India Metal Treatment Chemical Market Analysis, Growth, Trends & Forecast to 2023
According to MRFR analysis, the Indian metal treatment chemicals market is projected to reach USD 378.4 million by 2023 at a CAGR 5.68% over the forecast period. Metal treatment chemicals are used to clean impurities such as stains, scale, and help equal paint bonding on the metal substrate. Environmental conditions like corrosion and abrasion affect the surface of the material causing critical damage. With the application of metal treatment chemicals increases appearance, hardness, tarnish, wear resistance, and improves the metal surface so that it can easily adhere to the various coating material.
The key players in the India metal treatment chemical market are BASF India Ltd., Henkel Adhesives Technologies, Metalguard Pvt. Ltd., Chemtex Speciality Limited, CMP PVT. LTD, Dimetrics Chemicals, KCH INDIA PVT. LTD, Olivine Mercantiles Pvt. Ltd., Prime Laboratories and GTZ India Private Limited among others
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The Indian metal treatment chemical market is segmented based on type and end-user. Based on the type, the market is segmented into anodizing & platting, corrosion protective, cleaning, paint stripers. By the end user, the India metal treatment chemical market is automotive, metalworking, industrial machinery, electronics & electrical, construction, and aerospace & transportation.
The Indian Metal Treatment Chemical Market is growing at a significant CAGR due to the ongoing development of key industries like automotive, construction, and transportation. Government initiative of 100% FDI policy in the automotive sector has increased the production and sales of vehicles thereby, rising demand for metal treatment chemicals in the automotive industries.
According to MRFR analysis, the Indian metal treatment chemical market is segmented into type and application. Based on the type, the market is segmented into anodizing and platting, corrosion protective, cleaning, paint stripers, and others including pickling inhibitor, metal phosphating, and passivation gel. Anodizing and platting hold the largest share of 32.6% on account of increasing demand for anodizing hard coating for application in electroless plating and anodized layer formation.
Browse the market data and information spread across 83 pages with 49 data tables and 20 figures of the report “India Metal Treatment Chemical Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/india-metal-treatment-chemical-market-5199
January 2018 Market research future will be publishing a cooked research report on “Indian Metal Treatment Chemical Market” that contains the information from 2016 to 2023. Indian metal treatment chemical market is expected to grow at a CAGR 5.68% during the forecast period of 2017 to 2023.
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