Introduction of Surface Technology Services
Surface technology services include procedures that modify a material’s surface characteristics for various reasons. These services improve properties like adhesion, corrosion resistance, wear resistance, and attractiveness. The automotive, aircraft, electronics, medical devices, and energy sectors use surface technology services. Environmental laws, technical improvements, and the rising need for strong and effective materials drive the industry.
These advancements enable companies to provide more customized solutions and services, which drives the expansion of the surface technology services market.
For instance, GJD committed to purchasing a brand-new, top-of-the-line Hanwha Techwin SM482 plus surface mount technology (SMT) equipment in July 2022. The new equipment will make the high-speed automation of the electronic assembly process possible, which will also increase productivity and reduce GJD’s carbon footprint’s financial impact.
(Source:www.gjd.co.uk/gjd-announces-investment-in-new-smt-machine/)
What are the Key Trends Influencing the Surface Technology Services Market?
- Rising Demand for Lightweight Solutions to Drive Market Growth
The market for surface technology services is expanding significantly due to the growing demand for lightweight solutions. Industries, including aerospace, automotive, and manufacturing, where the requirement for lightweight materials and components is crucial for improving efficiency, fuel economy, and overall performance, are the main drivers of this need. By offering coatings, treatments, and alterations that improve the qualities of lightweight materials, surface technology services are essential to attaining these goals.
In 2021, BASF’s surface technologies category generated 22.65 billion euros in revenue. Surface treatments, coatings, catalysts, and battery materials for the chemical and automotive sectors are all part of BASF’s catalysts and coating divisions, which comprise the Surface Technologies business unit.
(Source:report.basf.com/2022/en/managements-report/segments/surface-technologies/segment-profile.html)
Lightweight materials are needed to increase battery range and boost overall vehicle efficiency as the number of electric and hybrid vehicles grows. Coatings that enhance heat management and boost the tensile strength of light battery casings are available from surface technology services.
The Factors are hindering the Surface Technology Services Market Growth
- High Initial Costs to Hinder Market Growth
High start-up expenses significantly constrain the surface technology services market’s growth. Companies may hesitate to test novel surface technology methods due to high start-up costs. Even if there are more effective or ecologically friendly options, they can choose the traditional approach, which would prevent the market from developing. Due to the substantial up-front expenditures, clients may postpone or abandon projects. This might hinder market expansion and provide revenue uncertainty for service providers in surface technology.
Impact Of COVID-19 on the Surface Technology Services Market
The COVID-19 pandemic significantly affected several businesses, including the surface technology services market. Lockdowns and limitations caused supply chain disruptions that impacted the supply of the raw materials and chemicals required for surface technology procedures. Project timelines were delayed due to travel restrictions on the transportation of supplies and equipment. Due to economic uncertainties and lockdowns, demand decreased across various end-user industries, including automotive, aerospace, and construction. Surface technology service demand was impacted since lower demand delayed or canceled projects. The pandemic boosted the industry’s embrace of digital technologies for remote monitoring, process optimization, and cooperation. Resilience and supply chain diversification have become key factors in mitigating potential disruptions. Although ceramics are one of the main applications of surface technology, the global market had little impact.
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Top Companies Market Share in Surface Technology Services Market Report 2023 Industry: (In no particular order of Rank)
- Bodycote
- DOWA Thermotech
- FPM Heat Treating
- HARTEREI REESE
- Parker Trutec Group
- Paulo
- Shanghai Heat Treatment
- Metal Heat Co. Ltd
- Guangdong Strong Metal Technology
- TTL
- Solar Atmospheres
- Schaeffler Group
- Linde Plc
- Aalberts Surface technology
- Surface Technology Inc
*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile from Surface Technology Services Market Report 2023 for Preview Purpose OR Data Validation!
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Competitive Landscape of Surface Technology Services Market
The global market for surface technology services is very profitable, appealing, and attractive to current companies and potential entrants. At the same time, fierce competition among current rivals has been noted. Industry participants have utilized various methods to strengthen their operations and positions in the global surface technology services market, including strategic alliances, acquisitions, and expansion.
April 2021: With the all-new Safari, Tata Motors introduced one of the industry’s first service offers for ceramic coating. This cutting-edge hydrophilic formulation method will revive the appearance of Tata cars. For a cost of 28,500 (including GST) for UVs, this service would be provided at all Tata Motors certified dealerships.
March 2021: IGL Coatings announced the official release of its flagship product, the Ecocoat Kenzo, with graphene reinforcement. Kenzo, an innovative, high-solids ceramic coating from IGL that has been 10H* approved, won the gold medal for green technology at the International Innovation Awards 2021. A high-solids, zero-VOC formula developed by Ecocoat Kenzo revolutionized the ceramic coatings industry. The buttery smooth and brilliant ceramic coating was in high demand worldwide due to its distinctive high solids recipe.
(Source:blog.iglcoatings.com/press-release-ecocoat-kenzo-official-worldwide-launch/)
Surface Technology Services Market Report 2023 Analysis
Global Surface Technology Services Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Surface Technology Services Market Report 2023 Industry growth. Surface Technology Services Market Report 2023 has been segmented with the help of its Type, Application , and others. Surface Technology Services Market Report 2023 analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By Type, the Ceramic Coatings Segment Dominate the Surface Technology Services Market
According to Cognitive Market Research, ceramic coatings are a form of surface technology used by many industries due to their excellent qualities, including resistance to high temperatures, corrosion, wear, and insulation. To improve the endurance and performance of various materials, they are placed as thin coatings on their surfaces. There are aesthetic ceramic coatings in sectors where aesthetics is important, including the jewelry and automotive industries. Thermal spray, chemical vapor deposition (CVD), physical vapor deposition (PVD), and sol-gel processes frequently apply ceramic coatings. Depending on the exact application, these coatings provide many advantages, making them an essential part of surface technology services in various industries.
The second-most popular product is plasma spray. Plasma spray is a popular method for applying coatings to different substrates in surface technology. This method melts and propels coating ingredients onto the substrate using a high-energy plasma jet to create a strong protective layer. In a plasma spray torch, a carrier gas (usually argon or nitrogen) is ionized by an electric arc to produce a high-temperature plasma gas. Plasma spray coatings extend the life and performance of industrial machinery used in demanding environments.
- Anodizing
- Ceramic Coatings
- High-Velocity Oxygen Fuel (HVOF) Coating
- Ion Implantation
- Plasma Spray
- Combustion Spraying
- Other
By Application, the Automotive Segment Dominated the Surface Technology Services Market
According to Cognitive Market Research, the automotive category is expected to dominate the surface technology services market. In the automotive sector, surface technology services are essential because they improve vehicle functionality, robustness, beauty, and safety. Automotive parts are subjected to various environmental factors that might cause corrosion. Surface technology services extend the life of parts, including chassis, body panels, and undercarriage parts, by treating them with corrosion-resistant materials like zinc or ceramic coatings.
The aerospace category is expected to be the fastest-growing surface technology services market segment. Surface technology services are crucial to aerospace because they improve aircraft and spacecraft parts’ functionality, dependability, safety, and efficiency. Climate changes, humidity, salt, and other abrasive elements are all factors that affect aerospace components. Thermal spray coatings, cadmium coatings, and nickel coatings all prevent corrosion and hence increase the lifespan of structural components while requiring less maintenance.
- Automotive
- Heavy Machinery
- Aerospace
- Defense
- Construction
- Others
The North America Surface Technology Services Market Account for the Largest Market Share of Global Market
According to Cognitive Market Research, North America represented a significant market share due to technological advancements and growing acceptance across various industries. North America’s automobile and aerospace sectors supported surface technology services significantly. There was a substantial need for coatings that improve heat management, corrosion resistance, and fuel efficiency in these industries. Energy-efficient coatings were gaining popularity as sustainability became more and more of a priority. These coatings reduced emissions, increased energy efficiency in industrial operations, and decreased operational expenses.
The United States Surface Technology Services Predicted to Experience the Fastest Growth in North America
The United States has a diverse and robust industrial base, including aerospace, automotive, electronics, medical devices, and energy sectors. These sectors significantly rely on surface technology services to improve performance, durability, and efficiency. The U.S. economy greatly benefits from the automotive sector. Surface technology services are essential to accomplishing the goals of manufacturers to increase the fuel efficiency, safety, and aesthetics of automobiles. High-value manufactured items and technology have historically been exported by the United States. The sector may expand due to rising global demand for advanced surface technology services.
The Major Factors for the Fastest Growth of Surface Technology Services in the Asia-Pacific Region in the Upcoming Years
Rapid industrialization is taking place in the Asia-Pacific region, which includes nations like China, India, Japan, and South Korea. Surface technology services are in high demand due to the expansion of manufacturing, aerospace, automotive, and electronics sectors. Globally, the electronics manufacturing industry is dominated by the Asia-Pacific region. Due to the high need for functional coatings in the electronics industry, there are many opportunities, including thermal management, EMI shielding, and anti-reflective coatings. Within Asia Pacific, many industries and areas have different needs. Market expansion may result from providing specialized surface technology solutions that satisfy these needs.
