Indian Metal Treatment Chemical Market is predicted to grow at a CAGR of 5.68% to reach USD 378.4 million by the end of 2023 says Market Research Future
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Global Key Players and Competition Analysis
The key players in the India metal treatment chemical market are BASF India Ltd., Henkel Adhesives Technologies, Metalguard Pvt. Ltd., Chemtex Speciality Limited, CMP PVT. LTD, Dimetrics Chemicals, KCH INDIA PVT. LTD, Olivine Mercantiles Pvt. Ltd., Prime Laboratories and GTZ India Private Limited among others
The Indian metal treatment chemical market is segmented based on type and end-user. Based on the type, the market is segmented into anodizing & platting, corrosion protective, cleaning, paint stripers. By the end user, the India metal treatment chemical market is automotive, metalworking, industrial machinery, electronics & electrical, construction, and aerospace & transportation.
The Indian metal treatment chemical market is growing at a significant CAGR due to the ongoing development of key industries like automotive, construction, and transportation. Government initiative of 100% FDI policy in the automotive sector has increased the production and sales of vehicles thereby, rising demand for metal treatment chemicals in the automotive industries. An emerging cluster of the automotive industry in the southern region of India such as BharatBenz, Ford India, Hyundai Motor India Limited and Ashok Leyland among others are expected to drive the metal treatment chemicals market.
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The growth of the metal treatment chemicals market is largely driven by development in the metalworking industry owing to increasing demand for the automobile, auto components, and defense & railways sectors. The other factor driving the market growth is rising initiative by government favoring the metalworking. For instance, Indian government-initiated campaign ‘Make in India’, to end-use sectors of machine tools namely, automotive and railways as the key industries for the economic development.
Browse the market data and information spread across 83 pages with 49 data tables and 20 figures of the report “India Metal Treatment Chemical Market Research Report- Forecast to 2023 ” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/india-metal-treatment-chemical-market-5199
January 2018 Market research future has published a cooked research report on “Indian Metal Treatment Chemical Market” that contains the information from 2016 to 2023. Indian metal treatment chemical market is expected to grow at a CAGR 5.68% during the forecast period of 2017 to 2023.
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