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Surface Treatment Chemicals Market Size Worth USD 19.90 Billion by 2027 | CAGR of 6.0%: Emergen Research
VANCOUVER, BC , Oct. 22, 2020 /PRNewswire/ -- The Global Surface Treatment Chemicals Market is forecast to be worth USD 19.90 Billion by 2027, according to a current analysis by Emergen Research. The market is witnessing growth owing to the rising demand for durable and wear-resistant products. These chemicals are used in different fields, such as wood, glass, jewelry, medical, and others. The product is widely used in automotive coatings. As the automotive sector is growing, surface treatment chemicals are also witnessing an increased growth.
Growth in industrialization has also impacted market demand. The heavy machinery requires constant protection, and manufacturers plate them with surface treating chemicals to protect them from rust and other issues.
Surface treatment has several benefits and extension in the life of mold and tools. The chemicals can help reduce the plant downtime, pay for expensive repair and maintenance, and enhance process performance. Factors such as strict regulations regarding high emission rates of volatile organic compounds will limit the growth of the market.
Growth in concerns regarding the effects of chemical surface treatment has led to the shift from chemicals to bio-based (green) products to abide by the regulations brought into the industry. This will impact the market negatively. However, the use of surface treating chemicals in construction for commercial as well as residential infrastructure will provide ample growth opportunities.
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For the purpose of this report, Emergen Research has segmented the Global Surface Treatment Chemicals Market on the basis of chemical type, base material type, industry vertical, and region:
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