Metal Finishing Market to reach US$ 15.5 Bn by 2030 growing at CAGR of 3.5% – according to ChemView Consulting’s Analyst

According to a research survey conducted by ChemView Consulting, in 2022, the Global Metal Finishing Market was worth US$ 11.8 Bn and is expected to grow at a CAGR of 3.5% over the forecast period. The market is expected to hit US$ 15.5 Bn by 2030 end.

Metal finishing chemicals preserve automobile interior and exterior parts against premature wear and corrosion. These chemicals are also used to improve the look of the parts by giving them a smooth surface.

The automotive industry is one of the most important industries for metal finishing. This procedure coats numerous vehicle components, including power steering systems, under-the-hood components, engines, and many other parts, to provide scratch resistance and improve their look.

Metal Finishing Market 2017-2030: Report Key Highlights:

  • Detailed information on factors that will assist Global Metal Finishing growth during the next eight years
  • Assessment of the historical and current Global Metal Finishing Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

For More Details Visit Our Report Page:

Key Takeaways

By Type: Plating chemicals lead the market, accounting for 40.0% of the total market share, and are expected to increase at a CAGR of 4.2% over the forecast period. These plating chemicals are both cost-effective and provide superior electrical insulation.

The effectiveness supports additional demand in improving product aesthetics, low friction, corrosion and dust resistance, abrasion resistance, and the strong demand in end-user industrial applications such as construction, automotive, and so on.

By Process: Electroplating dominates the market, accounting for 24.6% of the total metal finishing chemicals market, and is expected to grow at a CAGR of 5.0% during the forecast period. It has good corrosion resistance and is utilized as a surface lubricant to minimize friction, resulting in the market’s rise in the upcoming years.

The rise is mostly due to electroplating being the most cost-effective way of producing non-reactive and reactive materials.

By Application: Automotive is expected to be the fastest-growing application category during the projected period, owing to the rising demand and production of commercial and passenger cars in emerging markets. The expanding automobile sector results from rising disposable income and government initiatives and laws promoting growth.

By Region: North America’s metal finishing chemicals market has the greatest market share of 26.2%. During the forecast years, the area is expected to grow at a CAGR of 3.7%. The increasing need for metal finishing chemicals and their increased use in the electronics and electrical sectors are driving demand in the North American area.

Established market players in the area are expected to promote demand and growth in the metal finishing chemicals market in the coming years.

Competition Summary

Because of several local and regional competitors, the global metal finishing chemicals market is highly fragmented and competitive. Key players use various marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.

Leading organizations use new product creation as a strategic way to increase their market presence among customers.

Key companies covered in the market study are A Brite Company, PciChemicals.Com, KCH Services Inc., Advanced Chemical Company, DuPont, Atotech, BASF SE, Coral, Elements Plc, McGean-Rohco Inc., Wuhan Jadechem International, Trade Co. Ltd.

Segments Covered in Report

By Type:

  • Plating Chemicals
  • Cleaning Chemicals
  • Conversion Coating
  • Proprietary Chemicals
  • Other Chemicals

By Material:

  • Zinc
  • Nickel
  • Chrome
  • Copper
  • Gold
  • Silver
  • Platinum
  • Others

By Process:

  • Electroplating
  • Plating
  • Polishing
  • Anodizing
  • Thermal or Plasma Spray Coating
  • Others

By End-Use:

  • Automotive
  • Electrical & Electronics
  • Industrial Machinery
  • Construction
  • Aerospace & Defense
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

About ChemView Consulting’s Chemicals & Materials Domain

ChemView Consulting’s chemicals & materials domain provides unique, reliable, and in-depth analysis of the chemicals and materials business with the help of its in-house and experienced analysts and subject matter experts. The comprehensive coverage includes bulk, fine, specialty, petrochemicals, innovative materials, composites, and nanotechnology, focusing on “green alternatives,” recycling, and renewable technology advances. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for chemical manufacturers, research institutes, channel partners, and government agencies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

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