The global metal finishing chemicals market exhibited moderate growth during 2015-2020.
Looking forward, the analyst expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Metal finishing chemicals are used to change the substrate of an article and improve its appearance and durability. They find application in the industrial sector to minimize corrosion, promote paint adhesion, strengthen substrate, increase wear resistance, and reduce friction effects. It is also employed in the automotive industry to increase solderability, improve chemical resistance, and enhance surface electrical conductivity. Some of the commonly utilized metal finishing chemicals include solvents and surfactants for cleaning, acids and bases for etching, and solutions for plating finish on the substrate.
Metal Finishing Chemicals Market Trends: The increasing sales of automobiles worldwide represents one of the key factors bolstering the market growth. Moreover, metal finishing chemicals are utilized in the aerospace industry to improve the durability and strength of different parts, reduce manufacturing cycle times, and maximize product yield. Due to improving living standards and the flourishing e-commerce and travel and tourism industries, significant growth in commercial aviation is also influencing the market growth. Apart from this, the rising demand for consumer electronics is promoting the adoption of metal finishing chemicals in the electronics industry for manufacturing connectors, interlocks, junction fittings, computer drive mechanisms, printed circuit boards (PCBs), lead wires terminals, and chassis memory drums and discs. Furthermore, on account of properties, including hardness and torque tolerance, the application of metal finishing chemicals is anticipated to expand in the production of jewelry. They help in shaping components, enhancing the bond of adhesives and organic coatings, and cleaning, polishing, and removing surface defects.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global metal finishing chemicals market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product, process, material and application.
Breakup by Product: Plating Chemicals Conversion Coatings Cleaning Chemicals Others
Breakup by Process: Electroplating Electroless Plating Chemical and Electro Chemical Conversion Others
Breakup by Application: Automotive Electrical and Electronics Aerospace Construction Others
Breakup by Region: North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being A Brite Company, Advanced Chemical Company, Atotech Deutschland GmbH, Chemetall GmbH, Coral Chemical Company, Dow Inc., Element Solutions Inc, Elementis plc, Henkel AG & Co. KGaA., Houghton International Inc. (Quaker Chemical Corporation), McGean-Rohco Inc. and NOF Corporation.
Key Questions Answered in This Report: How has the global metal finishing chemicals market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global metal finishing chemicals market? What are the key regional markets? What is the breakup of the market based on the product? What is the breakup of the market based on the process? What is the breakup of the market based on the material? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global metal finishing chemicals market and who are the key players? What is the degree of competition in the industry?
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