Metal Finishing Chemicals Global Market Report 2024 by The Business Research Company | McGean-Rocho Inc., Atotech Deutschland GmbH, Advanced Chemical Company, Asterion LLC, Quaker Houghton Corporation, A Brite Company, DOW Chemicals, Coral Chemical Compan

The metal finishing chemicals market size has grown strongly in recent years. It will grow from $12.31 billion in 2023 to $13.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to manufacturing growth, renewable energy, environmental regulations, automotive industry, electronics.

The metal finishing chemicals market size is expected to see strong growth in the next few years. It will grow to $17.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to aerospace applications, consumer goods, healthcare equipment, additive manufacturing, space exploration. Major trends in the forecast period include advancements in corrosion protection, green technologies, electrification of vehicles, advanced alloys, microelectronics and nanotechnology.

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Metal Finishing Chemicals Market Major Segments
The metal finishing chemicals market covered in this report is segmented -

1) By Type: Plating Chemicals, Cleaning Chemicals, Conversion Coating, Proprietary Chemicals, Other Types
2) By Material: Zinc, Nickel, Chrome, Copper, Gold, Silver, Platinum, Other Materials
3) By Process: Electroplating, Chemical and Electro-chemical Conversion, Electroless Plating, Other Process
4) By End-Use Industry: Automotive, Electrical and Electronics, Industrial Machinery, Construction, Aerospace and Defense, Other End Users

Key Driver - Rising Automobile Sales Propel Growth In The Metal-Finishing Chemicals Market

The increasing sales of automobiles worldwide are expected to drive the growth of the metal-finishing chemicals market. The growth in automobile sales is driven by rapid urbanization and the expansion of global auto manufacturers in developing nations. Automobile parts are finished using various coatings of metals such as zinc., and nickel that keeps the automotive parts corrosion-free and resistant to rubbing against each other. According to U.S. News & World Report, an American media company, in 2021, the number of new automobiles sold in the USA was slightly more than 15 million, a 3.4% increase over the year 2020. Thus, the increased sales of automobiles are anticipated to positively impact the growth of the metal finishing chemicals market.

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Prominent Trend - Innovations In Metal Finishing Chemicals

Product innovations are a key trend gaining popularity in metal finishing chemicals. Companies in the metal finishing chemicals are launching the improved version of a previous good to enhance its capabilities and provide the best product in the market. For instance, in December 2021, SIFCO ASC, a US-based provider of selective electroplating and anodizing services, launched Encapsulated Plating, a new-to-market electroplating technique. The new method combines the best of both previous processes to provide a long-term solution for plating complex, circular, or axis-symmetric elements such as deep bores or recessed sections. The procedure has the same benefits as selective plating in that it minimizes masking, decreases the reliance on submerging an entire item, generates minimum waste, and maintains a fast-plating rate.

Metal Finishing Chemicals Market Players
Major companies operating in the metal finishing chemicals market include McGean-Rocho Inc., Atotech Deutschland GmbH, Advanced Chemical Company, Asterion LLC, Quaker Houghton Corporation, A Brite Company, DOW Chemicals, Coral Chemical Company, Elementis plc, Raschig GmbH, Chemetall GmbH, Coventya Chemical Company, Platform Specialty Products Corporation, BASF SE, Element Solutions Inc., Henkel AG & Co. KGaA, C. Uyemura & Co. Ltd., Honeywell International Inc., Linde plc, OC Oerlikon Management AG, Sequa GmbH, Houghton InternationalIInc., Interplex Holdings Pte. Ltd., Kuntz Electroplating Inc., Pioneer Metal Finishing Inc., Roy Metal Finishing Inc., Bajaj Electroplaters Pvt. Ltd., MacDermid Enthone Industrial Solutions, Pavco Inc., Technic Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the metal finishing chemicals market in 2023. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metal finishing chemicals market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Metal Finishing Chemicals Market Report Structure
3. Metal Finishing Chemicals Market Trends And Strategies
4. Metal Finishing Chemicals Market - Macro Economic Scenario
5. Metal Finishing Chemicals Market Size And Growth
…..
27. Metal Finishing Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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