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Metal Finishing Chemicals - Global Market Trajectory & Analytics

  • ID: 338352
  • Report
  • February 2022
  • Region: Global
  • 660 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Advanced Chemical Company
  • Atotech Deutschland GmbH
  • Chemetall GmbH
  • Coral Chemical Company
  • DuPont de Nemours, Inc.
  • Element Solutions Inc.

Global Metal Finishing Chemicals Market to Reach $11.5 Billion by 2026


Metal finishing industry uses a wide range of chemicals and processes to etch, clean and plate both metallic and non-metallic surfaces to improve their appearance and surface characteristics. Growth in the metal finishing market is closely linked to the pace of economic growth and level of manufacturing activity, along with end-use market dynamics such as CAPEX investments in plant expansions and upgrades. In the pre-COVID period, growth was led by growing demand for wear-resistant and durable products continues to grow from various end-use industries is expected to fuel metal finishing chemicals market. The market benefited from stable automobile production trends, robust demand for consumer electronics/appliances and the parallel increase in production activity, steady recovery of the construction sector and the resulting improvement in business climate for related markets and technologies including heavy equipment and machinery. There was growing adoption of eco-friendly measures to ensure compliance with stipulated regulations. After the temporary hiatus in growth caused by the pandemic, the market will bounce back given the already existing strong commercial value of environmentally safe industrial metal finishing chemicals like cleaners and degreasers.

Amid the COVID-19 crisis, the global market for Metal Finishing Chemicals estimated at US$9 Billion in the year 2020, is projected to reach a revised size of US$11.5 Billion by 2026, growing at a CAGR of 4.2% over the analysis period. Plating Chemicals, one of the segments analyzed in the report, is projected to grow at a 4.1% CAGR to reach US$4.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cleaning Chemicals segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 25.9% share of the global Metal Finishing Chemicals market. Copper plating chemicals are expected to witness strong growth in demand, mainly due to the increasing use of copper interconnect technology. Cleaning chemicals segment is forecast to grow at the fastest led by their growing acceptance in several end-use sectors including industrial machinery, construction, aerospace, automotive, manufacturing and electrical & electronics. Cleaning chemicals continue to find increasing demand, due to their ability to remove metal oxides, carbon smut, lapping compounds, and oils and coolants that are deposited over metal surfaces during metal finishing processes.



The U.S. Market is Estimated at $2.2 Billion in 2021, While China is Forecast to Reach $1.8 Billion by 2026


The Metal Finishing Chemicals market in the U.S. is estimated at US$2.2 Billion in the year 2021. The country currently accounts for a 24.27% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.8 Billion in the year 2026 trailing a CAGR of 6.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR while Rest of European market (as defined in the study) will reach US$1.9 Billion by the end of the analysis period. The US remains a major market for metal finishing chemicals due to the presence of a large number of production facilities operated by automobile and electronics industry participants. European metal finishing chemicals market is forecast to record stable growth led by countries such as France, Spain and Italy, and the steady growth being seen in the manufacturing industry. Asia-Pacific ranks as the fastest growing regional market driven by industrial machinery, aerospace and automotive industries which are in their developing phase.

Conversion Coatings Segment to Reach $2.4 Billion by 2026


Conversion coatings are usually thin layers, which make the metal surface highly corrosion resistant and allow applied coatings to persist. Conversion Coatings significantly enhances the adhesive property of the metal surface and also prevents degradation. In the global Conversion Coatings segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$265.3 Million by the year 2026, while Latin America will expand at a 5.4% CAGR through the analysis period.

Select Competitors (Total 139 Featured) -

  • Advanced Chemical Company
  • Atotech Deutschland GmbH
  • Chemetall GmbH
  • Coral Chemical Company
  • DuPont de Nemours, Inc.
  • Element Solutions Inc.
  • MacDermid, Inc.
  • Elementis plc
  • Houghton International, Inc.
  • McGean-Rohco, Inc.
  • NOF Metal Coatings North America
  • PPG Industries, Inc.
  • Quaker Chemical Corporation
  • Solvay S.A.
Frequently Asked Questions about the Global Market for Metal Finishing Chemicals

What is the estimated value of the Global Market for Metal Finishing Chemicals?

The Global Market for Metal Finishing Chemicals was estimated to be valued at $9.0 Billion in 2020.

What is the growth rate of the Global Market for Metal Finishing Chemicals?

The growth rate of the Global Market for Metal Finishing Chemicals is 4.2%, with an estimated value of $11.5 Billion by 2026.

What is the forecasted size of the Global Market for Metal Finishing Chemicals?

The Global Market for Metal Finishing Chemicals is estimated to be worth $11.5 Billion by 2026.

Who are the key companies in the Global Market for Metal Finishing Chemicals?

Key companies in the Global Market for Metal Finishing Chemicals include Advanced Chemical Company, Atotech Deutschland GmbH, Chemetall GmbH, Coral Chemical Company, DuPont de Nemours, Inc., Element Solutions Inc., MacDermid, Inc., Elementis plc and McGean.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Advanced Chemical Company
  • Atotech Deutschland GmbH
  • Chemetall GmbH
  • Coral Chemical Company
  • DuPont de Nemours, Inc.
  • Element Solutions Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Metal Finishing Chemicals - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Surface Preparation: An Important Part of the Metal Products Manufacturing Process
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • As India Burns Amid a Lethal Double & Triple Mutation Driven Second Wave, Its Clear That Equity is Not a Part of Global Policy on Tackling COVID
  • What We Know So Far - “Vaccine Efficiency Against New Strains is Decreasing”
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback
  • A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • A Retrospective Review of Year 2020 as the Worst Year in Humanity’s History that Left the World in Shambles & Industries and Markets Upended
  • How Major End-Use Industries Are Impacted by the Pandemic & What’s the New Normal?
  • Automotive End-Use Industry
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Manufacturing & Machinery End-Use Industry
  • Global Machine Tools Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Semiconductor End-Use Industry
  • Electronics End-Use Industry
  • Global Electrical & Electronics Equipment Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Aerospace Manufacturing End-Use Sector
  • Global Aerospace & Aviation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • How Will the Scenario in These End-Use Industries Pan Out for the Metalworking Industry Now & Going Forwards?
  • Metal Finishing Chemicals: Definition, Scope, Types & Applications
  • Recent Market Activity
  • Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Here’s What to Expect in the Post COVID-19 Market
  • Revival of Major End-Use Markets Will Spur Demand Recovery for Metal Finishing Chemicals
  • Aerospace Manufacturing to Revive as Travel Restrictions Ease
  • Increased Manufacturing Activity & MRO Operations Will Spur Parallel Increase in Demand for Metal Finishing Chemicals: Global Fleet of Commercial Aircraft in 2036 by Region (in Units)
  • Automobile Production to Recover as Economy Rebounds
  • Electronics Production to Jump Post Pandemic, Thanks to Pandemic Induced Digitalization & Electronification
  • Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028
  • Environmental Concerns & Strict Anti-Pollution Laws Plague Future Growth Outlook
  • Electroplating Chemicals Bear the Brunt of Growing Environmental Concerns
  • Hexavalent Chrome Plating Buckles Under Environmental Pressures
  • Non-Chrome Passivation (NCP) Emerges as an Alternative to Hexavalent Chromium
  • Migration to Eco-Friendly Metal Finishing Chemicals Catches Fire as the Heat Turns Up on Inorganic Chemical Solutions
  • Bio-Based Industrial Metal Cleaning Chemicals Witness Encouraging Gains
  • Environmental Advantages Spur the Popularity of Powder Coatings
  • Automation Trends Emerge High Over Surface Finishing Processes. Here is What the Market is Experiencing

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Metal Finishing Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 139
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Advanced Chemical Company
  • Atotech Deutschland GmbH
  • Chemetall GmbH
  • Coral Chemical Company
  • DuPont de Nemours, Inc.
  • Element Solutions Inc.
  • MacDermid, Inc.
  • Elementis plc
  • Houghton International, Inc.
  • McGean-Rohco, Inc.
  • NOF Metal Coatings North America
  • PPG Industries, Inc.
  • Quaker Chemical Corporation
  • Solvay S.A.
Note: Product cover images may vary from those shown