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 Chemic

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

According tStratistics MRC, the Global Metal Finishing Chemicals Market is accounted for $11.7 billion in 2022 and is expected treach $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 tan object's surface talter it in order tincrease its durability or aesthetic appeal. Metal finishing chemicals are used ttreat the surface of metal products by forming a thin coating tenhance 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 tplate a variety of components. Chemicals used in metal polishing prevent corrosion and premature wear on interior and exterior car components. These substances are alsutilized timprove appearance by smoothing down the edges of the portions. Manufacturers provide cutting-edge metal plating tshield 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 tfederal and state waste restrictions. Due tthe variety of chemicals and compounds present, metal finishing chemicals require complex and specialist handling. The necessity for wastewater management facilities and the need tdispose of hazardous waste are anticipated trestrict development opportunities in the global market.

Opportunity:

Raising investments and government policies

Due tgrowing environmental concerns, the government is introducing a number of beneficial regulations tencourage the development of plating chemicals timprove fuel efficiency and reduce emissions. Because tthe 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 tsix 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 trestrain 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 tbe the largest during the forecast period

The automotive segment is estimated thave a lucrative growth, due tits 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 thave the highest CAGR during the forecast period

The electroplating segment is anticipated twitness the fastest CAGR growth during the forecast period, due tits cost efficiency. Electroplating provides high resistance tcorrosion and is used as a surface lubrication treduce 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 thold the largest market share during the forecast period owing tthe 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 thave the highest CAGR over the forecast period, owing tthe growing industrial machinery sector. Automotive and electrical & electronics are the top twend-use industries contributing tthe growing demand for metal finishing chemicals. This region is predicted tgrow 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-RochInc, 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 tIndia’s UPL Corporation, it is changing its name tElement 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 tcreate 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 & ElectrChemical 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
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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