Global Metal Finishing Chemicals Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 4.4% over the forecast period 2020-2027.
Global Metal Finishing Chemicals Market
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Metal Finishing Chemicals Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Metal Finishing Chemicals Market overview
Metal finishing chemicals enhance the physical appearance and characteristics of the metal. These chemicals are mainly used in etch metallic, clean, and plate surfaces. Metal finishing chemicals have various unique properties that help to control or alter surface properties. These properties include tarnish resistance, hardness, chemical, and electrical conductivity, electrical and wear resistance, corrosion among others. Metal finishing chemicals are majorly used for electrochemical conversion, chemical conversion, and electroless plating. Some of the major applications of metal finishing chemicals are pickling, polishing, cleaning, de-greasing, and etching that are also used for supporting the process. The electroplating chemical process in metal finishing chemicals is the dominant segment in the metal finishing chemical market. The materials preferred for metal finishing are surfactants, chlorinated, and oxygenated solvents solutions for metal salts and bases among others. In the coming years, metallic coating processes such as vapor deposition and thermal spray coatings are also expected to gain greater significance.
Metal Finishing Chemicals Market Dynamics
The growing automotive industries are the leading factor driving the metal finishing chemical market. The increasing application of metal finishing chemicals in the automotive industries such as interior and exterior parts for the protection against corrosion and premature wear. It is also used to increase appearance by giving a smooth finish to the parts. The moisture in the atmosphere can damage the parts of the car as the moisture can cause corrosion. Thus, to avoid such damages it is necessary to protect the parts of the car from corrosion the manufacturers are offering innovative metal plating. They are widely used in shock absorbers, brake calipers, anti-vibration components, engine valves, front grills, fuel injection housing, piston, fluid engineering, piston rings, fasteners, gear, heat sink, car door handle, and plated aluminum wheel. The expansion of the automobile industry also made a positive impact on the metal finishing chemical market.
Government stringent policies and consumer awareness towards these products are restraining the market. Besides, environmental and eco-friendly law may slow down the metal finishing chemical market.
The increasing demand for durable and wear-resistant products is increasing the demand for the metal finishing chemical market. The plating chemicals are driving the growth of the metal finishing chemical market. These chemicals possess unique properties that are superior to traditional chemical methods. Besides, these chemicals have properties that include wear and corrosion resistance, hardness, and electrical conductivity on the surface of the metal. The cleaning segment is expected to witness the fastest growth owing to increasing applications in various industries such as in electrical & electronics, aerospace, and construction. This has made a positive impact on the metal finishing chemical market. Demand for other applications such as for machine tools, recreational tools, consumer durables is driving the metal finishing chemical market.
Global Metal Finishing Chemicals Market: Regional Analysis
The regional analysis of the global metal finishing chemicals market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Currently, the North American region followed by the Middle East & Africa, and Europe is expected to keep its dominance in the Metal Finishing Chemicals market over the forecast period. The growing demand for chemicals for metal finishing in this region is mainly driven by their increased use in the automotive and electrical & electronics industries. Europe is the second-largest user and producer of metal-finishing chemicals. This has made a positive impact on the metal chemical finished market in this region. The Middle East & Africa due to the increasing electrical & electronics industry, is the fastest-growing region after the Asia-Pacific region. The Asia-Pacific region is a growing region in the market for metal finishing chemicals, driven primarily by rising demand from the automotive industry and also from the growing end-use industry for industrial machinery.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The report has covered the key players’ analysis on the basis of their financials, market penetration, market share and Investment etc. The report will help reader to understand exactlywhere the companies are positioned in the market depending upon all above criteria. The growing market size and demand for durable wear resistant material is increasing the demand for finishing and polishing chemicals.
In 2020, the market was devastating at some points, many key players such as Dow chemical company, NOF Corporation lost it sales revenue by 9.7% and 4.3% respectively in 2020, and EPS of key players were reduced too. The corpus raised from financing activities is utilized for investing activities, metals are playing vital role in industries mainly in construction and Automobiles.
Several key players have coupled with construction industries and Automobile industries to directly act as a vendor/manufacturer for the industry for example: Houghton International Inc. and Quaker Chemical Company has move forward together as Quaker Houghton, when the companies partnered, they doubled their revenues and adjusted EBITDA. The market today needs a catalyst such as the increasing rates of commodity market. In forecast period, the rates of the metals are going to affect the market, durability is set by chemicals in turn market value is expected to grow.
The analysis explains the forecast for the minor key players to advice for JV’s and subsidiaries agreements.
The objective of the report is to present a comprehensive analysis of the Global Metal Finishing Chemicals Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Metal Finishing Chemicals Market dynamics, structure by analyzing the market segments and project Global Metal Finishing Chemicals Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Metal Finishing Chemicals Market make the report investor’s guide.
Scope of Global Metal Finishing Chemicals Market
Global Metal Finishing Chemicals Market Segmentation by Type
• Conversion Coating
Global Metal Finishing Chemicals Market Segmentation by Material
Global Metal Finishing Chemicals Market Segmentation by Process
Global Metal Finishing Chemicals Market Segmentation by End Use
• Electrical & Electronics
Global Metal Finishing Chemicals Market Segmentation by Region
• North America
• South America
• Middle East & Africa
Global Metal Finishing Chemicals Market Major Players
• Atotech Deutschland GmbH
• The Dow Chemical Company
• Elementis plc
• Platform Specialty Products Corporation
• Advanced Chemical Company
• Coral Chemical Company
• Houghton International, Inc.
• McGean-Rohco, Inc.
• NOF Corporation
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