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Global Metal Finishing Market to Grow at a CAGR of 4% During 2021-2026, Aided by the Flourishing Automotive Industry

Metal Finishing Market

Global Metal Finishing Market: By Type: Inorganic, Organic, Hybrid; By Application: Automotive, Appliances, Aerospace and Defence, Industry Machinery, Medical Devices, Electronics, Construction, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Metal Finishing Market Outlook

The global metal finishing market attained a value of nearly USD 102.32 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4%.

 

Global Metal Finishing Market

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Use of Metal Finishing in the Flourishing Automotive Sector to Bolster the Growth of the Metal Finishing Industry

The wide use of metal finishing in the flourishing automotive sector is aiding the market growth. It is used in various vehicles to prevent premature corrosion and provide a smooth and aesthetic finish to the overall appearance. Moreover, it is used in various vehicle parts like engines, power steering systems, shock absorbers, anti-vibration components, and fuel systems, among others, as a protective layer on the components of a vehicle. The smooth surface of the components aids engine in generating more horsepower, hence improving the overall performance of the vehicle. This is also propelling the growth of the metal finishing industry.

The rising demand for durable, ductile, and corrosion-resistant metal products is positively impacting the market growth for metal plating. The aerospace industry, witnessing robust growth, uses metal finishing in every part to meet stringent regulations and ensure optimum performance as well as operational security of aircraft. Moreover, it enhances corrosion protection, increases resistance to high temperatures, enhances electrical conductivity, and improves the strength of the metal substrate, due to which it is widely used on titanium. In addition, the use of metal finishing in tanks and armoured personnel carriers in the defence industry to meet the demands for challenging environmental conditions are further invigorating the market growth.

 

Metal Finishing: Market Segmentation

Metal finishing is the process of placing a metal coating on an object to improve its appearance and durability. It consists of electroplating for cleaning, polishing, and improving a surface. It is used to coat other metals or a polymer to modify the surface properties.

 

Global Metal Finishing Market by Segment

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The major types of metal finishing are:

  • Inorganic
  • Organic
  • Hybrid

The market can be broadly categorised on the basis of its applications into:

  • Automotive
  • Appliances
  • Aerospace and Defence
  • Industry Machinery
  • Medical Devices
  • Electronics
  • Construction
  • Others

The EMR report looks into the regional markets of metal finishing like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Metal Finishing Market by Region

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Extensive Use of Metal Finishing in the Medical Industry Boosting the Growth of the Metal Finishing Industry

Technological advancements in the medical industry have led to the use of metals such as titanium and magnesium instead of stainless steel in medical devices. Metal finishing plays a crucial role in meeting the required quality and performance of the products. It also ensures a high standard of sanitation, reliability, and safety of surgical instruments. This is aiding the industry growth. When many medical products such as artificial hips and heart pacemakers are implanted inside the body, metal finishing is used to ensure smooth, rust-free surfaces in order to limit the risks of infection, which is augmenting the market growth. In addition, metal finishing posits various advantages for patients as it employs minimally invasive medical procedures, hence reducing patient recovery time and healthcare costs. This is also propelling the market growth.

Metal finishing is extensively used in various consumer electronics to provide corrosion protection, stain resistance, ductility, and wear resistance, among others. Moreover, it is also used to improve the overall appearance and aesthetics, which is propelling the industry growth. In addition, various innovations and developments in metal finishing are increasing its use in several industrial applications. It is not only used to minimise the wear and tear of metallic products but also to improve electrical conductivity and torque resistance, among others. The use of metal finishing in precision tools improves the latter’s accuracy and durability while easing cleaning processes, hence invigorating the market growth.

 

Key Industry Players in the Global Metal Finishing Market

The report presents a detailed analysis of the following key players in the global metal finishing market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Honeywell International Inc.
  • Atotech Deutschland GmbH
  • Uyemura
  • Auromex Co., Ltd. 
  • DuPont de Nemours, Inc.
  • TIB Chemicals AG
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Inorganic, Organic, Hybrid
Breakup by Application Automotive, Appliances, Aerospace and Defence, Industry Machinery, Medical Devices, Electronics, Construction, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Honeywell International Inc., Atotech Deutschland GmbH, Uyemura, Auromex Co., Ltd., DuPont de Nemours, Inc., TIB Chemicals AG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Metal Finishing Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Metal Finishing Historical Market (2018-2022) 
    8.3    Global Metal Finishing Market Forecast (2023-2028)
    8.4    Global Metal Finishing Market by Type
        8.4.1    Inorganic
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Organic
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Hybrid
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global Metal Finishing Market by Application
        8.5.1    Automotive
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Appliances
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Aerospace and Defence
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Industry Machinery
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Medical Devices
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Electronics
            8.5.6.1    Historical Trend (2018-2022)
            8.5.6.2    Forecast Trend (2023-2028)
        8.5.7    Construction
            8.5.7.1    Historical Trend (2018-2022)
            8.5.7.2    Forecast Trend (2023-2028)
        8.5.8    Others
    8.6    Global Metal Finishing Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028) 
9    North America Metal Finishing Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Metal Finishing Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Metal Finishing Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Metal Finishing Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Metal Finishing  Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Honeywell International Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Atotech Deutschland GmbH
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Uyemura
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Auromex Co., Ltd. 
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    DuPont de Nemours, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    TIB Chemicals AG
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Metal Finishing Market: Key Industry Highlights, 2018 and 2028
2.    Global Metal Finishing Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Metal Finishing Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Metal Finishing Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Metal Finishing Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Metal Finishing Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Metal Finishing Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Metal Finishing Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Metal Finishing Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Metal Finishing Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Metal Finishing Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Metal Finishing Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Metal Finishing Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Metal Finishing Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Metal Finishing Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Metal Finishing Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Metal Finishing Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Metal Finishing Market Structure

Key Questions Answered in the Report

What was the global metal finishing market size in 2022?

In 2022, the global metal finishing market attained a value of nearly USD 102.32 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4% between 2023 and 2028.

What are the major industry drivers?

The industry is being aided by the use of metal finishing in the automotive sector and the aerospace and defence industry.

What are the key industry trends of the global metal finishing market?

The industry is expected to be driven by extensive use in the medical industry, consumer electronics, and precision tools to enhance efficiency and safety.

What are the major regional markets of metal finishing, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major types of metal finishing in the industry?

The major types of metal finishing in the industry are inorganic, organic, and hybrid.

What are the significant applications of metal finishing?

The significant applications of metal finishing are automotive, appliances, aerospace and defence, industry machinery, medical devices, electronics, and construction, among others.

Who are the key industry players, according to the report?

The major players in the industry are Honeywell International Inc., Atotech Deutschland GmbH, Uyemura, Auromex Co., Ltd., DuPont de Nemours, Inc., and TIB Chemicals AG, among others.

Analyst Review

The global metal finishing market attained a value of USD 102.32 billion in 2022, driven by the rising use of metal finishing in the automotive sector. Aided by the growing technological advancements in the medical industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the metal finishing industry can be segmented into inorganic, organic, and hybrid. On the basis of applications, the industry is divided into automotive, appliances, aerospace and defence, industry machinery, medical devices, electronics, and construction, among others. The major regional markets for metal finishing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Honeywell International Inc., Atotech Deutschland GmbH, Uyemura, Auromex Co., Ltd., DuPont de Nemours, Inc., and TIB Chemicals AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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