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Metal Finishing Chemicals Market is set to record commendable growth between 2024 to 2032 due to rising usage in electroplating and polishing processes. These chemicals offer high corrosion and wear resistance while enhancing the material appearance. Expansive growth of the automotive sector is elevating the demand for several wear-resistant and durable products. The rise in vehicle fleet will positively influence the market demand outlook.
The robust growth in the biopharmaceutical sector and the jump in R&D activities in the metal finishing chemicals space will also present lucrative growth opportunities for manufacturers. The shift towards lightweight materials in industries like automotive and aerospace will drive the need for specialized metal finishing chemicals to enhance surface properties. According to Cirium’s forecast, 45,200 new passenger aircraft will be delivered at an estimated valuation of USD 3.2 trillion between 2023-2042. Printed circuit board surfaces (PCBs) are further expected to make use of metal finishing chemicals for cleaning and etching surfaces.
On the flip side, the surging environmental regulations, increasing raw material costs, and the growing adoption of alternative surface treatment methods, such as electroplating may restrict the market expansion to some extent.
The demand for environmentally friendly chemicals is expected to rise with companies striving to comply with stringent regulations and reduce their environmental footprint. Rising advancements in nanotechnology are promoting the development of high-performance coatings and finishes with improved durability and corrosion resistance. The increasing adoption of automation and robotics in manufacturing processes is spurring the demand for chemicals that are compatible with these systems for consistent and precise application. Furthermore, the growing trend of customization and personalization in consumer products will drive the product adoption.
The zinc material segment is estimated to reflect considerable growth in the metal finishing chemicals industry by 2032, owing to the widespread use of zinc coatings for corrosion protection in industries, such as automotive and construction. Rapid advancements in formulation technologies are enhancing the performance and longevity of zinc-based finishes. Additionally, the push towards sustainable practices is promoting the development of eco-friendly zinc finishing chemicals. The increasing preference for zinc alloys in manufacturing applications is also creating opportunities for specialized chemical treatments to improve surface aesthetics and functionality.
Metal finishing chemicals industry value from the automotive end-user industry segment is anticipated to rise at significant pace through 2032. The is due to the stringent regulations and standards set for corrosion resistance and surface aesthetics. The shift towards lightweight materials like aluminum and magnesium in automotive manufacturing requires specialized surface treatments for improved durability. The rising trend of electric vehicles is necessitating advanced coatings to protect sensitive electronic components. Moreover, the increasing consumer demand for customizable and aesthetically pleasing vehicles is driving innovations in metal finishing chemicals to the meet diverse design requirements.
Asia Pacific metal finishing chemicals market size is estimated to grow at commendable CAGR during the forecast period. The growth can be attributed to the rapid industrialization and urbanization in China and India along with the increasing demand for metal finishing chemicals across automotive, electronics, and construction sectors. The thriving manufacturing industry is driving the need for high-performance surface treatments to enhance product durability and aesthetics. Additionally, the increasing investments in R&D are fueling innovations in metal finishing chemicals. The presence of supportive government initiatives and favorable regulatory frameworks will also boost the regional industry growth.
Key metal finishing chemical industry players are working towards bringing product innovations and diversifications by incorporating business strategies like collaborations, acquisitions, and partnerships.
Some of the major metal finishing chemicals companies are: