Metal Finishing Chemical Market Size, Demand, Outlook, Trends, Revenue, Future Growth Opportunities

SDKI Inc. published a new report on the Metal Finishing Chemicals Market. This study includes the statistical and analytical approaches needed to grow the metal finishing chemicals market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-114010

The metal finishing chemicals market is expected to grow at a CAGR of approximately 5% during the forecast period. Increasing automotive fleet size and increasing demand for durable and wear-resistant products are key drivers of market growth. In addition, the increased adoption of bio-based cleaning chemicals is expected to provide growth opportunities for the market.

Increasing demand in the automotive sector is creating significant opportunities for innovation in the automotive aftermarket, and demand for metal finishing chemicals is skyrocketing. These chemicals exhibit properties such as corrosion resistance, wear resistance, conductivity, electrical resistance, reflectivity and appearance, torque resistance, hardness, and chemical resistance to base metal substrates. Metal finishes are used in a variety of vehicle components such as engines, other underhood components, power steering systems, brake parts and systems, air conditioning components and systems, chassis hardware, air conditioning components and fuel systems.

Automotive parts are finished with a variety of materials, including zinc and nickel, which have excellent corrosion resistance, gold, which enhances the aesthetics of exterior parts, and palladium, which has excellent corrosion resistance and wear resistance. These factors are expected to contribute to market growth. In addition, the increasing adoption of technologically advanced vehicles is expected to drive market growth. However, global car production fell 5.2% compared to 2018 due to lower sales in regions such as China and Europe.

Market segment

The metal finishing chemicals market is by chemical type (plating chemicals, proprietary chemicals, cleaning chemicals and chemical conversion chemicals), by material (aluminum, copper, zinc, nickel, chromium, etc.) and by process (anodic oxidation, carbonization, electricity). Divided by plating, polishing, plating, thermal or plasma spray coating and others), by end-user industry (automobile, industry, electronics, aerospace and defense, construction and others), and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional Overview

The Asia-Pacific region is expected to witness a significant CAGR during the forecast period due to the rapid expansion of the automotive industry and the growth of the region's industrial machinery end-use sector. Increased investment and production in the automotive industry, increased production of electrical and electronic products, a surge in demand for heavy machinery, and multinational investment in the industrial sector are key factors driving demand for metal finishes in the region. is. China is the largest automobile manufacturer in the world. China's automotive sector is preparing for product innovation, and the country is more focused on manufactured products to improve fuel economy and minimize emissions. In addition, Japan's metal finishing chemicals market is largely driven by increased use in the aerospace sector, which has grown significantly over the past few years due to government-sponsored technological and R & D advances.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific); Latin America (Brazil, Mexico, Argentina, and other Latin). USA); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy, Spain) , Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Leading Key Players on the Market

Leading key players on the metal finishing chemicals market include Atotech, Chemetall, Dow, ELEMENTIS PLC and McGean-Rohco Inc. The study includes a detailed competitive analysis of these leading companies in the metal finishing chemicals market, corporate profiles, recent developments, and key market strategies.

Detailed contents of the survey report
https://www.sdki.jp/reports/metal-finishing-chemical-market/114010

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This release was published on openPR.