Market Size of Metal Finishing Chemical Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Metal Finishing Chemical Market Analysis
The market for metal finishing chemical is expected to grow at a CAGR of around 5% globally. Major factor driving the market studied is the increasing automotive fleet size, along with increased demand for durable and wear resistant products. On the flip side, replacement of metals by plastics and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
- Growing adoption of bio-based cleaning chemicals is anticipated to create further growth opportunities for the market.
- The automotive industry is expected to dominate the end-user industry segment of the global metal finishing chemical market as it offers properties such as corrosion resistance, wear and tear resistance, electrical conductivity among others.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.
