Global Metal Finishing Equipment Market
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Global Metal Finishing Equipment Market, Type (Inorganic Metal Finishing, Organic Metal Finishing, and Hybrid Metal Finishing), Application (Automotive, Appliances, Hardware, Jewelry, Aerospace, Heavy Equipment, Medical Devices, Electronics, Construction, and Other Applications),By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026
- Published Date: May 2020
- Report ID: BWC2069
- Available Format: PDF
- Page: 0
Report Overview
Global Metal Finishing
Equipment Market – Market Forecast & Trends
The reasons motivating the development of
the market considered are growing requests for long-lasting, wear-resistant
metal products, and increasing requests for electric vehicles in the
Asia-Pacific region. On the flip side, environmental limits on some metal
finishing chemicals and replacement of metal by high-performance plastics are
somehow going to hamper the market growth. The shift from old-style
solvent-borne technologies to newer technologies is likely to deliver chances
for the market during the estimated period.
Due to the environment-responsiveness of
the metal finishing procedure dropping operational costs due to current
progressions in metal finishing technologies, the market is predicted to
witness significant growth in the prediction time. Some of these technologies
are hot-dip galvanization and laser covering technique, which provide metal
constituents with resistance against tarnish, wear and tear, and corrosion. The
placement of these technologies in the growing manufacturing sectors in several
developing countries, such as India and China, is predictable to add to the
development of the market.
Global Metal Finishing
Equipment Market – Overview
Metal
finishing equipment is used for transport out metal concluding tasks for
different metal components. Under the final metal process, a metal coating is
done over a metallic part/substrate, and it also involves polishing and
cleaning of the surface. The metal finishing process helps in improving
arrival, conflict to corrosion, wear resistance, and hardness, tarnish
resistance, chemical resistance and altering the conductivity of the substrate
The
increasing ecological and health worries related to metal finishing hamper the
development of the metal finishing equipment market to some extent. Since the metal
finishing process involves the widespread practice of toxic chemicals, which
are dangerous to humans and to the ecology. Numerous countries across the world
are limiting the use of such chemicals across various industries, which in
turn, may serve as a limit for the market.
Growth Drivers
Recent growth in the aerospace industry
The current growth in the aerospace
industry is also motivating the metal finishing equipment market. The aerospace
industry mainly concentrated on the growth of aircraft and spacecraft and their
supplementary systems. The industry is capital-intensive and is categorized by
the use of highly classy and progressive technologies. The manufacture of an
airplane and its constituents is based on several severe parameters, among
which quality is of utmost importance. Thus, high acceptance of the metal
finishing process in aircraft manufacturing is predictable to effort the market
during the prediction period.
Increasing demand for electric vehicles in the Asia-Pacific
region
The change from old-style solvent-borne technologies to newer
technologies is likely to deliver chances for the market during the prediction
period. Asia-Pacific conquered the worldwide market with a healthy request from
end-user industries, such as electronics, automotive, construction, and
hardware. The growing savings and production in the automotive sector, rising
electrical and electronics manufacturing, and rushing demand for heavy
equipment, with multinational companies capitalizing in the industrial area,
are some of the main issues motivating the request for metal concluding in the
region.
Global Metal Finishing Equipment Market: Segmentation
The
metal finishing equipment market is categorized into inorganic, organic, and
hybrid metal finishing based on Type. Amid these, inorganic metal finishing
equipment kind accounted for the primary market share in the market, due to its
great practice in automotive and aerospace components. Aerospace plating is
extensively approved over different aircraft components that ensure the defense
of critical aerospace constituents.
Amongst
applications, the automotive industry conquered the request for metal finishes.
Metal finishing is one of the projecting methods used to offer a defensive
layer on the metal constituents of vehicles. In addition, automotive
industrialists are using metal finishing process to defend the vehicle
constituents from corrosion, and wear and tear produced due to climatic
circumstances and regular usage of vehicles.
Geographically,
the Global Metal Finishing Market is divided into North America, Europe,
Asia-Pacific, and LAMEA regions. Asia-Pacific dominated the global market, with
healthy request from end-user industries, such as electronics, and hardware, automotive,
construction.
Global Metal Finishing
Equipment Market: Regional insights
The
Asia-Pacific region conquered the market. The growing savings and making in the
automotive industry, increasing electrical and electronics production, and
pouring requests for heavy equipment, with multinational companies capitalizing
in the industrial sector, are some of the main factors driving the demand for
metal concluding in the region.
China
is the main producer of automobiles in the world. The automotive sector in
China has been shaping up for product development, with the country concentrating
on manufacturing products, to safeguard fuel economy and diminish emissions, due
to the swelling environmental concerns due to increasing pollution in the
country.
However,
the market observed a shrink in 2018, as the production decreased by 4.2%. It
was also the first time that the market observed a drib in sales, after nearly
20 years of development.
Competitive
Landscape
OC Oerlikon Management AG,
Linde (Praxair Inc.), C.Uyemura & CO.,LTD., Sequa (The Carlyle Group), and
Honeywell International Inc, among others.
Recent Development
In 2018, more than 55.0% market share was held by APAC by generating the largest demand for metal finishing equipment.
·
By Type
Ø
Inorganic Metal Finishing
ü
Cladding
ü
Pretreatment/Surface
Preparation
ü
Consumables
and Spares
ü
Electroplating
ü
Galvanization
ü
Electro
Less Plating
ü
Conversion
Coatings
ü
Thermal
Spray Powder Coating
ü
Anodizing
ü
Electro
Polishing
Ø
Organic Metal Finishing
Ø
Hybrid Metal Finishing
·
Application
Ø Automotive
Ø Appliances
Ø Hardware
Ø Jewellery
Ø Aerospace
Ø Heavy Equipment
Ø Medical Devices
Ø Electronics
Ø Construction
Ø Other Applications
·
By
Region
Ø North
America
Ø Europe
Ø Asia
Pacific
Ø South
America
Ø Middle
East & Africa
The objective of the Study:
Ø To
analyze and forecast the Global Metal Finishing Equipment Market size of the
market in terms of value.
Ø To
examine the careful market segmentation and forecast the market size, in terms
of value, based on the region by segmenting.
Ø The
Global Metal Finishing Equipment Market segmented into five regions, namely,
North America, Europe, Asia Pacific, Middle East, South America, and their
leading countries.
Ø To
outline, categorized, and forecast the Global Metal Finishing Equipment Market based
on the Type, By Application and Regional.
Ø To
examine competitive developments like by Type, By Application and Regional
within the Global Metal Finishing Equipment Market.
Ø To
highlight the impact analysis of the factors affecting the market dynamics such
as growth drivers.
Ø To
strategically profile the key players and comprehensively analyze their market
shares along with detailing the competitive landscape for market leaders.
Business Questions Answer by the Report
Ø How will the
market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the
market size in terms of value and volume and market statistics with a detailed
classification?
Ø Which segment
dominates the market or region, and one will be the fastest - growing, and why?
Ø A comprehensive
survey of the competitive landscape and the market participant players
Ø Analysis of
strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client
satisfaction is our first and last priority, and that is why BlueWeave
Consulting offers customization according to Company’s specific needs. The
following customization options are available for the report:
Additional Company Information
Ø With five
additional company detail analysis
Ø Additional
country analysis
Ø Detailed segment
analysis
Market Segmentation
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