The global metal finishing market is projected to have a significant CAGR of 4.6%, during the forecast period.The major factors propelling market growth include rising end-user industries such as automotive, electronics and others. Metal finishing modifies the surface or layer of a workpiece to attain specific characteristics. It includes several operations such as surface pretreatment, preparation, and actual coating methods. In the automotive industry, metal finishing has a significant role in the production of automotive equipment. Therefore, the rising demand for metal finishing in automotive industry coupled with the rising production of automotive propels the market growth during the forecast period.

Increasing requirement of the long-lasting, wear-resistant and durable machineries for various industrial applications encourages the metal finishing market growth. Metal finishing improves the corrosion resistance of the metal layer and provides durability in the metal.The market players use a variety of materials and processes to clean, etch, and plate metallic and non-metallic surfaces to create a work piece that has the desired surface characteristics. The chemical, electrochemical, electrolytic plating and electroless plating are mainly used in the metal finishing industry. However, the rising adoption of the plastics in place of metals and concerns related to the use of toxic metal finishes chemicals are the factors that can hinder the market growth in the near future.  

Segmental Outlook  

The global metal finishing market is classified on the basis of type and application. Based on type, the market is segmented into inorganic metal finishing, organic metal finishing, and hybrid metal finishing. The inorganic metal finishing segment is estimated to grow considerably in the market during the forecast period. Inorganic metal finishing provides various benefits such as better electrical conductivity and corrosion resistance as compared to other types of metal finishing products.On the basis of application, the market is segregated into automotive, electrical and electronics, aerospace, industrial, and others(hardware). 

Global Metal Finishing Market Share by Application, 2018 (%)

Global metal finishing market to be driven by Industrial application

Industrial application segmentis projected to have significant market growth during the forecast period. The segmental growth is backed by the rising adoption of metal finishing process in machinery production in industries across the globe. The metal finishing is widely used for the large and heavy equipment in industrial applications. The metal finishing offers various advantages in industrial applications, such as reflectivity and appearance, torque tolerance, hardness, chemical resistance and others. Therefore, due to, these benefits the metal finishing is on high demand in industrial applications that is estimated to propel the growth of the market during the forecast period.     

Regional Outlook 

Moreover, the global metal finishing market is further classified based on geography, including North America, Europe, Asia-Pacific, and Rest of the World. North America is estimated to hold a considerable share in the global market. The high adoption of the advanced metal finishing solutions coupled with the presence of key market players such as Honeywell International Inc. and DuPont de Nemours, Inc. in the region, particularly in the US are other factors that are contributing significantly in the regional market growth. 

Global Metal finishing Market Growth, by Region 2019-2025

Asia-Pacific is estimated to have a considerable growth rate in the global market

Asia-Pacific is estimated to show steady growth in the global metal finishing market during the forecast period. China, Japan, and India are a significant contributor to the market due to the growing automotive and electronics industries in these countries. International Trade Union Federation (ITUF) estimates that China is the largest producer of electrical and electronic components across the globe. Abundance of economical labor has made the country competitive in terms of low-cost, labor-intensive manufacturers in the globalmarket. Due to which, the manufacturing sectorconstitutes a significant share of country’s trade. A substantial amount of China’s imports is comprised of parts and components that are assembled into finished products, such as electronic products, and then exported. Owing to these facts, the region isestimated to contribute substantially in the global metal finishing market during the forecast period.

Market Players Outlook

The key players in themetal finishing market are contributing significantly by providing advanced technology-based products and through expanding their geographical presence across the globe. The key market players includeAtotech Deutschland GmbH, BroCo Products, Inc, Chemtool Inc., DuPont de Nemours, Inc., Honeywell International Inc., Metal Finishing Technologies, LLC, and TIB Chemicals AG. These market players adopt various strategies such as product launch, partnerships, collaborations, merger, and acquisitions to sustain a strong position in the market. For instance, in August 2019, Atotech Deutschland GmbH announced the acquisition of J-KEM International,a global supplier of chemical products and processes for the PCB and general metal finishing industries. With this acquisition, the company will expand its business in the metal finishing industry. 

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global metal finishing market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.