According to the latest report by IMARC Group, titled “Metal Finishing Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global metal finishing chemicals market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Metal finishing chemicals are used to alter the substrate of an article and enhance its appearance and durability. Some common examples of these chemicals include acids and bases for etching, solvents and surfactants for cleaning, solutions for plating finish on the substrate, etc. They find extensive applications in the industrial sector to strengthen the substrate, develop wear resistance, minimize corrosion, etc. Metal finishing chemicals are also utilized in the automotive industry for improving chemical resistance, augmenting solderability, encouraging surface electrical conductivity, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Metal Finishing Chemicals Market Trends:
The surging levels of automobile sales across the globe are among the primary factors driving the metal finishing chemicals market. Moreover, the increasing demand for these chemicals in the aerospace industry, where they are used to improve the durability and strength of different parts, reduce manufacturing cycle times, maximize product yield, etc., is also propelling the global market. Additionally, the escalating growth across numerous industries, such as aviation, e-commerce, tourism, etc., is further catalyzing the product demand. Besides this, the rising requirement for consumer electronics is encouraging the adoption of these chemicals in the manufacturing of interlocks, connectors, junction fittings, lead wires terminals, printed circuit boards (PCBs), computer drive mechanisms, etc., which is also bolstering the market growth. In the coming years, the growing need for these products in jewelry production, enhancing the bond of adhesives and organic coatings, removing surface defects, etc., is expected to fuel the metal finishing chemicals market.
Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
Breakup by Product:
- Plating Chemicals
- Conversion Coatings
- Cleaning Chemicals
Breakup by Process:
- Electroless Plating
- Chemical and Electro Chemical Conversion
Breakup by Material:
- Precious Metals
Breakup by Application:
- Electrical and Electronics
Breakup by Region:
- Middle East and Africa
- North America
- Latin America
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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