Metal Finishing Chemicals Market Size, Share, Report 2023-28

Metal Finishing Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4372

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Market Overview:

The global metal finishing chemicals market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

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.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global metal finishing chemicals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, process, material and application.

Breakup by Product:

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Plating Chemicals
Conversion Coatings
Cleaning Chemicals
Others

Breakup by Process:

Electroplating
Electroless Plating
Chemical and Electro Chemical Conversion
Others

Breakup by Material:

Zinc
Nickel
Chromium
Aluminum
Copper
Precious Metals
Others

Breakup by Application:

Automotive
Electrical and Electronics
Aerospace
Construction
Others

Breakup by Region:

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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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product, Process, Material, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global metal finishing chemicals market was valued at US$ 10.8 Billion in 2022.

We expect the global metal finishing chemicals market to exhibit a CAGR of 4.7% during 2023-2028.

The rising demand for metal finishing chemicals across the automotive industry, as they aid in increasing solderability, improving chemical resistance, enhancing surface electrical conductivity, etc., is primarily driving the global metal finishing chemicals market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of various end-use industries for metal finishing chemicals.

Based on the product, the global metal finishing chemicals market has been segmented into plating chemicals, conversion coatings, cleaning chemicals, and others. Currently, plating chemicals hold the majority of the total market share.

Based on the process, the global metal finishing chemicals market can be divided into electroplating, electroless plating, chemical and electro chemical conversion, and others, where electroplating currently exhibits a clear dominance in the market.

Based on the material, the global metal finishing chemicals market has been bifurcated into zinc, nickel, chromium, aluminum, copper, precious metals, and others. Currently, zinc accounts for the largest market share.

Based on the application, the global metal finishing chemicals market can be categorized into automotive, electrical and electronics, aerospace, construction, and others. Among these, automotive exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global metal finishing chemicals market 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.

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