Industrialization, heavy machinery demand create opportunities

Industrialization, heavy machinery demand to create opportunities

4:57 AM, 7th August 2018
Industrialization, heavy machinery demand to create opportunities
Surface finish aids in controlling friction and transferring layer formation during sliding. © Thai Parkerizing Co., Ltd

Surface finish aka surface texture is a significant property for machines, component structures and materials, which are exposed to harsh operation conditions and environment. Surface finish aids in controlling friction and transferring layer formation during sliding. Subject to extreme temperatures, corrosive environment, or abrasive conditions, the surface of the material may get critically damaged.

The application of surface treatment chemical increases hardness wear resistance and improves adhesion of other chemical treatments such as photosensitive and other coating. Surface treatment is majorly utilized for treatment of metals and alloys, however not only limited to metal, but surface treatment are also utilized for treatment of printed circuit boards, which are composed of plastic and metal.

Metal profiles prefer surface treatments such as electroplating, which engages in the formation of metallic coating on surfaces and anodic oxidation for light metals such as titanium and aluminium. Additives and sealants are also used to ensure efficient application of other chemicals.

Market Drivers & Restraints

With an extensive application of surface treatment chemicals in automotive coating, the thriving global automobile and component production is expected to create sustainable demand for the surface treatment chemical market, especially etchants and electrolytic coloring chemicals. Expanding industrialization and escalating heavy machinery demand in emerging market will create thriving opportunities for domestic and global manufacturers during the forecast period. Among metal application, the expanding residential and commercial infrastructure is propelling demand for anodized aluminium, which in turn creates strong demand for anodizing chemicals such as degreaser, additives and etchants.

However, stringent environmental regulations regarding emissions restrain the volume sales of some surface treatment chemicals in certain regional markets.

Market Segmentation

On the basis of product type:

Anodising chemicals

Alkaline Degreaser

Etchants and additives

Electrolytic coloring and brightening

Others

Cleaners

Paint Strippers

Passivation

Additives and Sealants

Corrosion Protection

Others (primers, coatings, etc.)

By application:

Electronics and Electrical

Automotive and Components

Industrial machinery

Aerospace and other transportation

Construction and infrastructure

Others

Regional Outlook

Among surface treatment chemicals market regions, Asia and North America market together contribute the majority of the revenue contribution during the forecast period. However, spearheaded by India, China and ASEAN, Asia Pacific is expected to witness relatively high growth in terms of value and volume, owing to increasing demands for surface treatment chemicals in automotive, industrial manufacturing and electronics application.

Russia surface treatment chemicals market is expected to project a relatively strong growth and thereby driving the revenue sales of the Eastern Europe surface treatment chemicals market.

In Latin America surface treatment chemicals market, the demand is expected to be driven by proliferating demand for corrosion protective chemicals.

Brazil and Mexico are expected to register relatively high volume sales in the region with demand opportunities originating from construction and infrastructure application segment. Western Europe surface treatment chemicals market is expected to witness relatively mature volume sales owing to recuperating condition of the industrial machinery industry, however, the demand is expected to resurge during the second half of the forecast period.

The emerging industrial machinery and construction sector growth is expected to create a sustainable demand for anodising, paint strippers and corrosion protection chemicals in GCC and North Africa surface treatment chemicals market.

Source: Global Information Inc

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