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Metal Finishing Chemicals Market

Market Study on Metal Finishing Chemicals: Demand to Rise Steadily from Electrical & Electronics Industry

Metal Finishing Chemicals Market Segmented By Plating Chemicals, Cleaning Chemicals, Conversion Coating, Proprietary Chemicals Type in Zinc, Nickel, Chrome, Copper, Gold, Silver, Platinum Material with Electroplating, Plating, Polishing, Anodizing Process

Metal Finishing Chemicals Market Outlook (2022-2032)

The valuation of the global metal finishing chemicals market stands at US$ 11.2 Bn in 2022 and is predicted to reach US$ 18 Bn by 2032. Further, the growth rate in the industry is estimated at a CAGR of 4.8% through 2032.

Based on type, plating chemicals hold a dominating position with 39.7% share of the metal finishing chemicals market.

Metal Finishing Chemicals Market Size (2022E)

US$ 11.2 Bn

Projected Market Value (2032F)

US$ 18 Bn

Global Market Rate Growth (2022-2032)

4.8% CAGR

Value Share of North America (2021A)

26%

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What are the Demand Opportunities in the Metal Finishing Chemicals Market?

“Increasing Demand for Metal Finishing Chemicals from Electrical & Electronics Industry”

At present, there is a rapid increase in the demand for metal finishing chemicals from the industry of electrical & electronics due to their growing use. In addition, the automotive industry is also driving demand avenues in the global market.

Metal finishing chemicals are commonly applied in the finishing of electronic devices and printed circuit boards that are expected to bolster demand opportunities in the market.

“Growing Use of Metal Finishing Chemicals for Degreasing and Cleaning of Metal Substrates”

Metal finishing chemicals are generally used at an increased rate to clean and degrease metal substrates, for instance, nickel, aluminum, and steel. In addition, there is a rising demand for metal finishing chemicals from aerospace and automotive equipment. So, based on these growing applications, the market is likely to progress at a significant speed in the coming years.

“Use in Aerospace Industry to Remain High”

Aerospace is anticipated to be the fastest-growing industry in the metal finishing chemicals market. The demand in the aerospace industry is huge owing to increased demand for cleaning and degreasing of equipment. Other end-user industries where metal finishing chemicals are used are industrial machinery and transportation equipment. However, environmental and workplace regulations associated with metal finishing chemicals, which are considered one of the most toxic industries are likely to hinder the growth of the market over the coming years.

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How is Market Expansion Being Restrained?

“Requirement for Hazardous Waste Disposal to Limit Market Opportunities”

There is a requirement for the disposal of hazardous waste. In addition, metal finishing chemicals also need wastewater management facilities which are likely to limit growth avenues in the global market.

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Which Region Contributes Majorly to Product Demand?

“Rising Demand for Products from Aerospace Industry in North America”

Based on demand, North America is anticipated to hold the leading position in the metal finishing chemicals market in the years ahead. The dominance of the region is attributed to the growing demand for these products from the aerospace industry. However, the implementation of stringent regulations in the region related to the industry of metal finishing because of its highly sensitive nature is expected to limit growth opportunities in the regional market.

Europe follows North America in terms of demand opportunities in the global market. The increasing demand for these products from the automotive and manufacturing industry is likely to serve as a pivotal factor to contribute to expansion opportunities in the regional market. The UK and Germany are the leading countries that hold the largest share in the regional market.

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Recent Market Development

  • Pioneer Metal Finishing LLC, in November, purchased Electrochem Solutions Inc. The purchase aims to expand the company’s footprint on the U.S. West Coast and strengthen its capabilities in metal finishing.

Overview of Metal Finishing Chemicals

Metal finishing chemicals are used to clean, plate, and etch metallic surfaces which enhance their physical appearance and characteristics. Metal finishing chemicals help to alter/control various surface properties such as corrosion resistance, tarnish resistance, electrical and wear resistance; reflectivity and appearance, hardness, chemical resistance, and electrical conductivity, among others.

Electrolytic plating, chemical conversion, electroless plating, and electrochemical conversion are the majorly used processes in metal finishing chemical industries. De-greasing, pickling, etching, polishing, and cleaning are the supporting processes that are used along with the above-mentioned processes.

Materials preferred for metal finishing are chlorinated and oxygenated solvents, surfactants, solutions of metal salts, and acids and bases among others. The electroplating chemical process dominated the metal finishing chemicals market followed by the electroless plating and galvanization process. Metallic coating processes such as vapor deposition and thermal spray coatings are also likely to gain more importance in the coming years.

Key Industry Players

The market for metal finishing chemicals is fragmented. However, it is dominated by large manufacturers with a global presence. Some of the key manufacturers of metal finishing chemicals are Advanced Chemical Company, Atotech Deutschland GmbH, Coral Chemical Co., C. Uyemura & Co. Ltd., Lonza Group, McGean Specialty Chemicals Group, and Quaker Chemicals Corp.

Metal Finishing Chemicals Industry Report Scope

Attribute

Details

Forecast period

2022-2032

Historical data available for

2017-2021

Market analysis

USD million for value

Key regions covered

  • North America
  • Europe
  • Latin America
  • East Asia
  • The Middle East & Africa
  • South Asia & Pacific

Key countries covered

  • U.S.
  • Canada
  • UK
  • Germany
  • France
  • Spain
  • Turkey
  • Italy
  • Japan
  • China
  • India
  • South Korea
  • Brazil
  • Chile
  • Colombia
  • Colombia
  • South Africa
  • UAE

Key market segments covered

  • Type
  • Materials
  • Process
  • End-use Industry
  • Region

Key companies profiled

  • Advanced Chemical Company
  • Atotech Deutschland GmbH
  • Coral Chemical Co.
  • C. Uyemura & Co. Ltd.
  • Lonza Group
  • McGean Specialty Chemicals Group
  • Quaker Chemicals Corp.

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Metal Finishing Chemicals Industry Research by Category

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 Industry:

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

By Region:

  • North America
  • Europe
  • Latin America
  • East Asia
  • The Middle East & Africa
  • South Asia & Pacific

- Companies Covered in This Report -

  • Advanced Chemical Company
  • Atotech Deutschland GmbH
  • Coral Chemical Co.
  • C. Uyemura & Co. Ltd.
  • Lonza Group
  • McGean Specialty Chemicals Group
  • Quaker Chemicals Corp.

- Frequently Asked Questions -

The global metal finishing chemicals market is valued at US$ 11.2 Bn in 2022.

Sales of metal finishing chemicals are set to increase at a CAGR of 4.8% through 2032.

Plating chemicals dominate with 39.7% share of the global market.

North America accounts for around 26% share of the worldwide market.

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