Metal Finishing Chemicals Market to Reach USD 13.9 Billion by 2027 | CAGR 3.8% – Forencis Research

Metal Finishing Chemicals Market - Global Industry Analysis and Forecast 2020 to 2027

Global Metal Finishing Chemicals Market: Key Highlights

  • According to the new market research report Metal Finishing Chemicals Market by Type (Plating Chemicals, Cleaning Chemicals, Conversion Coating, Proprietary Chemicals, Others), by Material (Zinc, Nickel, Chrome, Chopper, Gold, Silver, Others), by Process (Electroplating, Electroless Plating, Chemical & Electro Chemical Conversion, Others), by End-use (Automotive, Electrical & Electronics, Aerospace, Construction, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global metal finishing chemicals market is estimated to reach USD 13.9 Billion by 2027 at a CAGR of around 3.8% during the review period.
  • To improve physical appearance and characteristic of metallic surface, metal finishing chemicals are used to clean, plat and etch the surface           
  • Resistance to corrosion, electrical, wear, hardness, and chemicals, and electrical conductivity, appearance, and reflectivity to metal surface are some of the properties of metal finishing chemicals
  • Chemical conversion, electrolytic plating, electroless plating and electrochemical conversion are the majorly used processes in metal finishing chemical in various industries

Metal Finishing Chemicals Market

Global Metal Finishing Chemicals Market: Key Market Dynamics

  • Increasing demand of metal finishing chemicals from automotive industry in order to protect metal parts from premature wear and corrosion has expected to drive the market growth during the forecasted period
  • Increasing use for durable and wear resistant product has anticipated to propel the growth of metal finishing chemicals market
  • Regulations on wastewater managements and hazardous waste disposal has expected to hinder the metal finishing chemicals market growth during the forecasted period

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Global Metal Finishing Chemicals Market: Regional Overview

  • North America

North America is anticipated to experience a substantial growth in the metal finishing chemicals market during the forecasted period forecasted period owing to growing aerospace and electrical & electronic industry. According to Aerospace Industries Association (AIA), in 2018, the U.S. Aerospace & Defense industry generated USD 929.5 billion in sales revenue and generated USD 151 billion worth export in 2018. However, stringent regulations in U.S. related to metal finishing industry, due to one of the highly chemical sensitive industry is likely to be major restraint for the metal finishing chemicals market in this region.

  • Asia pacific

Asia Pacific is anticipated to be the fastest growing region in metal finishing chemicals market during the forecasted period.  This is attributed to the extensive demand from automotive sector and increased regulations implemented by governing authorities in countries such as China, and India. For instance, Make in India initiative undertaken by Indian government has promoted the manufacturing unit and demand for vehicles in the country, escalating the demand for metal finishing market. Moreover, growing electronic and electrical sector in Taiwan, China, Korea, Japan and India has anticipated to further fuel the demand for market in the region.

Global Metal Finishing Chemicals Market: Key Players Overview

  • BASF SE:

BASF SE is German-based company and one of the largest chemical producer across the globe. The company operates in six business segments including, Chemicals, Materials, Industrial Solution, Surface Technologies, Nutrition & Care, and Agriculture Solution. BASF SE generated sales of around USD 69.8 billion in 2019. In September 2019, the surface treatment business unit of coating division of BASF SE expanded its production capacity in China in order to support growing demand across multiple segments.

  • Atotech Deutschland GmbH:

Atotech Deutschland GmbH is one of the leading surface finishing provider, delivering chemistry, equipment, and service to support various end-use industries. The company operates through industrial construction, sanitary, white goods, mobile device, computers, automobile, automobile electronics, furniture, and communication infrastructure. Atotech Deutschland GmbH has registered over 2,200 active patents registered of which 1,800 are for chemical processes. Atotech operates in more than 40 countries and has 14 production sites for chemistry, and 2 for equipment.

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Rep Id : CM 0168

Published : 2020-09-22

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