North America Metal Finishing Equipment Market 2023 Industry Size, Share, Trends, Leading Players - HONEYWELL, PRAXAIR SURFACE TECHNOLOGIES, OERLIKON, UYEMURA INTERNATIONAL, ABAKAN

North America Metal Finishing Equipment Market Highlights:
The North America metal finishing equipment market is expected to register a CAGR of 5.86% during the forecast period, 2018 to 2023. The United States dominated the North American metal finishing equipment market, accounting for around 78% share of the market.

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Inorganic Metal Finishing to Dominate the Metal Finishing Equipment Market
Applications, such as electroplating, surface preparation, galvanizing, and electro-less plating, among other applications, are driving the inorganic metal finishing market. The electroplating process segment dominated the inorganic metal finishing market in 2017. Electroplating acts as a barrier against corrosion, enhances the appearance of the metal, reduces friction, is an efficient conductive solution, improves catalytic converter performance, and prevents formation of whiskers; all of which make it a viable choice to be used as a process for metal finishing applications; thus, driving its growth in the inorganic metal finishing market.

Key Developments in the Market
December 2017: Advanced Coatings Inc. announced that it will purchase Pioneer Metal Finishing's facility and assets

Major Players:
HONEYWELL, PRAXAIR SURFACE TECHNOLOGIES, OERLIKON, UYEMURA INTERNATIONAL, ABAKAN INC., amongst others.

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Increasing Usage in Automotive
In the automotive industry, metal finishing is used in engine and other under-the-hood components, power steering systems, brake parts and system, air-conditioning components and systems, chassis hardware, climate control components, and fuel systems. Hence, the growth of the automotive industry is directly proportionate to the growth of the metal finishing market. However, United States and Canada experienced a decline in automotive production in 2016. But the industry is expected to recover soon through the upcoming years. Mexico was the only country to experience a growth rate of 1.3% in 2016. With the recovery of automotive production in North America, the market for metal finishing is expected to surge through 2023.

US to Dominate the Market Growth Through 2023
The United States dominated the North America metal finishing market, accounting for around 78% share of the market through the forecast period. Growing use of metal finishing technique in automotive, electronics, construction, aerospace, medical devices, manufacturing, etc., in the country will facilitate the growth of metal finishing technique in the United States through the forecast period.

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