The Asia Pacific Metal Finishing Chemicals Market would witness market growth of 6.53% CAGR during the forecast period (2019-2025).
Metal finishing chemicals are used extensively across various end-use industries such as electrical & electronics, automobile, industrial machinery, construction, and aerospace & defense. Automotive is the leading metal finishing chemicals market segment. Metal finishing chemicals help to protect automotive parts from corrosion and chemical reactions, such as the engine, shock absorbers, gears, body, rim, cylinder, and radiator. The expansion of the automotive industry is expected to drive the market in developing countries like China, India, Thailand, and Indonesia. In addition, government initiatives, such as the Indian government's Make in India policy, are some of the major drivers for automotive manufacturing and development in these regions that are likely to accelerate growth further.
An increase in the demand for this product can be associated with the properties of metal finishing chemicals, such as corrosion resistance, wear, electrical, hardness, torque, and chemicals combined with electrical conductivity, metal surface appearance, and reflectivity. An increase in automotive production is expected to drive demand for these chemicals from the automotive sector, especially in China, Indonesia, India, and Thailand. Increasing demand for passenger cars in India and China in conjunction with rising disposable income is anticipated to fuel the automotive market further, which will eventually boost demand during the forecast period.
Based on Product, the market is segmented into Plating Chemicals, Cleaning Chemicals, Conversion Coatings, and Other Products. Based on Application, the market is segmented into Automotive, Electrical & Electronics, Aerospace, Construction and Other Applications. Based on Process, the market is segmented into Electroplating, Chemical & Electro-chemical Conversion, Electroless Plating and Other Process. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Metal Finishing Chemicals Market in Asia Pacific is expected to register a CAGR of 6.53% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Market Segmentation:
By Product
By Application
By Process
By Country
Companies Profiled
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