Metal Finishing Chemical Market Size (2024 - 2029)

The metal finishing chemical market is projected to experience growth driven by the expanding automotive fleet and the rising demand for durable, wear-resistant products. Despite challenges such as the substitution of metals with plastics and the impact of the COVID-19 pandemic, the market's expansion is supported by the increasing use of bio-based cleaning chemicals. The automotive sector is anticipated to be the leading end-user due to its need for properties like corrosion and wear resistance. The Asia-Pacific region holds the largest market share and is expected to continue its rapid growth, fueled by consumption in countries like China, India, and Japan.

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Market Size of Metal Finishing Chemical Industry

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metal finishing chemical market overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

metal finishing chemical market major players

*Disclaimer: Major Players sorted in no particular order

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Metal Finishing Chemical Market Analysis

The market for metal finishing chemical is expected to grow at a CAGR of around 5% globally. Major factor driving the market studied is the increasing automotive fleet size, along with increased demand for durable and wear resistant products. On the flip side, replacement of metals by plastics and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

  • Growing adoption of bio-based cleaning chemicals is anticipated to create further growth opportunities for the market.
  • The automotive industry is expected to dominate the end-user industry segment of the global metal finishing chemical market as it offers properties such as corrosion resistance, wear and tear resistance, electrical conductivity among others.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.

Metal Finishing Chemical Industry Segmentation

The Metal Finishing Chemical Market report includes:

Chemical Type
Plating Chemicals
Proprietary Chemicals
Cleaning Chemicals
Conversion Coating Chemicals
Materials
Aluminum
Copper
Zinc
Nickel
Chromium
Others
Process
Anodizing
Carbonizing
Electroplating
Polishing
Plating
Thermal or Plasma Spray Coating
Others
End-user Industry
Automotive
Industrial
Electronics
Aerospace and Defense
Construction
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Metal Finishing Chemical Market Size Summary

The metal finishing chemical market is poised for steady growth, driven primarily by the expanding automotive fleet and the rising demand for durable, wear-resistant products. Despite challenges such as the substitution of metals with plastics and the lingering impacts of the COVID-19 pandemic, the market is expected to benefit from the increasing adoption of bio-based cleaning chemicals. The automotive industry is anticipated to be the leading end-user segment, leveraging the properties of metal finishing chemicals like corrosion and wear resistance, as well as electrical conductivity. This sector's demand is further bolstered by the need for innovation in the automotive aftermarket, which enhances the appeal and functionality of vehicle components.

Regionally, Asia-Pacific is projected to be the largest and fastest-growing market, fueled by robust consumption in countries like China, India, and Japan. The region's growth is supported by the rapid expansion of the automotive industry and the burgeoning industrial machinery sector. China's position as a leading automobile manufacturer, coupled with its focus on product innovation to improve fuel economy and reduce emissions, underscores the region's significance. Additionally, Japan's aerospace sector contributes to the demand for metal finishing chemicals, driven by technological advancements and increased production of aircraft components. The market is characterized by partial consolidation, with major players such as Atotech, Chemetall, Dow, ELEMENTIS PLC, and McGean-Rohco Inc. holding substantial market shares.

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Metal Finishing Chemical Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Automotive Fleet Size

      2. 1.1.2 Increased Demand for Durable and Wear Resistant Products

    2. 1.2 Restraints

      1. 1.2.1 Replacement of Metals by Plastics

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Chemical Type

      1. 2.1.1 Plating Chemicals

      2. 2.1.2 Proprietary Chemicals

      3. 2.1.3 Cleaning Chemicals

      4. 2.1.4 Conversion Coating Chemicals

    2. 2.2 Materials

      1. 2.2.1 Aluminum

      2. 2.2.2 Copper

      3. 2.2.3 Zinc

      4. 2.2.4 Nickel

      5. 2.2.5 Chromium

      6. 2.2.6 Others

    3. 2.3 Process

      1. 2.3.1 Anodizing

      2. 2.3.2 Carbonizing

      3. 2.3.3 Electroplating

      4. 2.3.4 Polishing

      5. 2.3.5 Plating

      6. 2.3.6 Thermal or Plasma Spray Coating

      7. 2.3.7 Others

    4. 2.4 End-user Industry

      1. 2.4.1 Automotive

      2. 2.4.2 Industrial

      3. 2.4.3 Electronics

      4. 2.4.4 Aerospace and Defense

      5. 2.4.5 Construction

      6. 2.4.6 Others

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 India

        3. 2.5.1.3 Japan

        4. 2.5.1.4 South Korea

        5. 2.5.1.5 Rest of Asia-Pacific

      2. 2.5.2 North America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 France

        4. 2.5.3.4 Italy

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Middle-East and Africa

        1. 2.5.5.1 Saudi Arabia

        2. 2.5.5.2 South Africa

        3. 2.5.5.3 Rest of Middle-East and Africa

Metal Finishing Chemical Market Size FAQs

The Metal Finishing Chemical Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

Atotech, Chemetall, Dow, ELEMENTIS PLC and McGean-Rohco Inc. are the major companies operating in the Metal Finishing Chemical Market.

Metal Finishing Chemical Report Snapshots

Metal Finishing Chemical Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)