Global Metal Finishing Chemicals Market Expansion at 7.9% CAGR, Valued at $18.78 Billion by 2029

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What Are the Metal Finishing Chemicals Market Size Forecast for 2025?
The market size of metal finishing chemicals has experienced robust expansion in the past few years. It is projected to expand from a valuation of $13.15 billion in 2024 to reach $13.87 billion in 2025, recording a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this growth in the historic period include developments in manufacturing, renewable energy, environmental rules and regulations, the automotive industry, as well as the electronics sector.

What Is the Market Size Outlook for Metal Finishing Chemicals Until 2029?
Anticipated to witness robust growth in the upcoming years, the metal finishing chemicals market is predicted to increase to a value of $18.78 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.9%. This market expansion in the predicted period is largely due to its applications spanning from aerospace, consumer goods, healthcare equipment, to additive manufacturing and space exploration. The forecast period is also likely to see key trends such as improvements in corrosion protection, the advent of green technologies, vehicle electrification, advanced alloys, as well as microelectronics and nanotechnology.

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What Are the Major Factors Driving Demand in the Metal Finishing Chemicals Market?
Global automobile sales are on the rise, which is expected to spur the expansion of the metal-finishing chemicals market. The upswing in the auto sales market can be attributed to fast-paced urbanization and the strategic moves of global auto manufacturers to penetrate developing countries. Various metal coatings such as zinc and nickel are useful to keep automobile parts free from corrosion and prevent them from grating against each other. For instance, in July 2023, the Society of Motor Manufacturers and Traders, a trade association based in the UK, released reports indicating a 11.7% growth in UK car production in the first half of 2023, totaling 450,168 units. June experienced a 16.2% surge, marking the fifth month of consistent growth. The production of an additional 47,037 units since January was largely due to a 13.6% burst in exports, which represented 359,940 units or 80% of the total production. Moreover, volumes for domestic consumption saw an upward swing, as production in the UK rose by 4.5% to 90,228 units. Hence, the continued rise in worldwide automobile sales is fueling the expansion of the metal finishing market.

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How Are End-Use Segments Shaping the Metal Finishing Chemicals Market Outlook?
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

What Are the Strategic Trends Transforming the Metal Finishing Chemicals Market Landscape?
Advancements in product design are becoming a growing trend in the metal finishing chemicals industry. Firms in this sector are introducing upgraded versions of previous products to improve their functions and offer superior products in the market. For instance, in June 2022, SIFCO ASC, a company based in the US that offers electroplating and anodizing services, introduced a handheld all-in-one plating system. This innovative electroplating solution is entirely mobile, enabling it to be taken directly to the particular part or component. Besides boosting throughput and productivity, it substantially increases safety by mitigating ergonomic risks to operators and workers. The ASCS is available in two sizes, Nano and Prime, both of which are designed to enhance the benefits of selective plating, including onsite repairs and decreased masking and downtime.

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Who Are the Prominent Companies in the Metal Finishing Chemicals Market by ?
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 Region Is Expected to See the Highest CAGR in the Metal Finishing Chemicals Market?
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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