Global Inorganic Metal Finishing Market: Snapshot
Inorganic metal finishing technology is considered to play a vital role in a large number of industries across the globe. The growing use of components that have inorganic metal finishing in a wide range of applications is one of the main factors that is projected to encourage the growth of the global market throughout the forecast period. The emergence of innovative and eco-friendly technologies is predicted to generate promising opportunities for the leading players operating in the global inorganic metal finishing market in the next few years. The untapped opportunities in several developing economies across the globe are anticipated to supplement the development of the overall market in the near future.
According to the research report, in 2013, the global market for inorganic metal finishing market was worth US$54.7 bn. The market is estimated to register a healthy 6.20% CAGR between 2014 and 2020, reaching a value of US$83.3 bn by the end of 2020.
Expansion of Application Base to Encourage Growth of Global Market
The robust development of the automotive industry across the globe and the rising demand from the steel industry are some of the key factors that are likely to encourage the growth of the global inorganic metal finishing market in the near future. In addition, the increasing number of applications is expected to accelerate the market’s growth. On the other hand, stringent environmental regulations that are being imposed by REACH and EPA concerning chromium emissions during several processes of metal finishing are anticipated to restrict the growth of the global market in the coming years.
The global market has been categorized on the basis of application into automotive, electrical and electronics, industrial, and others. The other segment has been sub-segmented into defense and hardware. In 2013, the automotive segment led the overall market and accounted for a share of 50%. As per the study, this segment is anticipated to remain in the leading position in the next few years. Furthermore, the industrial and automotive segments are estimated to witness progressive growth in the next few years.
Asia Pacific to Maintain Dominance in Global Inorganic Metal Finishing Market
The research study has categorized the global inorganic metal finishing market on the basis of geography to offer a strong understanding of the market. Among the key segments, Asia Pacific is likely to lead the global market and hold a massive share in the next few years. The rising demand for inorganic metal finishing across diverse industries is one of the major factors that are predicted to fuel the growth of the Asia Pacific market in the coming years. In addition, the significant development of the automotive industry in this region is likely to accelerate the growth of the inorganic metal finishing market throughout the forecast period.
Furthermore, North America is projected to witness progressive growth and remain in the second position in the global inorganic metal finishing market. As per the research report, this region is expected to register a healthy 5.90% CAGR between 2014 and 2020. The rising focus of leading players on the expansion of the application base in order to increase their sales is anticipated to accelerate the growth of the inorganic metal finishing market in North America throughout the forecast period. Furthermore, some of the prominent players operating in the inorganic metal finishing market across the globe are Abakan Inc., Metal Finishing Technologies LLC, Industrial Metal Finishing, Elementis plc, Sequa Corporation, Honeywell International Inc., Atotech Deutschland GmbH, and Rockwood Holdings Inc.
Demand for inorganic metal finishing is primarily led by growth in automotive and steel industries across the globe. Asia Pacific dominates the global market for inorganic metal finishing technology. This report by Transparency Market Research analyzes, estimates and forecasts the demand for inorganic metal finishing on a global and regional level for a six-year period from 2014 to 2020. The study also provides information on restraints, drivers and opportunities along with their impact on the overall market during the forecast period. The report segments the market based on applications and regions and offers estimates and forecast for each segment.
The study analyzes the product value chain, beginning with feedstock up to end-use. Additionally, it evaluates the market based on Porter’s five forces model, which analyzes the degree of competition by considering factors such as bargaining power of buyers and suppliers, and threat from substitute products and new entrants. The report includes a detailed competitive landscape of the inorganic metal finishing market.
Prices of inorganic metal finishing vary across each region. Considering that different end-users use different types of products, pricing for each application varies according to regions while estimating and forecasting market revenue on the global basis. The regional average price has been considered while breaking down the market by end-application in each region. Market size of the global inorganic metal finishing market has been presented in terms of revenue. Market revenue is in US$ Bn. Both domestic and captive sales of inorganic metal finishing have been considered.
Market numbers are provided based on product types and applications in the context of the global as well as regional market. Market size and forecast for each major application is also provided in the context of the global as well as regional market. Numbers provided in the report are derived based on demand for inorganic metal finishing in various end-user industries across different regions. The industrial application segment consists of heavy machinery, aerospace and steel applications. All the prices have been considered as FOB prices. Market revenue has been calculated based on sales and consumption trends. All US$ exchange rates are as of 2013. Prices have been kept constant throughout the forecast period for calculating the market size.
The report provides a decisive view on the inorganic metal finishing market by segmenting the market based on product types and applications. Product segments analyzed in the report include pretreatment/surface preparation, inorganic metal finishing process and consumables and spares. The inorganic metal finishing processes have been further segmented into anodizing, cladding, conversion coatings, electroplating, electroless plating, galvanizing and others (including electropolishing). Based on applications, the inorganic metal finishing market is segmented into automotive, electrical and electronics, industrial and others (including, hardware and defense). These application segments have been analyzed based on present and future trends, and the market has been estimated from 2014 to 2020.
The inorganic metal finishing market is segmented based on geography into North America, Europe, Asia Pacific and Rest of the World (RoW). In terms of revenue, the market for inorganic metal finishing for each application type for each of these regions has been forecast for the period from 2014 to 2020.
Leading manufacturers profiled in the report 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. These companies are profiled in detail with features such as company overview, financial overview, business strategies, and recent developments.
Inorganic Metal Finishing Market - Product Segment Analysis
- Pretreatment/Surface Preparation
- Inorganic Metal Finishing Processes
- Consumables and Spares
Inorganic Metal Finishing Market - Application Analysis
- Electrical and Electronics
- Others (Including hardware and defense)
Inorganic Metal finishing Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)