DUBLIN, Jan. 23, 2023 /PRNewswire/ — The “Chemical Surface Treatment Global Market Report 2022: Ukraine-Russia War Impact” report has been added to ResearchAndMarkets.com’s offering.
The global chemcial surface treatment market is expected to grow from $12.59 billion in 2021 to $13.55 billion in 2022 at a compound annual growth rate (CAGR) of 7.64%. The chemical surface treatment market is expected to grow to $17.46 billion in 2026 at a compound annual growth rate (CAGR) of 6.55%.
Asia-Pacific was the largest region in the chemical surface treatment market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical surface treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The rising automotive industry is expected to propel the chemical surface treatment market. The growing economy and rising standard of living have changed the purchasing power. While the economic effect of COVID-19 has disrupted the way we live and move around the world, a new way of living is expected to emerge. With social distancing being the best line of defense against Covid-19, there is a sudden increased demand for personal mobility worldwide.
Furthermore, climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. These adoptions also lead to increased production of EV and…