Metal Finishing Equipment Market Growth Factors, Demand & Supply Chain Analysis of Coventya, DowDuPont, BASF, Atotech Group, Sequa Corporation, MacDermid Performance Solutions, Metal Finishing Technologies, LLC, Honeywell & Mass Finishing, Inc by 2024

Market share consolidation by industry participants via mergers and acquisitions across all levels of the value chain is identified as the key trend in the metal finishing equipment market. For instance, in August 2018, a private equity firm Aterian Investment Partners announced the acquisition of Pioneer Metal Finishing LLC, a provider of plating, anodizing, and other value-added surface-treating services.

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The market for hybrid metal finishing equipment is also expected to witness considerable growth during the forecast period. Hybrid coatings are majorly used in marine environments because they exhibit effective impedance in extreme environments and provide excellent corrosion protection as compared to their conventional counterparts.

Based on type, the global metal finishing equipment market can be classified into hybrid metal finishing, inorganic metal finishing, and organic metal finishing. Of these, inorganic metal finishing occupied the largest share in the market during the historical period, as it encompasses several types of metal finishing techniques, such as cladding, pretreatment, and galvanizing, which are widely employed in industrial applications.

Metal finishing is a process of applying a thin layer of a foreign metal, polymer film, or alloy on a metal surface. The metal finishing process includes a series of elementary steps, including surface pretreatment/preparation, which are followed by the coating on the metal surface.

Some of the major players operating in the global metal finishing equipment market are Atotech Deutschland GmbH, Sequa Corporation, Plating Equipment Ltd., Coventya, DowDuPont, BASF SE, MacDermid Inc., Metal Finishing Technologies LLC, Delstar Metal Finishing Inc., TIB Chemicals AG, Honeywell International Inc., Vanchem Performance Chemicals, Industrial Metal Finishing Company, and Mass Finishing Incorporated.

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Market players, such as Atotech Deutschland GmbH, Coventya, DowDuPont, BASF SE, and MacDermid Inc., are focusing on expanding their distribution network by establishing distribution centers, entering into mergers and acquisitions, and forming new agreements with local distributors.

The metal finishing equipment market is highly fragmented in nature. A number of manufacturers have concentrated their business in North America and Europe, although they have distribution networks across other regions as well.

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