Metal Finishing Chemicals Market
PUBLISHED: 2023 ID: SMRC22594
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Metal Finishing Chemicals Market

Metal Finishing Chemicals Market Forecasts to 2028 - Global Analysis By Raw Material (Chromium, Zinc, Aluminum, Nickel, Gold, Silver, Precious Metals, Copper and Other Raw Materials), Process (Electroplating, Electroless Plating, Chemical & Electro Chemical Conversion, Anodizing, Carbonizing, Electroplating, Polishing, Thermal or Plasma Spray Coating and Other Processes), Product, Application, End User and By Geography

4.6 (57 reviews)
4.6 (57 reviews)
Published: 2023 ID: SMRC22594

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $11.7 BN

Projected Year Value (2028)

US $14.2 BN

CAGR (2022 - 2028)

3.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Metal Finishing Chemicals Market is accounted for $11.7 billion in 2022 and is expected to reach $14.2 billion by 2028 growing at a CAGR of 3.2% during the forecast period. Metal finishing is the technique involved in applying an emulsifier to an object's surface to alter it in order to increase its durability or aesthetic appeal. Metal finishing chemicals are used to treat the surface of metal products by forming a thin coating to enhance the appearance, function or performance of the product, give added-value or increase marketability. It increase durability and improves decorative appeal. It enhances electrical conductivity and creates higher electrical resistance, chemical resistance and tarnish resistance. They are widely used in automotive, electronics, aerospace, hardware, jewellery and telecommunications industries.



Market Dynamics:

Driver:

Growing automotive industry

Metal finishing chemicals are employed in the automobile sector to plate a variety of components. Chemicals used in metal polishing prevent corrosion and premature wear on interior and exterior car components. These substances are also utilized to improve appearance by smoothing down the edges of the portions. Manufacturers provide cutting-edge metal plating to shield the metal components of automobiles against rust. These elements are propelling the market demand.

Restraint:

Requirement for hazardous waste disposal

Disposing of undesirable by-products has become more challenging and expensive due to federal and state waste restrictions. Due to the variety of chemicals and compounds present, metal finishing chemicals require complex and specialist handling. The necessity for wastewater management facilities and the need to dispose of hazardous waste are anticipated to restrict development opportunities in the global market.

Opportunity:

Raising investments and government policies

Due to growing environmental concerns, the government is introducing a number of beneficial regulations to encourage the development of plating chemicals to improve fuel efficiency and reduce emissions. Because to the expansion of several end-use industries, including the automotive, aerospace, construction, and electronics sectors, multinational corporations are spending heavily in metal finishing chemicals. These factors are promoting market expansion.

Threat:

Substitution of metals by plastics

Plastic components can survive up to six times as long as metal equivalents. Such longevity improves the final items' quality and customer value. Shipping and delivery expenses can be significantly decreased because plastic is considerably lighter than metal. The market's growth is being hampered by its benefits, such as high strength, continuous dependability, and lead-free solutions.

Covid-19 Impact

During the worldwide corona virus pandemic phase, there was a severe scarcity of PCBs, semiconductor chips, and automotive sales across several economies. These factors are predicted to restrain the expansion of the metal finishing chemicals market during the allotted time period. However, relaxing lockdown regulations would give the market's overall expansion a significant boost.

The automotive segment is expected to be the largest during the forecast period

The automotive segment is estimated to have a lucrative growth, due to its corrosion protection and durability. Automotive components are finished using various materials such as zinc-nickel for corrosion protection, enhancing appearance of exterior parts and palladium for excellent wear resistance. Metal finishing chemicals are used in various applications such as shock absorbers, heat sinks, gears, cylinders, and capacitors. These aspects are driving the segment’s growth.

The electroplating segment is expected to have the highest CAGR during the forecast period

The electroplating segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its cost efficiency. Electroplating provides high resistance to corrosion and is used as a surface lubrication to reduce friction. It improves overall quality and increases longevity of the substrate. Electroplating protect against premature tarnishing in certain kinds of metals and retain their attractiveness over time which is fuelling the segment’s growth.

Region with largest share:

Europe is projected to hold the largest market share during the forecast period owing to the presence of large number of automobile manufacturing companies. Europe is the second-largest consumer and manufacturer of metal finishing chemicals, globally. The metal finishing chemicals are mostly used in the automobile sector for painting and cleaning purposes. The growing population using automotives is driving the market demand in this region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the growing industrial machinery sector. Automotive and electrical & electronics are the top two end-use industries contributing to the growing demand for metal finishing chemicals. This region is predicted to grow with the rise in the demand for the product in automobile, aerospace and electronics industry.



Key players in the market

Some of the key players profiled in the Metal Finishing Chemicals Market include Advanced Chemical Company, Coral Chemical Company, Atotech Deutschland GmbH, DOW Chemicals, Platform Specialty Products Corporation, DuPont, A Brite Company, Elementis PLC, Quaker Chemicals, McGean-Rocho Inc, Raschig GmbH, Asterion LLC, COVENTYA International, Houghton International Inc, Grauer & Weil (India) Limited, C.Uyemura & CO LTD, Henkel Adhesives Technologies India Private Limited, Wuhan Jadechem International Trade Co, Industrial Metal Finishing, Inc and NOF Corporation.

Key Developments:

In March 2021, DuPont acquired Laird Performance Materials. This acquisition will help in advancing the strategy and developing expertise in applications in engineering capabilities coupled with the adoption of high-performance computing, internet of things, 5G telecommunications, artificial intelligence etc.

In February 2019, Platform Specialty Products completes its $4.2 billion sale of Arysta LifeScience to India’s UPL Corporation, it is changing its name to Element Solutions. Based in West Palm Beach, Florida, Element will manufacture specialty chemicals targeting electronics, graphic arts, metals, plastic plating, and other high-technology markets. The deal with UPL is expected to create the fifth-largest agricultural chemicals maker in the world.

Raw Materials Covered:
• Chromium
• Zinc
• Aluminum
• Nickel
• Gold
• Silver
• Precious Metals
• Copper
• Other Raw Materials

Processes Covered:
• Electroplating
• Electroless Plating
• Chemical & Electro Chemical Conversion
• Anodizing
• Carbonizing
• Electroplating
• Polishing
• Thermal or Plasma Spray Coating
• Other Processes

Products Covered:
• Conversion Coating Chemicals
• Plating Chemicals
• Cleaning Chemicals
• Other Products

Applications Covered:
• Automotive
• Appliances
• Hardware
• Heavy equipment
• Jewellery
• Other Applications

End Users Covered:
• Electronics
• Automobiles
• Aerospace
• Construction
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Metal Finishing Chemicals Market, By Raw Material
5.1 Introduction
5.2 Chromium
5.3 Zinc
5.4 Aluminum
5.5 Nickel
5.6 Gold
5.7 Silver
5.8 Precious Metals
5.9 Copper
5.10 Other Raw Materials

6 Global Metal Finishing Chemicals Market, By Process
6.1 Introduction
6.2 Electroplating
6.3 Electroless Plating
6.4 Chemical & Electro Chemical Conversion
6.5 Anodizing
6.6 Carbonizing
6.7 Electroplating
6.8 Polishing
6.9 Thermal or Plasma Spray Coating
6.10 Other Processes

7 Global Metal Finishing Chemicals Market, By Product
7.1 Introduction
7.2 Conversion Coating Chemicals
7.3 Plating Chemicals
7.4 Cleaning Chemicals
7.5 Other Products

8 Global Metal Finishing Chemicals Market, By Application
8.1 Introduction
8.2 Automotive
8.3 Appliances
8.4 Hardware
8.5 Heavy equipment
8.6 Jewellery
8.7 Other Applications

9 Global Metal Finishing Chemicals Market, By End User
9.1 Introduction
9.2 Electronics
9.3 Automobiles
9.4 Aerospace
9.5 Construction
9.6 Other End Users

10 Global Metal Finishing Chemicals Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Advanced Chemical Company
12.2 Coral Chemical Company
12.3 Atotech Deutschland GmbH
12.4 DOW Chemicals
12.5 Platform Specialty Products Corporation
12.6 DuPont
12.7 A Brite Company
12.8 Elementis PLC
12.9 Quaker Chemicals
12.10 McGean-Rocho Inc
12.11 Raschig GmbH
12.12 Asterion LLC
12.13 COVENTYA International
12.14 Houghton International Inc
12.15 Grauer & Weil (India) Limited
12.16 C.Uyemura & CO LTD
12.17 Henkel Adhesives Technologies India Private Limited
12.18 Wuhan Jadechem International Trade Co
12.19 Industrial Metal Finishing, Inc
12.20 NOF Corporation

List of Tables
1 Global Metal Finishing Chemicals Market Outlook, By Region (2020-2028) ($MN)
2 Global Metal Finishing Chemicals Market Outlook, By Raw Material (2020-2028) ($MN)
3 Global Metal Finishing Chemicals Market Outlook, By Chromium (2020-2028) ($MN)
4 Global Metal Finishing Chemicals Market Outlook, By Zinc (2020-2028) ($MN)
5 Global Metal Finishing Chemicals Market Outlook, By Aluminum (2020-2028) ($MN)
6 Global Metal Finishing Chemicals Market Outlook, By Nickel (2020-2028) ($MN)
7 Global Metal Finishing Chemicals Market Outlook, By Gold (2020-2028) ($MN)
8 Global Metal Finishing Chemicals Market Outlook, By Silver (2020-2028) ($MN)
9 Global Metal Finishing Chemicals Market Outlook, By Precious Metals (2020-2028) ($MN)
10 Global Metal Finishing Chemicals Market Outlook, By Copper (2020-2028) ($MN)
11 Global Metal Finishing Chemicals Market Outlook, By Other Raw Materials (2020-2028) ($MN)
12 Global Metal Finishing Chemicals Market Outlook, By Process (2020-2028) ($MN)
13 Global Metal Finishing Chemicals Market Outlook, By Electroplating (2020-2028) ($MN)
14 Global Metal Finishing Chemicals Market Outlook, By Electroless Plating (2020-2028) ($MN)
15 Global Metal Finishing Chemicals Market Outlook, By Chemical & Electro Chemical Conversion (2020-2028) ($MN)
16 Global Metal Finishing Chemicals Market Outlook, By Anodizing (2020-2028) ($MN)
17 Global Metal Finishing Chemicals Market Outlook, By Carbonizing (2020-2028) ($MN)
18 Global Metal Finishing Chemicals Market Outlook, By Electroplating (2020-2028) ($MN)
19 Global Metal Finishing Chemicals Market Outlook, By Polishing (2020-2028) ($MN)
20 Global Metal Finishing Chemicals Market Outlook, By Thermal or Plasma Spray Coating (2020-2028) ($MN)
21 Global Metal Finishing Chemicals Market Outlook, By Other Processes (2020-2028) ($MN)
22 Global Metal Finishing Chemicals Market Outlook, By Product (2020-2028) ($MN)
23 Global Metal Finishing Chemicals Market Outlook, By Conversion Coating Chemicals (2020-2028) ($MN)
24 Global Metal Finishing Chemicals Market Outlook, By Plating Chemicals (2020-2028) ($MN)
25 Global Metal Finishing Chemicals Market Outlook, By Cleaning Chemicals (2020-2028) ($MN)
26 Global Metal Finishing Chemicals Market Outlook, By Other Products (2020-2028) ($MN)
27 Global Metal Finishing Chemicals Market Outlook, By Application (2020-2028) ($MN)
28 Global Metal Finishing Chemicals Market Outlook, By Automotive (2020-2028) ($MN)
29 Global Metal Finishing Chemicals Market Outlook, By Appliances (2020-2028) ($MN)
30 Global Metal Finishing Chemicals Market Outlook, By Hardware (2020-2028) ($MN)
31 Global Metal Finishing Chemicals Market Outlook, By Heavy equipment (2020-2028) ($MN)
32 Global Metal Finishing Chemicals Market Outlook, By Jewellery (2020-2028) ($MN)
33 Global Metal Finishing Chemicals Market Outlook, By Other Applications (2020-2028) ($MN)
34 Global Metal Finishing Chemicals Market Outlook, By End User (2020-2028) ($MN)
35 Global Metal Finishing Chemicals Market Outlook, By Electronics (2020-2028) ($MN)
36 Global Metal Finishing Chemicals Market Outlook, By Automobiles (2020-2028) ($MN)
37 Global Metal Finishing Chemicals Market Outlook, By Aerospace (2020-2028) ($MN)
38 Global Metal Finishing Chemicals Market Outlook, By Construction (2020-2028) ($MN)
39 Global Metal Finishing Chemicals Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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