India Metal Treatment Chemical Market Size 2022 Analysis by Top Key Players |Chemtex Speciality Limited, Metalguard Pvt. Ltd., Dimetrics Chemicals, Prime Laboratories
Overview:
Metal treatment chemicals can be defined as
a surface treatment chemical that has applications in cleaning, anodizing, and
paint bonding on various metal substrates. Its application can be targeted to
remove impurities and impact various processes in ferrous metals or inorganic
contaminants. The market for Indian metal treatment chemicals can achieve a
CAGR of 5.68% and surpass USD 378.4 million by 2023. Market Research Future
(MRFR) finds the growth of the market quite effective for reasons like growing automobiles,
auto components, and defense & railways sectors. Among other factors,
government initiatives to improve metalworking can be taken as a major growth
initiator.
However, the market for Indian metal
treatment chemicals can find great hurdles in the form of plastics and
composites. But its growth in the automotive, industrial machinery and
electrical & electronics industry can bring the market right on the growth
track.
Segmentation:
The Indian market for metal treatment chemicals
has a strong foundation in the report on type and application. These segments
have significant coverage of various factorial details that can be taken into
consideration for better analysis and planning for the future market.
By type, the market report on the India
metal treatment chemical market can be segmented into Cleaning,
Platting, Anodizing Corrosion Protective, Paint Stripers, and others. The integration
of various metallic structures in the industrial process is also a major factor
that can create significant space for all these sectors to establish their
claim.
By application, the global market report on
the India metal treatment chemical can be segmented into automotive,
transportation, and construction. Various ongoing constructions are expected to
take the global market forward. Also, the recent inclusion of 100% FDI by the
government is expected to take the automotive segment ahead. The urban areas
are showing a significant intake of automobiles, which can be taken into
consideration for the growth of the Indian metal treatment chemical. The rural
sector is witnessing significant growth in the construction sector owing to
which the Indian metal treatment chemical market can find significant growth.
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Competitive Landscape:
The Indian market for metal treatment
chemicals covers various companies that are significantly impacting the market
with tactical moves. This is also about various other factors that are
cementing the market position for these companies. These players are Henkel
Adhesives Technologies, BASF India Ltd., Chemtex Speciality Limited, Metalguard
Pvt. Ltd., Dimetrics Chemicals, Prime Laboratories, CMP PVT. LTD, Olivine
Mercantiles Pvt. Ltd., KCH INDIA PVT. LTD, and GTZ India Private Limited among
others. These players are making significant contributions to the market by
having mergers, acquisitions, tie-ups, and others as their specific moves that
can solidify their strategic decisions.
Regional Analysis:
The market for Indian metal treatment
chemical has been segmented into several provinces, which can be considered
later for a better market analysis that would facilitate strategy-making
decisions. The north is witnessing a constant surge in the automotive industry,
which can influence the market significantly for a better understanding. In
2016, it was worth USD 88 million and now with the highest CAGR of 5.72% the
market is expected to grow.
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The west is showing potential for growth in
the various industrial sector. Also, the region has the leading producers of
various industries, which can inspire market growth. In the South, clusters of
the automotive sector with companies like Hyundai Motor India Limited, BharatBenz,
Ford India, and Ashok Leyland are growing significantly to make sure that the
market for the Indian metal treatment chemical market is growing. Both the
western and southern segments are witnessing strong growth in the construction
sector.
In October 2019, researchers at the Indian
Institute of Technology (BHU), came up with a new method of
protecting the copper from corrosion in a manner that would be cost-effective.
The process includes a method called ‘floating film transfer method’ that
obtains ultrathin films of a specific organic material, squaraine, that the
process transfers over copper articles as layers.
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