Asia Pacific metal finishing chemicals market is expected to reach USD 3,757.86 Million by 2025 from USD 2,356.89 Million in 2017, at a CAGR of 6.2% in the forecast period 2018 to 2025.
The major factors driving the growth of this market are the growing demand in automotive sector, growing printed circuit board (PCB) demand in the electronics industry and demand of metal finishing chemicals in aerospace maintenance, repair and overhauls are the factors which will boost the Asia Pacific metal finishing chemicals market. On the other hand replacement of metal by plastic and regulations on waste water management and hazardous waste disposal may hinder the growth of the Asia Pacific metal finishing chemicals market.
The key market players for Asia-Pacific metal finishing chemicals market are listed below;
DowDuPont
NOF CorporationPLATFORM
SPECIALTY PRODUCTS CORPORATION
The market is further segmented into;
Chemical Type
Process
Material
End-User
Geography
The Asia Pacific metal finishing chemicals market is segmented based on chemical type into four notable segments as plating chemicals, conversion coating chemicals, cleaning chemicals and proprietary chemicals. Plating is further sub segmented into immersion plating and electroless plating. In 2018, plating chemicals market is likely to dominate market with 45.1% shares and is estimated to reach USD 1696.95 million by 2025. It is growing at a CAGR of 6.2% in the forecast period.
The Asia Pacific metal finishing chemicals market is segmented based on process into seven notable segments; electroplating, plating, anodizing, carbonizing, polishing, thermal or plasma spray coating and others. Plating is further sub segmented into immersion plating and electroless plating. In 2018, electroplating market will dominate with 45.1% shares and will consume around USD 1,712.88 million by 2025.
The Asia Pacific metal finishing chemicals market is segmented based on material into seven notable segments; zinc, nickel, copper, chromium, aluminium, precious metals and others. Nickel is further segmented into nickel iron, nickel cobalt, nickel manganese and zinc nickel. Chromium is further sub segmented into hard or decorative chromium electroplating and trivalent chromium plating. Precious metals are further sub segmented into gold, silver and platinum. In 2018, zinc market is likely to dominate market with 30.5% shares and is estimated to reach USD 1,119.24 million by 2025. It is growing at a CAGR of 5.8% in the forecast period.
The Asia Pacific metal finishing chemicals market is segmented based on end-user into three notable segments; automotive, electrical and electronics, industrial machinery, aerospace and defence, construction and others. Automotive are further sub segmented into shock absorbers, heat sinks, gears, cylinders and capacitors. Electrical and electronics is further sub segmented into semiconductors, printed circuit boards, capacitors and resistors. Aerospace and defense is further sub segmented into aircraft engines, landing gear, bolts, valve components and satellite and rocket components. In 2018, automotive market is likely to dominate market with 42.0% shares and is estimated to reach USD 1,585.38 million by 2025. It is growing at a CAGR of 6.2% in the forecast period.
Based on geography, the Asia-Pacific metal finishing chemicals market is segmented into geographical regions, such as,
China
Japan
India
South Korea
Thailand
Singapore
Philippines
Malaysia
Indonesia
Australia
Rest of Asia-Pacific
Covered in this report
The report covers the present scenario and the growth prospects of the Asia-Pacific metal finishing chemicals market for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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