08-Feb-2022 | Zion Market Research
As per study of Zion Market Research, Metal Finishing Chemicals industry gained revenue worth nearly US$ 11.25 billion in 2021 and is set to accrue returns about US$ 19.12 billion by 2028. In addition to this, Metal Finishing Chemicals market is prognosis to record CAGR of almost 5.1% in 2022-2028. Apparently, growth of metal finishing chemicals market over forecast timespan can be credited to need for resisting wear and tear of metals and thus increase their longevity. Apart from this, rise in product penetration in automotive sector such as exterior & interior components including car door handle, engine valves, etc., will crop up expansion of metal finishing chemicals industry over forecast timespan. Moreover, there is massive product demand in functional coatings & decorative coatings. Furthermore, prominent rise in use of metal finishing chemicals in electronics & electrical sector will boost market trends. Escalating utility of bio-based cleansing chemicals is predicted to produce new growth avenues for metal finishing chemicals industry.
Plating Chemicals To Lead Type Segment Over 2022-2028
Growth of plating chemicals segment in forecasting timespan is subject to its exceptional features such as wear & tear resistance, hardness, and corrosion resistance. Moreover, it helps in improving metal conductivity of metal surfaces.
Electroplating To Evolve As Largest Process Segment By 2028
Expansion of electroplating segment over forecast timeframe is subject to humungous process application in vehicle plating & electrical as well as electronics plating. In addition to this, the process is one of the cost-effective alternatives in comparison to galvanization & electroless plating.
North America To Dominate Regional Market Growth In Forecasting Years
Growth of regional market over forecasting timespan can be ascribed to rise in vehicle production units in countries such as the U.S. Apart from this, U.S. contributes majorly towards regional market share and will continue to do so even in near future.
Some of key participants majorly influencing market growth and profiled in study are The Dow Chemical Company, Platform Specialty Products Corporation, Elementis plc, McGean-Rohco, Inc., NOF Corporation, Atotech Deutschland GmbH, Chemetall GmbH, Houghton International, Inc., Coral Chemical Company, and Advanced Chemical Company.
Browse the full “Metal Finishing Chemicals Market- By Process (Thermal Or Plasma Spray Coating, Polishing, Plating, Electroplating, And Anodizing), By Material (Copper, Chrome, Nickel, Zinc, Silver, Gold And Platinum), And By Type (Proprietary Chemicals, Conversion Coating, Cleaning Chemicals, Plating Chemicals, And Food & Beverages): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/metal-finishing-chemicals-market
The global Metal Finishing Chemicals Market is segmented as follows:
By Process
By Material
By Type
By Region
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