Engineering advancements stir metal finishing chemicals demand

The global market for metal finishing chemicals is forecast to reach US$9.2 billion by the year 2017, reports Global Industry Analysts Inc. (GIA). The increase will be driven by demand from electronics and electrical, motor vehicle equipment, and aerospace industries. Stringent performance regulations, as well as miniaturisation trends in the electronics sector further drive demand for value-added solutions.

Asia-Pacific represents the fastest growing regional market with China reporting significant growth over the past decade owing to noticeable economic development. Production and demand for metal finishing chemicals in the region is poised to grow for the next few years driven by favourable economic trends, positive supply and demand scenario, encouraging investment environment, and growth in marketing channels.