Global Metal Finishing Chemicals Market 2017-2021

Overview of the global metal finishing chemicals market

Metal finishing chemicals industry report at Technavio predict that the metal finishing chemicals market will grow at a CAGR of around 5% by 2021. The increase in demand for durable and wear-resistant products is identified as one of the primary growth factors for this market. Metal finishing chemicals are used to expand the functional life of the metal products and improve their surface properties for further applications. Manufacturers of electronic products are focusing on these properties to offer product differentiation. For instance, SilcoTek offers Dursan, a durable and corrosion resistant metal coating that provides high efficiency, wear resistance, and durability. This protective coating will eliminate the heat oxidizing effect on stainless steel and improve its surface hardness and wear resistance. With the rising demand for durable and wear-resistant products from various end-user segments, such benefits will significantly boost the metal finishing chemicals market worth.

In terms of geographic regions, North America will be the major revenue contributor to the metal finishing chemicals market during the forecast period. The US is the key contributor to the market in North America, where the presence of numerous manufacturing facilities of players in the electronics and automobile industries drive market growth. Moreover, the rising investments in the residential construction sector also contributes to the growth of the metal finishing chemicals market size in the region.

Competitive landscape and key vendors  

The metal finishing chemicals market consists of major vendors located largely in APAC. The vendors increasingly concentrate on the fluctuating prices of raw materials with manufacturing and maintenance cost. The market players have a large geographical presence with huge production facilities located across the globe. The growing industrialization in developing regions has encouraged the entry and growth of the domestic vendors. The competitive environment in the market will intensify during the next four years with the rise in product extensions in terms of innovation and technology.

The leading vendors in the market are -

• BASF
• Elementis
• NOF CORPORATION
• Platform Speciality Products
• The Dow Chemical Company

The other prominent vendors in the market are A Brite Company, Coral, COVENTYA, Henkel, Houghton International, Industrial Metal Finishing, McGean-Rohco, and Metal Finishing Technologies.

Segmentation by types and analysis of the metal finishing chemicals market

• Plating chemicals
• Conversion coatings
• Cleaning solutions
• Proprietary additives

During 2016, the plating chemicals segment accounted for the major shares of the metal finishing chemicals market. The high consumption of plating chemicals in the electroplating sector which includes several end-user segments such as aerospace and defense, machinery parts, and components will contribute to the growth of this market segment in the coming years.

Segmentation by end-users and analysis of the metal finishing chemicals market

• Automobiles
• Electrical and electronics
• Industrial machinery
• Construction

According to this market research report, the automobiles sector held the maximum shares of the metal finishing chemicals market during 2016. Automobile manufacturers use various metal finishing techniques such as electroplating, which resist corrosion and wear and help in tarnish prevention. The increasing use of such techniques in the automotive industry will drive the growth of the market in this end-user segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global metal finishing chemicals market?
• What are the key market trends impacting the growth of the global metal finishing chemicals market?
• What are the challenges to market growth?
• Who are the key vendors in the global metal finishing chemicals market?
• What are the market opportunities and threats faced by the vendors in the global metal finishing chemicals market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global metal finishing chemicals market?

Technavio also offers customization on reports based on specific client requirement.

Metal finishing chemicals are used to expand the lifespan of products made from metals. These chemicals impart properties such as wear resistance, corrosion resistance, electrical resistance, reflexivity and appearance, electrical conductivity, torque tolerance, and chemical resistance to base metal substrates. This upcoming research report on the global metal finishing chemicals market offers insights into the key trends and emerging drivers influencing the growth of the chemicals and materials industry. Our market research reports for the chemicals and materials industry also follow an extensive data collection methodology and offer an analysis of fast growing market segments like specialty chemicals.

By considering the market forecast and size and the surging demand for various specialty chemicals, the market research experts at Technavio offer a comprehensive overview of the global metal finishing chemicals market for the forecast period of 2017 to 2021. This upcoming market research report on the global metal finishing chemicals market also covers vendors like The DOW Chemical Company, Elementis PLC, Platform Specialty Products Corporation, NOF Corporation, and Atotech Deutschland GmbH.

This upcoming industry report on the global metal finishing chemicals market also considers the growth of the related specialty chemicals market like the anti-reflective coatings, which is expected project a CAGR of above 8% during the forecasted period. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global metal finishing chemicals market also covers geographies like North America, EMEA, APAC, and ROW.

The upcoming industry research report for the global metal finishing chemicals market also categorizes the key drivers, major trends, as well as the major challenges that the specialty chemicals sector is currently experiencing. This industry report on the global metal finishing chemicals market also presents intelligence into the rapidly changing market dynamics to give clients a complete view of the forthcoming events within the chemicals and materials industry. Technavio also provides deep-dive market assessments into the sectors such as paints, coatings, and pigments and olefins to help clients gain a holistic overview of the market space.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.