The Europe metal finishing market size was valued at USD XX Billion in 2022 and is anticipated to reach USD XX Billion by 2031, expanding at a CAGR of 6% during the forecast period, 2023–2031. The growth of the market is attributed increasing requirement for durable metal components. Moreover, rising demand for wear-resistant metal products are expected is driving the market growth.
Metal finishing is the process of improving the metal appearance and durability. One of the methods of metal finishing includes electroplating, which produces a thin surface coating on the metal by electrodeposition.
Metal finishing is referred to metal coating on the surface of a metallic part, also known as, substrate. The process can involve cleaning and polishing of the metal surface. Without metal finishing, products made from metals would last only a fraction of their present lifespan owing to the corrosion and wear. Finishing is also used to enhance electrical properties such as to to enhance the bonding between adhesives or organic coatings with metals.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing demand for electric vehicles is one of the major drivers that is contributing to the growth of the Europe metal finishing market.
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Environmental restrictions on some chemicals can restrain the market growth in the projected timeline
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Increasing replacement of metal by high-performance plastics can hinder the market growth.
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Ongoing technological advancements and rising investment in the development of new metal finishing process can create opportunities for industry players during the forecast period.
Scope of the Metal Finishing Market Report
The report on the europe metal finishing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Metal Finishing Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Inorganic Metal Finishing [Cladding, Pretreatment/Surface Preparation, Consumables and Spares, Electroplating, Galvanization, Electro Less Plating, Conversion Coatings, Anodizing, and Electro Polishing], Organic Metal Finishing, and Hybrid Metal Finishing), Applications (Automotive, Appliances, Hardware, Jewelry, Aerospace, Heavy Equipment, Medical Devices, Electronics, Construction, and Others)
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Geographical Scope
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Germany, UK , Italy, France, Spain, Russia, Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Honeywell International Inc., Linde plc, OC Oerlikon Management AG, TIB Chemicals AG, and POSCO.
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Europe Metal Finishing Market Segment Insights
Inorganic metal finishing segment to grow at a rapid pace
Based on types, the market is divided into inorganic metal finishing, organic metal finishing, and hybrid metal finishing. The inorganic metal finishing segment is further divided into cladding, pretreatment/surface preparation, consumables and spares, electroplating, galvanization, electro less plating, conversion coatings, anodizing, and electro polishing. The inorganic metal finishing is anticipated to account for a major market share and is anticipated to grow at a rapid pace during the forecast period.
Automotive segment to account a significant market share
Based on applications, the market is divided into automotive, appliances, hardware, jewelry, aerospace, heavy equipment, medical devices, electronics, construction, and others. The automotive segment is anticipated to account for a significant market share during the forecast period. Auto manufacturers are seeking for better technologies to protect their products from the relentless forces of corrosion.
Vehicles are constantly exposed to the moisture, which can cause the premature demise of metal car parts. Metal finishing comprises the application of a metal coating through inorganic metal finishing, such as electroplating. This prevents automobiles from both red and white rust from reaching the underlying metal surface. Increasing production owing to rising disposable income is expected to spur the market segment.
Germany to account a considerable market share
On the basis of geographies, the market is segregated Germany, UK, Italy, France, Spain, Russia, and Rest of Europe. Germany is anticipated to hold a considerable market share owing to increasing production of aircraft, which in turn, has grown the demand for metal finishing in the country. On the other hand, the market in Russia is expected to grow at a healthy rate due to increasing metal production and imports.
Segments
The europe metal finishing have been segmented on the basis of
Types
- Inorganic Metal Finishing
- Cladding
- Pretreatment/Surface Preparation
- Consumables and Spares
- Electroplating
- Galvanization
- Electro Less Plating
- Conversion Coatings
- Anodizing
- Electro Polishing
- Organic Metal Finishing
- Hybrid Metal Finishing
Applications
- Automotive
- Appliances
- Hardware
- Jewelry
- Aerospace
- Heavy Equipment
- Medical Devices
- Electronics
- Construction
- Others
Geographies
- Germany
- UK
- Italy
- France
- Spain
- Russia
- Rest of Europe
Key Players
Competitive Landscape
The major players of the market are Honeywell International Inc., Linde plc, OC Oerlikon Management AG, TIB Chemicals AG, and POSCO.
Companies are investing in R&D activities and are engaging in joint ventures and acquisitions to expand their market share.
