According to a new market report by Lucintel, the future of the global metal finishing chemical market looks promising with opportunities in the automotive, electrical & electronics, aerospace, construction, and others industries. The global metal finishing chemical market is expected to decline in 2020 due to global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 5% from 2020 to 2025. The major growth drivers for this market are the growth of the automotive industry and printed circuit boards, and increasing usage of bio-based cleaning chemicals.
To download report brochure, please go to https://www.lucintel.com/metal-finishing-chemicals-market.aspx and click "download brochure" tab from the menu
In this market, plating chemicals, conversion coatings, and cleaning chemicals are products used. Lucintel forecasts that plating chemical will remain the largest segment over the forecast period as these chemicals provide superior surface properties, such as corrosion resistance, wear resistance, hardness as well as electrical conductivity to the metal surface.
Within this market, automotive is expected to witness the highest growth over the forecast period due to increasing demand and production of commercial and passenger vehicles.
Asia-Pacific region is expected to witness the highest growth over the forecast period due to increasing automotive manufacturing, and growing electronics and electrical sectors.
Atotech, Advanced Chemical Company, Chemetall, Elementis, DOW Chemicals, Mc-Gean Rocho, and Coral Chemical Company are among the major manufacturers of the global metal finishing chemical market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global metal finishing chemical market by product type, process, materials, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Metal Finishing Chemical Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global metal finishing chemical product type, process, materials, end use industry, and region as follows:
By Product Type [$M shipment analysis for 2014 – 2025]:
Plating Chemicals
Conversion Coatings
Cleaning Chemicals
Others
By Process [$M shipment analysis for 2014 – 2025]:
Electroplating
Plating
Polishing
Anodizing
Plasma Spray Coating
Others
By Materials [$M shipment analysis for 2014 – 2025]:
Zinc
Nickel
Chromium
Aluminum
Copper
Precious Metals
Others
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Automotive
Electrical & Electronics
Aerospace
Construction
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.