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Projected Growth and Trends in the Metal Finishing Chemicals: Market Size Figures, Driving Forces, and Key Players
Projected Growth and Trends in the Metal Finishing Chemicals
What Is The Projected Market Size Of The Global Metal Finishing Chemicals And Its Growth Rate?
• The metal finishing chemicals market size experienced a steady growth from $13.15 billion in 2024 to $14.09 billion in 2025, representing a compound annual growth rate (CAGR) of 7.2% powered by manufacturing growth, renewable energy, environmental regulations, automotive industry, and electronics.
• A positive outlook is perceived in the coming years, with projected growth to $19.32 billion in 2029 at a CAGR of 8.2%. This growth is associated with aerospace applications, consumer goods, healthcare equipment, additive manufacturing, and space exploration.
What Is Driving The Growth In The Metal Finishing Chemicals?
The surge in automobile sales worldwide significantly contributes to the growth of the metal-finishing chemicals market. The increase in automobile sales springs from rapid urbanization and the expansion of global auto manufacturers into developing regions. Automobile components are enhanced with various metal coatings such as zinc, and nickel, providing corrosion resistance and reducing friction between parts. For instance, the Society of Motor Manufacturers and Traders reported in July 2023 that UK car production increased by 11.7% in the first half of 2023, resulting in 450,168 units produced, marking five consecutive months of growth. In this context, the growth of metal finishing chemicals market emerges as a direct result of the global increase in automobile sales.
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Who Are the Key Players Driving Metal Finishing Chemicals Growth?
• 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.
What Are The Key Trends In The Metal Finishing Chemicals?
Key trends in the market include:
• Advancements in corrosion protection
• Evolution of green technologies
• Electrification of vehicles
• Development of advanced alloys
• Progress in microelectronics and nanotechnology
What Are The Segments Of The Global Metal Finishing Chemicals?
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
Which Region Leads The Metal Finishing Chemicals?
North America was the largest region in the metal finishing chemicals market in 2024, with the Asia-Pacific anticipated to be the fastest-growing region in the forecast period. The regions covered in the metal finishing chemicals' market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Metal Finishing Chemicals Global Market Report?
- Market Size Analysis: Analyze the Metal Finishing Chemicals size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Metal Finishing Chemicals for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Metal Finishing Chemicals growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Metal Finishing Chemicals.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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