The Surface Treatment Market is segmented by End-Use Industry Type (Automotive, Aerospace, Metal Processing, Aluminum Finishing, General Industry, and Others), Chemical Type (Cleaners, Conversion Coatings, Paint Strippers, Activation & Passivation Agents, and Others), Substrate Type (Metal Substrates, Plastic Substrates, and Other Substrates), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
Surface Treatment is a process of enhancing the properties including hardness, wear- and corrosion resistance, etc. of various surfaces. High quality and excellent durability can be achieved through efficient surface treatment processes. It is also a proven method for eliminating sludge generation in metals and maintaining excellent corrosion protection. The process usually involves cleaning, activation, phosphating, and passivation.
The impact of the COVID-19 pandemic on the demand for surface treatments is different in different end-use industries. On one side, automotive and aerospace, the two major markets, registered a colossal downfall in the demand for surface treatments amid the pandemic. Another side, metal processing, and aluminum finishing, the other two major markets, witnessed a mild impact of the pandemic. Overall, the global surface treatment market experienced a low double-digit decline in 2020, reaching a value of US$ 3.8 billion. An expected bounce-back is expected from 2021 onwards with sequential growth in the succeeding years, pushing the market to cross an unprecedented level of US$ 5.0 billion in 2026.
Regional Analysis
North America is expected to remain the largest market for surface treatments during the forecast period in terms of regions. The USA is the vanguard of the region’s market. On the other hand, Asia-Pacific is rich with lucrative growth opportunities over the forecast period as China and India are the key emerging countries and are consequentially gaining traction. Different regions are dominant in different market segments. For instance, the aluminum cans market segment is dominated by the North America region, whereas the Automotive market segment is dominated by Asia-Pacific region.
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