Report Forecasts China’s Market for Metal-Treatment Chemicals to Reach $2.6 Billion
BEIJING – GCiS China Strategic Research estimates that the domestic market for metal surface treatment chemicals in China was valued at over RMB 16.4 billion, or $2.6 billion, at the end of 2014. The study finds that the market will continue to grow at a CAGR of 7 percent in upcoming years, with aluminum surface treatment chemicals growing at a faster pace than steel.
Reaping the benefits of a loose market structure and feverish expansion in the steel and automotive industries, the market for metal surface treatment chemicals nearly doubled over the past few years. Moving forward, growth from steel, auto, and home appliances may stall, though other sectors, such as aviation and industrial aluminum will maintain strong growth. The target market has only minor linkages to housing and construction, which moving forward face sluggish growth. Structural changes in the overall economy mean that challenges are certainly on the horizon. However, a sharp downturn is unlikely.
Environmental concern may act as the catalyst in rekindling the market. With government initiatives tackling heavy metal emissions, eco-friendly metal surface treatment chemical products will gradually find their way into less-tapped areas of the market, such as steel mills and heavy machinery. Anticipating this trend, research has revealed that both large domestic and multinational suppliers are developing and promoting chromate-free passivation and substitute technology for phosphate conversion coatings.
This GCiS market study draws on a three-month in-depth primary survey of 68 market suppliers, channel players and experts. The report features analysis of the eight key metal surface treatment chemicals: steel cleaners, steel conversion coatings, steel passivation liquids, anti-corrosion oils, steel degreasing agents, aluminum cleaners, aluminum passivation liquids and aluminum degreasing agents. For each product segment, major areas covered include market size and shares, five-year projections, market structure, pricing trends, distribution, an assessment of key suppliers, and more. Recent developments in product technology, the dynamics of end-user demands, and application trends are all addressed and thoroughly examined.
GCiS China Strategic Research is a China-based market research and advisory firm focused on business-to-business markets. For additional information about the report, contact firstname.lastname@example.org or visit http://www.gcis.com.cn/Research/Metal%20Surface%20Treatment%20Chemicals.htm.