Metal surface finishing is an industrial process which alters the surface of a manufactured item so as achieve a certain property. Metal finishing chemicals generally modify the surface of metal products to improve wear resistance, chemical resistance, hardness. Also, metal finishing chemicals are used to coat the metal to protect it from the damage caused due to corrosion, rust, as well as from wear. Metal finishing chemicals are utilized in automotive interior and exterior parts by protecting it against premature wear and corrosion. Additionally, these chemicals are also used to enhance the appearance by giving the parts a smooth finish. Furthermore, the moisture content present in the atmosphere can cause corrosion and further can cause the damage in metal parts of the car. Therefore, to protect the metal parts of cars from corrosion manufacturers mainly offer innovative metal plating. In the automotive industry, metal finishing chemicals are used for plating of various components such as shock absorbers, fasteners, fluid delivery tubes, heat sinks, gears, cylinders, brake calipers, anti-vibration components, emblems, front grills, plated aluminum wheels, piston rings, engine valves, fuel injection housing, car door handles, and piston.
Global Metal Finishing Chemicals Market: Key Players
The research study includes profiles of leading companies operating in the global metal finishing chemicals market. Key players profiled in the report include: Atotech Deutschland GmbH, Advanced Chemical Company, Chemetall, Elementis, DOW Chemicals, Mc-Gean Rocho US, Coral Chemical Company, Platform Specialty Products Corporation, Quaker Chemicals, Houghton International Inc., NOF Corporation, HENKEL Ag, Rashig GmbH, A Brite Company, and Technic.
Drivers for the Global Metal Finishing Chemicals Market:
According to current market condition, rising demand from the automobile as well as electronics & electrical industry are the primary drivers for the global metal finishing chemicals market. Additionally, the product has a huge demand in the aerospace and automobile equipment industry. Owing to this huge demand from the degreasing and cleaning of equipment, aerospace is projected to be a primary and fastest growing industry for this market. Apart from that, favorable government initiatives, rise in disposable income, changing lifestyle, and rapid urbanization are anticipated to propel the metal finishing chemicals market during the forecast period.
Opportunities for the Global Metal Finishing Chemicals Market:
Demand for metal finishing chemicals is high in automotive and aerospace equipment. Aerospace is expected to be a rapidly growing industry of the metal finishing chemicals. Metal finishing chemicals are also employed in industrial machinery and transportation equipment. Moreover, increasing usage of biobased cleaning chemicals provides a huge market opportunity for the key players operating in the metal finishing chemicals market.
Restrains for the Global Metal Finishing Chemicals Market:
However, workplace and environmental regulations related to the metal finishing chemicals are likely to hinder the growth of this market in the coming years as it is considered as one of the most toxic industry. Moreover, stringent regulations of the government relating to metal finishing chemicals market, due to its chemical sensitive industry is projected to be the major restraint in future. Furthermore, the replacement of metals by plastics is also projected to hamper the overall growth of the metal finishing chemicals market.
Region Wise, Global Metal Finishing Chemicals Market Analysis:
On the basis of region, global metal finishing chemicals market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is the largest metal finishing chemicals market. The rising demand for metal finishing chemicals in this region is mainly driven by their increased use in electrical & electronics and automotive industries. North America region is followed by Asia pacific and Europe.
Global Metal Finishing Chemicals Market: Product analysis
- Cleaning Solutions
- Conversion coating
- Plating Chemicals
Global Metal Finishing Chemicals Market: Application analysis
- Electrical & Electronics
Global Metal Finishing Chemicals Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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