The global metal finishing market size was estimated at USD 95,213.42 million in 2020 and is most likely to expand at a robust CAGR during the forecast period, 2021-2028. The growth of market is attributed to ascending demand for durables, long-life metal products, and wear and tear resistant.
Shifting from tradition methodology to new technologies such as inorganic metal finishing type, pretreatment/surface preparation is anticipated to spike the market growth.
Metal finishing plays a vital role in production process of metal, which involves the deposition of non-metallic and metallic coating of substrate. Metal coating allow metal to be corrosion resistant of the layer, and are widely used in many different industries such as electronic and automotive.
The sudden origin of organic technologies significantly increased the demand for inorganic metal finishing procedure. The inorganic metal finishing processes are applied in many electronic and industrial applications owing to its positive aspects on the product.
The COVID-19 pandemic had adversely affected the industries and disrupted the global supply chain. As China being the hub, delay in materials witnessed all around the globe causing major crisis of shortage of raw material for the end users.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for durables, long lasting products, and wear resistant is expected to drive the market during the forecast period.
- Rapid adoption of new metal finishing technologies is estimated to boost the market in the coming years.
- Growing demand for products is attributed to metal finishing properties such as corrosion, wear, and hardness is anticipated to spur the market during the projected period.
- Increasing number of automotive industry and demand for cars in parts of Asia Pacific regions is estimated to propel the market during the forecast period.
- Rising concern towards environment restrictions on some metal chemicals, and COVID impact act as a major factor that hinders the market growth.
- Increasing use of plastic as a replacement of metal possesses a challenge that hampers the market during the forecast period.
Scope of the market
The report on global metal finishing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Metal Finishing Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Inorganic [Electro Polishing, Anodizing, Conversion Coatings, Thermal Spray Powder Coating, Galvanization, Electro Less Plating, Electroplating, Consumables and Spares, Cladding, Pretreatment/Surface Preparations], Organic Metal Finishing, Hybrid Metal Finishing), Applications (Constructions, Electronics, Heavy equipment, Medical Devices, Jewellery, Aerospace, Automotive, and Hardware)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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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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Linde PLC; C.Uyemura & Co. Ltd; Honeywell International Inc.; OC Oerlikon Management AG; Atotech.
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Market Segment Insights
The pretreatment/surface preparations segment is expected to exhibit high CAGR
Based on the types, the market is segregated into inorganic, organic metal finishing, hybrid metal finishing. The inorganic segment is further segregated into electro polishing, anodizing, conversion coatings, thermal spray powder coating, galvanization, electro less plating, electroplating, consumables and spares, cladding, and pretreatment/surface preparations. The pretreatment/surface preparations segment is expected to exhibit high CAGR during the forecast period due to high corrosion resistivity as compared to other finishing processes.
The automotive segment is estimated to hold key share of the market
On the basis of applications, the market is fragmented into constructions, electronics, heavy equipment, medical devices, jewellery, aerospace, applications, automotive, and hardware. The automotive segment is estimated to hold key share of the market in the coming years owing to offering a protective layer of covering on the metal component of vehicles, also includes application of ceramic and paints allowing on numerous parts of vehicle enabling engine surface to achieve less friction and generate more power and overall enhances the performance.
Asia Pacific is anticipated to dominate the market
In the term of regions, the market is categorized into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the projected period due to growing number of investments and production in automotive industry, demand surge for heavy equipments along with electrical and electronic production, and global companies attracted towards industrial sector for investment, favorable support by Japanese authorities, and China focusing more on environmental concern and control over emission act as the driving factors for the segment.
Segments
Segments Covered in the Report
The global metal finishing market has been bifurcated on the basis of
Types
- Inorganic
- Electro Polishing
- Anodizing
- Conversion Coatings
- Thermal Spray Powder Coating
- Galvanization, Electro Less Plating
- Electroplating
- Consumables and Spares
- Cladding
- Pretreatment/Surface Preparations
- Organic Metal Finishing
- Hybrid Metal Finishing
Applications
- Constructions
- Electronics
- Heavy equipments
- Medical Devices
- Jewellery
- Aerospace
- Applications
- Automotive
- Hardware
Regions
- Asia Pacific
- North America
- Europe
- South America
- Middle East and Africa
Key Players
- Linde PLC
- C.Uyemura & Co. Ltd
- Honeywell International Inc.
- OC Oerlikon Management AG
- Atotech
Competitive Landscape
Key players competing in the global metal finishing market include Linde PLC; C.Uyemura & Co. Ltd; Honeywell International Inc.; OC Oerlikon Management AG; Atotech.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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