Aarkstore Market Research published the new epoch of Market Research Report Titled "India Metal Treatment Chemical Market 2023 "

Metal treatment chemicals are used for removing scale, stain and inorganic contaminants. These chemicals are part of surface treatment chemicals used mainly for cleaning, anodizing and smooth bonding paints on any metal substrate. Rising demand for metal components in industrial machinery, electronics & electrical, construction and transportation industry are anticipated to augment market growth.
India metal treatment chemicals are used in various application such as automotive & components, metalworking, industrial machinery, electronics & electrical, construction & infrastructure, aerospace & transportation.

Key highlights of the report:

-Based on various metal treatment chemicals types, the anodizing & platting is leading the segment, which held a 32.6% market share in 2016. Anodizing & platting is set to emerge as the preferred choice in metal treatment chemicals owing to easy penetration of anodizing hard coating for numerous application such as electrode coating, anodized layer formation, and electroless plating
- Cleaning chemicals segment witnessed a substantial growth and is expected to reach USD 75.4 million by 2023. These chemicals are the first stage of surface metal treatments as they are used to remove scale, contaminants, and dust from the metal substrate thereby, providing a durable and hygienic environment for metal.
- To maintain luster and smooth finish under extreme temperature, corrosion protection chemicals are gaining high importance and are expected to grow at a CAGR of 5.81% during the forecast period.
-Prominent application automotive & OEM components segment is anticipated to reach USD 124.8 million by 2023 at a CAGR of 6.14% during the forecast period 2017-2023.
- Growing automotive sales in the North sector is valued at USD 88.0 million in 2016 which accounts for the highest CAGR of 5.72% during the assessment period.

Leading key players in the India metal treatment chemical market:

BASF India Ltd.
Henkel Adhesives Technologies
Metalguard Pvt. Ltd.
Chemtex Speciality Limited
CMP PVT. LTD
Dimetrics Chemicals

India metal treatment chemical market segmentation by types and by application:

By Type:
Anodizing & platting
corrosion protective
cleaning
paint stripers
By Application:
Automotive and components
Metalworking
Industrial machinery
Electronics and electrical
Construction and infrastructure
Aerospace and transportation.

Key Findings of the India metal treatment chemical market Report:

- India metal treatment chemicals market is projected to reach USD 378.4M 2023 at a CAGR of 5.68% during the review period, 2017-2023
- Anodizing & platting segment is dominating the market followed by the corrosion protection chemical market.
- Increasing investment in R&D by automakers for efficient, cost-effective and eco-friendly platting technology is expected to drive the market growth.
- Automobile & component segment accounted for the highest market share and is anticipated to retain its dominance over the forecast period.
- Rising automotive cluster such as Bharat Benz, Ford India, and Hyundai Motor India Limited in the Southern region are expected to augment the market growth.
-Corrosion protection chemicals witnessed highest CAGR due to rising adoption of the product to increase durability and flexibility coupled with smooth surface finish.

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Category: Chemical Market Research
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