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GIA announces the release of a comprehensive global report on Metal Finishing Chemicals markets. Global demand for Metal Finishing Chemicals is projected to reach US$9.5 billion by 2020, driven by the need to enhance product value by improving the feel and appearance of products.
San Jose, California (PRWEB) July 08, 2014
Metal finishing is essential for improving the appearance of surfaces through the use of a wide range of chemical processes ranging from nickel plating and gold plating to powder coating. Opportunities in the market are closely linked to the health of the manufacturing sector, with future growth expected to be shaped by resurgent demand from key sectors such as electronics, heavy equipment and machinery, automobile, and appliances. Spiraling sales of portable electronic devices such as smartphones, laptops, ultrabooks, MP3 players, cameras, among others, is driving the focus on product surface appearance. Smartphones with metal finished body portray beauty and aesthetic appeal in addition to making the device easy to carry and incredible to hold.
The automotive industry represents another major end-use market for metal finishing solutions, with growth driven by growing consumer demand for new and better looking vehicles. Strong automobile production in developing markets is poised to benefit growth in this sector. Despite the opportunities offered, stringent environmental regulations curbing toxic chemical air emissions associated with metal finishing processes, and the continuous shift towards engineered plastics in vehicle body applications, will present challenges to growth in the coming years. Plating Chemicals represents the largest product market, with electroless plating witnessing rapid growth in demand. Growing popularity of modern kitchen and bathroom plumbing fixtures is a major factor responsible for fueling demand for high-end plating chemicals. Copper plating chemicals are expected to offer strong growth mainly due to the increasing use of copper interconnect technology in the information technology and consumer electronics industries. With the potential to transform mobile electronics, copper-based interconnects will drive a major share of demand growth for metal finishing chemicals.
As stated by the new market research report on Metal Finishing Chemicals, the United States represents the single largest market worldwide. Launch of advanced and improved chemicals developed to comply with stringent performance specifications represents a key factor driving growth in the country. Asia-Pacific, led by China and India, ranks as the fastest growing market with a CAGR of 7.7% over the analysis period. The regions emergence as a manufacturing hub supported by low raw material cost, cheap labor and close proximity to growing markets, is providing a major boost to demand for metal finishing chemicals. Other factors driving growth in the region include steady population growth, rapid urbanization, robust industrialization, healthy infrastructure development, and GDP gains.
Major players covered in the report include Advanced Chemical Company, Atotech Deutschland GmbH, Chemetall, Coral Chemical Co., Dow Chemical Company, Elementis Chromium LP, Enthone Inc., Houghton International Inc., MacDermid Incorporated, McGean Specialty Chemicals Group, NOF Metal Coatings North America, PPG Industries, and Quaker Chemical Corporation among others.
The research report titled "Metal Finishing Chemicals: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East, and Latin America. Product segments analyzed include Plating Chemicals, Conversion Coatings, Cleaning Chemicals, and Proprietary Additives & Others. In addition, the report analyzes the market by the following end-use applications - Electronics & Electrical, Aerospace, Motor Vehicle Equipment, Industrial Machinery, and Others.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Metal_Finishing_Chemicals_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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