Global Metal Finishing Chemicals Market Report 2022: Market Reach $11.5 Billion by 2026

DublinAnd 26 May 2022 /PRNewswire/- The Metal Finishing Chemicals – Global Market Path & Analysis Report added to ResearchAndMarkets.com an offer.

Global metal finishing chemicals market to reach $11.5 billion by 2026

The global market for metal finishing chemicals is estimated at 9 billion US dollars In 2020, it is expected to reach a revised size of 11.5 billion US dollars by 2026, at a compound annual growth rate of 4.2% during the analysis period.

Growth in the metal finishing market is closely related to the pace of economic growth and the level of manufacturing activity, along with end-use market dynamics such as capital expenditure investments in plant expansions and upgrades. In the pre-COVID period, growth was driven by the increasing demand for wear-resistant and ever-growing products from various end-use industries and is expected to fuel the metal finishing chemicals market.

The market benefited from stable auto production trends, strong demand for consumer electronics, parallel increase in production activity, steady recovery of construction sector and resulting improvement in business climate for related markets and technologies including heavy equipment and machinery.

There has been an increasing adoption of environmentally friendly measures to ensure compliance with stipulated regulations. After a pause in growth caused by the pandemic, the market will bounce back due to the already strong commercial value of safe industrial chemicals in metal finishing such as detergents and degreasers.

Coatings chemicals, one of the sectors analyzed in the report, is expected to grow at a CAGR of 4.1% to reach 4.5 billion USD at the end of the analysis period. After a comprehensive analysis of the commercial effects of the epidemic and the resulting economic crisis, the growth in the cleaning chemicals sector was readjusted to a compound annual growth rate of 4.8% for the next seven years.

This segment currently accounts for 25.9% of the global metal finishing chemicals market. Copper plating chemicals are expected to witness robust growth in demand, mainly due to the increased use of copper interconnection technology. The cleaning chemicals sector is expected to grow as fast as possible led by their increasing acceptance in many end use sectors including industrial machinery, construction, aviation, automotive, manufacturing, electrical and electronics. Cleaning chemicals continue to find increasing demand, due to their ability to remove metal oxides, carbon chars, coil compounds, oils and coolants that are deposited on metal surfaces during metal finishing processes.

The US market is estimated at $2.2 billion In 2021, while it is expected to arrive in China $1.8 billion by 2026

The story continues

The metal finishing chemicals market in the United States is estimated at 2.2 billion USD In 2021. The country currently holds 24.27% of the world market share. Chinathe world’s second largest economy, is expected to reach an estimated market size of 1.8 billion US dollars in 2026, lagging behind a compound annual growth rate of 6.6% over the analysis period.

Among other noteworthy geomarkets Japan And CanadaBoth are expected to grow by 2.2% and 2.5%, respectively, during the analysis period. inside EuropeAnd Germany It is expected to grow at around 3.8% while the rest of the European markets will reach (as defined in the study) 1.9 billion USD at the end of the analysis period.

The United States remains a major market for metal finishing chemicals due to the large number of production facilities operated by participants in the automotive and electronics industries. European metal finishing chemicals market is expected to register stable growth led by countries like FranceAnd Spain And ItaliaThe steady growth of the manufacturing industry. Asia Pacific It ranks as the fastest growing regional market driven by the industrial machinery, aerospace and automotive industries that are still in the development stage.

Transform coatings sector to reach $2.4 billion by 2026

Transformational coatings are usually thin layers, which make the metal surface highly resistant to corrosion and allow the applied coating to continue. Transformational coatings significantly improve the adhesive property of the metal surface and also prevent deterioration.

In the global conversion coating sector, United States of AmericaAnd CanadaAnd JapanAnd China And Europe It will increase the estimated compound annual growth rate of 3.8% for this segment. These regional markets represent the combined market size of 1.4 billion US dollars In 2020, the expected volume will reach 1.9 billion USD at the end of the analysis period.

China It will remain among the fastest growing in this group of regional markets. led by countries like AustraliaAnd IndiaAnd South Koreathe market in Asia Pacific expected to arrive 265.3 million US dollars By 2026 when Latin america It will expand at a compound annual growth rate of 5.4% during the analysis period.

Main topics covered:

I. METHODOLOGY

Secondly. Executive Summary

1. Market Overview

• Influential Market Insights

• Global Market Tracks

• Competitive Market Presence – Strong / Active / Specialized / Trivial to Worldwide Players in 2022(e)

• Surface preparation: an important part of the metal product manufacturing process

• These are times when there are many questions and few answers

• So how fast or slow do you move?

• Strong economic recovery in 2021 based on pent-up demand comes as relief for struggling industries and markets

• Reducing unemployment levels in 2021 although the moderation will give hope to industries that depend on the discretionary income of the consumer

• Retrospective review of 2020 as the worst year in human history that left the world in shambles and industries and markets upside down

• How are major end-use industries affected by the pandemic and what is the new normal?

• End-use automobile industry

• Machinery industry and end use

• Semiconductor end use industry

• Electronics end use industry

• Aviation Industry End Use Sector

• How is this end use industries scenario going towards the metalworking industry now and going forward?

• Metal Finishing Chemicals: Definition, Scope, Types and Applications

• Recent market activity

• innovations

2. Focus on identifying players (total of 139 featured)

• Advanced Chemicals Company

• Atotech Deutschland GmbH

• Chemetall GmbH

• Coral Chemicals Company

• DuPont de Nemours, Inc.

• Element Solutions Inc.

• MacDermid, Inc.

• Elements plc

• Houghton International.

• McGinn Rohko Company

• NOF North America Metallic Paint

• PPG Industries, Inc.

• Quaker Chemicals Company

• Solvay S

3. Market trends and drivers

• Here’s what to expect in the post-COVID-19 market

• Reviving key end-use markets will stimulate the recovery of demand for metal finishing chemicals

• Revitalizing the airline industry as travel restrictions ease

• The increase in manufacturing activity, maintenance operations and sanitation will lead to a parallel increase in the demand for metal finishing chemicals

• Auto production rebounds with the economy reviving

• Electronics production jumps after pandemic, thanks to epidemiological and electronic induced digitization

• Environmental concerns and strict anti-pollution laws dent future growth prospects

• Electroplating chemicals bear the brunt of growing environmental concerns

• Hexavalent chromium-plated buckles under environmental stress

• Non-chromium passivation (NCP) is shown as an alternative to hexavalent chromium

• Switching to environmentally friendly chemicals to refine metals leads to fires with high temperature in inorganic chemical solutions

• Bio-based industrial metal cleaning chemicals see encouraging gains

• Environmental advantages stimulate the popularity of powder coating

• Automation trends appear high above surface finishing processes. Here’s what the market is experiencing

4. Global market perspective

Third. Regional Market Analysis

Fourthly. competition

For more information on this report, visit https://www.researchandmarkets.com/r/y5srye

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SOURCE Research & Markets