What Is the Market Size Analysis for the Global Metal Finishing Chemicals Industry?
The size of the metal finishing chemicals market has significantly grown in previous years. It is forecasted to grow from $13.15 billion in 2024 to $14.09 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. This growth can be attributed to factors such as manufacturing growth, renewable energy, environmental regulations, the automotive industry, and electronics.
The market size is expected to experience robust growth in the coming years, projected to reach $19.32 billion in 2029 at a CAGR of 8.2%. The forecast growth can be linked to aerospace applications, consumer goods, healthcare equipment, additive manufacturing, space exploration, and advancements in corrosion protection, green technologies, electrification of vehicles, advanced alloys, microelectronics, and nanotechnology.
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What Factors Are Driving the Growth of the Metal Finishing Chemicals Market?
The increasing sales of automobiles worldwide are anticipated to drive the growth of the metal-finishing chemicals market. The automobile sales growth is catalyzed by rapid urbanization and the expansion of international auto manufacturers in developing nations. Automobile parts are finished using various coatings of metals such as zinc and nickel. These coatings keep the automotive parts corrosion-free and resistant to rubbing against each other. The UK car production increased by 11.7% in the first half of 2023, with an additional surge in exports by 13.6%. These statistics authenticate that the increasing sales of automobiles worldwide are further driving the growth of the metal finishing market.
What Are the Major Segments in the Metal Finishing Chemicals Market?
The metal finishing chemicals market covered in this report is segmented as follows:
1. By Type: Plating Chemicals, Cleaning Chemicals, Conversion Coating, Proprietary Chemicals, Other Types
2. By Material: Zinc, Nickel, Chrome, Copper, Gold, Silver, Platinum, Other Materials
3. By Process: Electroplating, Chemical and Electro-chemical Conversion, Electroless Plating, Other Process
4. By End-Use Industry: Automotive, Electrical and Electronics, Industrial Machinery, Construction, Aerospace and Defense, Other End Users
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Which Are the Major Players in the Metal Finishing Chemicals Market?
Major companies operating in the metal finishing chemicals market include McGean-Rocho Inc., Atotech Deutschland GmbH, Advanced Chemical Company, Asterion LLC, Quaker Houghton Corporation, A Brite Company, DOW Chemicals, Coral Chemical Company, Elementis plc, Raschig GmbH, Chemetall GmbH, Coventya Chemical Company, Platform Specialty Products Corporation, BASF SE, Element Solutions Inc., Henkel AG & Co. KGaA, C. Uyemura & Co. Ltd., Honeywell International Inc., Linde plc, OC Oerlikon Management AG, Sequa GmbH, Houghton InternationalIInc., Interplex Holdings Pte. Ltd., Kuntz Electroplating Inc., Pioneer Metal Finishing Inc., Roy Metal Finishing Inc., Bajaj Electroplaters Pvt. Ltd., MacDermid Enthone Industrial Solutions, Pavco Inc., Technic Inc.
How Are Technological Trends Shaping the Metal Finishing Chemicals Market?
Innovative product launches are a key trend gaining popularity in metal finishing chemicals. Companies are releasing enhanced versions of previous products to provide the best product in the market. One such example is when in June 2022, SIFCO ASC launched the portable all-in-one plating system which contributed to improving throughput, productivity, and worker safety.
Which Region Is the Frontrunner in the Metal Finishing Chemicals Market?
In 2024, North America was the dominant region for the metal finishing chemicals market. However, the Asia-Pacific region is anticipated to experience the fastest growth during the forecast period.
What Does the Metal Finishing Chemicals Market Report 2025 Offer?
Metal finishing chemicals are used for electroplating or treating metal parts to increase their visual appeal, increase marketability, enhance corrosion, and wear resistance, add value, and improve function or performance. Substances like chromic acid, ammonia, hydrochloric acid, nitric acid, hydrofluoric acid, sulfuric acid, phosphoric acid, and sodium hydroxide are common chemicals used as metal finishing chemicals. The Metal Finishing Chemicals Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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