The global metal finishing chemicals market is projected to reach USD 11.21 Billion by 2021 at a CAGR of 4.7%. The metal finishing chemicals market has witnessed significant growth in the recent years, and this growth is projected to persist in the coming years as well.

Seattle, WA -- (SBWire) -- 04/10/2017 --The report "Metal Finishing Chemicals Market by Type (Cleaning, Conversion Coating, Proprietary), Process (Electroplating, Polishing, Anodizing), Material (ZN, NI, CR, CU, AU), End Use (Automotive, Electrical & Electronics), Region - Global Forecast to 2021", The metal finishing chemicals market is projected to grow from an estimated USD 8.91 Billion in 2016 to USD 11.21 Billion by 2021, at a CAGR of 4.7%.

Browse 73 market data tables and 47 figures spread through 161 pages and in-depth TOC on "Metal Finishing Chemicals Market - Global Forecast to 2021"

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The market is driven by the growing demand for metal finishing chemicals from the automotive industry, as these impart corrosion resistance, wear resistance, electrical conductivity, electrical resistance, reflexivity and appearance, torque tolerance, hardness, and chemical resistance properties for the metal substrate.

Zinc (Zn): The largest material type segment in the metal finishing chemicals market

Various materials are being used in metal finishing, including zinc, nickel, chrome, copper, gold, silver, and platinum, among others. Among these, zinc is estimated to have accounted for the largest market share due to its easy availability and cost-efficiency. It is also suitable for various applications such as anchors, cleats bolts, coaxial cables, batteries, and plating on plumbing fixtures in the automotive, aerospace & defense, construction, and electrical & electronic industries. Zinc material coating provides benefits such as sacrificial corrosion protection, paint adhesion, decorative coating, and anti-galling to the base metal.

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Automotive: The largest end-use industry in the metal finishing chemicals market

Metal finishing chemicals are used in various end-use industries such as electrical & electronics, automotive, industrial machinery, construction, aerospace & defense, and others. The automotive end-use industry is estimated to have accounted for the largest market share due to the increasing usage of these chemicals in metal finishing for shock absorbers, heat sinks, gears, cylinders, and capacitors. The construction industry is projected to grow at the highest CAGR from 2016 to 2021, in terms of value, among all the industries considered.

Asia-Pacific: The fastest growing market for metal finishing chemicals

The Asia-Pacific region is the fastest growing market for metal finishing chemicals. Factors driving the metal finishing chemicals market in the Asia-Pacific region are:

Growing demand from the end-use industries, such as automotive, electrical & electronics, construction, and industrial machinery in major countries such as China and India

Increasing investments in the metal finishing and plating market in the region

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Key players in the metal finishing chemicals market are, Atotech Deutschland GmbH (Germany), Chemetall (Germany), The Dow Chemical Company (U.S.), Elementis plc (U.K.), Platform Specialty Products Corporation (U.S.), Advanced Chemical Company (U.S.), Coral Chemical Company (U.S.), Houghton International, Inc. (U.S.), McGean-Rohco, Inc. (U.S.), and NOF Corporation (Japan).

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