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Metal Finishing Chemicals Market: Trends, Share, Size, Growth, Key Manufacturers Analysis(NOF Corporation, Element is PLC, Advanced Chemical Company, Atotech Deutschland GmbH) and Forecast By 2024
Global Metal Finishing Chemicals Market– Industry Trends and Forecast to 2024
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The Global Metal Finishing Chemicals Market accounted for USD 8.96billion in 2016 and is projected to grow at a CAGR of 4.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Metal Finishing Chemicals Market By Type (Plating, Conversion Coating, Cleaning)By Process (Electroplating, Electro-less Plating, Chemical & Electrochemical Conversion) By Material (Zinc, Nickel, Chromium, Aluminum, Copper, Precious Metals)By Application{Automotive, Electrical & Electronics, Industrial Machinery, Aerospace & Defense, Construction} – Industry Trends and Forecast to 2024
Competitive Analysis:
The global metal finishing chemicals market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Definition:
Metal finishing chemicals are used in both pre and post-treatment of metals. Surface preparation is a mandatory step in the metal finishing process. Metal finishing imparts durability, abrasion resistance, torque resistance, brightness, color and shine, solderability, tarnish resistance, chemical resistance, and hardness in final-stage production-ready metal components.There is a growing demand for metal finishing chemicals in automotive, electrical & electronics, industrial machinery, aerospace & defense and constructionindustrial activity, which is expected to be one of the major drivers of the market over the next seven years.
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Major Market Drivers:
• Growing demand in automotive sector
• Growing printed circuit board (PCB) demand in the electronics industry
• Demand of metal finishing chemicals in aerospace maintenance, repair and overhauls
Market Restraint:
• Replacement of metal by plastic
• Regulations on waste water management and hazardous waste disposal
Major Market Competitors
• The DOW Chemical Company,
• Platform Specialty Products Corporation,
• NOF Corporation,
• Element is PLC,
• Advanced Chemical Company,
• Atotech Deutschland GmbH,
• Chemetall,
• Coral Chemical Company,
• Houghton International, Inc.,
• Mcgean-Rohco, Inc.,
• A Brite Company,
• Coventya, C.Uyemura& Co., Ltd.,
• Grauer& Weil India Ltd.,
• Henkel Corporation,
• Industrial Metal Finishing, Inc.,
• Metal Finishing Technologies LLC,
• Quaker Chemical Corporation,
• Raschig GmbH,
• Wuhan Jadechem International Trade Co., Ltd.
• Many more.
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