Global Metal Finishing Chemicals global market 2024, Forecast To 2033

The metal finishing chemicals market has witnessed robust growth, expanding from $12.31 billion in 2023 to $13.23 billion in 2024, with a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period is attributed to manufacturing expansion, the rise of renewable energy, adherence to environmental regulations, the thriving automotive industry, and advancements in electronics. Foreseeing sustained growth in the next few years, the market is projected to reach $17.67 billion in 2028, reflecting a CAGR of 7.5%. The anticipated growth is linked to increased usage in aerospace applications, consumer goods, healthcare equipment, additive manufacturing, and space exploration. Major trends in the forecast period include advancements in corrosion protection, green technologies, electrification of vehicles, advanced alloys, and developments in microelectronics and nanotechnology.