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.
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