In 2017, the global market for metal finishing chemicals was worth USD 9.49 billion. The market is expected to grow at a 4.5% CAGR over the forecast period. This market is expected to be driven by the growing automotive industry in emerging countries like India, China and Thailand. Government initiatives such as the Make in India Policy by the government in India are also key drivers of automotive manufacturing and development in these areas, which will likely fuel further growth.
The product's rising demand can be attributed in part to the excellent properties of metal finishing chemical, including resistance to corrosion, electrical wear, torque, hardness and chemical combinations with electrical conductivity, appearance and reflectivity to metal surfaces.
The automotive sector is expected to see an increase in automotive production, mainly in China and India. The automotive market will be fueled by rising demand in India and China for passenger cars, as well as rising disposable income.
Metal finishing chemicals are also used in other industries, such as transportation equipment and machinery. The market is expected to grow due to rising demand from India and China for electrical components such as connectors and semiconductor devices.
OSHA, REACH, and EPA have established strict regulations for wastewater disposal and hazardous waste disposal in metal finishing industries. The EPA has established guidelines to deal with wastewater from these industries, as it contains contaminants such as cyanides, organic compounds, suspended solids and heavy salts. These contaminants can be dangerous for the environment and could pose health risks. This will likely limit market growth during the forecast period.
2017 was a record year for Plating chemicals, which was the most popular product category. These chemicals have superior surface properties such as wear resistance, corrosion resistance and hardness. They also provide electrical conductivity to the metal surfaces.
Due to the increasing use of cleaning chemicals in various application industries such as construction, aerospace, and electrical, the segment will see the most rapid growth during the forecast period.
Conversion coatings can be used for chemical and electrochemical transformations to provide metal coatings. Conversion coatings contain chromates and phosphates. These coatings are resistant to mild corrosion and enhance field performance as well as paint adhesion.
The most common use of chromate conversion is on aluminum surfaces, while zinc and ironphosphate conversion can be used on steel substrates. In the coming years, the demand for conversion coatings to metal pretreatment will rise as it induces anticorrosive properties onto substrates.
Electroplating was the fastest-growing process segment in 2017, accounting for approximately 40% of total revenue. This process is used primarily in automotive plating, as well as electrical and electronic plating. This process is cheaper than electroless plating or galvanization and is expected to be the main driving force in the market. The market growth is likely to be hampered by strict environmental regulations that apply to chromium-cadmium electroplating.
Because of its increasing use in plating printed circuit boards, and consumer durables, electroless plating will be the fastest-growing process segment. Market growth will be driven by the electroless plating process's ability to produce an even finish without using electrical power.
The fastest-growing segment of the application market is expected to be automotive over the forecast period. This is due to the ever-increasing production and demand for passenger and commercial vehicles in emerging countries like India, China and Thailand. The growth of the automotive industry can be attributed to both rising disposable income and government policies that encourage growth.
Moreover, major OEMs such as GM, CHRYSLER and BMW will continue to fuel the metal finishing chemicals market.
Due to increasing government spending on defense and aircraft production, the global aerospace and defense industries are expected to experience steady growth in the forecast period. This has led to an increase in the equipment replacement cycle, which has also fueled passenger travel demand, which has driven the use of the product for aerospace maintenance, repair and overhaul activities.
Other applications such as jewelry and consumer durables, recreation goods, job shops, machine tool, and medical equipment will see steady growth over this forecast period. The demand for medical equipment is expected to rise due to the growing healthcare industry in countries like India, the U.S. and Germany. Market growth is also expected to be fueled by the rising demand from the U.S. for ornamental jewellery.
North America dominated the market in 2017, owing to its large and growing automotive and manufacturing sectors. Asia Pacific will see the fastest CAGR over the forecast period due to the increase in automotive manufacturing in countries like Thailand, India, Indonesia and China. Demand will also be fueled by the expanding electronics and electrical industries in Korea, China and Japan, India and Taiwan.
In 2017, Europe was the second-largest region segment and held 29.0% of total revenue. Due to the growth in automotive development and manufacturing and increased demand from developed countries like Spain, France and Italy, it is expected to see steady growth over the next few year. The region's growth will be accelerated by the presence of many manufacturers such as Coventya and BASF SE, Atotech Deutschland., Elementis, Henkel AG and Rashid.
It is fragmented by the presence of large and small companies who collectively accounted for a significant portion of the market in 2017. Atotech Deutschland GmbH, Chemetall, Elementis and DOW Chemicals are key manufacturers. Mc-Gean Rocho in the US is also a key manufacturer. Quaker Chemicals and Quaker Chemicals are also important.
While most manufacturers are focusing on North America and Europe, they also maintain distribution networks in other regions. These chemicals are most popular in North America and Europe due to growing demand from the aerospace, automotive, electrical, and manufacturing industries.
Numerous regional industry players are present, especially those located in the U.S.A., Canada and Germany. This is expected to boost the overall competitive environment.
Attribute |
More Details |
Base Year for Estimation |
2017 |
Actual Estimates/Historical Data |
2014 - 2016 |
Forecast period |
2018 - 2025 |
Market representation |
From 2018 to 2025, revenue in USD million and CAGR |
Regional Scope |
North America, Europe and Asia Pacific, Central & South America. Middle East & Africa. |
Country Scope |
U.S., Mexico, Canada, Germany, U.K., France, China, India, Japan, Brazil, Saudi Arabia |
Report coverage |
Forecast revenue, company share, competitive landscape and growth factors. |
15% Off Customization Scope (Equivalent To 5 Analysts Working Day) |
We will customize the report to provide you with any additional information that you require. |
This report predicts revenue growth at all levels, including regional and national, and includes an analysis of industry trends for each sub-segment from 2014 to 2025. Grand View Research has divided the report on global metal finishing chemicals market based on product, process, application and region.
Product Outlook (Revenue USD Million, 2014-2025)
Plating Chemicals
Conversion coatings
Cleaning chemicals
Other
Process Outlook (Revenue USD Million, 2014-2025)
Electroplating
Electroless plating
Chemical & Electro Chemical Conversion
Other
App Outlook (Revenue USD Million, 2014-2025)
Automotive
Electrical & Electronics
Aerospace
Construction
Other
Regional Outlook (Revenue USD Million, 2014-2025)
North America
The U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Asia Pacific
China
Japan
India
Central & South America
Brazil
Middle East & Africa
Saudi Arabia
Up Market Research published a new report titled “Metal Finishing Chemicals Market research report which is segmented by Product (Cleaning Chemicals, Conversion Coatings, Plating Chemicals), By Players/Companies Technic, Coral Chemical Company, Atotech Deutschland GmbH, NOF Corporation, Chemetall, Advanced Chemical Company, Platform Specialty Products Corporation, Quaker Chemicals, HENKEL Ag, Elementis, DOW Chemicals, Houghton International Inc, A Brite Company, Rashid GmbH, Mc-Gean Rocho the US”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Metal Finishing Chemicals Market Research Report |
By Product | Cleaning Chemicals, Conversion Coatings, Plating Chemicals |
By Companies | Technic, Coral Chemical Company, Atotech Deutschland GmbH, NOF Corporation, Chemetall, Advanced Chemical Company, Platform Specialty Products Corporation, Quaker Chemicals, HENKEL Ag, Elementis, DOW Chemicals, Houghton International Inc, A Brite Company, Rashid GmbH, Mc-Gean Rocho the US |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 244 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Cleaning Chemicals, Conversion Coatings, Plating Chemicals).
Metal Finishing Chemicals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Metal Finishing Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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