The
global inorganic metal finishing market was valued at US$ 54.75 Bn in
2013 and is likely to reach US$ 83.32 Bn by 2020, expanding at a CAGR
of 6.2% between 2014 and 2020.
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Inorganic
metal finishing plays an important role in the production cycle of
metals. Inorganic metal finishing processes are used to deposit
either a non-metallic or metallic coating on a substrate. Metal
finishing enhances the corrosion resistance of the metal substrate;
hence, it is extensively used in various industries. Global demand
for inorganic metal finishing is primarily driven by growth in
automotive and steel industries, and subsequent increase in demand
for inorganic metal finished components. These are anticipated to
remain the major driving forces for the inorganic metal finishing
market in the near future. Stringent regulations regarding the usage
of inorganic metal finishing are anticipated to offer key challenges
for market participants.
Electroplating
was the predominant segment in the inorganic metal finishing process
market, accounting for over 35% of the global demand in 2013. Demand
for components manufactured using electroplating is projected to rise
significantly in the next few years, due to its increasing usage in
several automobile applications across the globe. Inorganic metal
finishing processes are extensively used in several industrial as
well as electrical and electronics applications due to its several
advantages as compared to other finishing processes. Properties such
as high corrosion resistance and high durability are anticipated to
be the key driving factors for the electroplating metal finishing
market in the near future.
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Asia
Pacific accounted for about 35% of the global inorganic metal
finishing market in 2013, followed by North America and Europe. Asia
Pacific is estimated to be the fastest growing region in terms of
consumption of inorganic metal finishing technologies. This can be
ascribed to growth in automotive, steel and electrical and
electronics industries in the region. Asia Pacific emerged as a key
destination for inorganic metal finishing producers due the recent
economic development coupled with increasing disposable income of
people in the region. This has encouraged various manufacturers to
establish new capacities in Asia Pacific. North America is another
major region with strong demand for inorganic metal finishing
technology. The market for inorganic metal finishing products in
North America is likely to expand at a CAGR of 5.9% in terms of
revenue between 2014 and 2020.
Major
participants in the inorganic metal finishing market include Abakan
Inc., Metal Finishing Technologies LLC, Sequa Corporation, TIB
Chemicals AG, Elementis plc, Rockwood Holdings Inc., Vanchem
Performance Chemicals, Atotech Deutschland GmbH, Honeywell
International Inc. and Industrial Metal Finishing.
Inorganic
Metal Finishing Market – Product Segment Analysis
- Pretreatment/Surface Preparation
- Inorganic Metal Finishing Processes
- Consumables and Spares
Inorganic
Metal Finishing Market – Application Analysis
- Automotive
- Electrical and Electronics
- Industrial
- Others (Including hardware and defense)
Inorganic
Metal finishing Market – Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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