Chemetall acquires the automotive paint detackification business of Polymer Ventures, Inc.
Published Date | 2019 April 12
Acquisition of automotive paint detackification business of Polymer Ventures, Inc.by Chemetall will enhance their business in automotive paint business which will foster the global Surface Treatment Chemicals market over the forecast period.
Global: The Surface Treatment global business unit of the Coatings division of BASF, operating under the Chemetall brand, recently closed its acquisition of the automotive paint detackification business of Polymer Ventures, Inc. The paint detackification technology is a process used to capture and neutralize paint overspray. It complements Chemetall's surface treatment products which are designed to optimally prepare metal surfaces for the painting process and ensure proper coating adhesion. The purchase will provide customers with best-in-industry value: by streamlining the combined supply chain; enhancing service through the organizations` mutual commitment to meeting technical requirements with expanded in-field representation and industry specialists; new products through global R&D resources, and stronger manufacturing and processing capabilities. Furthermore, the joined business represents a significant growth opportunity for employees, customers and suppliers. Chemetall through this acquisition is in the best position to offer a technically advanced and complementary product portfolio to the industries it serves. According to BlueWeave Consulting, Increasing demand from various end-use application verticals such as automotive industry, general industry, coil industry, industrial machinery, and aerospace industry will foster the global Surface Treatment Chemicals industry in upcoming periods. The applications of surface treatment chemical increases hardness wear resistance and improve adhesion of other chemical treatments such as photosensitive and other coating. Surface treatment is majorly utilized for treatment of metals and alloys, however not only limited to metal, but surface treatment are also utilized for treatment of printed circuit boards, which are composed of plastic and metal. Metal profiles prefer surface treatments such as electroplating, which engages in the formation of metallic coating on surfaces and anodic oxidation for light metals such as titanium and aluminum. Additives and sealants are also used to ensure efficient application of other chemicals. Expanding industrialization and escalating heavy machinery demand in emerging market will demand for the Surface Treatment Chemicals industry in future timeline. According to BlueWeave Consulting‘s upcoming report, Titled-“Global Surface Treatment Chemicals Market ,By Chemical Type (Corrosion Protection Coatings, Cleaners, and Others), By Base Materials (Metal and Plastic), By Application (Automotive, Aerospace, General Industry),By Region, Size and Forecast 2019- 2025”- Global Surface Treatment Chemicals, market is expected with grow with a significant rate in forecast period, 2019-2025, owing to increasing demand for durable and wear-resistant products. Moreover, with an extensive application of surface treatment chemicals in automotive coating, the thriving global automobile and component production is expected to create sustainable demand for the Surface Treatment Chemicals. In addition, increasing demand for automobiles and growing number of infrastructure projects in various emerging economies are expected to fuel the global Surface Treatment Chemicals market in next few years.