Overview and Scope
The metal finishing chemicals are used for electroplating or treating metal parts. Metal finishing chemicals are used to form a thin coating on metals to enhance their appearance, increase marketability, enhance corrosion and wear resistance, add value, and improve the function or performance of the product. The common chemicals used as metal finishing chemicals are chromic acid, ammonia, hydrochloric acid, nitric acid, hydrofluoric acid, sulfuric acid, phosphoric acid, and sodium hydroxide.
Sizing and Forecast
The metal finishing chemicals market size has grown strongly in recent years. It will grow from <b>$12.31 billion in 2023 to $13.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. </b> 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 <b>$17.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. </b> 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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Segmentation & Regional Insights
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
<b>North America</b> was the largest region in the metal finishing chemicals market in 2023. The <b>Asia-Pacific</b> 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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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the metal finishing chemicals market include <b> 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. </b>
The metal finishing chemicals market report table of contents includes:
1. Executive Summary
2. Metal Finishing Chemicals Market Characteristics
3. Metal Finishing Chemicals Market Trends And Strategies
4. Metal Finishing Chemicals Market – Macro Economic Scenario
5. Global Metal Finishing Chemicals Market Size and Growth
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31. Global Metal Finishing Chemicals Market Competitive Benchmarking
32. Global Metal Finishing Chemicals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Metal Finishing Chemicals Market
34. Metal Finishing Chemicals Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
McGean-Rocho Inc.
Atotech Deutschland GmbH
Advanced Chemical Company
Asterion LLC
Quaker Houghton Corporation
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