The Chemical Surface Treatments Market is Projected to Reach USD 14.74 Billion By 2022


Posted June 26, 2018 by abhijeetw1

The chemical surface treatments market is projected to reach USD 14.74 Billion by 2022, at a CAGR of 5.7% from 2017 to 2022.

 
The chemical surface treatments market was valued at USD 10.62 Billion in 2016 and is projected to reach USD 14.74 Billion by 2022, at a CAGR of 5.7% during the forecast period from 2017 to 2022. In this study, 2016 has been considered as the base year while the forecast period that has been considered is from 2017 to 2022.

The main objective of this study is to define, describe, and forecast the chemical surface treatments market based on type, base material, end-use industry, and region. In this report, the chemical surface treatments market has been studied in North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The report includes detailed information about major factors such as drivers, opportunities, and industry-specific challenges influencing the growth of the chemical surface treatments market. The report strategically analyzes market segments with respect to individual growth trends, future growth prospects, and contribution to the overall chemical surface treatments market.

In this report, the size of the chemical surface treatments market and its different segments has been derived from various research methodologies. In the secondary research process, different sources have been referred to identify and collect information for this study on the chemical surface treatments market. These secondary sources include annual reports, press releases, and investor presentations of companies; associations such as the National Association for Surface Finishing (NASF), the European Committee for Surface Treatment (CETS), and the Road Surface Treatments Association (RSTA); and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both, supply- and demand-side have been interviewed to obtain qualitative and quantitative information regarding the chemical surface treatments market. Both, bottom-up and top-down approaches have been used to estimate the market size, in terms of value.

https://www.marketsandmarkets.com/Market-Reports/chemical-surface-treatment-market-64906980.html

The plastics base material segment is projected to lead the chemical surface treatments market during the forecast period.

The plastics base material segment is projected to lead the chemical surface treatments market between 2017 and 2022. Plastics are replacing metals in various industries such as transportation and general industry, owing to various advantages offered by them that include lower costs, lower maintenance requirements, simplified designs, lightweight, and better chemical resistance over metals. Due to these properties, several end-use industries consider plastics more sustainable option than metals.

The transportation end-use industry segment led the chemical surface treatments market in 2016.

chemical surface treatments are used in various end-use industries such as transportation, general industry, industrial machinery, construction, packaging, and others. The transportation end-use industry led the chemical surface treatments market in 2016. The growth of this segment of the market can be attributed to the increased use of these chemicals in surface treatments of shock absorbers, heat sinks, gears, cylinders, and capacitors.

The Asia Pacific region is the largest market for chemical surface treatments across the globe. The growth of the Asia Pacific chemical surface treatments market can be attributed to the large industrial base in the region and increased demand for automobiles. In addition, several initiatives undertaken by governments of different countries of the Asia Pacific region to attract investments from various international companies are also expected to propel the growth of the Asia Pacific chemical surface treatments market during the forecast period.

The stakeholders in the chemical surface treatments market are:

Manufacturers of Chemical surface treatments
Traders, Distributors, and Suppliers of Chemical surface treatments
Raw Material Suppliers
Governments and Research Organizations
Associations and Industrial Bodies
R&D Institutions
Environment Support Agencies
Chemical surface treatments Market, by Type:

Cleaners
Plating Chemicals
Conversion Coatings
Others (Proprietary Additives, Inhibitors, Paint Strippers, Detackifiers, and Conditioners)
Chemical surface treatments Market, by End-use Industry:

Transportation
Construction
General Industry
Industrial Machinery
Packaging
Others (Electrical & Electronics and Medical Devices)

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Issued By MarketsandMarkets
Country United States
Categories Business , Industry , Manufacturing
Tags chemical surface treatment , chemical surface treatment market
Last Updated June 26, 2018