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.
In this market, cleaners, conversion coatings,
plating chemicals, and other chemicals are used as metal surface treatment chemicals
in various application. 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.
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.
Emerging
trends, which have a direct impact on the dynamics of the 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. are among the major suppliers of metal surface
treatment chemicals.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global metal surface treatment chemicals market by application, chemical type,
product form, and region. Lucintel has prepared a comprehensive research report
entitled “Growth
Opportunities in the Global Metal Surface Treatment Chemicals Market 2018-2024:
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]:
- Automotive
- Electrical
and Electronics
- Construction
- Packaging
- Aerospace
- Others
By Chemical Type [Volume (M lbs) and $M
shipment analysis for 2013 – 2024]:
- Cleaners
- Conversion Coatings
- Plating Chemicals
- Other Chemicals
By Product
Form [$M shipment analysis for 2018]:
- Liquid
- Solid
By Region [Volume (M lbs) and $M shipment
analysis for 2013 – 2024]:
· North
America
−
US
−
Canada
−
Mexico
· Europe
−
Germany
−
The United Kingdom
−
France
−
Russia
· Asia
Pacific
−
China
−
Japan
−
India
−
South Korea
· The
Rest of the World
−
Brazil
−
Turkey
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 helpdesk@lucintel.com. Lucintel offerings include chemical market
research reports, chemical industry
analysis report, commercial due diligence report, business strategy
consulting and market research
reports online.
About
Lucintel
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
potential, 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 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 the reasons behind them?
Q.7 What are the 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 material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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