With COVID-19 causing disruptions across industries such as automotive, aerospace, electrical & electronics, and others, the metal finishing chemicals market will register sluggish growth. While recovery is on cards, stringent regulations imposed to curb emission of toxic components from industries will continue posing threat. Nonetheless, expansion of the automotive sector is likely to offset some challenges witnessed, guaranteeing growth at a steady pace in the coming years. The report uncovers hidden opportunities for the market and examines evolving trends to present exclusive insights for the assessment period between 2020 and 2030.
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Key companies of market are-
- Advanced Chemical Company
- Atotech Deutschland GmbH
- Chemetall
- Coral Chemical Company
- Dow Inc.
- Elements Plc
- Houghton International Inc.
- MacDermid Performance Solutions
- McGean-Rohco Inc.
- NOF Metal Coatings North America
- Platform Specialty Products Corporation
- PPG Industries
- Quaker Chemical Corporation
Metal Finishing Chemicals Market Overview
A new study by Fact.MR states that the global metal finishing chemicals market is anticipated to rise at over 2% CAGR during the forecast period from the year 2020 to 2030. Plating chemicals segment is expected to maintain the lead in terms of product type.
With the steady expansion of automotive industry, the demand for electroplating process is surging. The increase in demand for flawless finished metal in electrical equipment, machinery parts, construction machinery, and others is expected to create growth opportunities for the global market.
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As the demand for cleaning chemicals is rising significantly across the world, the key market players are focusing on the launch of a wide range of metal finishing chemicals, including cleaning chemicals effective for removing metal oxides, oils, carbon smut, and others.
Metal Finishing Chemicals Market – Segmentation
Fact.MR’s research study assesses the global metal finishing chemicals market in terms of product type, process, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market and their influence on the growth prospects of the global metal finishing chemicals market.
| Product Type |
- Plating Chemicals
- Conversion Coatings
- Cleaning Chemicals
- Other Product Types
|
| Process |
- Electroplating
- Electroless Plating
- Chemical & Electrochemical Conversion
- Other Processes
|
| Application |
- Automotive
- Electrical & Electronics
- Aerospace
- Construction
- Other Applications
|
| Region |
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
|
Expansion of Automotive Industry Boosting Growth
Metal finishing process, especially electroplating plays a very significant role in automotive industry. It uses electrodeposition, which is a cost effective method of providing a thin wear and corrosion resistant surface coating of metal on automotive parts.
Various automotive parts such as gearbox parts, engine, drive axle, vehicle exterior, and others require corrosion-resistant, wear-resistant, and rust-resistant finishing along with clean appearance. As a result, metal finishing chemicals such as Sodium Hydroxide, Phosphoric Acid, Ammonia, Nitric Acid, and others are in high demand.
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The Metal Finishing Chemicals market report answers important questions which include:
- What does the status of the Metal Finishing Chemicals market look like after the forecast period?
- Which region has the highest contribution to the global Metal Finishing Chemicals market and why?
- Which players remain at the top of the global Metal Finishing Chemicals market?
- What opportunities are available for the Metal Finishing Chemicals market players to expand their production footprint?
- Which segment has the maximum impact on the global Metal Finishing Chemicals market?
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