The global metal plating and finishing market is anticipated to grow at a significant CAGR of 3.2% during the forecast period (2022-2028). Metal finishing chemicals are used to preserve the automotive interior and exterior parts from corrosion and premature wear. These chemicals are also used to improve the appearance of the parts by smoothing them out. The global metal plating and finishing market is growing due to its increasing applications in the automotive industry. The rising growth of the printed circuit board industry and higher usage of chemicals in aerospace maintenance, repair, and overhauls are also contributing to the growth of the market. Additionally, several favorable government policies as well as rising demand for bio-based cleaning chemicals and changing lifestyle is generating opportunities for development in the global metal plating and finishing market.
The Asia-Pacific region is anticipated to dominate the market due to the increasing investment in the automotive industry and the high usage of electrical and electronic products in this region. The demand for heavy constructional equipment and huge investment in the industrial sector is also boosting the growth of the market in this region. The increasing production of automobile production in countries like China is also considered a growth factor in the market. China has produced 26.08 million units of vehicles in 2021, observing a growth of about 3% in comparison to the previous year, as per the OICA.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In November 2021, AOTCO announced the launch of a new Type I Chromic Acid Anodizing service delivered via a purpose-built production line, this service expands AOTCO’s ability to provide its aerospace and other clients with the highest quality plating and finishing services.
- In May 2020, Pioneer Metal Finishing announced the launch of Surface Engineering Academy (SEA) — an expert-level resource for surface engineering and modification advancement.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Linde plc, Atotech, C. Uyemura ＆ , Ltd., Honeywell International Inc., and OC Oerlikon Management AG, among other
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Global Metal Plating and Finishing Market Report by Segment
By Type
- Inorganic Metal Finishing
- Organic Metal Finishing
- Hybrid Metal Finishing
By Application
- Automotive
- Electronic Appliances
- Aerospace
- Construction
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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