The Global Metal Finishing Chemicals Market is projected to reach a value of over USD 13.9 Billion by 2027 at a CAGR of around 3.8%.
Metal finishing is an industrial process which alters the metal surface of manufactured product to achieve certain property. Metal finishing chemicals is used to plate, clean, and etch metallic surface which enhance their characteristics and physical appearance. Surface properties such as corrosion resistance, electrical & wear resistance, reflectivity & appearance, hardness, chemical properties, electrical conductivity, and among other are controlled or altered with the help of metal finishing chemicals.
Market Driver:
Metal finishing chemicals are used in automotive industry in functional coating, decorative coating, and functional electronic coating. Exterior and interior parts of automotive are protected from premature wear and corrosion by metal finishing chemicals. Additionally, these chemicals are used to enhance the appearance by giving the parts a smooth finish. The moisture content present in the air may cause corrosion and further damages to the metal parts present in the cars. Thus, to protect the metal parts of cars from corrosion, metal finishing chemicals are being used by automotive manufacturers across the globe. These chemicals are used for plating various components such as fuel injection housing, heat sink, shock absorbers, cylinders, gears, piston rings, engine valves, car door handles, anti-vibration components, fasteners, and amongst others. Thus, increasing demand of metal finishing chemicals from automotive industry in order to protect metal parts from premature wear and corrosion is expected to drive the market growth during the forecast period.
Market Restraint:
Various stringent regulations are imposed on wastewater management and hazardous waste disposal for metal finishing industries by various governing bodies such as EPA, REACH, and OSHA. For instance, according to Environmental Protection Agency (EPA), the Metal Finishing Effluent Guidelines (40 CFR Part 433) covers regulation for wastewater discharge from various industries. Moreover, the Clean Act by the EPA developed strict regulations for wastewater from industries as it contains various contaminants such as heavy salts, organic substance, and cyanides. These contaminants are environmentally hazardous and pose potential health risks. Thus, regulations on wastewater managements and hazardous waste disposal has expected to hinder the metal finishing chemicals market growth during the forecasted period.
The report on the metal finishing chemicals market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Type, Material, Process, End-use, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Metal Finishing Chemicals Market, by Type
Metal Finishing Chemicals Market, by Material
Metal Finishing Chemicals Market, by Process
Metal Finishing Chemicals Market, by End-use
Metal Finishing Chemicals Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE METAL FINISHING CHEMICALS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
