Market Size of Asia-Pacific Surface Treatment Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Surface Treatment Chemicals Market Analysis
The Asian-Pacific surface treatment chemicals market is projected to register a CAGR of over 5% during the forecast period.
The COVID-19 pandemic positively impacted the surface treatment chemicals market in Asia-Pacific. During Covid-19, the demand for surface treatment chemicals increased because of their additional property to destroy the coronavirus. For example, ALANOD GmbH's MIRO UV-C product effectively destroyed the COVID-19 virus and is utilized as a material for reflectors in sanitizing equipment.
- In the short term, the growing adoption of surface treatment chemicals from the automotive and transport industry is benefiting the market demand.
- Rapid industrialization is another blooming opportunity for the surface treatment chemicals market.
- Strict government regulations on higher emission rates of volatile organic compounds (VOCs) remain a constraint to the market's growth.
- China is expected to dominate the surface treatment chemicals market in Asia-Pacific and is also likely to witness the highest CAGR during the forecast period.
