Metal Finishing Chemicals Market to Grow at 7.9% CAGR Through 2029
The global metal finishing chemicals market is projected to expand from $13.15 billion in 2024 to $13.87 billion in 2025 (5.5% CAGR), then surge to $18.78 billion by 2029, driven by a 7.9% CAGR. Growth is fueled by rising manufacturing, renewable energy, environmental regulations, automotive sector expansion, and electronics advancements. Key trends include green technologies, vehicle electrification, and advanced alloys. Major players and emerging companies are innovating with new products to meet evolving industry demands.
The global metal finishing chemicals market is forecast to experience significant growth, increasing from $13.15 billion in 2024 to approximately $13.87 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.5%. Over the next four years, the market is expected to accelerate, reaching $18.78 billion by 2029 with a CAGR of 7.9%. This robust expansion is attributed to several factors, including increased manufacturing activity, development of renewable energy infrastructure, stricter environmental regulations, and the rapid growth of the automotive and electronics industries. The automotive sector, in particular, is a major driver, with rising global car sales and the need for corrosion-resistant coatings on vehicle parts. Other contributing fields include aerospace, consumer goods, healthcare equipment, additive manufacturing, and space exploration. The report highlights upcoming industry trends such as improvements in corrosion protection, adoption of green and sustainable technologies, the shift toward vehicle electrification, and the use of advanced alloys and microelectronics. Innovation is a key theme, with companies introducing advanced, portable plating systems and other specialized solutions to boost productivity and safety. The market is segmented by type (e.g., plating chemicals, cleaning chemicals, conversion coatings), material (e.g., zinc, nickel, chrome), process (e.g., electroplating, electroless plating), and end-use industry (e.g., automotive, electronics, aerospace). North America currently leads the market, but Asia-Pacific is expected to see the fastest growth. Major players and emerging companies are actively developing new products to capitalize on these opportunities.
