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Metal finishing chemicals industry report at Technavio predict that the metal finishing chemicals market will grow at a CAGR of around 5% by 2021. The increase in demand for durable and wear-resistant products is identified as one of the primary growth factors for this market. Metal finishing chemicals are used to expand the functional life of the metal products and improve their surface properties for further applications. Manufacturers of electronic products are focusing on these properties to offer product differentiation. For instance, SilcoTek offers Dursan, a durable and corrosion resistant metal coating that provides high efficiency, wear resistance, and durability. This protective coating will eliminate the heat oxidizing effect on stainless steel and improve its surface hardness and wear resistance. With the rising demand for durable and wear-resistant products from various end-user segments, such benefits will significantly boost the metal finishing chemicals market worth.
In terms of geographic regions, North America will be the major revenue contributor to the metal finishing chemicals market during the forecast period. The US is the key contributor to the market in North America, where the presence of numerous manufacturing facilities of players in the electronics and automobile industries drive market growth. Moreover, the rising investments in the residential construction sector also contributes to the growth of the metal finishing chemicals market size in the region.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by types
PART 07: Market segmentation by end-users
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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