Global metal finishing chemicals market is anticipated to rise at over 2% CAGR during the forecast period from the year 2020 to 2030

ROCKVILLE, MARYLAND, UNITED STATES, December 7, 2021 /EINPresswire.com/ -- A new study by Fact.MR projects growth at a steady pace for the global metal finishing chemicals market, driven by the surging demand from automotive, construction, and other industries. Between 2020 and 2030, the market is expected to grow at above 2% CAGR.

The demand for metal finishing chemicals such as hydrochloric acid, nitric acid, sulphuric acid, and others is rising at a steady pace. This trend is expected to continue especially as various industries adopt metal finishing to ensure better chemical resistance of machinery parts and offer protection against wear and tear.

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Automotive, electrical, aerospace, and defense industries are among the key end users in the market. The rising demand for advanced properties from these sectors has been encouraging market players to focus on new launches. This also presents lucrative prospects for the expansion of the market.

The report offers a holistic overview, covering factors impacting the market’s growth trajectory. Some of the key highlights from the report are discussed below.

Key Takeaways from Metal Finishing Chemicals Market Report

Plating chemicals are expected to maintain the lead in terms of product type
Among process used for metal finishing, electroplating will remain highly sought-after
The demand from automotive sector will continue increasing through the forecast period
Asia Pacific will emerge as a lucrative market for metal finishing products, yet North America is expected to remain dominant through the forecast period

The Analyst’s Viewpoint

The rise in demand for electroplating in automotive, electronics, construction, and other industries is propelling the growth of metal finishing chemicals market. In the coming years, however, the demand for bio-degradable metal finishing chemical products is expected to get higher, especially as governments tighten their rules for curbing toxic emissions from industries. Driven by these developments, key market players are focusing on launching a wide range of metal finishing chemicals.

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metal finishing chemicals market regional analysis

Expansion of Automotive Industry Supporting Growth

Metal finishing chemicals are used to improve durability and appearance of metal surfaces and are highly sought-after among various industries. In the automotive industry, various components such as interior and exterior of vehicles, internal machinery equipment, and others require protection against wear and corrosion. Metal finishing process not only makes the automotive parts resistant to corrosion, rust, and wear, but provides them with the better appearance.

According to Fact.MR, electroplating is a highly preferred metal finishing process. It will continue witnessing high demand across the globe. As the automotive industry is projected to expand further in the coming years, the metal finishing chemicals market is expected to grow significantly.

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Competitive Landscape

In order to gain competitive advantage, companies operating in the market are focusing on product launches besides adopting other strategies.

For instance, Chemetall has launched their exclusive range of sustainable and effective metal finishing chemicals such as Gardobond^® Conversion Coatings, Gardoclean^® Cleaners, Gardostrip^® paint strippers, and others in the recent year.

Some of the companies profiled in the report are Advanced Chemical Company, Atotech Deutschland GmbH, Chemetall, Coral Chemical Company, Dow Inc., Elements Plc, Houghton International Inc., MacDermid Performance Solutions, McGean-Rohco Inc., NOF Metal Coatings North America, Platform Specialty Products Corporation, PPG Industries, and Quaker Chemical Corporation.

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Key Questions Answered in Fact.MR’s Metal Finishing Chemicals Market Report

Which are the most lucrative markets for metal finishing chemicals?
Which factors will impact metal finishing chemicals market growth?
How will changing trends impact the strategy of market players?
How can market players capture the low-hanging opportunities?
Which companies are leading the metal finishing chemicals market?
What are the winning strategies of stakeholders in the metal finishing chemicals market?

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