Malaysia Metal Finishing Chemicals Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025
Malaysia metal finishing chemicals market is expected to reach USD 89.52 Million by 2025 from USD 65.99 Million in 2017, at a CAGR of 4.0% in the forecast period 2018 to 2025.
Growing demand in automotive sector, growing printed circuit board (PCB) demand in the electronics industry, demand of metal finishing chemicals in aerospace maintenance, and repair and overhauls are the factors which will boost the Malaysia 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 Malaysia metal finishing chemicals market.
The key market players for Global Metal finishing chemicals Market are listed below:
• NOF Corporation
• Platform Spaciality Products Corporation
• C.Uyemura & Co., LTD.
• Chemetall GmbH
• Houghton International Inc.
• Coventya International
• Uyemura & Co., Ltd.
• McGean-Rohco, Inc.
• Raschig GmbH
• Wuhan Jadechem International Trade Co., Ltd.
• Grauer & Weil India Ltd.
• Henkel AG &Co. KGAA
• Quaker Chemical Corporation
The market is further segmented into:
• Chemical type
The Malaysia 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. Services segment is sub segmented into managed services and professional services. In 2017, plating chemicals market is likely to dominate market with 53.2% shares and is estimated to reach USD 47.79 million by 2025. It is growing at a CAGR of 4.1% in the forecast period.
The Malaysia 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 2017, electroplating market will dominate with 51.6% shares and will consume around USD 46.41 million by 2025. . It is growing at a CAGR of 4.1% in the forecast period.
The Malaysia metal finishing chemicals market is segmented based on material into seven notable segments; zinc, nickel, copper, chromium, aluminum, 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 2017, zinc market is likely to dominate market with 37.0% shares and is estimated to reach USD 32.46 million by 2025. It is growing at a CAGR of 3.7% in the forecast period.
The Malaysia metal finishing chemicals market is segmented based on end-user into three notable segments; automotive, electrical and electronics, industrial machinery, aerospace and defense, 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 2017, automotive market is likely to dominate market with 47.4% shares and is estimated to reach USD 42.65 million by 2025. It is growing at a CAGR of 4.1% in the forecast period.
The Malaysia metal finishing chemicals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Covered in this report
The report covers the present scenario and the growth prospects of the Global 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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