A new Transparency Market Research report states that
the global inorganic metal finishing market stood at US$54.7 bn in
2013 and is predicted to reach US$83.3 bn by 2020. The market will
expand at a 6.20% CAGR between 2014 and 2020. The title of the report
is “Inorganic Metal Finishing Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 – 2020”
As per the report, factors such as rapid development
of the steel and automotive industries, resulting in an increased
demand for inorganic metal finished components, is fuelling the
inorganic metal finishing market. In addition, rise in industrial
activities within the aerospace sector and heavy industries is also
amongst the major factors stimulating the inorganic metal finishing
market. On the other hand, factors such as stringent regulations
imposed by the EPA and REACH on chromium emissions during a number of
metal finishing processes including electroplating are predicted to
be a key challenge for the market players, hence imposing a negative
effect on the growth of the market.
This 91 page report gives readers a comprehensive
overview of the Inorganic Metal Finishing market. Browse through 15
data tables and 25 figures to unlock the hidden opportunities in this
market @
On the basis of technology, the market is segmented
into cladding, anodizing, conversion coatings, electroplating,
galvanizing, and others including electro polishing, etc. Amongst
these, electroplating is majorly utilized for depositing metal
finishing on automotive components. The electroplating segment was
the biggest technology segment and represented 35% of the market.
On the basis of product, the market is segmented into
inorganic metal finishing technology, pre-treatment/surface
preparation, and consumables and spares. Amongst these, inorganic
metal finishing technology is broadly utilized in numerous industrial
as well as electrical and electronic applications owing to a number
of benefits associated with the usage of this technology. Properties
including high durability and good corrosion resistance are the major
driving factors increasing the demand for inorganic metal finishing
technology.
On the basis of application, the inorganic metal
finishing market is segmented into electrical and electronics,
automotive, industrial, and others including defense and hardware.
Amongst these, on the basis of revenue, the automotive application
segment held the biggest share, of more than 50%, in the market in
2013. The industrial application segment followed the automotive
segment and stood as the second-biggest application segment in the
market, trailed by the segment of electrical and electronic and
others such as defense and hardware.
On the basis of geography, the market is segmented
into Europe, North America, Asia Pacific, and Rest of the World
(RoW). Amongst these, in 2013, Asia pacific emerged as the biggest
market for inorganic metal finishing, trailed by North America and
Europe. Asia Pacific represented a share of approximately 35% in the
market and is predicted to be the most swiftly developing region on
the basis of consumption of inorganic metal finishing technologies.
North America also has a strong hold in the inorganic metal finishing
market and is predicted to rise at a 5.90 % CAGR on the basis of
revenue from 2014 to 2020.
Get accurate market forecast and analysis on the
Inorganic Metal Finishing market. Request a sample to stay abreast on
the key trends impacting this market@
The prime players operating in the market include
Metal Finishing Technologies LLC, Abakan Inc., Sequa Corporation,
Elementis plc, Rockwood Holdings Inc., Atotech Deutschland GmbH,
Industrial Metal Finishing, and Honeywell International Inc., among
others.
The market is segmented as follows:
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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