Global Metal Finishing Chemicals Market is Growing at a Significant Rate in the Forecast Period 2018-2025
Global Metal Finishing Chemicals Market is expected to reach USD 13,608.90 Million by 2025 from USD 9,390.00 Million in 2017, at a CAGR of 4.9% in the forecast period 2018 to 2025.
(EMAILWIRE.COM, October 01, 2018 ) Global Metal Finishing Chemicals Market is expected to reach USD 13,608.90 Million by 2025 from USD 9,390.00 Million in 2017, at a CAGR of 4.9% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Segmentation: Global Metal Finishing Chemicals Market
Global Metal Finishing Chemicals Market , By Chemical Type (Plating Chemicals, Proprietary Chemicals, Cleaning Chemicals, Conversion Coating Chemicals), Process (Electroplating, Plating, Anodizing, Carbonizing, Polishing, Thermal or Plasma Spray Coating, Others), Material (Zinc, Nickel, Chromium, Aluminum, Copper, Precious Metals, Others), End-User (Automotive, Electricals & Electronics, Industrial Machinery, Aerospace & Defense, Construction, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)– Industry Trends and Forecast to 2025
Drivers: Global Metal Finishing Chemicals Market
One of the major factor driving the market for global metal finishing chemicals market is growing demand in automotive sector, growing printed circuit board (PCB) demand in the electronics industry and demand of metal finishing chemicals in aerospace maintenance, repair and overhauls are the factors which will boost the Global metal finishing chemicals market.
GROWING DEMAND IN AUTOMOTIVE SECTOR
At global level, the automobile industry is considered to be the one of the leading and the fastest growing industries due to the continuous upwards trend witnessed in demand and supply. According to Statista, in 2015, 32,732,473 units of passenger cars were sold in the Asia Pacific region which was relatively more as compared to 2014, which were 31,472,644 units. Continuous research and development activities along with the improvement in the auto industry’s technology cooperation, meeting up the regulatory and technical standards, energy security, and automatic robotic cars is leading to growth of the automotive sector.
Automotive coating materials and its related processes are used for coating of the automobile surfaces, which represents the modern grade of technology which is proficient of making durable surfaces. As a result, it enhances the appearance, meets environmental regulations and also exceeds its efficiency. Factors which help in driving the utilization as well as development of automotive coatings and coating technologies are mass production, appearance and durability, aesthetic characteristics, cost and environmental requirements and corrosion protection. For instance, Government of Malaysia focuses on electric vehicle (EV) and Hybrid technology and on Energy Efficient Vehicles (EEV) program which are flexible and are customized based on automaker’s proposal. Under this programme, Honda Jazz, Perodua Axia, E300 BlueTec Hybrid and Mercedes-Benz S400L Hybrid do gets varying incentive.
Towards all metal finishing applications is the exact substrate surface preparation. Weight savings is considered to be the important automotive priority. As, well proven plating on magnesium or aluminum pretreatments, delivers the ability to process these light metals with functional finishes and superior decorative. According to International Organization of Motor Vehicle Manufacturers (OICA), in 2017, total automotive production in Malaysia is 460,140, out of which 424,880 comprises of cars and around 35,260 commercial vehicles. Moreover, according to India Brand Equity Foundation, production of passenger vehicles, commercial vehicles, three wheelers and two wheelers grew at 11.3% year on year between April and December 2017 to 21,415,719 vehicles and the sales of passenger vehicles and two wheelers grew by 5.2% and 40.3% year on year respectively in December 2017. According to International Trade Association, U.S. light vehicle production reached almost 12 million passenger vehicles in 2016 and light vehicle sales reached 17.5 million units in 2016. Hence, it can be said that metal finishing chemical plays a vital role in automotive sector and thus will lead to rise in demand of automotive sector.
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GROWING PRINTED CIRCUIT BOARD (PCB) DEMAND IN THE ELECTRONICS INDUSTRY
A printed circuit board (PCB) is considered to be the board base for physically supporting as well as wiring of the socketed components and surface-mounted in most of the electronics. PCB can either be single layer or multiple layer each depending upon the devices. Due to the increasing production of electronic components and devices in Asia Pacific region is driving the demand of PCB. According to Malaysian Investment Development Authority (MIDA), in 2016, the electrical & electronics (E&E) industry is considered to be the top sector in Malaysia’s manufacturing sector, which contributes 36.6% to country’s exports and 25.3% in employment. Hence, the growth in the consumer electronic market will be due to rise in communication, consumer electronic products and computer or peripheral being propelled by increase in per capita income and urbanization, economic expansion and others. For instance, in Malaysia, 2017, electronics consumer production was USD 854.0 million, as stated by Yearbook of World Electronics Data 2016. Another example, According to Asian Development Bank (ADB), In Asia Pacific, Gross domestic product (GDP) will expand by 5.7% in 2016 and 2017 as compared to 2015 which has slow down from 5.9%.
According to ZVEI – German Electrical and Electronic Manufacturers’ Association, in 2015, the global production revenue of electrical & electronics sector is USD 4,903.7 billion and is expected to grow at the CAGR of 4.0% in 2018. Furthermore, Asia-Pacific is the fastest growing and high revenue generating market. The growth in the electrical & electronics sector will make the demand for the PCB’s and lead to the growth of overall PCB market around the world.
Hence, with rise in the electronic it will lead to the increase in the demand of printed circuit board (PCB), which in result metal finishing chemical market will grow. As, majorly metal finishing chemicals are being utilized in the manufacturing of printed circuit board (PCB) with a process named as etching methods. This method include dipping, spraying, jet stream and cascade rinsing which will help in removing copper from the uncovered areas.
Major Players: Global Metal Finishing Chemicals Market
Some of the major players operating in this market are
• DowDuPont,
• PLATFORM SPECIALTY PRODUCTS CORPORATION,
• NOF Corporation,
• ELEMENTIS PLC. ,
• Atotech,
• Chemetall GmbH,
• Houghton International Inc.,
• Coventya International,
• Uyemura & Co., Ltd.,
• McGean-Rohco, Inc.,
• Raschig GmbH,
• Wuhan Jadechem International Trade Co., Ltd. ,
• Grauer & Weil India Ltd.,
• Henkel AG &Co. KGAA,
• Quaker Chemical Corporation,
• Advanced Chemical Company,
• Coral,
• A Brite Company,
• Industrial Metal Finishing Company among others.
Access Full Report: http://databridgemarketresearch.com/reports/global-hla-typing-transplant-diagnostics-services-market/
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
Get free sample @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-metal-finishing-chemicals-market
Segmentation: Global Metal Finishing Chemicals Market
Global Metal Finishing Chemicals Market , By Chemical Type (Plating Chemicals, Proprietary Chemicals, Cleaning Chemicals, Conversion Coating Chemicals), Process (Electroplating, Plating, Anodizing, Carbonizing, Polishing, Thermal or Plasma Spray Coating, Others), Material (Zinc, Nickel, Chromium, Aluminum, Copper, Precious Metals, Others), End-User (Automotive, Electricals & Electronics, Industrial Machinery, Aerospace & Defense, Construction, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)– Industry Trends and Forecast to 2025
Drivers: Global Metal Finishing Chemicals Market
One of the major factor driving the market for global metal finishing chemicals market is growing demand in automotive sector, growing printed circuit board (PCB) demand in the electronics industry and demand of metal finishing chemicals in aerospace maintenance, repair and overhauls are the factors which will boost the Global metal finishing chemicals market.
GROWING DEMAND IN AUTOMOTIVE SECTOR
At global level, the automobile industry is considered to be the one of the leading and the fastest growing industries due to the continuous upwards trend witnessed in demand and supply. According to Statista, in 2015, 32,732,473 units of passenger cars were sold in the Asia Pacific region which was relatively more as compared to 2014, which were 31,472,644 units. Continuous research and development activities along with the improvement in the auto industry’s technology cooperation, meeting up the regulatory and technical standards, energy security, and automatic robotic cars is leading to growth of the automotive sector.
Automotive coating materials and its related processes are used for coating of the automobile surfaces, which represents the modern grade of technology which is proficient of making durable surfaces. As a result, it enhances the appearance, meets environmental regulations and also exceeds its efficiency. Factors which help in driving the utilization as well as development of automotive coatings and coating technologies are mass production, appearance and durability, aesthetic characteristics, cost and environmental requirements and corrosion protection. For instance, Government of Malaysia focuses on electric vehicle (EV) and Hybrid technology and on Energy Efficient Vehicles (EEV) program which are flexible and are customized based on automaker’s proposal. Under this programme, Honda Jazz, Perodua Axia, E300 BlueTec Hybrid and Mercedes-Benz S400L Hybrid do gets varying incentive.
Towards all metal finishing applications is the exact substrate surface preparation. Weight savings is considered to be the important automotive priority. As, well proven plating on magnesium or aluminum pretreatments, delivers the ability to process these light metals with functional finishes and superior decorative. According to International Organization of Motor Vehicle Manufacturers (OICA), in 2017, total automotive production in Malaysia is 460,140, out of which 424,880 comprises of cars and around 35,260 commercial vehicles. Moreover, according to India Brand Equity Foundation, production of passenger vehicles, commercial vehicles, three wheelers and two wheelers grew at 11.3% year on year between April and December 2017 to 21,415,719 vehicles and the sales of passenger vehicles and two wheelers grew by 5.2% and 40.3% year on year respectively in December 2017. According to International Trade Association, U.S. light vehicle production reached almost 12 million passenger vehicles in 2016 and light vehicle sales reached 17.5 million units in 2016. Hence, it can be said that metal finishing chemical plays a vital role in automotive sector and thus will lead to rise in demand of automotive sector.
Inquire before buying @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-metal-finishing-chemicals-market
GROWING PRINTED CIRCUIT BOARD (PCB) DEMAND IN THE ELECTRONICS INDUSTRY
A printed circuit board (PCB) is considered to be the board base for physically supporting as well as wiring of the socketed components and surface-mounted in most of the electronics. PCB can either be single layer or multiple layer each depending upon the devices. Due to the increasing production of electronic components and devices in Asia Pacific region is driving the demand of PCB. According to Malaysian Investment Development Authority (MIDA), in 2016, the electrical & electronics (E&E) industry is considered to be the top sector in Malaysia’s manufacturing sector, which contributes 36.6% to country’s exports and 25.3% in employment. Hence, the growth in the consumer electronic market will be due to rise in communication, consumer electronic products and computer or peripheral being propelled by increase in per capita income and urbanization, economic expansion and others. For instance, in Malaysia, 2017, electronics consumer production was USD 854.0 million, as stated by Yearbook of World Electronics Data 2016. Another example, According to Asian Development Bank (ADB), In Asia Pacific, Gross domestic product (GDP) will expand by 5.7% in 2016 and 2017 as compared to 2015 which has slow down from 5.9%.
According to ZVEI – German Electrical and Electronic Manufacturers’ Association, in 2015, the global production revenue of electrical & electronics sector is USD 4,903.7 billion and is expected to grow at the CAGR of 4.0% in 2018. Furthermore, Asia-Pacific is the fastest growing and high revenue generating market. The growth in the electrical & electronics sector will make the demand for the PCB’s and lead to the growth of overall PCB market around the world.
Hence, with rise in the electronic it will lead to the increase in the demand of printed circuit board (PCB), which in result metal finishing chemical market will grow. As, majorly metal finishing chemicals are being utilized in the manufacturing of printed circuit board (PCB) with a process named as etching methods. This method include dipping, spraying, jet stream and cascade rinsing which will help in removing copper from the uncovered areas.
Major Players: Global Metal Finishing Chemicals Market
Some of the major players operating in this market are
• DowDuPont,
• PLATFORM SPECIALTY PRODUCTS CORPORATION,
• NOF Corporation,
• ELEMENTIS PLC. ,
• Atotech,
• Chemetall GmbH,
• Houghton International Inc.,
• Coventya International,
• Uyemura & Co., Ltd.,
• McGean-Rohco, Inc.,
• Raschig GmbH,
• Wuhan Jadechem International Trade Co., Ltd. ,
• Grauer & Weil India Ltd.,
• Henkel AG &Co. KGAA,
• Quaker Chemical Corporation,
• Advanced Chemical Company,
• Coral,
• A Brite Company,
• Industrial Metal Finishing Company among others.
Access Full Report: http://databridgemarketresearch.com/reports/global-hla-typing-transplant-diagnostics-services-market/
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
Contact Information:
Data Bridge Market Research
Data Bridge Market Research
Tel: +1-888-387-2818
Email us
----
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Data Bridge Market Research
Data Bridge Market Research
Tel: +1-888-387-2818
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results