The Global Metal Finishing Chemicals Market size is expected to reach $13.6 billion by 2025 - KBV Research

Technology

According to a new report Global Metal Finishing Chemicals Market, published by KBV Research, The Global Metal Finishing Chemicals Market size is expected to reach $13.6 billion by 2025, rising at a market growth of 5.13% CAGR during the forecast period.

Due to the presence of a large number of growing manufacturing and automotive industries, North America led the market in 2018. Nonetheless, due to increasing automotive manufacturing in countries like India, China, Indonesia, and Thailand, Asia Pacific is projected to experience the CAGR of 6.53% in the forecast period. Europe has been estimated to rise as the second-largest regional segment over the forecast period. As a result of increasing automotive production, manufacturing, and demand from developed nations such as Spain, France, and Italy, it is likely to see steady growth during with a CAGR of 4.76% in the next few years.

Electroplating emerged as the largest process segment in 2017 and accounted for a substantial market share. This process is primarily used in plating and electrical and electronic plating for automotive applications. The Electroless Plating market would witness a CAGR of 4.7% during (2019 - 2025).

Plating chemicals dominated the product segment in 2018. These chemicals are known to offer superior surface properties like wear resistance, resistance to corrosion, hardness, and metal surface electrical conductivity. The Conversion Coatings market is anticipated to witness a CAGR of 4.7% during (2019 - 2025).

The Automotive market dominated the Global Metal Finishing Chemicals Market by Application in 2018, growing at a CAGR of 4.8% during the forecast period. The Electrical & Electronics market is expected to witness a CAGR of 4.7% during (2019 - 2025).

Structural Insights: https://www.kbvresearch.com/metal-finishing-chemicals-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of BASF SE (Chemetall Group),Advanced Chemical Company, Elementis PLC, The Dow Chemical Company, Coral Chemical Company, McGean-Rohco, Inc., Element Solutions, Inc, Quaker Houghton Corporation, Asterion LLC, and A Brite Company.

Recent Strategies Deployed in Metal Finishing Chemicals Market

» Partnerships, Collaborations and Agreements:

Nov-2019: Elementis came into partnership with DKSH in China. In this partnership, DKSH will provide its sales and marketing, distribution, logistics, and key customers management to Elementis for its resins, coating additives, and talc fillers.
May-2018: BASF extended its agreement with Univar, a global ingredient and chemical distributor. In this agreement, Univar has been including the care chemical business of BASF for the U.S. home, Industrial & Institutional, as well as Vehicle Care product lines. BASF's Care Chemical business provides a wide portfolio of products for personal care, hygiene, industrial & institutional cleaning, home care, and technical applications.
Apr-2018: A Brite Company partnered with Hubbard-Hall, an independent chemical supplier company in the U.S. The partnership enables Brite to represent the Hubbard-Hall's product line to its customers, which provides the competitive advantage to the company.

» Acquisition and Mergers:

Dec-2019: Element Solutions acquired Kester from Illinois Tools Works, Inc. Kester is a global supplier of advanced technology assembly materials that are used in semiconductor and electronic assembly applications.
Oct-2019: Quaker Houghton took over the operating divisions of Norman Hay PLC, a UK company that provides specialty chemicals. The acquisition adds the new technologies, which provides the company, a strategic opportunity to take advantage of external market trends.
Jan-2019: BASF's surface treatment global business unit operating under the brand Chemetall, signed an agreement to acquire automotive paint detackification business of Polymer Ventures, Inc. The paint detackification technology is a process that used to capture and neutralize paint overspray; it also complements the Chemetall’s surface treatment products, which are designed for optimally preparing the metal surfaces for painting process.
Nov-2017: Advanced Chemical took over the certain assets of Mutual Metals, Inc. The acquisition expands the customer base of the company while broadening its services and product offerings. This acquisition enhances the customer experience by leveraging the advanced capabilities of both the companies together.

» Expansions:

Sep-2019: BASF's surface treatment global business operating under Chemetall, expanded its reach to China by opening a new surface treatment site in Pinghu. The expansion is focused towards the fulfillment of growing needs of the customers in China for reliable, sustainable, and high-quality surface treatment products and system solutions.

Global Metal Finishing Chemicals Market Segmentation

By Product