Metal Finishing Processes Market
Global Metal Finishing Processes Market Size, Share & Trends Analysis By Type (Inorganic Metal Finishing, Organic Metal Finishing, and Hybrid Metal Finishing), By Application (Automotive, Appliances, Jewelry, Aerospace, Heavy Equipment, Medical Devices, Electronics, and Other Applications) Forecast 2021-2027 Update Available - Forecast 2024-2030
The global metal finishing processes market is growing at a considerable CAGR of around 4.4% 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 metal finishing processes market include the increasing use in the electroplating and polishing processes as this offer durability, improve 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 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 increasing replacement of metal by plastics is hampering the growth of the market.
Impact of COVID-19 on the Metal Finishing Processes Market
The COVID-19 pandemic has negatively impacted the global metal finishing processes market since December 2019. The major application of 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 impacted the 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 metal finishing processes industry is endorsed to the Chinese automobile industry.
Segmental Outlook
The market is segmented based on type, and application. Based on type, the market is segmented into inorganic metal finishing, organic metal finishing, and hybrid metal finishing. Based on application, the market is segmented into automotive, appliances, jewelry, aerospace, heavy equipment, medical devices, electronics, and other applications
Global Metal Finishing Processes Market Share by Application, 2020 (%)
The Automotive Segment is Projected to Have a Significant Share in the Global Metal Finishing Process Market
Based on the application, the automotive segment is primary driven by the high demand for the metal finishing process. 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 metal finishing processes market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific held a significant share in 2020 in the global metal finishing processes market. Europe is expected to be the fastest-growing region in terms of consumer demand for inorganic metal finishing technologies.
Global Metal Finishing Processes Market, by Region 2021-2027
Asia-Pacific will Have Considerable Share in the Global Metal Finishing Processes Market
The Asia-Pacific held a considerable share in 2020 in the global 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 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 Player Outlook
Key players of the global 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. These players adopt different marketing strategies such as product launches. For instance, In May 2017, Honeywell International Inc. and Process Solutions announced that the company upgrades four process control systems that will improve reliability and support prevent unplanned shutdown losses for one of China's largest copper manufacturers.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global 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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Metal Finishing Processes Industry
• Recovery Scenario of Global Metal Finishing Processes Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Metal Finishing Processes Market by Type
5.1.1. Inorganic Metal Finishing
5.1.2. Organic Metal Finishing
5.1.3. Hybrid Metal Finishing
5.2. Global Metal Finishing Processes Application
5.2.1. Automotive
5.2.2. Appliances
5.2.3. Jewellery
5.2.4. Aerospace
5.2.5. Heavy Equipment
5.2.6. Medical Devices
5.2.7. Electronics
5.2.8. Other Applications (Construction)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. A.E. Aubin Company
7.2. Almcogroup.
7.3. Altotech
7.4. Auromex Co. Ltd
7.5. A Brite Company.
7.6. Coral
7.7. C.Uyemura&Co., Ltd.
7.8. DuPont de Nemours, Inc.
7.9. Guyson Corporation ofUSA
7.10. Honeywell International Inc.
7.11. Linde Plc
7.12. Mass Finishing Inc.
7.13. Oc Oerlikon Management Ag
7.14. Otec Precision Finish, Inc.
7.15. Plating Equipment Ltd.
7.16. Posco
7.17. Sequa Corp.
7.18. Tib Chemicals Ag
1. GLOBAL METAL FINISHING PROCESSES MARKET BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL INORGANIC METAL FINISHING MARKET BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL ORGANIC METAL FINISHING MARKET BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL HYBRID METAL FINISHING MARKET BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL METAL FINISHING PROCESSES MARKET BY APPLICATION, 2020-2027 ($ MILLION)
6. GLOBAL METAL FINISHING PROCESSES FOR AUTOMOTIVE MARKET BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL METAL FINISHING PROCESSES FOR APPLIANCES MARKET BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL METAL FINISHING PROCESSES FOR JEWELLERY MARKET BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL METAL FINISHING PROCESSES FOR AEROSPACE MARKET BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL METAL FINISHING PROCESSES FOR HEAVY EQUIPMENT MARKET BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL METAL FINISHING PROCESSES FOR MEDICAL DEVICES MARKET BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL METAL FINISHING PROCESSES FOR ELECTRONICS MARKET BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL METAL FINISHING PROCESSES FOR OTHER APPLICATIONS MARKET BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. NORTH AMERICAN METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
19. EUROPEAN METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
20. EUROPEAN METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
24. REST OF THE WORLD METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
25. REST OF THE WORLD METAL FINISHING PROCESSES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL METAL FINISHING PROCESSES MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL METAL FINISHING PROCESSES MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL METAL FINISHING PROCESSES MARKET, 2021-2027 (%)
4. GLOBAL METAL FINISHING PROCESSES MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL METAL FINISHING PROCESSES MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
6. GLOBAL METAL FINISHING PROCESSES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027, (%)
7. GLOBAL INORGANIC METAL FINISHING METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
8. GLOBAL ORGANIC METAL FINISHING METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
9. GLOBAL HYBRID METAL FINISHING METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%
10. GLOBAL AUTOMOTIVE METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
11. GLOBAL APPLIANCES METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
12. GLOBAL JEWELRY METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
13. GLOBAL AEROSPACE METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
14. GLOBAL HEAVY EQUIPMENT METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
15. GLOBAL MEDICAL DEVICES METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
16. GLOBAL ELECTRONICS METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
17. GLOBAL CONSTRUCTION METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
18. GLOBAL OTHER APPLICATIONS METAL FINISHING PROCESSES MARKET BY REGION, 2020 VS 2027 (%)
19. US METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
20. CANADA METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
21. UK METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
22. GERMANY METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
23. SPAIN METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
24. FRANCE METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
25. ITALY METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF EUROPE METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
27. INDIA METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
28. CHINA METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
29. JAPAN METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
30. SOUTH KOREA METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF ASIA-PACIFIC METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF WORLD METAL FINISHING PROCESSES MARKET SIZE, 2020-2027 ($ MILLION)
