Asia Pacific is the fastest growing metal finishing chemicals market. There is a rising demand for the product in countries such as India, China and Japan as these countries have a developing market for automobile, electronics and aerospace industry. Japan and China are the major consumers in the Asia Pacific market while India is projected to be the fastest growing metal finishing chemicals industry in this region. Hence companies have a greater scope and future opportunity in this region owing to a growing market demand.
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Some of the materials used in metal finishing are platinum, silver, gold, copper, chrome, nickel and zinc. Among these, zinc is expected to have accounted for a major chunk of the metal finishing chemicals market share due to its cost efficiency and easy availability. It is also suitable for various applications namely plating, batteries, coaxial cables, cleats bolts and anchors on the plumbing fixtures in the electronics, electrical, construction, defense, aerospace and automotive industries. Moreover, zinc material coatings also provide benefits such as anti-galling to the base metal, decorative coating, paint adhesion and corrosion protection.
Metal finishing chemicals are used in the printed circuit boards and other electronic devices. Cleaning and etching of these surfaces is also done with the help of metal finishing chemicals. They are also used in the degreasing and cleaning of metal substrates such as nickel, aluminum and steel. Moreover, they are also used to etch, plate and clean metallic surfaces and augment their characteristics and physical appearance. They also help to control and alter several surface properties such as electrical conductivity, chemical resistance, hardness, reflectivity & appearance, wear resistance, electrical resistance, tarnish resistance, and corrosion resistance. In the metal finishing chemicals market, electrochemical conversion, electroless plating, chemical conversion and electrolytic plating are the processes mainly used.
The supportive processes used along with the processes mentioned above are cleaning, polishing, etching, pickling and degreasing. Metal finishing chemicals market is dominated by electroplating chemical process followed by galvanization process and electroless plating. Metal coating processes such as thermal spray coatings and vapor deposition are also likely gain importance in the coming years.
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North America is the leading region in terms of demand. North America is followed by Europe as the demand in this region is huge owing to the developing automotive and manufacturing market. Specific countries such as the UK and Germany in Europe have the largest demand for metal finishing chemicals. Furthermore, huge demand from the aerospace, electronics and electrical industry in the U.S. has the largest demand for this market. Rest of the globe is projected to have a stable demand for metal finishing chemicals market in the coming years.
At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the metal finishing chemicals market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
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The metal finishing chemicals market is fragmented. However, still, this sector is dominated by some key players with global presence. Some of the major manufacturers in the metal finishing chemicals industry are Quaker Chemicals Corp., McGean Specialty Chemicals Group, Lonza Group, C. Uyemura & Co. Ltd., Coral Chemical Co., Atotech Deutschland GmbH and Advanced Chemical Company to name a few.
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