surface Treatment Chemicals Market, by Chemical Type
6 Global Surface Treatment Chemicals Market, by Base Material
7 Global Surface Treatment Chemicals Market, by Application
8 Global Surface Treatment Chemicals Market, by Geography
9 Company Profiles
- AHC Oberflächentechnik GmbH and TIB Chemicals
- Chemetall
- Derivados Del Fluor
- Henkel AG
- JCU Corporation
- McGean Specialty Chemicals
- Nihon Parkerizing
- Nippon Paint Holdings
- Oerlikon Group
- PPG
- PlatformSpecialty Products Corp
- PoliteknikMetal
- Quaker Chemical Corporation
- Solvay
- Sugest
- Yuken Industry
For more information about this report visit http://www.researchandmarkets.com/research/xv6nl4/global_surface