Market Research Global metal finishing Market Analysis 2018

The market for metal finishing is expected to register a significant growth during the forecast
period, 2018 to 2023. This tremendous growth is significantly driven by the increase in Increase
in automotive production globally.
Growth of Automotive Sector
Automotive industry provides the major end-user segment for the metal finishing market. In the
automotive industry, metal finishing is used in engine and other under-the-hood components,
power steering systems, brake parts and system, air-conditioning components and systems,
chassis hardware, climate control components, and fuel systems. Companies are investing in
coatings because automotive sales depend on aesthetic appeal and body corrosion protection.
Hence, the growth of the automotive industry is directly proportionate to the growth of the metal
finishing market. The global automotive production stood at 97.30 million units in 2017 with a
growth rate of 2.36% during the previous year and it created a huge opportunity for the
expansion of global metal finishing market.
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2023/inquiry
Hybrid Metal Finishing Market Segment to Fuel the Market Growth
Hybrid Metal Finishing is expected to grow the fastest during the forecast period. Hybrid
Coatings are majorly used in marine environments because they exhibit very effective impedance
(Z) values in extreme environments and provide excellent corrosion protection compared to
conventional counterparts. In addition, domestic applications are also creating a huge demand for
hybrid coatings, owing to more cost effectiveness and durability. The demand for hybrid coating
is expected to increase in the future, owing to the countries in Asia Pacific, Europe, and North
America have adopted regulations that require facilities to reduce VOC emissions.
Asia-Pacific to Ignite the Market Growth
Asia-Pacific has the largest market share accounting for more than 30% of the global share,
followed by North America and Europe, and is also projected to be the fastest-growing market
during the forecast period. The growth of this market is largely fuelled by increasing
applications, technological advancements, and growing demand in the emerging economies in
the Asia Pacific region, such as China and India due to the large base of the automotive,
electronics, and aerospace industries, amongst others. The large market size coupled with the
huge growth in the region is quite instrumental in expansion of the global metal finishing market.
Key Developments in the Market
August 2017: Guyson International released details of new AM powder recovery system at TCT
Show 2017
February 2017: Atotech acquired Pegastech plating on the plastics technology
Major Players: TIB Chemicals, Atotech Deutschland Gmbh, Guyson International, The Okuno-
Auromex (Thailand) Co., Ltd and Mass Finishing Incorporated, amongst others.
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