The global metal finishing chemicals market is projected to reach USD 11.21 billion by 2021 at a CAGR of 4.7%, in terms of value. The base year considered for the study is 2015 while the forecast period is from 2016 to 2021. The metal finishing chemicals market is driven by increasing usage in the electroplating and polishing processes as these provide high corrosion resistance, durability, wear resistance, and improve the appearance. The report includes an analysis of the metal finishing chemicals market by region, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
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New product launches, mergers, joint ventures, acquisitions, expansions, agreements, and collaborations are the key strategies adopted by industry players to achieve growth in the metal finishing chemicals market. Increasing industrial developments, technological advancements, and demand for metals with excellent physical properties such as high thermal stability, greater chemical resistance, and greater design flexibility have led to the high demand for metal finishing from various end-use industries, which in turn is leading to an increasing demand for metal finishing chemicals. Companies are therefore adopting strategies such as new product launches, expansions, mergers & acquisitions, and agreements. Some of the key players, such as Atotech Deutschland GmbH (Germany), Elementis plc (U.K.), Chemetall (Germany), Houghton International Inc. (U.S.), Platform Specialty Products Corporation (U.S.), and The Dow Chemical Company (U.S.) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the metal finishing chemicals market between 2012 and 2016.
Atotech Deutschland GmbH (Germany) is a leading player in the global metal finishing chemicals market. The company, as a major metal finishing chemicals manufacturer, aims to expand its market share and become one of the most innovative companies in the world. As a part of its growth strategy, in 2017, the company acquired the plating on plastics technology developed by Pegastech (France), which deals in specialty chemicals. This acquisition helped the company in promoting sustainable surface finishing technologies.
Advanced Chemical Company Inc. (U.S) is one of the largest metal finishing chemical manufacturers in the U.S. and one of the largest producers worldwide. As a part of its business strategy, the company focuses on new product development and research, and on the manufacture of superior quality products by employing the latest state-of-the-art technology and improving the efficiency of its operations. In 2016, the company introduced ContrAul - Gold Stripper II, which is designed to strip gold from base metal substrates and without affecting metals such as nickel, kovar, stainless steel, or steel.
Key companies, such as 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) are the most active players in the global metal finishing chemicals market.
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