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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

01-14-2019 03:51 PM CET | Industry, Real Estate & Construction

Press release from: Market Research Future - MRFR

India Metal Treatment Chemical Market

India Metal Treatment Chemical Market

According to MRFR analysis, the Indian metal treatment chemical market is segmented into type and application. Based on the type, the market is segmented into anodizing and platting, corrosion protective, cleaning, paint stripers, and others including pickling inhibitor, metal phosphating, and passivation gel. Anodizing and platting hold the largest share of 32.6% on account of increasing demand for anodizing hard coating for application in electroless plating and anodized layer formation. Cleaning chemicals segment is growing significantly and is expected to reach USD 75.4 million by 2023. This chemical is used to remove dust, stains, and contaminants from the metal substrate in order to provide a hygienic environment for metal.

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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

Segmentation Analysis

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.

Regional Analysis

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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Market Scope

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

Industry News

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.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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