The surface treatment chemical market is projected to grow from USD 15.82 billion in 2025 to USD 23.64 billion by 2032, at a CAGR of 5.9% during the forecast period.
The surface treatment chemical market is growing steadily due to rising demand across multiple high-performance industries, including automotive, aerospace, construction, electrical & electronics, and packaging. Key growth drivers include the increasing adoption of lightweight and high-strength materials, stringent regulatory requirements for corrosion resistance and environmental compliance, and the shift toward sustainable and eco-friendly chemistries, such as low-VOC, phosphate-free, and hexavalent-chromium-free formulations. Technological advancements, including nanotechnology-based coatings, smart functional treatments, and automated application systems, are further boosting market adoption. Leading players, including Henkel AG & Co. KGaA, Chemetall GmbH, PPG Industries, Nippon Paint Holdings, and Nihon Parkerizing, are driving innovation, expanding their product portfolios, and forming strategic partnerships to capture the growing demand across diverse end-use sectors. In addition, increasing investments in R&D to develop high-performance, durable, and environmentally compliant solutions are supporting the market’s robust growth trajectory.
The major players active in the surface treatment chemical market are based in North America, Europe, and Asia Pacific. Chemetall gmbH (Germany), Henkel AG & Co. KGaA (Germany), Nippon Paint Holdings Co., Ltd. (Japan), PPG INDUSTRIES, INC. (US), Nihon Parkerizing Co., Ltd. (Japan), MKS Atotech (Germany), Element Solutions Inc (US), Axalta Coating Systems, LLC (US), Dow (US), The Sherwin-Williams Company (US), and AkzoNobel (Netherlands) are among a few leading players operating in the surface treatment chemical market. Significant attention has been dedicated to developing cost-effective manufacturing technology in the market to meet evolving global demands. Key players have implemented various growth strategies to solidify their market position. These strategies encompass deals, mergers and acquisitions, collaborations & partnerships, and investment & expansions, all aimed at enhancing their presence in the surface treatment chemicals market.
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Chemetall gmbH (Germany)
Chemetall, a global business unit of BASF’s Coatings division, is one of the leading players in specialized surface treatment chemicals, offering sustainable, innovative, and end-to-end solutions for industries such as automotive, aerospace, general industry, glass, and plastics recycling. With an emphasis on scientific excellence and collaborative partnerships, Chemetall aligns its solutions with clients’ operational goals, helping them achieve efficiency, regulatory compliance, and sustainability. Its portfolio of more than 4,500 products reflects comprehensive coverage of all stages of surface treatment, including cleaning, conversion coatings, corrosion protection, anodizing, electrocoating, metalworking, and non-destructive testing. The company also provides tailored solutions for paint detackification, stripping, passivation, organic coatings, plastics recycling, water treatment, sanitization, and aerospace sealants, thereby serving diverse manufacturing and processing needs worldwide.
Henkel AG & Co. KGaA (Germany)
Henkel AG & Co. KGaA is a global leader in adhesives, sealants, functional coatings, and consumer brands. The company operates through two core business units: Adhesive Technologies, which is the world’s largest adhesives solutions provider serving industries such as automotive, aerospace, packaging, electronics, and metals, and Consumer Brands, which includes laundry, home care, and hair care products. Henkel’s surface treatment chemicals are marketed under the BONDERITE brand and form part of its Adhesive Technologies division, supporting a wide range of industrial applications with solutions for corrosion protection, paint adhesion, and metal finishing. With a strong global footprint of more than 150 manufacturing and R&D facilities and sales offices in over 120 countries, Henkel maintains key regional hubs in Germany, the US, China, India, and Brazil, ensuring proximity to both mature and emerging markets.
SURFACE TREATMENT CHEMICAL MARKET: MARKET RANKING
The ranking of companies in the surface treatment chemical market is based on several key factors that reflect their market position, capabilities, and overall contribution to the industry. The top 5 players in the surface treatment chemical market have been identified based on their revenue, market share, product offerings, production capacity, innovation, technological advancements, geographical presence, strategic partnerships, financial performance, and sustainability efforts. These key players continue to lead the market by maintaining a competitive edge and delivering high-quality surface treatment chemicals to various end-use industries. Major players operating in the market include Chemetall GmbH (Germany), Henkel AG & Co. KGaA (Germany), Nippon Paint Holdings Co., Ltd. (Japan), PPG INDUSTRIES, INC. (US), and Nihon Parkerizing Co., Ltd. (Japan).
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Surface Treatment Chemical Market by Product Type (Plating Chemicals, Conversion Coating, Anodizing Chemicals, Passivation Chemicals, Paint Strippers, Cleaners), Treatment Method, Base Material, End-Use Industry, and Region - Global Forecast to 2032
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