DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Metal Finishing Chemicals Market by Type (Cleaning, Conversion Coating, Proprietary), Process (Electroplating, Polishing, Anodizing), Material (ZN, NI, CR, CU, AU), End Use (Automotive, Electrical & Electronics), Region - Global Forecast to 2021" report to their offering.
The global metal finishing chemicals market is projected to reach USD 11.21 billion by 2021, at a CAGR of 4.7%.
Growing use in the automotive and steel industries is a prime factor in the growth of the metal finishing chemicals market.
Most of the growth is fueled by the rising investments in new manufacturing plants for automotive and aerospace development in various countries. This growth stems from a rise in the demand for the manufacture of interior and exterior components using metal finishing chemicals in the automotive and aerospace industries which provide superior wear resistance and corrosion resistance properties.
Zinc (Zn) is the fastest-growing type segment in terms of value in the metal finishing chemicals market. It possesses sacrificial corrosion protection, paint adhesion, decorative coating, and anti-galling. These properties make it suitable for a wide range of end-use industry applications such as the manufacture of shock absorbers, heat sinks, gears, cylinders, capacitors, and semiconductor components.
The Asia-Pacific region is the fastest-growing metal finishing chemicals market, in terms of value. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, and rise in the applications of metal finishing chemicals across the automotive, industrial machinery, and electrical & electronics industries, are some of the major factors expected to fuel the growth of the market. Countries such as China, South Korea, and Japan, which are major hubs in the production of electronic components, are expected to drive the market in the Asia-Pacific region.
- Growing Automotive Industry
- Increase in Demand for Durable and Wear Resistant Products
- Significant Demand From Asia-Pacific Economies
- Replacement of Metals By Plastics
- Increasing Usage of Biobased Cleaning Chemicals
- Stringent Government Regulations
Porter's Five Forces Analysis
- A Brite Company
- Advanced Chemical Company
- Atotech Deutschland GmbH
- C.Uyemura & Co., Ltd.
- Coral Chemical Company
- Elementis PLC
- Grauer & Weil India Ltd.
- Henkel Corporation
- Houghton International, Inc.
- Industrial Metal Finishing, Inc.
- Mcgean-Rohco, Inc.
- Metal Finishing Technologies LLC
- NOF Corporation
- Other Key Players
- Platform Specialty Products Corporation
- Quaker Chemical Corporation
- Raschig GmbH
- The DOW Chemical Company
- Wuhan Jadechem International Trade Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/nkpvtm/metal_finishing