Trends, opportunities and forecast in metal finishing chemicals market to 2025 by product type (plating chemicals, conversion coatings, cleaning chemicals, and others), by process (electroplating, plating, polishing, anodizing, plasma spray coating, and Others.), materials (zinc, nickel, chromium, aluminum, copper, precious metals, and others), end use industry (automotive, electrical & electronics, aerospace, construction, and others), and region
Lucintel’s latest market report analyzed that metal finishing chemical provides attractive opportunities in the automotive, electrical & electronics, aerospace, construction, and others industries. The metal finishing chemical market is expected to grow at a CAGR of 4% to 6%. In this market, plating chemical is the largest segment by product type, whereas automotive is largest by end use industry.
Based on product type, the metal finishing chemical market is segmented into plating chemicals, conversion coatings, cleaning chemicals, and others. The plating chemical segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to chemicals provide superior surface properties, such as corrosion resistance, wear resistance, hardness as well as electrical conductivity to the metal surface.