The Metal Finishing Chemicals Market is a rapidly growing industry that deals with the production of chemicals used in metal finishing processes. Metal finishing involves applying chemical coatings to metals such as steel, aluminum, brass and copper for various purposes including corrosion protection, wear resistance and aesthetic appeal. Metal finishing chemicals are also used to remove rust from surfaces or to enhance certain properties of the metal surface. The global Metal Finishing Chemicals Market was valued at USD 8 billion in 2019 and is projected to reach a value of around USD 13 billion by 2026, exhibiting a CAGR of 7% during this period.
The rising demand for metal components across various industries has been driving the growth of the Metal Finishing Chemicals Market over recent years. Automotive manufacturers require coating solutions that provide superior corrosion protection while improving aesthetics and performance characteristics such as lubricity, hardness and electrical conductivity. Similarly, aerospace applications require specialized coatings that can withstand extreme temperatures while providing excellent durability against abrasion and other forms of damage. As these requirements become increasingly stringent due to technological advancements in aircraft design and construction materials, it is expected that demand for Metal Finishing Chemicals will continue to rise over the forecast period.
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The growing demand from end-use industries such as automotive & transportation will be one of the key factors driving market growth over the forecast period. Automotive industry requires metal parts for manufacturing automobiles which require corrosion resistant coatings that can provide protection against harsh weather conditions, dust particles or any other environmental hazards that may hamper its performance leading to increased demand for these chemicals in this sector during forecast period . Additionally , increasing disposable incomes across emerging economies coupled with rising consumer spending on electronic appliances is also likely to create potential opportunities for manufacturers operating in this space during forecast period 2021 -2027 .