Metal Finishing Chemicals Market Growth, Outlook, Demand, Key player Analysis and Opportunity 2022-2027

IMARC Group's latest report, titled "Metal Finishing Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global metal finishing chemicals market size reached US$ 10.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2027, exhibiting a growth rate (CAGR) of 4.8% during 2022-2027.

Metal finishing involves placing some metal coating on the surface of a metallic part, typically referred to as a substrate. Metal finishing chemicals are applied to treat the surface of metal products by forming a thin coating to improve the product's appearance, function, or performance, give added value, or increase marketability. In the automotive industry, these chemicals are used to preserve the automotive interior and exterior parts from corrosion and premature wear. These are also used to enhance the appearance of the pieces by smoothing them out. The moisture in the air can cause corrosion and, as a result, damage the metal sections of the car. As a result, automotive manufacturers offer metal coating to protect automotive metal parts from corrosion. These are widely used in the automotive, electronics, aerospace, hardware, jewelry, and telecommunications industries.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

• A Brite Company
• Advanced Chemical Company
• Chemetall GmbH
• Coral Chemical Company
• Dow Inc
• Element Solutions Inc
• Elementis plc
• Henkel AG & Co. KGaA
• Houghton International Inc
• (Quaker Chemical Corporation)
• McGean-Rohco Inc
• NOF Corporation

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Metal Finishing Chemicals Market Trends:

The global market is majorly driven by the increasing product demand in aerospace maintenance, repair, and overhauls. In line with this, the rising demand for bio-based cleaning chemicals and rapid urbanization are other growth-inducing factors. Furthermore, the growing product uptake in the polishing and electroplating processes is significantly contributing to the market growth. This is attributed to its ability to offer high corrosion, wear resistance, and durability while improving its appearance. Apart from this, the significant growth in the automotive industry and the escalating demand for wear-resistant and durable products are positively influencing the market. Moreover, the augmenting need for flawlessly polished metal in construction machinery, electrical equipment, and machinery components is catalyzing product adoption. Besides, supportive government initiatives, coupled with individuals' inflating disposable incomes, are propelling the market. Additionally, the widespread usage of metal finishing chemicals in tanks and armored personnel carriers in the defense industry to meet the demands for challenging environmental conditions is further providing a boost to the market.

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Key Market Segmentation:

Breakup by Product:

• Plating Chemicals
• Conversion Coatings
• Cleaning Chemicals
• Others

Breakup by Process:

• Electroplating
• Electroless Plating
• Chemical and Electro Chemical Conversion
• Others

Breakup by Material:

• Zinc
• Nickel
• Chromium
• Aluminum
• Copper
• Precious Metals
• Others

Breakup by Application:

• Automotive
• Electrical and Electronics
• Aerospace
• Construction
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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