Inorganic Metal Finishing: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2019-2029

Market Definition

Metal finishing is utilized at the very end of the manufacturing process and is an essential component. Various techniques, including as chemical washing and electroplating, are used depending on the application. Metal finishing procedures change the surface characteristics of base metal by adding a specific characteristic to the surface. Thin layers of material that are bondable to the metals can be used to provide them specific surface features, such as colour, appealing appearance, wear resistance, optical properties, electrical resistance, or thermal protection.

Market Insights

The global market for inorganic metal finishing technologies is estimated to increase from $80.15 billion in 2020 to reach $130.18 billion by 2028. The market for inorganic metal finishing is mainly influenced by the automotive end-use sector. Sharrett Plating claims that a variety of substances, including bird droppings, acid rain, dirt, tree sap, and even dead insects, can cause rust to develop on a vehicle. The underlying metal body parts are more prone to corrosion as the paint and clear coat are slowly eaten away by these pollutants over time. The corrosion process will be markedly accelerated by exposure to road salt or sea salt. Even Nevertheless, rust is freely invited by even a minor scrape. Another way to protect a vehicle finish is to wash it once a week. This will get rid of most of these impurities before they can cause any harm.

The desire to increase productivity is a crucial factor in determining the future of the inorganic metal finishing equipment sector. Future-proofed products must be produced more quickly, more affordably, and more effectively than current ones in order to compete. Even if lower labour costs are the conventional method of increasing productivity, the sector is already aware that it requires a larger workforce to remain competitive. Modifying investment choices in favour of improved metal finishing technologies is one way to increase the economics of metal finishing. Manufacturers can adopt virtual/integrated approaches into their manufacturing processes and benefit from their cost-saving features by utilising cutting-edge information technologies. To shorten the period between design creation and production start-up, modelling will be required.

The market for inorganic metal finishing equipment will need to make efforts to allay worries regarding material, process, and quality assurance restrictions. Performance, durability, and maintainability are all factors in metal finishing equipment selection. This equipment will be forced to have zero flaws and lifetime repairability due to competitive pressures. Although every product contains some imperfections or discontinuities, the trick is determining the level that is acceptable for the device to work as intended. Customers will be ensured that technology will be available to conduct repairs required to restore performance and prolong the life of complicated, expensive equipment, even though the emphasis will be on producing defect-free, high-quality equipment.

Market Dynamics: Drivers

Growth in the Additive Manufacturing or 3D Printing Industry

Complex parts can be produced using additive manufacturing that is less in weight. As a result, the utilisation of this method in aeronautical and medical applications is increasing. For aerospace and medical purposes, it is now possible to produce a product employing difficult materials such as titanium. For the intricate geometry of objects produced via additive manufacturing, surface finishing is crucial. Following COVID-19, several metal finishing businesses are considering investing in additive manufacturing due to the industry’s global expansion, particularly in the aerospace and medical sectors.

End Users Are the Growth Engine for the Market for Inorganic Finishing Technologies

The likelihood of greater globalization of markets for metal finishing equipment is the main factor affecting the industry’s future course. The use of metal finishing and coating processes has already set records in the automotive and aerospace industries. In other manufacturing industries, inorganic metal finishing is anticipated to overtake conventional finishing techniques. The metal finishing industry is expanding rapidly as a result of the automotive sector since numerous finishes must be applied to car parts such brake systems, chassis, and power steering components. Worldwide motor vehicle manufacturing has reportedly surpassed 85 million vehicles, according to the OICA, an automotive vehicle database. Similar predictions have been made for the aerospace sector, which is expected to rise by between 10% and 13% in 2022. A320 and 737 production increases as well as the restart of 787 deliveries are projected to be key global market drivers.

Market Dynamics: Challenges

New Regulations or Standards Could be Difficult to Adapt for the Small-Scale Players

To reduce industry energy use and mitigate environmental effects, governments may enact new laws and norms. The main obstacle is getting manufacturers to adopt a set of globally recognized worldwide standards so they can compete in any market without having to produce different designs. Although changing an industry’s norms and standards is challenging, doing so will assist innovative metal finishing techniques gain more acceptance across the globe. Standardization should be centralized, though not necessarily by the government. Intellectual property issues are a part of other legal difficulties relating to the regulation of the metal finishing sector.

Market Segmentation

• Based on Type, the Global Inorganic Metal Finishing market is segmented into
  • Plating and finishing processes
    • Electroplating
      • Chromium plating
      • Brass and bronze plating
      • Nickel/nickel-chromium plating
      • Copper/copper alloy plating
      • Zinc plating/galvanizing
      • Cadmium plating
      • Tin and tin alloy plating
      • Precious metal plating
      • Miscellaneous plating
    • Vapor deposition coating
      • Physical vapor deposition (PVD)
      • Chemical vapor deposition (CVD)
      • Thermo-reactive diffusion (TRD)
    • Electroless plating
      • Copper electroless plating
      • Nickel electroless plating
    • Conversion coating
    • Ceramic coating
    • Metal cladding
    • Thermal spray coating
      • Combustion torch/flame spraying
      • Combustion torch/high-velocity oxy fuel
      • Electric arc spraying
    • Vitreous enamel coating
    • Miscellaneous coatings
  • Consumables and spares
  • Surface pre-treatment
    • Mechanical pre-treatment
    • Chemical pre-treatment
    • Electropolishing
    • Miscellaneous processes
  • Surface preparation/cleaning
    • Aqueous/ultrasonic cleaning
    • Solvent cleaning
    • Electrocleaning
    • Abrasive blasting
    • Miscellaneous processes
  • Based on End User, the Global Inorganic Metal Finishing market is segmented into
    • Automotive
    • Electrical and electronics
    • Aerospace
    • Building and construction
    • Heavy machinery and equipment
    • Others (appliances, jewellery, medical devices, etc.)
  • Based on Geography, the Global Inorganic Metal Finishing market is segmented into
    • Asia-Pacific
    • North America
    • Europe
    • Latin America
    • Middle East & Africa
  • All market revenue has been given in US Dollar.

Historical Year: 2019-2020
Base Year: 2021
Estimated: 2022
Forecast- 2023-2029

Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Inorganic Metal Finishing Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Inorganic Metal Finishing Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Inorganic Metal Finishing Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Inorganic Metal Finishing Market study?