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Metal Finishing Chemicals Market Size 2024 - What Are The Main Factors That Contributing Towards Electronics & Electrical Industry Growth?

Author : Ronak Bora | Published Date : 2019-05-30 

Global Metal Finishing Chemicals Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecast. It provides top manufacturers information along with manufacturing cost analysis, industrial chain, sourcing strategy and growth.

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Metal Finishing Chemicals Market size is estimated to grow at a moderate CAGR in the forecast period.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 industry, 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.

Rising demand from the automobile and electronics & electrical industry are the primary drivers for the global metal finishing chemicals market. The product has a huge demand in the aerospace and automobile equipment industry. Owing to this huge demand from the degreasing and cleaning of equipment, aerospace is projected to be a primary and fastest growing industry for this market. Moreover, considering the automotive industry, metal finishing chemicals impart resistance to chemicals, hardness, wear resistance, electrical resistance, electrical conductivity, corrosion resistance, torque tolerance, reflexivity & appearance. Also, other industries in which metal finishing chemicals are used by the end-users are the transportation equipment and industrial machinery.

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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 market in this region. Hence companies have a greater scope and future opportunity in this region owing to a growing market demand.

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 market 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.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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