Global Metal Finishing Chemicals Market 2017-2021: End-user Segments and Forecasts by Technavio

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global
metal finishing chemicals market is expected to grow at a
CAGR of more than 4% during the forecast period.

This research report titled ‘Global
Metal Finishing Chemicals Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This report also includes an up to date analysis and forecasts for
various market segments and all geographical regions.

According to Mahitha Mallishetty, a lead analyst at Technavio for specialty
chemicals research, “The global metal finishing chemicals
market is expected to experience steady growth during the forecast
period because of the increasing demand from various end-user
industries. Increasing use of bio-based eco-friendly metal finishing
chemicals and stringent environmental regulations are expected to drive
the market during the forecast period.”

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The market research analysis categorizes the global metal finishing
chemicals market into four major product segments. They are:

• Automobiles
• Electrical and electronics
• Industrial machinery
• Construction

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Global metal finishing chemicals market for automobiles

The automobile industry is driving the demand for metal finishing
chemicals as automobile manufacturers are finding innovative ways to
improve and protect their automotive parts from external corrosive
forces. Automobile manufacturers use various metal finishing techniques
such as electroplating, which resist corrosion and wear and help in
tarnish prevention. For instance, zinc-nickel alloy plating is used to
improve brightness and shine of the finished metal parts. Palladium
plating is used in catalytic converters. Moreover, with increasing use
of coated steel and aluminum in automobiles, the demand for metal
finishing chemicals in this segment is on the rise.

Global metal finishing chemicals market for electrical and electronics

Metal finishing chemicals are used in the manufacturing of many consumer
durables such as flat panel displays, smartphones, personal computers,
air conditioner units, printed circuit boards, and control panel
insulations, which not only give electric conductivity but also offer
scratch resistance.

Most used metal finishing chemicals are indium, tin oxide, and silicon.
For instance, electrically conductive coatings are predominantly used in
the electronic potting of circuit boards, which are used in consumer
electronic goods such as light emitting diode screens. Metal finishing
chemicals are also used to increase the aesthetic look of full metal
body smartphones.

Global metal finishing chemicals market for industrial machinery

Industrial manufacturers are widely using metal finishing chemicals for
cleaning solutions to clean the machinery and equipment periodically.
This helps to maintain the machinery and improve the operational
efficiency.

“Metal finishing chemicals increase the durability, resistivity, and
efficiency of machinery, due to which they are widely used in
manufacturing industries in both developed and developing economies.
Thus, the growth of the industrial machinery market and increasing
demand from APAC are expected to trigger the demand for metal finishing
chemicals during the forecast period,” says Mahitha.

Global metal finishing chemicals market for construction

The construction industry is one of the fast-growing end-user segments
of the global metal finishing chemicals market. Increasing population
and rapid urbanization are the main factors influencing the growth of
the residential and non-residential construction sectors.

The metals that are consumed in the construction of these structures
such as bridges use metal finishing chemicals to provide superior
durability and minimal maintenance so that they can withstand harsh
weather conditions and chemical corrosion. Therefore, the growing global
construction industry is expected to fuel the demand for metal finishing
chemicals during the forecast period.

The top vendors highlighted by Technavio’s market research analysts in
this report are:

• BASF
• Elementis
• NOF CORPORATION
• Platform Specialty Products
• The Dow Chemical Company

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