Transparency Market Research has published a new report titled ”Inorganic Metal Finishing (Pretreatment/Surface Preparation, Inorganic Metal Finishing Process and Consumables and Spares) Market for Automotive, Electrical and Electronics, Industrial and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” to its report store.
Albany, NY -- (SBWIRE) -- 08/13/2015 -- Transparency Market Research has released a new market report titled "Inorganic Metal Finishing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020." According to the report, the global inorganic metal finishing market was valued at US$ 54.75 Bn in 2013 and is likely to reach US$ 83.32 Bn by 2020, expanding at a CAGR of 6.2% between 2014 and 2020.
Inorganic metal finishing plays an important role in the production cycle of metals. Inorganic metal finishing processes are used to deposit either a non-metallic or metallic coating on a substrate. Metal finishing enhances the corrosion resistance of the metal substrate; hence, it is extensively used in various industries. Global demand for inorganic metal finishing is primarily driven by growth in automotive and steel industries, and subsequent increase in demand for inorganic metal finished components. These are anticipated to remain the major driving forces for the inorganic metal finishing market in the near future. Stringent regulations regarding the usage of inorganic metal finishing are anticipated to offer key challenges for market participants.
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Electroplating was the predominant segment in the inorganic metal finishing process market, accounting for over 35% of the global demand in 2013. Demand for components manufactured using electroplating is projected to rise significantly in the next few years, due to its increasing usage in several automobile applications across the globe. Inorganic metal finishing processes are extensively used in several industrial as well as electrical and electronics applications due to its several advantages as compared to other finishing processes. Properties such as high corrosion resistance and high durability are anticipated to be the key driving factors for the electroplating metal finishing market in the near future.
Asia Pacific accounted for about 35% of the global inorganic metal finishing market in 2013, followed by North America and Europe. Asia Pacific is estimated to be the fastest growing region in terms of consumption of inorganic metal finishing technologies. This can be ascribed to growth in automotive, steel and electrical and electronics industries in the region. Asia Pacific emerged as a key destination for inorganic metal finishing producers due the recent economic development coupled with increasing disposable income of people in the region. This has encouraged various manufacturers to establish new capacities in Asia Pacific. North America is another major region with strong demand for inorganic metal finishing technology. The market for inorganic metal finishing products in North America is likely to expand at a CAGR of 5.9% in terms of revenue between 2014 and 2020.
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Major participants in the inorganic metal finishing market include Abakan Inc., Metal Finishing Technologies LLC, Sequa Corporation, TIB Chemicals AG, Elementis plc, Rockwood Holdings Inc., Vanchem Performance Chemicals, Atotech Deutschland GmbH, Honeywell International Inc. and Industrial Metal Finishing.
Browse the full Inorganic Metal Finishing (Pretreatment/Surface Preparation, Inorganic Metal Finishing Process and Consumables and Spares) Market for Automotive, Electrical and Electronics, Industrial and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/inorganic-metal-finishing-processes.html
Inorganic Metal Finishing Market – Product Segment Analysis
Inorganic Metal Finishing Processes
Consumables and Spares
Inorganic Metal Finishing Market – Application Analysis
Electrical and Electronics
Others (Including hardware and defense)
Inorganic Metal finishing Market – Regional Analysis
Rest of the World (RoW)
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