Saudi Arabia Surface Treatment Market to Grow with a CAGR of 4.05% through 2028
Growth in research and development activities is expected to drive the Saudi
Arabia Surface Treatment Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Saudi Arabia
Surface Treatment Market – By Region, Competition, Forecast and Opportunities,
2018-2028F”, the Saudi Arabia Surface Treatment Market stood at USD 134.64
million in 2022 and is anticipated to grow with a CAGR of 4.05% in the forecast
period, 2023-2028. The initiatives taken by government based on surface
treatment has led to favorable market conditions for the Saudi Arabia Surface
Treatment Market. Several factors contribute to the growth of various surface
treatment market products.
Saudi Arabia is
currently undergoing major infrastructure development, with a particular focus
on the Northern and Central regions. This surge in construction and transportation
projects has led to a significant increase in the demand for surface treatment
solutions. These solutions play a crucial role in ensuring the durability,
longevity, and aesthetic appeal of various structures and transportation
equipment.
As part of the
Vision 2030 plan, Saudi Arabia aims to localize more than 50% of its automotive
industry. This ambitious goal is expected to drive even greater demand for
surface treatment processes. These processes are integral in the manufacturing
of vehicles, contributing to their corrosion resistance, paint adhesion, and
overall quality.
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Research and
development (R&D) activities have not only resulted in the innovation of
surface treatment processes, but also in the advancement of techniques that
enhance the durability, corrosion resistance, and aesthetic appeal of various
parts and components. These improved product characteristics provide
significant advantages to industries such as metalworking, automotive, and
aerospace, which play a prominent role in Saudi Arabia's economic landscape. By
implementing these cutting-edge advancements, companies in these industries can
ensure the longevity and quality of their products, meeting the evolving
demands of customers and maintaining a competitive edge in the market.
The Saudi Arabia
Surface Treatment Market is segmented in chemical type, end user, regional
distribution, and company.
Based on its chemical type, the plating chemicals segment
held the largest share in the market. The drive for better quality and
efficiency in various industries has been a significant factor contributing to
the continued dominance of plating chemicals. These chemicals play a crucial
role in enhancing the surface properties of substrates, such as corrosion
resistance and durability. By doing so, they not only improve the overall
product quality but also help in reducing production costs by minimizing waste and
extending the lifespan of the finished products. The versatility and
effectiveness of plating chemicals make them a valuable asset in achieving
higher levels of performance and sustainability across a wide range of
industries.
Based on region, Northern & Central segment is
expected to grow during the forecast period.
In recent years, rapid technological advancements have
revolutionized the field of surface treatment. These cutting-edge innovations
have paved the way for the development of highly sophisticated and advanced
surface treatment technologies that not only deliver superior performance but
also redefine industry standards. With a growing emphasis on enhancing
operational efficiency and ensuring top-quality outputs, companies operating in
the Northern and Central regions have eagerly embraced these state-of-the-art
solutions.
By leveraging these advanced technologies, businesses
are able to optimize their operations, streamline processes, and achieve
remarkable levels of precision and consistency in their surface treatment
applications. The adoption of these innovative solutions has not only propelled
productivity and efficiency to new heights but has also established these
regions as leaders in the industry, setting a benchmark for excellence that
others strive to achieve.
Major companies operating in Saudi Arabia Surface
Treatment Market are:
- AkzoNobel Saudi Arabia Ltd
- ASCO Company
- BASF SE
- Dow Middle East Innovation Center
- DUPONT SAUDI ARABIA LIMITED
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“Growing application of surface treatment in various
end user industries are key drivers of the surface treatment market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of surface treatment with every
passing year are anticipated to register an impressive growth to Saudi Arabia
Surface Treatment Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Saudi Arabia Surface Treatment Market By Chemical Type (Cleaners,
Plating Chemicals, Conversion Coating, Others), By End User (Transportation, Construction,
General Industry, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Saudi Arabia Surface Treatment Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia Surface Treatment Market.
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