Market Size of Europe 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 | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Surface Treatment Chemicals Market Analysis
The European surface treatment chemicals market is expected to register a CAGR of over 5% during the forecast period.
Surface treatment chemicals were used during the COVID-19 pandemic (and post-pandemic) in medical, pharmaceutical, and other consumer products to control the spread of the virus.
- Over the short term, the demand from the automotive, aircraft, construction, and electronics industries is propelling the market growth during the forecast period.
- However, government regulations on chemicals and the push for sustainable bio bioproducts are likely to hinder the market growth.
- Nevertheless, opportunities for the market over the forecast period are expected to come from future market expansion in the aerospace sector and interplanetary and space exploration missions.
- In terms of revenue, Germany is expected to dominate the European market during the forecast period.