India Metal Treatment Chemical Market Analysis

Metal Treatment Chemical Market Overview:

India Metal Treatment Chemical Market Size was valued at USD 0.16 Billion in 2023. The metal treatment chemical market industry is projected to grow from USD 0.17 Billion in 2024 to USD 0.25 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.96% during the forecast period (2024 - 2032). The growing demand for metal surface protection and enhanced performance are key market drivers for the metal treatment chemical industry. The market is distinguished by the presence of both international and local firms offering a broad range of goods and services. Furthermore, the market is anticipated to continue growing in the upcoming years due to the rising need for lightweight and corrosion-resistant metals.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Metal Treatment Chemical Market Trends

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  Expanding automotive sector is driving the market growth

  
  

The metal treatment chemical market CAGR is anticipated to be driven by the expanding automotive sector. The improving level of living and expanding economy have altered purchasing power. A new style of living is anticipated to emerge, despite the economic impact of COVID-19 disrupting how we live and travel throughout the world. The need for independent mobility has suddenly increased throughout the world since social isolation is the best defence against COVID-19. Additionally, the global transition to emissions-free mobility is being driven by concerns regarding global warming and goals of achieving net-zero emissions. These adoptions also result in greater EV and hybrid car production, a shift away from petroleum-based fuels towards more locally produced power vehicles. Due to the increase in demand for automobiles, metal treatment chemicals are now needed in greater quantities to preserve the material against corrosion and/or enhance its usable properties. For instance, a report released in April 2022 by the European Automobile Manufacturers Association stated that 79.1 million motor vehicles were produced globally in 2021, an increase of 1.3% over 2020. Additionally, the Global EV Outlook 2021 reports that customers spent USD 120 billion, or 50% more than in 2019, on electric car purchases in 2020. The demand for metal treatment chemicals will therefore be driven by the expanding automobile industry.

The market for metal treatment chemicals has seen technological developments emerge as the dominant trend. Advanced surface coating technology provides protection from applications that are prone to wear. They are made to be wear-resistant, reduce friction, and guard against caustic/acidic ingredients and cleaning chemicals to increase line efficiency. Major players in the metal treatment chemicals industry are concentrating on creating innovative technology solutions to satisfy consumer demand. For instance, low voltage flameproof motors for explosive settings were introduced by ABB, a Swiss automation firm, in January 2022. Low voltage flameproof motors from ABB have a cutting-edge surface treatment that makes them resistant to even the most extreme climatic conditions. Thus, driving the metal treatment chemical market revenue.

Metal Treatment Chemical Market Segment Insights

Metal Treatment Chemical Type Insights

The India metal treatment chemical market segmentation, based on type includes Anodizing & Platting, Corrosion Protective, Cleaning and Paint Stripers. The corrosion protective segment dominated the market. These substances aid in shielding metals from rust and corrosion. The need for corrosion protectors is rising since there is a greater requirement for durable protection against harsh environmental conditions. Furthermore, the cleaning category held a significant share in the market. Oils, greases, and other impurities must be removed from metal surfaces before treatment with metal cleaners. Cleaners that are non-toxic and favorable to the environment are increasingly in demand.

Figure 1: India Metal Treatment Chemical Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Metal Treatment Chemical Application Insights

The India metal treatment chemical market segmentation, based on application, includes Automotive, Metalworking, Industrial Machinery, Electronics & Electrical, Construction, Aerospace and Transportation. The automotive category generated the most income. In the automobile sector, metal treatment chemicals are widely used to extend the lifespan of external painted automotive body parts. For better long-term protection against corrosion and to ensure good paint adhesion, several vehicle Original Equipment Manufacturers (OEM) have incorporated metal pretreatment into the painting process. The segment's revenue growth is being accelerated by these strategic advantages. Major players in the metal treatment chemicals market are also collaborating with automotive Original Equipment Manufacturer (OEM) firms all over the world to create goods and services for cleaning and pretreatment of metal substrates. The pre-treatment, galvanized, and aluminium substrates are all treated with metal by many aftermarket companies, which is helping the segment's revenue grow.

Metal Treatment Chemical Regional Insights

India had a significant share of the market for metal treatment chemicals due to the region's expanding demand for metal finishing chemicals, which is primarily driven by increased application in the automotive industries. Chemical metal treatment makes metals stronger, which is beneficial for industries like construction and the automotive industry. The growing automobile industry is expected to raise demand for metal treatment chemicals. Increased use of metal treatment chemicals due to their anti-corrosive properties is predicted to propel market growth. These chemicals' better field performance and paint adhesion also raise demand in the construction and automobile industries. The market is additionally impacted by factors like infrastructure improvement, industrial growth, and regulatory regulations.

Metal Treatment Chemical Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the metal treatment chemical market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, metal treatment chemical industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the India metal treatment chemical industry to benefit clients and increase the market sector. In recent years, the metal treatment chemical industry has offered some of the most significant advantages to market. Major players in the metal treatment chemical market attempting to increase market demand by investing in research and development operations include BASF India, Henkel Adhesives Technologies, Metalguard Pvt, Chemtex Speciality, CMP, Dimetrics Chemicals, KCH INDIA, Olivine Mercantiles, Prime Laboratories and GTZ.

It was established in 1990 to become Henkel Adhesives Technologies India Private Limited. Manufacturing adhesives and sealants is one of the company's main divisions. In its two business sectors, adhesive technology and consumer brands, Henkel works globally with cutting-edge innovations, brands, and technologies. Due to powerful brands, inventions, and technologies like Persil, Schwarzkopf, and Loctite, the company maintains top positions with its two business groups in both the industrial and consumer sectors. We are all Henkel pioneers at heart, working for the benefit of future generations, and this is expressed in the company's mission statement. Its goals are derived from our origins and carry forth a long history of innovation, accountability, and sustainability.

Chemtex was established in the first decade of the 1970s. And in the years that followed, it grew along with the sectors it serviced to and the diversity of indigenous chemicals it produced. Chemtex has made great progress in the past 50 years in meeting the needs of the Asian subcontinent for speciality chemicals. Its recent growth into more recent geographies supports its goal to dominate the market for specialty chemicals on a truly global scale. Because of its recent, tremendous expansion, the company has a bright future. With branches serving Agriculture, Water Treatment, Cleaning & Hygiene, Refrigeration & Air Conditioning, Housekeeping & Laundry, Engine Care, Oil & Gas, and other Industry specialised sectors, Chemtex enjoys a sizable market position in the speciality chemicals sector.

Key Companies in the metal treatment chemical market include

• BASF India


• Henkel Adhesives Technologies


• Metalguard Pvt


• Chemtex Speciality


• CMP


• Dimetrics Chemicals


• KCH INDIA


• Olivine Mercantiles


• Prime Laboratories


• GTZ

Metal Treatment Chemical Industry Developments

June 2020: The German chemical giant BASF SE has announced intentions to open its Metal Surface Treatment (MST) application site in Shanghai, China's Innovation Campus. This innovative application seeks to give clients more product options and technical assistance.

Metal Treatment Chemical Market Segmentation

India Metal Treatment Chemical Type Outlook (USD Billion, 2018-2032)

• Anodizing & Platting


• Corrosion Protective


• Cleaning


• Paint Stripers

India Metal Treatment Chemical Application Outlook (USD Billion, 2018-2032)

• Automotive


• Metalworking


• Industrial Machinery


• Electronics & Electrical


• Construction


• Aerospace


• Transportation