Leather Chemicals Market Estimated to Flourish By 2021
Leather chemicals are a class of products that are used in the treatment of animal hides for the production of leather. Leather chemicals are required at different stages of leather processing which includes beamhouse, tanning and finishing, fatliquors and water repellents and drum dyeing.
Leather is an unmatched material for making accessory products and item. In order to make the leather for long lasting for use and to create an appealing richness of leather, many leather chemicals are used. Increasing demand for various leather made products such as apparels, footwear, garments, furniture and automotive upholstery positively influence the demand of leather chemicals and helps in further growth of leather chemical market. Innovation in technology such as use of micro and nano particulates for abrasion resistance and improved innovation in chemical compound that offers improved color, look and feel better leather, superior water resistance and improved finish adhesion are expected to drive the leather chemical market across the globe.
Increasing per capita income of individual, growing consumer affluence, growth in tourism industry are some of the key reason, which leads to increase in the demand of luxury and leather goods items in the market. Fast changing fashion trends and increasing the consumer awareness level about various luxury products further boost the demand of leather goods in the market. Regular innovation and changing design model of various leather and luxury product leads to trigger the demand of leather product in the market. Growing trends towards purchasing of various leather product help to trigger the growth of leather chemical market.
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Asia Pacific is the largest market for leather chemicals. Some of the major factor that drives the leather chemical’s success in Indian market in coming years would be its compliance with many international regulations like ISO, REACH, etc. With large number of population in Asia Pacific countries, the demand of various leather products is also on the rise. China produced 4.271 billion pairs of leather shoes in 2011 and the leather shoes market is growing with a CAGR of around 12.4% annually. The growing rate of leather shoe products helps to boost the leather chemicals market in China and in Asia Pacific region. Increasing disposable income level of individual in North America and Europe further tends people to invest more on purchasing leather luxury products including garments, footwear and others product. The total turnover of retail sale of footwear and leather goods in specialized stores in the U.K. was USD 3,973 million in 2010 and it grew to USD 4,649 million in 2013. This growing investment over leather products and product innovation further helps to boost the leather chemical market in European region.
Some of the companies operating in global leather chemicals market are BASF SE, Lanxess AG, TFL, Clariant Chemicals Ltd., Balmer Lawrie & Co. Ltd., Indofil Industries Ltd., Pidilite Industries Ltd., Schill & Seilacher GmbH & Co., ATC CHEMICALS, Tytan, TEXAPEL, Elementis plc, Zschimmer & Schwarz & Co KG, DyStar, Elementis plc, LANXESS AG, lawrence international, TASA GROUP INTERNATIONAL, Loving Group Ltd., Chemtan Company, Inc. and Stahl International BV.
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Hydroquinone Market Estimated to Flourish By 2021
Ammonium nitrate is a chemical compound which is solid at room temperature and atstandard pressure. It is used in agriculture as a high-nitrogen fertilizer and also used as an oxidizing agent in explosives. It is found as a natural mineral in the driest regions of the Atacama Desert in Chile.Ammonium nitrate was mined in the past however, presently the chemical is synthetically manufactured through various chemical processes.Ammonium nitrate is a main component of ANFO(ammonium nitrate fuel oil),an explosive which accounts for more than 70% of the total explosives in North America.
Ammonium nitrate has been popular in the past but hit a low in 2002 on account of the security apprehensions following the September 2001 attacks of World Trade Center and the Grand Paroisse warehouse in France.Since then stringent regulations have made the manufacturing of ammonium nitrate complex.Many countries have introduced and are implementing ammonium nitrate certification on transportation and storage of this compound.Consumption of ammonium nitrate in Western Europe has declined on account changing agricultural subsidy policies.A major chunk of the market is expected to be taken by urea as it has no major safety issues.In addition, the production of urea is economical. However, the main advantage of ammonium nitrate over urea is that it is more stable and it does not lose nitrogen to atmosphere.
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Europe dominated the market in 2012 in the production of ammonium nitrate.Europe accounted for more than 40%of the total production.Countries such as Russia,the U.S.,China,Ukraine and Poland together accounted for more than 50% of the global ammonium nitrate production.
The increasing demand for industrial explosives and blasting agents is expected to drive the ammonium nitrate within the forecast period. Consumption of ammonium nitrate is expected to increase as existing facilities are being expanded, improved and rebuilt. There have been plenty of investments in upgrading older facilities to meet the demand of the consumers. ANFO which is made up of ammonium nitrate is widely used is an industrial explosive and in coal mining, civil construction and metal mining. Growth in all these mentioned industries is expected to drive the demand for ammonium market further.
However,urea is less dangerous to handle and is less expensive to produce. Thus, urea is increasingly being used as a substitute to ammonium nitrate in agriculture giving ammonium nitrate market a tough competition. This is expected to act as a strong restraint for the ammonium nitrate market in the near future. Furthermore, the potential of ammonium nitrate as an explosive has led to many regulatory measures which may hamper its demand within the forecast period.
Licenses for the use of ammonium nitrate are granted to only those industry applicants who have appropriate security measures to prevent any kind of misuse. Moreover, fertilizer plant explosions such as the one in Texas in 2013 coupled with bomb blast on the World Trade Center are strong examples that have compelled the government to tighten the regulations on the use of ammonium nitrate. Thus, stringent regulations on the production and use of ammonium nitrate are expected to curb the ammonium nitrate market over the next few years. Consumer switching to CAN or urea ammonium nitrate may open avenues for the ammonium nitrate market in the near future.
Major players in the ammonium nitrate market are Acron Group, Borealis, EuroChem,Incitec Pivot,SIBUR Minudobreniya, Uralchem OJSC and Yara among others.
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Aerospace Coating Market Estimated to Flourish By 2020
Aerospace coating is a high performance coating material. it is designed to resist temperatures fluctuation, variable air pressure, and different air instability. Some of the most important features of aerospace coating include, protection versus temperature fluctuations, protection against Intense UV exposure at higher altitudes, Chemicals attack (such as fuel, cleaning chemicals, hydraulic fluid), humid conditions and Corrosion
On the basis of end user application, the global aerospace coating market can be divided in three broad categories namely Commercial aerospace coating, Military aerospace coating, and general aviation aerospace coating. With more than 50% market share commercial aerospace coating held the largest segment in 2013.
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Based on the user type, the global aerospace coating market can be further characterize in two broad categories namely original equipment manufacturer (OEM) and maintenance, repair & overhaul (MRO)
Advancement in the field of chromo free technology coupled with evolution of environment-friendly coating product are driving the market for aerospace coating, in addition growing civil aviation owing to development of new airports and air services in developing countries such India and china has helping the aerospace market in this region. The growing engineering and design services industry of India is offering new growth opportunity for aerospace coating market in this region.
The aerospace coating is highly consolidated industry with top five companies holding about 50% of the market share. The use of Nano technology to enhance the performance of the aerospace coating is providing new growth opportunity for the global aerospace coating market.
Asia Pacific is the largest market of aerospace coating attributed to demand from china and increased air defense budget of developing countries in this region. North America was the second largest market of aerospace coating in 2013 followed by Europe and Rest of the World (RoW). Both North American and European market is heading towards maturity and growth is mainly accepted from growing economy of Asia Pacific. Aerospace coating market in Asia Pacific is growing at a healthy rate and with growing aviation industry in this region the market is expected to grow at even higher rate in upcoming years.
Some of the leading companies operating in global aerospace coating market include, Akzonobel N.V., BASF SE., Henkel Ag & Company, Hentzen Coatings, Inc., Hohman Plating & Manufacturing Llc, Ionbond Ag, Mankiewicz Gebr. & Co., PPG Industries, Inc., the Sherwin-Williams Company and Zircotec Ltd
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Electronic Adhesives Market Estimated to Flourish By 2021
Electronic adhesives are a part of the electronic components used in the manufacture and assembly of electronic circuits and products. They are mainly used in wire tacking, binding the surface-mount components, and encapsulating components. Raw materials used in the production of electronic adhesives include silicones, epoxies, polysulfides, polyurethanes, and cyanoacrylates.
Based on type, electronic adhesives market is segmented into four categories: thermal conductive, electrically conductive, UV curing, and others. Among these, electrically conductive and thermally conductive are the leading segments of the electronic adhesives market. The UV curing adhesives segment is experiencing the fastest growth in recent times. Electrically conductive adhesives are considered as a substitute for traditional tin-lead solders due to their improved thermal and conductive properties. Based on form, the electronic adhesives market is classified as solid, liquid, and paste. On the basis of application, the market is segmented into semiconductor & IC and printed circuit boards. Electronic adhesives are used as conformal coating in printed circuit boards.
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Miniaturization of existing electronic products resulting in increasing usage of adhesives and merger and acquisition of key companies are some of the major factors responsible for the growth of the electronic adhesives market. Moreover, rise of the automobile sector globally is increasing the demand for electronic adhesives. This is because electronic adhesives find their application in collision avoidance systems, engine status displays, power electronic modules, anti-theft systems, and LED packaging. However, huge installation costs involved in product assembly and lamination & packaging of advanced machinery are hampering the growth of the electronic adhesive market. Matured market for electronic adhesives in developed countries and fluctuations in currency exchange rates are the other factors hindering the growth of the market. Moreover, high product costs is also restraining the growth of the market to some extent.
On the other hand, advancement in technology coupled with implementation of safety regulations for electronic applications is expected to drive the growth of the electronic adhesives market in the near future. Implementation of new solid-state semiconductor technologies in industrial and consumer applications is likely to accelerate the growth of the market in the years to come. Companies are investing more on R&D activities for the use microelectronic devices in niche applications. This, in turn, is expected to impel the growth of the electronic adhesives market.
Asia Pacific is the leading market for electronic adhesives, with major development in India, China, and Japan. The market for electronic adhesives across the Rest of the World (RoW) has witnessed the fastest growth in the recent times due to growing economies in Brazil and Russia, which has resulted in increasing buying of end products which use electronic adhesives.
Some of the key players operating in the electronic adhesives market are BASF SE, The Dow Chemicals Company, Alent Plc, Henkel Ag & Co. KGaA, Alent Plc, KYOCERA Chemical Corporation, Hitachi Chemical Co., Ltd., H.B. Fuller, LG Chem Ltd., 3M Company, Indium Corporation, and Mitsui Chemicals, Inc.
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Laminating Adhesives Market Estimated to Flourish By 2020
Adhesives are use for joining and assembling of different materials surfaces. Both dry lamination technique and wet lamination technique are widely used in laminating adhesive. Laminating adhesive has its application in various industrial and domestic uses. It is particularly designed to attach or fix two different surfaces together. The different chemical compositions of laminating adhesives include polyurethanes, polyvinyl acetate, epoxy, styrenic block, and ethylene vinyl acetate. It is widely applicable in minimizing weight, vibration-dampening joint and leakage control of fluids or gases.
Based on the different technology, the laminating adhesive the market can be broadly categorized in four different market segments namely; water-borne, solvent-borne, reactive, and hot melt. On the basis of different applications of the laminating adhesive, the market can be segmented as pressure sensitive adhesives, packaging, building & construction, automotive, woodwork & furniture, footwear, and others.
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The increasing demand of low volatile organic compound (Voc) and environmentally sustainable adhesives are some of the predominant driver of the global laminating adhesive market. Moreover the major end user market of laminating adhesive such as automobiles construction, woodworking, transportation, footwear, and packaging has witnessed a healthy growth over the last few years which in turn driving the growth of the global laminating adhesive market
Instability in raw material prices of the laminating adhesive coupled with stringent environmental regulations by EPA (environment protection agency) and REACH (registration, evaluation, authorization, and restriction of chemicals) in Europe and North America is acting as challenge for laminating adhesive market in this region.
Asia Pacific is the largest producer and consumer of laminating adhesive, followed by Europe and North America. North American market of laminating adhesive is heading towards maturity and the growth is mainly anticipated from the emerging market of Asia Pacific and Latin America. India and China are the two biggest market of laminating adhesive in Asia Pacific. Brazil is one of the fasted growing market laminating adhesive in Latin America region.
Some of the major companies operating in global laminating adhesives market include, Ashland Inc, BASF SE, Bostik SA, Dymax Corporation, Henkel AG & Company, Sika AG, The Dow Chemical Company, ADCO Global Inc. and Henkel AG & Company,
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Spirits Market Estimated to Flourish By 2020
Spirit, also known as distilled beverage, is an alcoholic beverage manufactured by distillation (process of separating component substances from a liquid mixture by using process of vaporization and condensation) of a mixture produced from alcoholic fermentation. Distillation process is used to purify the mixture and to remove diluting components like water from the mixture for the purpose of increasing its proportion of alcohol content (alcohol by volume (ABV)).
Spirit is known by different name in different region such as hard liquor and liquor in general. North Americans use the term hard liquor to distinguish distilled beverage from non-distilled one. Distilled beverages having more than 10% alcoholic content falls under spirit category. Beer, wine and cider are not considered as spirit as alcoholic content in these products is less than 10%.
Global spirit market is bifurcated in various alcoholic products which includes vodka, gin, tequila, rum, whisky, brandy, cane, natural spirits and flavored spirits. Vodka leads the global spirit market followed by whisky. Whisky showed highest growth in the past few years and is expected to witness same growth in the coming years due to increasing consumption in the countries such as China and India. Despite global recession, premium and super premium brand showed average market.
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Asia-Pacific has the largest market for alcoholic products, followed by North America and Europe. Asia-Pacific is expected to maintain its dominance in the global spirit market due to increasing domestic consumption in countries such as China and India. China leads the Asia-Pacific spirit market but India is expected to grow fastest. In China, sales of imported spirit have grown four times in the last ten years. Baijiu (white spirit) and rice wine are the most popular alcoholic drinks in China. About 88% of alcohol consumers in India consume spirit remaining 12% consume beer and wine. Whisky is the most widely consumed alcoholic product in Indian Market. Brazil is reported to have highest per capita consumption of whisky globally in the coming years.
Global spirit market has witness slow growth in past few years due to global recession. Since, 2013, the spirit market has shown growth mainly due to the increasing demand from emerging nations such as Brazil, Russia, India and China (BRIC). This is expected to drive the global spirit market. Rising level of disposable income is also driving the global spirit market. Consumers prefer premium brands and are ready to pay more for higher quality brands. Additionally, social media are coming up with innovative campaigns focusing of spirit brands. This can provide an excellent growth opportunity for the alcohol retailers to get connected to the potential customers. Increasing younger population is also expected to add on to the increasing demand of spirit boosting the global spirit market. In the U.K. 47% of population between 18-24 years drinks regularly where as the percentage increases to 67% for population aging 25-44 years. However, government regulatory for alcohol in high growth market such as India is expected to hamper the overall spirit market. Sales of alcohol in India is only restricted to government approved shops. Also, alcohol advertising is banned along with alcohol drinking in public places.
Global spirit market is dominated by premium and super premium brands. Some of the major companies operating in the global spirit market are Diageo plc, Pernod-Ricard SA, Brown-Forman corp., Constellation Brands, Inc., Remy Cointreau SA, Marnier Lapostolle SA, Belvedere SA and Berentzen-Gruppe AG.
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Microbial Identification Market Estimated to Flourish By 2020
Microbial identification is scientific method of precise and definitive detection of microorganisms, such as bacteria, pathogen, and viruses. Microbial identification method is widely adopted in heath care and treatment such as disease diagnosis, infection treatments and identification of disease epidemic related with microbial infections. Some of the other applications of bacterial identification include microbial forensics, food safety, potable water safety, crime detection and investigations, bioterrorism identification and various other environmental studies such as soil pollution and air pollution.
Microbial identification is used extensively by governments or private institute, food manufactures, water treatment plants, beverages manufactures and other research laboratories.
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Microbial identification is performed by two techniques namely phenotypic method and genotypic method. On the basis of various application of microbial identification the global microbial identification market can be broadly categorize in four broad segments namely, diagnostic application (human disease diagnosis and animal disease diagnosis), food and beverage testing, pharmaceuticals application, and environment application.
On the basis of products categories the global microbial identification market can be broadly classified in consumables (such as kits, plates and channel), instruments and software (such as precision microscopes and spectrometer, microarray, and digital microbial identification instruments), and services (such as microbe detection).
Consumable segment grasped the highest market share in 2013, attributed mainly to the user friendly working principal of conventional microbial identification methods.
The ongoing technical advancements in precise accuracy and speed of microbial identification equipments coupled growing number of diseases due to harmful microorganism and stiff food safety regulation are some of the dominant driver for the global microbial identification market. Moreover initiative from policymakers, and rising healthcare expenditure is expected to boost global microbial identification market in upcoming years.
Rigid and complicated regulatory frameworks in many parts of the world, coupled with high price of microbial identification instruments are putting the challenge for overall growth of global microbial identification market.
North America is the largest market for global microbial identification market followed by Europe and Asia Pacific and rest of the world (RoW). Asia Pacific is exhibiting the highest growth over the past few years attributed mainly to the rising consumers concern towards health and food safety. Moreover government initiative regarding food and water contamination has also helped the market over the years.
Some of the leading companies operating in global microbial identification market include, Becton, Dickinson and Company, Biomérieux SA, Bruker Corporation, Siemens Healthcare, Thermo Fisher Scintific, Inc., Biolog Inc., Charles River Laboratories Inc., MIDI Inc., Qiagen N.V., Shimadzu Corporation, and Sigma-Aldrich Corporation.
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Flame Retardant Market Estimated to Flourish By 2021
Flame retardants are the compounds which when added to materials such as plastics products, electrical devices, construction materials or textiles delays the production of flames to prevent the spread of fire. There are various types of flame retardant such as aluminum trihydrate, antimony oxides, brominated flame retardant, chlorinated flame retardant, organophosphorus flame retardants, and other flame retardant chemicals. Usage of flame retardant market is increasing in the electronic industry due to its property of decreasing the flammability of combustible substances. Some of the major end user applications of flame retardant market include building & construction, electronics, automotive & transportation, wires & cables, textiles & other applications.
Some of the major factors driving the flame retardant market are high demand from current & emerging applications, demand from emerging economies, advancement in technology, increased security measures and the new regulatory guidelines for reducing toxic chemicals.
Governments across the globe are setting improved safety standards for smoke and flammability range in different products. The growth in automotive, construction and other major end use industries are increasing the demand of flame retardant market globally. Nanotechnology is expected to play a major role in improving performance of a flame retardant market in the years to come.
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The major growth opportunities for the flame retardant market includes equipment & electronics, automotive & construction, in the emerging economies especially the one which are expanding in the infrastructure applications. The growth in these segments in emerging economies is likely to increase the market demand for flame retardant and the products based on it.
A major factor restraining the market growth is rise in the prices which may lead to further decrease in demand. The key producers are raising the prices of flame retardant market due to the rise in feedstock costs. In addition, there is a toxicity issue at the time of flame retardant production process which could hamper the market further.
Asia Pacific is the largest sales market for flame retardant. China alone accounts for about 24% of the global demand of flame retardant. High demand in China is driven by growth in the chemicals and automobile industry in the country. India is also expected to increase its share in the global market on the basis of increasing foreign investment which will result in increasing number of new industries in the country. Asia Pacific is expected to continue in its leadership position in the forecasted period due to the growing end-user markets in countries such as China and India. North America continues to be the second largest sales market followed by Western Europe. Currently, the Middle East and South American countries have a very low market share; however it is expected to increase in the coming years.
Some of the major companies operating in the global flame retardant market include Akzo Nobel NV, Albemarle Corporation, Almartis GmbH, BASF SE, Borealis GmbH, Budenheim Iberica SLSC, Campine NV, Chemtura Corporation, China Antimony Chemicals, Clariant International Limited, Cytec Industries Incorporated, Daihachi Chemical Industry Company, Dover Chemical, and Glencore International AG. Among which, Albemarle Corporation, Chemtura Corporation, and Clariant International Limited are the most active companies in the flame retardant chemicals market.
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Repellents Market Estimated to Flourish By 2021
Repellents arealso known as insect repellents, substances or chemicals applied to clothing, skin or other surfaces for dissuading insects from the surface. They control and prevent the occurrence of insect-borne diseases such as West Nile, bubonic plague, dengue, Lyme, and malaria. Raw material such as ethyl hexanediol, metofluthrin, N-Diethyl-3-Methylbenzamide (DEET), and diethyl phthalate are used for making repellents. Based on their nature of application, repellents are sold as liquids, solids (sticks), pump sprays, creams and aerosols.
The global market for repellents has been mature due to the pervading breeding of mosquitoes and insects, and serious diseases afflicted by them. However, increasing affluence among the urban population for purchasing repellents as a precautionary measure against several diseases spread by mosquitoes has also contributed to the growth of the market.
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Several growth factors such as increasing awareness about health and related diseases and reducing tolerance towards pest problems are expected to boost the demand for repellents. Furthermore, rising health consciousness and improvements in literacy in certain rural areas of developing countries have also fuelled the demand for repellents. However, growing health concerns regarding use of certain hazardous chemicals in repellents is expected to slow down the growth of the market. Community outreach and establishment of disease prevention programs in emerging markets are expected to provide new opportunities for the growth of the market. North America was the largest consumer for repellents, followed by Europe. Asia Pacific is expected to be the fastest growing market on account of rising health awareness regarding certain diseases as well as various tie-ups between international and domestic manufacturers for expanding their product portfolio in the region.
Balsara Hygiene, Bayer, Henkel AG & Co. KGaA, Jyothi Laboratories, Motomco Ltd., Own Label, Reckitt Benckiser Group PLC, S.C. Johnson & Son, Inc., Spectrum Brands, Inc., Tainwala Chemicals, Willert Home Products, Inc. are some of the major repellent manufacturers present in the industry.
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Metal Finishing Chemicals Market Estimated to Flourish By 2021
Metal finishing chemicals are used to clean, plate and etch metallic surfaces which enhance their physical appearance and characteristics. Metal finishing chemicals help to alter/control various surface properties such as corrosion resistance, tarnish resistance, electrical and wear resistance; reflectivity and appearance, hardness, chemical resistance and electrical conductivity, among others. Electrolytic plating, chemical conversion, electroless plating and electrochemical conversion are the majorly used processes in metal finishing chemical industries. De-greasing, pickling, etching, polishing and cleaning are the supporting processes which are used along with above mentioned processes. Materials preferred for metal finishing are chlorinated and oxygenated solvents, surfactants, solutions of metal salts and acid and bases among others. Electroplating chemical process dominated the metal finishing chemicals market followed by electroless plating and galvanization process. Metallic coatings processes such as vapor deposition and thermal spray coatings are also likely to gain more importance in upcoming years.
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The market for metal finishing chemicals was mainly driven by huge demand from electrical & electronics and increasing demand from automotive industry. Metal finishing chemicals are used in finishing of printed circuit boards along with other electronic devices. Metal finishing chemicals are used for etching and cleaning of these surfaces. Metal finishing chemicals are used for cleaning and degreasing metal substrates such as steel, aluminum and nickel among others. In addition, metal finishing chemicals have huge demand from automotive and aerospace equipments. Aerospace is anticipated to be fastest growing industry for metal finishing chemicals market. The demand in aerospace industry is huge owing increased demand from cleaning and degreasing of equipments. Other end-user industries where metal finishing chemicals used are industrial machinery and transportation equipment. However, environmental and workplace regulations associated with metal finishing chemicals, which is considered as one of the most toxic industry are likely to hinder the growth of the market in upcoming years.
In terms of demand, North America was the leading region in metal finishing chemicals market. The U.S. had the largest demand for metal finishing chemicals owing to huge demand from aerospace industry coupled with huge demand from electrical & electronics industry. However, stringent regulations in U.S. related to metal finishing industry, due to one of the highly chemical sensitive industry is likely to be major restraint for the metal finishing chemicals market in this region. North America was followed by Europe. The demand in Europe is huge owing to increasing demand from manufacturing and automotive industry. Germany and the UK had the largest demand for metal finishing chemicals in Europe and are likely to follow similar trend over forecast period. Asia Pacific region is one of the fastest growing markets for metal finishing chemicals market.
The demand for metal finishing chemicals is huge from countries like Japan, China and India. China and Japan were the leading consumers of metal finishing chemicals in Asia Pacific region. India is anticipated to be the fastest growing market for metal finishing chemicals in Asia Pacific region. The Rest of the World market is anticipated to have stable demand for metal finishing chemicals market in next few years.
Latin America is likely to be one of the largest markets for metal finishing chemicals in the Rest of the World owing to huge demand from manufacturing activities from developing countries.
The market for metal finishing chemicals is fragmented. However, it is dominated by large manufacturers with global presence. Some of the key manufacturers in the metal finishing chemicals are Advanced Chemical Company, Atotech Deutschland GmbH, Coral Chemical Co., C. Uyemura & Co. Ltd., Lonza Group, McGean Specialty Chemicals Group and Quaker Chemicals Corp. among others.
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