The metal finishing market, by revenue, was USD 74.37 billion in 2015 and is projected to reach USD 109.71 billion by 2021, at an estimated CAGR of 6.65%, during the forecast period

Reports And Markets Publish a New Market Research Report On –"Metal Finishing Market - Segmented by Material Type, Application, and Geography - Trends and Forecasts (2017 - 2022)"

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The global metal finishing market, by revenue, was USD 74.37 billion in 2015 and is projected to reach USD 109.71 billion by 2021, at an estimated CAGR of 6.65%, during the forecast period. Asia-Pacific had the highest market share in 2015, followed by North America and Europe. Asia-Pacific is expected to be the fastest-growing market even during the forecast period, with a CAGR of XX%. This can be attributed to the presence of developing countries in the region that are witnessing rapid growth in the automotive, steel, electrical, and electronics industries.

Market Dynamics of the Global Metal Finishing Market:

Drivers:

Growth of the automotive and steel industries
Growing demand from the emerging markets
Need for durable, wear resistant, and long lasting metal products

Restraints:

Restriction of use due to environmental and chemical agents
Increasing replacement of metals by plastics

Market Segmentation

The market is segmented by type into organic metal finishing, hybrid metal finishing, and inorganic metal finishing (cladding, pretreatment/surface preparation, consumables and spares, electroplating, galvanizing, electro-less plating, conversion coatings, anodizing, and electro polishing). The inorganic metal finishing market dominated in 2014, by both market share and volume, with a revenue of USD XX billion.

This segment is expected to witness a considerable growth during the forecast period, due to the increasing demand from end-user industries such as automotive, electronics, and aerospace and is expected to reach USD XX by 2021, growing at a CAGR of XX%.

Among all the inorganic metal finishing technologies, the electroplating process segment dominates the market. It accounted for 38% of the market and was valued at USD XX billion in 2014. The demand for galvanizing is expected to rise further, steered by the growing demand for galvanized steel. The electro-less plating segment is replacing electroplating in many applications, as the former is environment-friendly and is expected to witness a considerable growth during the forecast period.

The market has also been segmented by geography into Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa. In 2015, Asia-Pacific had the highest market share in terms of revenue, accounting for over 36% of the global metal finishing market.

Opportunities and Market Players -

The shifting focus from traditional solvent-borne technologies to new and improved technologies and the growing adoption of environment-friendly electro-less plating is expected to offer numerous opportunities for the growth of the global metal finishing market.

Some of the major players dominating the market include -

Abakan Inc.
Atotech Deutschland GmbH
Dalmar Plating and Electroforming
Honeywell International Inc.
Industrial Metal Finishing
L.S Industries
Metal Finishing Technologies LLC
Plating Equipment Ltd.
Servi-Sure Corp.
Vanchem Performance Chemicals

Key Deliverables in the Study:

Market analysis for the global metal finishing market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global metal finishing market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.

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