Global Metal Finishing Market: Growth, Challenges, and Opportunities
Research Reports
Aug 14, 2023
Metal Plating & Finishing Market Overview
The Metal Plating and Finishing Market will hold USD 11.490.7 million with a CAGR of 4.23% between 2020 and 2027. The market held USD 9,134.8 million in 2017.
When it comes to metal, both plating and finishing are of utmost significance as it helps to boost up the component’s longevity. This way it helps to boost up the profit margin and brings down the cost of the production thereby giving the metal plating and finishing market a striking traction. Metal plating and finishing is an effective manufacturing process which coats and protects metals by coating the substrate through a thin metal layer. The metal plating and finishing process offers features such as increased solderability, decorative appearance and corrosion resistance, that is getting accolades especially from the end-user industries namely automotive, medical, aerospace, electrical and electronics. Further it offers resistance against UV radiation, high temperature, water and chemicals and oxidation.
There are many factors that is fueling the growth of the metal and finishing market. The different market trends and factors in this market according to an analysis performed by Market Research Future (MRFR) include developing countries registering enormous growth in the auto sector, intense interest displayed by the aerospace sector in metal plating and finishing process, and also its large use in the construction sector. On the contrary, the plastic industry is narrowing down the openings by curbing both the weight and cost of the end-product which is likely to hamper the growth of the metal plating and finishing market.
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Market Segmentation
In the Market Research Future (MRFR) report, the metal plating and finishing market has been segmented on the basis of type, material, process and application.
Based on type, it is segmented into finishing and protection, cleaning and surface preparation, metal plating and others. Of these, metal plating is expected to have the largest market share and eyeing to touch USD 5,143 million over 2023. The remaining segments however are anticipated to touch 5.27% CAGR over the forecast period.
Based on material, the metal plating and finishing market is segmented into tin, bronze, gold, nickel, zinc and others. Of these, zinc will have an upper hand and is expected to touch USD 4,508.2 million over 2023. The other segments are expected to expand remarkably at 5.20% CAGR over the forecast period.
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Based on process, it is segmented into electroless plating and electroplating. Of these, the electroplating segment to grab the largest market share. It is expected to touch USD 6,589.9 million over 2023. The electroless plating segment on the other hand is expected to grow at 4.72% CAGR over the forecast period.
Based on application, the metal plating and finishing market is segmented into medical components, aircraft components, machine components, automotive components and others. Of these, the automotive components will lead the market and is expected to surpass USD 4,536.2 million over 2023. The remaining segments will grow at 5.72% CAGR over the forecast period.
Regional Analysis
Based on region, the metal plating and finishing market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, South America and Middle East and Africa. Of these, North America will rule the market and is likely to touch USD 3,555.4 million by 2023. This lead is accredited to the robust infrastructure across the industries. The APAC market however has the promise of dominating the market in the future. By 2023, this region is expecting to touch USD 3,520.9 million at 6.04% CAGR over the forecast period.
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Key Players
DowDuPont the U.S.
Lincoln Industries the U.S.
Pioneer Metal Finishing the U.S.
Anoplate Corporation the U.S.
Arlington Plating Company the U.S.
Atotech Germany
Platform Specialty Products Corporation, the U.S
CECO Environmental Corporation
the U.S. Intertec
the U.S. SPC the U.S.
Coastline Metal Finishing
the U.S. Dixie Industrial Finishing the U.S
American Plating Company the U.S.
Nassau Chromium Plating Co. the U.S.
Ctech Metal Finishing Inc. the U.S.
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