In this blog post, we will delve into the latest statistics and trends in the Surface Treatment Chemicals industry. Understanding the data and analytics in this sector is crucial for businesses looking to make informed decisions and stay competitive in the market. Join us as we explore key insights and developments that are shaping the Surface Treatment Chemicals industry landscape.
The Latest Surface Treatment Chemicals Industry Statistics Explained
The global surface treatment chemicals market size was valued at USD 8.0 billion in 2020.
The statistic “The global surface treatment chemicals market size was valued at USD 8.0 billion in 2020” indicates the total monetary value of surface treatment chemicals worldwide for that specific year. This metric is crucial for assessing the scale and economic significance of the industry. The market size represents the total revenue generated by surface treatment chemicals, which are used in various industries such as automotive, electronics, and aerospace, to clean, etch, or coat surfaces for improved performance or aesthetics. Understanding this market size figure helps industry stakeholders, investors, and policymakers gauge the overall health and growth potential of the surface treatment chemicals sector on a global scale.
The industry is expected to reach USD 11.5 billion by 2027.
The statistic “The industry is expected to reach USD 11.5 billion by 2027” indicates a projected financial value for a specific industry within the given timeframe. This forecast suggests that the industry’s total market size is anticipated to grow significantly over the coming years, potentially driven by factors such as technological advancements, market demand, regulatory changes, or other economic influences. This information is valuable for stakeholders involved in the industry as it provides an estimate of the potential economic opportunities and challenges they may encounter in the future, allowing for strategic planning and decision-making to seize growth opportunities and navigate potential risks.
Between 2021 and 2027, it’s predicted to grew at a rate of 5.5%.
The statistic states that between the years 2021 and 2027, a particular quantity or variable is expected to grow at an annual rate of 5.5%. This implies that over the 6-year period from 2021 to 2027, the quantity is projected to increase by 5.5% each year on average. This consistent growth rate indicates a positive trend, suggesting that the quantity is expected to experience steady and gradual expansion over the specified time frame. This prediction serves as a valuable indicator for future planning and decision-making, offering insight into the anticipated trajectory of the variable in question.
From 2021 to 2028, the Surface Treatment Chemicals market is expected to grow at approx. 5.9% according to a new report by Grand View Research.
The statistic indicates that the Surface Treatment Chemicals market is projected to witness a growth rate of approximately 5.9% annually from 2021 to 2028, as per a recent report from Grand View Research. This growth rate suggests a positive trajectory for the market over the specified timeframe, signifying an increasing demand for surface treatment chemicals used in various industries. Factors contributing to this growth could include technological advancements, expanding manufacturing sector, and the need for efficient surface treatment solutions. This statistic offers insights into the expected market trends and can be valuable for businesses, policymakers, and investors to make informed decisions related to the Surface Treatment Chemicals industry.
It’s expected that the growth will partially be driven by rapidly growing automotive sector which is expected to provide numerous growth opportunities.
This statistic suggests that a significant portion of the expected growth will be attributed to the rapidly expanding automotive sector. The statement implies that the automotive industry is anticipated to play a crucial role in driving overall economic growth and creating opportunities for development. With the automotive sector’s expansion, there are likely to be various avenues for growth and investment, potentially leading to increased production, employment, and revenue within the industry and related sectors. As a result, the anticipated growth in the automotive sector is set to positively impact the overall economy and provide a platform for growth in other areas as well.
The paints & coatings industry represents major application of surface treatment chemicals, it accounted for more than 25% of the total revenue in 2020.
The statistic indicates that in 2020, the paints & coatings industry played a significant role in the market for surface treatment chemicals, contributing to more than a quarter of the total revenue generated from such chemicals. This suggests that the paints & coatings sector is a key driver of demand for surface treatment chemicals, highlighting its importance within the industry. The high percentage of revenue attributed to this industry implies a strong reliance on surface treatment chemicals for processes such as surface preparation, corrosion protection, and aesthetic finishing. It also underscores the economic significance and market influence of the paints & coatings industry in driving the overall demand and growth of the surface treatment chemicals market.
In the North American market, the total revenue in 2020 was USD 1.9 billion.
The statistic states that the total revenue generated in the North American market in the year 2020 amounted to USD 1.9 billion. This figure represents the cumulative earnings from sales, services, and any other sources of income within the North American market during that specific year. It is a key indicator of the overall economic activity and performance of businesses within the region, reflecting the purchasing power and consumer behavior in North America. This statistic is crucial for assessing the financial health and growth potential of industries operating in the North American market, helping businesses make informed decisions and strategic plans for the future based on the revenue generated in 2020.
The Asia-Pacific region’s demand will outpace that of other regions, reaching at 5.7% CAGR by 2027.
This statistic indicates that the Asia-Pacific region is projected to experience faster growth in demand compared to other regions, with a compound annual growth rate (CAGR) of 5.7% expected by 2027. This suggests that the demand for goods and services in the Asia-Pacific region will increase at a relatively rapid pace over the specified time period, potentially outpacing the growth rates seen in other global regions. Factors such as population growth, rising incomes, urbanization, and technological advancements may be driving this increased demand in the Asia-Pacific region, presenting both opportunities and challenges for businesses operating in the area. The forecasted growth rate serves as a valuable indicator for businesses and policymakers to understand and prepare for the evolving market dynamics in the Asia-Pacific region.
The metal sector’s growth in Asian developing economies, particularly China and India, is expected to boost the surface treatment chemicals market.
The statistic highlights the anticipated positive impact on the surface treatment chemicals market due to the growth of the metal sector in Asian developing economies, with a specific focus on China and India. As these economies experience growth and expansion in their metal industries, there is an increasing demand for surface treatment chemicals to enhance the properties and performance of metal surfaces. This growth trend indicates opportunities for businesses in the surface treatment chemicals industry to tap into these emerging markets and capitalize on the increasing need for their products. It also suggests potential economic benefits and market expansion for both domestic and international players operating in the surface treatment chemicals sector within these developing Asian economies.
The use of anodizing chemicals reached more than 25% share of total volume in 2020.
The statistic indicates that the consumption or use of anodizing chemicals constituted over a quarter, specifically more than 25%, of the total volume in 2020. This suggests that anodizing chemicals were a significant component in terms of volume within the overall chemical market during that year. Anodizing is a process that enhances the durability and corrosion resistance of metals by creating an oxide layer on their surface, commonly used in industries such as aerospace, automotive, and construction. The high share of anodizing chemicals may reflect an increased demand for anodized products, indicating potential growth or stability in the industries that heavily rely on anodizing processes for their materials.
The Surface Treatment Chemicals industry is dominated by key companies like BASF SE, Evonik Industries AG, Henkel AG & Co. KGaA, and Kao Chemicals.
The statistic suggests that within the Surface Treatment Chemicals industry, a few key companies, namely BASF SE, Evonik Industries AG, Henkel AG & Co. KGaA, and Kao Chemicals, hold significant market share and influence. These companies are likely major players in terms of revenue, innovation, and market presence within the industry. Their dominance may indicate strong brand recognition, established customer relationships, extensive product portfolios, or superior technological capabilities, positioning them as key competitors in the global Surface Treatment Chemicals market. This concentration of power among these key players may shape industry dynamics, competition, and strategic decision-making within the sector.
In terms of product segment, cleanings agents are expected to witness the fastest growth with a CAGR of 6.2% from 2021 to 2028.
This statistic indicates that among different product segments, cleaning agents are projected to experience the most rapid growth over the period from 2021 to 2028, with a compound annual growth rate (CAGR) of 6.2%. This growth rate suggests that the demand for cleaning agents is expected to increase steadily over the years, driven by factors such as changing consumer preferences towards cleanliness and hygiene, advancements in cleaning technology, and increased awareness about maintaining a clean and healthy environment. The higher CAGR for cleaning agents compared to other product segments implies that this category is poised for significant expansion and may present attractive opportunities for businesses operating in the cleaning products industry.
As of 2020, Europe’s market is worth around $2.0 billion in the surface treatment chemicals industry.
The statistic stating that as of 2020, Europe’s market is worth around $2.0 billion in the surface treatment chemicals industry indicates the total value of the market in Europe for chemicals used in treating surfaces of various materials such as metals, plastics, and composites. This figure reflects the monetary value of the products and services within this industry in Europe as of 2020. The size of the market suggests a significant demand for surface treatment chemicals in various sectors such as automotive, aerospace, electronics, and construction, and signifies the importance of these chemicals in enhancing the performance, durability, and aesthetics of manufactured goods in the region. This statistic is important for stakeholders in the industry, policymakers, and analysts to understand the market dynamics, trends, and potential growth opportunities within the surface treatment chemicals sector in Europe.
In the forecast period, the construction end-use segment is expected to observe the fastest growth from 2021 to 2028.
The statement “In the forecast period, the construction end-use segment is expected to observe the fastest growth from 2021 to 2028” suggests that within the specified timeframe, the construction sector is projected to experience the most rapid rate of expansion compared to other end-use segments. This can indicate an anticipated increase in construction activities such as building new infrastructure, residential housing, and commercial projects. Factors driving this growth may include increased investments in construction projects, favorable economic conditions, government policies or incentives supporting infrastructure development, and rising demand for construction services. Monitoring this trend can provide valuable insights for stakeholders in the construction industry, such as companies, investors, and policymakers, to make informed decisions and strategies to capitalize on potential opportunities within the sector during the forecast period.
Plastics application segment is projected to register a CAGR of 6.4% from 2021 to 2028
This statistic indicates that the plastics application segment is expected to experience a Compound Annual Growth Rate (CAGR) of 6.4% from the year 2021 to 2028. A CAGR is a measure used to understand the mean annual growth rate of an investment over a specified period of time with the assumption that the investment has been compounding over that time period. In this context, the projection suggests that the plastics industry, specifically in terms of its various applications, is anticipated to expand at a steady rate of 6.4% annually between 2021 and 2028. This growth rate signifies a positive outlook for the plastics industry during the forecasted period, indicating potential opportunities for businesses operating within this sector.
In 2020, automobiles application accounted for over 35% of the global revenue share in the Surface Treatment Chemicals market.
In 2020, the automobiles application segment contributed significantly to the global revenue share in the Surface Treatment Chemicals market by holding a share of over 35%. This statistic indicates that the automotive industry was a significant consumer of Surface Treatment Chemicals, which are used to enhance the surface properties of metals and other materials for various purposes such as protection against corrosion, improving paint adhesion, and increasing durability. The high revenue share from the automobiles application highlights the importance of Surface Treatment Chemicals in the manufacturing and maintenance processes within the automotive sector, demonstrating its strong demand and widespread usage in this particular industry.
Surface treatment chemicals market in Germany was worth over 565 million USD in 2020.
The statistic “Surface treatment chemicals market in Germany was worth over 565 million USD in 2020” indicates the total estimated value of surface treatment chemicals, including products such as cleaners, coatings, and finishes, sold in Germany during the year 2020. This market value represents the amount of money spent by consumers and businesses on surface treatment chemicals for various applications such as metal finishing, automotive coatings, and industrial processes. The figure highlights the size and importance of the surface treatment chemical industry in Germany and suggests a demand for these products in the market, likely driven by factors such as industrial activities, technological advancements, and environmental regulations.
Corrosion protection chemicals accounted for majority market share and is expected to grow at a CAGR of 5.1% between 2021 to 2028.
The statistic mentioned indicates that corrosion protection chemicals currently dominate the market share within the industry and are projected to continue leading with a Compound Annual Growth Rate (CAGR) of 5.1% between the years 2021 to 2028. This suggests that the demand for corrosion protection chemicals is strong and is anticipated to further increase over the specified time period. The growth rate of 5.1% implies a steady and consistent expansion in the market for these chemicals, driven by factors such as increasing industrialization, infrastructure development, and the need to protect assets from corrosion. This statistic highlights the significance of corrosion protection chemicals in the market and signifies a positive outlook for their continued growth and relevance in the industry.
The aviation industry’s growth will significantly propel the consumption of surface treatment chemicals, with a CAGR exceeding 6% over the course of forecast period.
This statistic suggests that the aviation industry’s expansion will have a considerable impact on the demand for surface treatment chemicals, leading to a projected Compound Annual Growth Rate (CAGR) of over 6% throughout the forecast period. This indicates a strong and steady increase in the consumption of these chemicals within the aviation sector, driven by factors such as the need for corrosion protection, improved durability, and enhanced aesthetic appeal of aircraft components. The growth in the aviation industry is expected to fuel the market for surface treatment chemicals, highlighting the interdependency between these two sectors and forecasting a positive outlook for the chemical industry serving aviation manufacturing.
By 2028, the U.S. surface treatment chemicals market is likely to reach over USD 2 billion.
The statistic highlights the projected growth of the U.S. surface treatment chemicals market, indicating that by the year 2028, it is expected to exceed USD 2 billion in value. This forecast suggests a significant expansion in the market size and demand for these chemicals in various industries such as automotive, electronics, aerospace, and construction. Factors driving this anticipated growth could include technological advancements, increasing regulatory requirements, and the rising need for high-performance surface treatment solutions. Such a notable market value projection underscores the potential opportunities for businesses operating in the surface treatment chemicals sector, as they may benefit from the growing market demand and potential profitability in the coming years.
Conclusion
The statistics presented in the Surface Treatment Chemicals Industry show a clear picture of the market trends, growth opportunities, and key players in the industry. By analyzing these data, businesses can make informed decisions to stay competitive and adapt to the changing landscape of the market. It is evident that the Surface Treatment Chemicals Industry is poised for further growth and innovation in the coming years.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.gminsights.com
