Chemical Surface Treatment Market Trends, Emerg...

Titile

The chemical surface treatments market is projected to grow from USD 11.18 billion in 2017 to USD 14.74 billion by 2022, at a CAGR of 5.7% from 2017 to 2022. Companies such as Platform Specialty Products Corporation (US), NOF Corporation (Japan), Atotech Deutschland GmbH (Germany), Henkel AG & Co. KGaA (Germany), Chemetall, Inc. (Germany), Nihon Parkerizing Co., Ltd. (Japan), and PPG Industries, Inc. (US) have adopted both, organic as well as inorganic strategies such as new product & technology launches, joint ventures & acquisitions, investments & expansions, and agreements to serve their customers efficiently and increase their market shares in the chemical surface treatment market. 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 Asia Pacific region is projected to lead the chemical surface treatments market during the forecast period. Moreover, the Asia Pacific chemical surface treatments market is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific chemical surface treatments market can be attributed to growing demand for chemical surface treatments from various end-use industries such as transportation, electrical & electronics, construction, and industrial machinery of China and India. Moreover, increasing investments by manufacturers of chemical surface treatments in the surface treatment and plating sector of the Asia Pacific region is also fueling the growth of the chemical surface treatments market in the region.

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