Summary
APAC Metal Finishing Market on this study has been segmented on the basis of type into inorganic, organic, and hybrid metal finishing. The inorganic metal finishing segment is further segmented into cladding, pre-treatment / surface preparation, consumables and spares, electroplating, galvanizing, electro-less plating, conversion coatings, anodizing, and electro polishing.
Description
The APAC Metal Finishing Market was valued at USD XX. XX billion in 2015 and is projected to reach USD XX. XX billion by 2020, at a CAGR of XX. XX % during the forecast period from 2015 to 2020. Metal finishing is used to coat products made from certain metals to enhance their life-span and to prevent them from getting corroded. It is also used to enhance electrical properties of these metals and the bonding of organic coatings. Finishing is also used to provide these metals with a better visual appearance and appeal for consumers.
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The report on this study has been segmented on the basis of type into inorganic, organic, and hybrid metal finishing. The inorganic metal finishing segment is further segmented into cladding, pretreatment / surface preparation, consumables and spares, electroplating, galvanizing, electro-less plating, conversion coatings, anodizing, and electro polishing. Among the inorganic metal finishing technologies, the electroplating processes segment dominates the market. It accounts for over XX. XX % of the market and was valued at USD XX. XX billion in 2015. The demand for the galvanizing segment is expected to rise further, which would be steered by the growing demand for galvanized steel in various parts of the world. The electro-less plating segment is replacing the electroplating in many applications, as the former is environment-friendly and is expected to witness a considerable growth rate during the given forecast period.
The report is also segmented on the basis of application into automotive, appliances, hardware, jewellery, aerospace, heavy equipment, tires, electronics, telecommunication, and others. Similarly, the report is also segmented into major regions, China, India, Japan, South Korea, Malaysia, Singapore, Thailand, Indonesia, Australia & New Zealand and Rest of Asia-Pacific. Asia-Pacific has the largest market share accounting for 34.0 % of the global share, followed by North America and Europe. Asia-Pacific is also projected to be the fastest-growing market during the given forecast period. This growth can be attributed to the presence of developing countries in this region, which are also witnessing rapid growth in the automotive, steel, and electrical & electronics industries.
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Among all the segments in this market, the inorganic metal finishing market dominates the rest in terms of both market share and volume, with market share of USD XX. XX billion in 2015. It is expected to witness a considerable growth rate during the forecast period, due to the increasing demand from the
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