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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global metal finishing market attained a value of nearly USD 106.41 billion.
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is being driven by the use of metal finishing in the automotive sector and the aerospace and defence industry and the increasing demand for durable, war-resistant products.
The key trends of the market include the extensive use of metal finishing in the medical and consumer electronics sectors, rising demand for precision tools to enhance efficiency and safety, and the shift from traditional solvent-borne technologies to newer technologies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The dominant types of metal finishing in the market are inorganic, organic, and hybrid.
The significant applications of metal finishing are automotive, appliances, aerospace and defence, industry machinery, medical devices, electronics, and construction, among others.
The key players in the global metal finishing market are Honeywell International Inc., Atotech Deutschland GmbH, Uyemura, Auromex Co., Ltd., DuPont de Nemours, Inc., and TIB Chemicals AG, among others.
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