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Global surface treatment chemicals market is expected to gain remarkable traction over 2021-2027. This is a result of the growing production of surface protection treatment formulations to improve lubrication, optimize cleaning and glass etching, and enhance odor control. In addition, the rising deployment of different types of surface treatment processes in industries like aerospace to safeguard against corrosion and damages caused by environmental influences will amplify industry growth. Surface treatment refers to the process of forming an artificial layer on the base material surface, that is distinct from its physical, mechanical, and chemical properties. The purpose of surface treatment methods, including chemical treatment, is to meet the requirements of wear resistance, decoration, corrosion resistance, and other specific functions of products.
The introduction of novel technologies to reduce the environmental impact of conventional automobile surface treatment processes is one of the key trends stimulating the surface treatment chemicals market share. Various paint manufacturers have been introducing eco-friendly pre-coating chemical conversion treatment agents for auto bodies over the past years, which could help reduce generation of industrial wastes and hazardous substances. Additionally, an increase in residential construction and the high spending on home improvement projects will further drive the need for surface treatment in construction to allow the concrete surfaces to achieve the desired durability.
Based on end-user, the surface treatment chemicals industry from the packaging segment will amass considerable gains by 2027. This is considering the deployment of surface technologies to boost the durability and efficiency of the packaging machines for smooth operations. Furthermore, the changing consumer habits and the robust demand for home delivery of food and consumer goods, particularly during the COVID-19 pandemic, will further proliferate the adoption of the surface treatment process across the packaging industry.
From a regional perspective, the North America surface treatment chemicals market is projected to register significant revenue by 2027. This is due to the mounting sales of electronics in countries including the U.S., as electrical and electronics is one of the prominent end-use industries for surface treatment chemicals. In addition, the steady recovery of the construction industry from the coronavirus crisis will also act as a major factor impelling regional market expansion over the foreseeable future.
Key players in the global surface treatment chemicals industry include Atotech Deutschland, Platform Specialty Products Corporation, PPG Industries, Nippon Paint Co. Ltd., NOF Corporation, BASF SE, Henkel, and Solvay SA, among others. These market participants are focusing on strategies like new product launches, collaborations, and acquisitions, among others to expand their business and product portfolio across the global market. For instance, in October 2021, BASF signed an agreement with Entegris for the sale of its Precision Microchemicals business for US$90 million. Following the sale, Precision Microchemicals, which is part of the Surface Treatment business under BASF’s Chemetall brand, will be integrated with Entegris’ SCEM (Specialty Chemicals and Engineered Materials) division.
The novel coronavirus pandemic has created havoc across industry verticals, including the transportation sector. The implementation of government lockdown and heightened fears of contracting the virus have resulted in reduced passenger transport demand. According to the International Energy Agency’s data, the global road transport activity declined by over 50% below the 2019 average by March 2020 end. These factors have posed challenges to the growth of the surface treatment chemicals industry, given the use of these chemicals in the treatment of shock absorbers and other vehicles’ equipment.
However, growing awareness regarding the ability of specially coated surfaces to curb COVID-19 transmission may contribute to surface treatment chemicals industry recovery over the foreseeable future. For instance, under test methods approved by the U.S. EPA (Environmental Protection Agency), paint and coatings containing Corning Incorporated’s breakthrough Corning Guardiant glass-ceramic technology were found to be capable of killing 99.9% of SARS-CoV-2 in less than 2 hours. This awareness may give rise to the demand for chemical pre-treatment processes for surface painting and in turn, boost the overall industry demand in the near future.