Metal Finishing Chemicals Market - Global Industry Analysis

Metal Finishing Chemicals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6755 Status : Upcoming

Description

Global Metal Finishing Chemicals Market: Overview

Chemicals for metal finishing are used for several reasons, for instance, protection from corrosion, wear resistance, lubricity, appearance, and physical enhancement of a product. Metal parts used in vehicles and industrial machinery are prone to get rust and other forms of degradation when exposed to environmental conditions. Hence it is important to treat metal surfaces with a specialized chemical not only to improve its strengths but the overall life of critical metal components. Owing to such benefits metal finishing chemicals are widely used in many industries where the automobile and aerospace industry is one of the largest utilizers of such chemicals or chemically finished metal parts.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Metal Finishing Chemicals Market: Growth Factors

The global metal finishing chemicals market is bolstering at a significant rate. Growing demand for wear resistant & durable products and expanding automotive sector are the prime factors for the growth of the global market. In the automotive industry, metal finishing chemicals are widely used over the exterior and interior parts such as car door handle, plated aluminum wheels, engine valves, piston rings, gears, shock absorbers, and many more to protect them against early corrosion & wear. Thus, there is a huge demand for metal finishing chemicals for functional coatings and decorative coatings thereby fostering market growth. In addition to this, expanding applications of metal finishing chemicals across electrical & electronics for electroplating process for electronic parts & components is equally contributing to the growth of the global metal finishing chemicals market. Moreover, large demand for metal finishing chemicals from emerging economies is also fueling market growth. However, the growing use of plastic as an alternative to metal may impede the growth of the global metal finishing chemicals market. On the other hand, the growing use of biobased cleaning chemicals is likely to open several opportunities for the growth of the global market during the forecast period.

The growth of the global metal finishing chemicals market observed decline during the pandemic period. This is mainly attributed to reduced demand from automobile, electronics, and aerospace industries due to temporary shut down in the manufacturing process. Along with these many other end-use industries faced similar conditions due to shortage of raw materials, halt on manufacturing activities of small metal component manufacturers, and disruption of supply chains all over the world. All these factors equally contributed to low revenue generation for the global metal finishing chemicals market during the pandemic period.

Global Metal Finishing Chemicals Market: Segmentation

The global metal finishing chemicals market is fragmented based on process, metal, type, end-use industry, and region. Based on the process, the global metal finishing chemicals market is divided into thermal or plasma spray coating, anodizing, polishing, plating, electroplating, and others. Copper, chrome, nickel, zinc, platinum, silver, gold, and others are categorized under the material segment. Based on the type, the market is classified into proprietary chemicals, conversion coating, cleaning chemicals, plating chemicals, and others.

Global Metal Finishing Chemicals Market: Regional Analysis

North America is expected to remain the largest regional market for metal finishing chemicals over the forecast period. This is due to the increasing demand for metal finishing chemicals in the electronics & electrical and automobile sector. The United States is projected to register healthy growth in the North American market with high highest market share. Europe is projected to be the second-largest market for metal finishing chemicals. The local market for chemically finished metal components is large and continuously growing owing to the well-established automobile sector in Germany, UK, and France. Asia Pacific is projected to be the most lucrative regional market for metal finishing chemicals during the forecast period. Market growth in the region is primarily driven by the rising demand from the automobile sector. Besides, the industrial machinery industry is also one of the major end-users for metal finishing chemicals in the region. A large revenue share of the market is expected to be obtained from emerging countries such as India and China. Further, the Middle East & Africa is anticipated to offer better growth opportunities for the expansion of the market owing to a rapid expansion of the electronics & electrical sector.

Global Metal Finishing Chemicals Market: Competitive Players

The global metal finishing chemicals market is highly fragmented, key players operating in the market are focusing to offer newer solutions for metal components in the automobile industry. Some of the major players that are operating in the global metal finishing chemicals market are Atotech Deutschland GmbH, Platform Specialty Products Corporation, Elementis plc, The Dow Chemical Company, Chemetall, NOF Corporation, McGean-Rohco, Houghton International, Inc., Coral Chemical Company, and Advanced Chemical Company among others.

Global Metal Finishing Chemicals Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global metal finishing chemicals market is bolstering at a significant rate. Growing demand for wear resistant & durable products and expanding automotive sector are the prime factors for the growth of the global market. In addition to this, expanding applications of metal finishing chemicals across electrical & electronics for electroplating process for electronic parts & components is equally contributing to the growth of the metal finishing chemicals market.

Some of the major players that are operating in the global metal finishing chemicals market are Atotech Deutschland GmbH, Platform Specialty Products Corporation, Elementis plc, The Dow Chemical Company, Chemetall, NOF Corporation, McGean-Rohco, Houghton International, Inc., Coral Chemical Company, and Advanced Chemical Company among others.

North America is expected to remain the largest regional market for metal finishing chemicals over the forecast period. This is due to the increasing demand for metal finishing chemicals in the electronics & electrical and automobile sector. The United States is projected to register healthy growth in the North American market with high highest market share.

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