Metal Finishing Chemicals Market on Track for Strong Growth, Estimated to Grow at 8.2% CAGR Through 2029

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What Is the Expected CAGR for the Metal Finishing Chemicals Market Through 2025?
In recent years, the market size of metal finishing chemicals has seen robust growth. The market is expected to expand from its valuation of $13.15 billion in 2024 to reach $14.09 billion by 2025, marking a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth in the past include manufacturing growth, renewable energy, environmental regulations, and advancements in the automotive and electronics industries.

What's the Projected Size of the Global Metal Finishing Chemicals Market by 2029?
The market for metal finishing chemicals is set to experience robust expansion in the forthcoming years, with projections showing its value to reach $19.32 billion in 2029, advancing at a compound annual growth rate (CAGR) of 8.2%. The surge predicted for the forecast period is connected to its applications in areas such as aerospace, consumer products, healthcare apparatus, additive production, and space exploration. In the forecast window, key trends include progress in corrosion defense, eco-friendly technologies, vehicle electrification, advanced alloys, microelectronics, and nanotech.

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Top Growth Drivers in the Metal Finishing Chemicals Industry: What's Accelerating the Market?
The global rise in vehicle sales is predicted to spur the expansion of the metal-finishing chemicals sector. The uptick in car sales, stimulated by swift urbanization and multinational automobile companies broadening their reach in emerging countries, drives this growth. Different metal coatings like zinc and nickel are used to finish auto parts, making them resistant to corrosion and friction. As per the data released by the Society of Motor Manufacturers and Traders, a UK-based trade firm, there was an 11.7% boost in UK car production in the first half of 2023, tallying up to 450,168 units. June reported a 16.2% increase, marking the fifth straight month of growth. Since the beginning of the year, factories have churned out 47,037 additional units, predominantly fueled by a 13.6% upswing in exports, making up 359,940 units or 80% of the total output. Domestic volumes experienced growth as well, with UK production surging by 4.5% to 90,228 units. As a result, the global surge in automobile sales is propelling the expansion of the metal finishing market.

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What Trends Will Shape the Metal Finishing Chemicals Market Through 2029 and Beyond?
A prominent trend that is gaining traction in the metal finishing chemicals sector is that of product innovations. To augment the capabilities of their offerings and to deliver top-notch products, firms in this industry are increasingly introducing improved versions of previous goods. For instance, in June 2022, SIFCO ASC, an American firm specializing in electroplating and anodizing solutions, unveiled its all-in-one plating technology system that is conveniently portable. This ground-breaking electroplating solution can be transported directly to a particular part or component. This not only optimizes throughput and productivity, but it also significantly bolsters safety by minimizing ergonomic dangers for operators and staff members. With two available sizes, Nano and Prime, the ASCS is designed to augment the benefits of selective plating, comprising in-situ repairs and reduced masking and downtime.

What Are the Main Segments in the Metal Finishing Chemicals Market?
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

Subsegments:
1) By Plating Chemicals: Electroplating Chemicals, Electroless Plating Chemicals, Zinc Plating Chemicals
2) By Cleaning Chemicals: Aqueous Cleaning Chemicals, Solvent-Based Cleaning Chemicals, Acidic Cleaning Chemicals
3) By Conversion Coating: Phosphate Coatings, Chromate Coatings, Anodizing Chemicals
4) By Proprietary Chemicals: Custom Formulated Chemicals, Specialty Coatings And Finishes
5) By Other Types: Rust Inhibitors, Surface Treatment Chemicals, Buffing And Polishing Compounds

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Which Top Companies are Driving Growth in the Metal Finishing Chemicals Market?
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.

Which Regions Will Dominate the Metal Finishing Chemicals Market Through 2029?
North America was the largest region in the metal finishing chemicals market in 2024. 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.

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