Metal Finishing Market Trends, Industry Analysis 2022-28
The metal finishing market size was valued at USD x billion in 2021, growing at a CAGR of x% during the forecast period 2022-2028. Cleaning, plating, and etching metallic surfaces with metal finishing chemicals improves their physical look and properties. Corrosion resistance, tarnish resistance, electrical and wear resistance, reflectivity as well as appearance, hardness, chemical resistance, and electrical conductivity are just a few of the surface attributes that metal finishing chemicals can help with. In the metal finishing chemical industry, electrolytic plating, chemical nature, electroless plating, and electrochemical conversion are the most commonly utilised procedures. Supporting operations such as degreasing, pickling, etching, polishing, and cleaning are employed in conjunction with the above-mentioned ones. Chlorinated and oxygenated solvents, surfactants, metal salt solutions, acid and bases, and other materials are favoured for metal finishing. The metal finishing chemicals market was dominated by electroplating, followed by electroless plating and galvanization. In the approaching years, metallic coatings processes such as vapour deposition as well as thermal spray coatings are projected to become more important.
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One of the primary factors propelling the growth of the metal finishing chemicals market is the increasing number of applications from the automobile industry. In the forecast period of 2021 to 2028, the metal finishing chemicals market is expected to develop due to the rapid growth of the printed circuit board sector, an increase in the use of chemicals in aerospace maintenance, repair, and overhauls, and favourable government policies. Furthermore, in the projected future, increased demand for bio-based cleaning chemicals, as well as fast urbanisation and changing lifestyles, would provide significant chances for the metal finishing chemicals market to flourish. Over the forecast period, however, hazardous materials disposal and waste water management standards, as well as the replacement of metals with more cost-effective plastic, will serve as market constraints for metal finishing chemicals.
The global Metal Finishing Market segmentation:
- By Process: Heat Treating, Welding, Braze & Solder, Metal Plating, Metal Coating, Metal Anodizing, Galvanizing
- By Product: Plating Chemicals, Conversion Coatings, Cleaning Chemicals
- By Industrial Application: Automotive, Electronics, Aerospace, Hardware, Appliances, and Others
North America dominated the metal finishing chemicals market in terms of demand. The United States had the highest demand for metal finishing chemicals, owing to the aerospace industry's high need as well as the electrical and electronics industries' high demand. However, because the metal finishing industry is one of the most chemically sensitive, rigorous regulations in the United States are anticipated to be a significant constraint for the metal finishing chemicals market in this area. Europe was the next stop after North America.
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Some of the major key players in the Metal Finishing Market are TIB Chemicals, Atotech Deutschland GmbH, Honeywell International Inc., Metal Finishing Technologies, LLC, Almco, Inc., Giant Finishing, Inc., Okuno-Auromex Ltd.
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