The global Inorganic Metal Finishing Processes market is anticipated to grow at a significant CAGR of 6.7% during the forecast period. Metal finishing is a technique of changing the surface of the object to advance its appearance and durability. The metal finishing process involves the implementation of a method for cleaning, polishing, and improving the metal surface. The major factors that drive the growth of the global Inorganic Metal Finishing Processes market include the increasing use in the electroplating and polishing processes as this offers durability, improves the appearance of the metal, high corrosion resistance, and wear resistance, and the change from customary solvent-borne technologies to advanced technologies due to theses the international manufacturers spending in the Inorganic Metal Finishing Processes industrial sector. 

Additionally, in the automotive sector, the growth has slowed over the recent years. trades of new automobiles are going down in many parts across the globe. This has exaggerated the previously growing automotive production in maximum countries, According to OICA, In 2019, the total number of vehicles manufactured is around 91.79 million. Which is slow down 5.2% from the previous year. Moreover, the environmental restriction on some metal finishing chemicals by the government and the increasing replacement of metal by plastics is hampering the growth of the market.

Impact of COVID-19 Pandemic on Global Inorganic Metal Finishing Processes Market

The COVID-19 pandemic has had a considerable impact on the Inorganic Metal Finishing Processes market. The major application of Inorganic Metal Finishing Processes depends on the top economies such as the US, Europe, and China. The pandemic has disturbed the production, and supply of raw materials. China is one of the largest electronics and automobile producers, hence the COVID-19 pandemic in China interrupts the global supply chain, hence impacting the Inorganic Metal Finishing Processes market negatively. The market will witness “W” shape recovery in near future due to the restart of key industries in major economies. The main portion of recovery in the Inorganic Metal Finishing Processes industry is endorsed to the Chinese automobile industry.

Segmental Outlook 

The global Inorganic Metal Finishing Processes market is segmented on the basis of application. Based on application, the market is segmented into automotive, appliances, jewelry, aerospace, heavy equipment, medical devices, electronics, and other applications. 

Global Inorganic Metal Finishing Processes Market Share by Application, 2021 (%)

The Automotive Segment is Anticipated to Hold a Prominent Share in the Global Inorganic Metal Finishing Processes Market

The Automotive segment is expected to hold a prominent share owing to new launches in the market. Metal finishing is one of the noticeable techniques used to deliver a protective layer on the metal components of automobiles. The technique is used in various automobile parts such as under-the-hood components, chassis hardware, engines, fuel systems, brake parts, systems, and climate control components. Additionally, The metal finishing process is also used for paints or ceramics. . Various parts of the vehicle require their contact surfaces to be even, stress relieved. The ceramics allow the motorized engines to attain a surface with less resistance and heat, foremost to the generation of more overall better performance.  According to OICA, around 91.79 million vehicles were produced in 2019. 

Regional Outlooks

The global Inorganic Metal Finishing Processes market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater to considerable growth during the forecast period. Europe is expected to be the fastest-growing region in terms of consumer demand for inorganic metal finishing technologies. 

Global Inorganic Metal Finishing Processes Market Growth, by Region 2022-2028

The Asia-Pacific Region is Expected to Hold a Prominent Share in the Global Inorganic Metal Finishing Processes Market

The Asia-Pacific region is expected to hold a prominent share in the global Inorganic Metal Finishing Processes market. Rising demand for electrical, and electronic vehicles in the automobile segment and the growing presence of end-user user industries of Inorganic Metal Finishing Processes in the emerging economies of the region are likely to drive the growth of the regional market. The growing investments, innovation, and production in the automotive industry, growing demand for heavy equipment, with key players investing in the industrial sector, are some of the major factors that boost the demand for the metal finishing process in the region. China is one of the largest producers of automotive across the globe. China is converging on engineering products for fuel economy. 

Market Players Outlook

The major companies serving the global Inorganic Metal Finishing Processes market include A.E. Aubin Company, Auromex Co. Ltd, Honeywell International Inc., Linde Plc, Oc Oerlikon Management Ag, Otec Precision Finish, Inc. Sequa Corporation., Elementis PLC, and others. The players have adopted various developmental strategies for expanding their market share, increasing profitability, and remaining competitive in the market. 

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Inorganic Metal Finishing Processes market. Based on the availability of data, information related to new product launches, 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.