Global Metal Finishing Market Outlook

The global metal finishing market attained a value of nearly USD 106.41 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4%.

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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.

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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.

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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

Metal Finishing Market Report Snapshots

Metal Finishing Market Size

Metal Finishing Market Growth

Metal Finishing Companies