According to a new market report published by Lucintel, the future of the metal surface treatment chemicals market looks promising with opportunities in the automotive, electrical and electronics, construction, packaging, and aerospace markets. The global metal surface treatment chemicals market is expected to reach an estimated $5,211.3 million by 2024 with a CAGR of 3.9% from 2018 to 2024. The major growth drivers for this market are growing automotive production and increasing residential and commercial infrastructure.
Browse 53 market data tables and 108 figures spread through 210 pages and in-depth TOC on “Global Metal Surface Treatment Chemical Market”
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In this market, different types of metal surface treatment chemicals such as cleaners, conversion coatings, plating chemicals and other chemicals are used as chemical type. On the basis of comprehensive research, Lucintel forecasts that conversion coatings will remain the largest chemical type and it is expected to witness the highest growth over the forecast period due to its improved corrosion resistance, wear resistance, adhesion, aesthetic appearance, and lubricative properties.
Within the metal surface treatment chemicals market, automotive will remain the largest application driven by increasing automotive production and need for corrosion protection chemicals. Lucintel predicts that the construction application is expected to witness the highest growth over the forecast period supported by growth in the residential and commercial infrastructure.
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Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growth of construction sector and rapid industrialization in developing countries.
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Emerging trends, which have a direct impact on the dynamics of the metal surface treatment chemicals industry, include replacement of phosphate conversion coatings with zirconium-based conversion coatings, and multiplex surface treatment. PPG Industries, Inc., Henkel AG & Company, KGaA, Platform Specialty Products Corporation, Quaker Chemical Corporation, Nippon Paint Holdings Co., Ltd. And others are among the major metal surface treatment chemicals manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global metal surface treatment chemicals market by application, chemical type, product form, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Metal Surface Treatment Chemical Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global metal surface treatment chemicals market by application, chemical type, product form, and region as follows:
By Application [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
- Electrical and Electronics
By Chemical Type [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
- Conversion Coatings
- Plating Chemicals
- Other Chemicals
By Product Form [$M shipment analysis for 2018]:
By Region [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
- North America
- The United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
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This 210-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/metal-surface-treatment-chemical-market.aspx or [email protected].
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global metal surface treatment chemicals market by application (automotive, electrical and electronics, construction, packaging, aerospace, and others), chemical type (cleaners, conversion coatings, plating chemicals, and other chemicals), product form (liquid and solid), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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