Metal Processing Surface Treatment Market Analysis | 2021-2026

Market Highlights

The metal processing surface treatment market is projected to grow at a CAGR of 3.7% during the forecast period from 2021 to 2026, reaching nearly a billion-dollar mark by the end of 2026.

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Market Dynamics

Introduction

The metal processing industry is one of the major markets for surface treatments, occupying more than a 20% share of the total market. The surface of various metals can be treated to deliver the protective, aesthetic, and desired finished surfaces. Across the world, various iron, steel, and aluminum mills have been working for the development of advanced solutions for various end markets in which surface treatment plays a vital role. In recent times, there have been notable advancements in coating, pre-treatment, or surface protection technologies to enhance performance, ease of processing, and reduce cost.

Impact of Covid-19

Unlike other industries such as aerospace and automotive, the metal processing industry has relatively been untouched by the impact of the COVID-19 pandemic. Can and coil, the major applications of surface treatment chemicals, witnessed a mild impact of the pandemic, a key factor behind a relatively low impact of the pandemic on the demand for surface treatment compared with the other major markets for surface treatment like aerospace and automotive. Overall, in 2020, the metal processing surface treatment market experienced a low-end single-digit decline and is likely to witness decent growth in the coming years.

Segment Analysis

By Application Type

"Coil application holds a strong dominance in the market during the forecast period"

Stratview Research has first segmented the metal processing surface treatment market based on the application type as can, coil, metal forming, and others. Coil application holds a strong dominance in the market and is likely to retain its share in the years to come. The application type is also likely to witness the highest growth rate over the next five years. Metal forming also holds a reasonable share of the market and is likely to retain its position soon as well.

By Chemical Type

"Cleaner holds a gigantic share of the market during the forecast period"

Based on the chemical type, the metal processing surface treatment market is segmented as cleaners, conversion coatings, paint strippers, activation & passivation agents, and others. Among all chemical types, cleaner holds a gigantic share of the market. Stringent health, safety, and environmental standards are positively impacting the demand for all surface treatment chemicals including cleaners. Another noticeable trend in the market is the increase in the traction of organic and sustainable solutions.

Regional Analysis

"North America is likely to retain its high dominance in the market during the forecast period"

In terms of regions, North America is likely to retain its high dominance in the market in the foreseeable future. In some key application areas, the dominance level of Western economies, such as the USA and Western European countries, is even higher. For instance, the USA by far has a gigantic share in the canning industry. Asia-Pacific is likely to witness the highest growth during the forecast period. Most of the growth is attributed to emerging economies such as China and India.

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Key Players

The supply chain of this market comprises raw material suppliers, surface treatment manufacturers, distributors, tier players, and OEMs.

The key metal processing surface treatment manufacturers are-

• AD International B.V.
• BASF SE
• Cabot Corporation
• Henkel Ag & Co.
• Nihon Parkerizing Co. Ltd.
• Nippon Paint Co., Ltd
• NOF Corporation
• PPG Industries
• Quaker Chemical Corporation.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s metal processing surface treatment market  realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market
• The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market

The metal processing surface treatment market is segmented into the following categories

By Application Type 

• Can
• Coil
• Metal Forming
• Others

By Chemical Type 

• Cleaners
• Conversion Coatings
• Paint Strippers
• Activation & Passivation Agents
• Lubricants
• Others

By Substrate Type 

• Steel Substrate
• Iron Substrate
• Other Substrates

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, and regional presence.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].