PUBLISHER: Market Research Future | PRODUCT CODE: 1351183
PUBLISHER: Market Research Future | PRODUCT CODE: 1351183
The demand for metal finishing in numerous end-use sectors, including automotive, aerospace, medical, and industrial equipment, is the main factor driving the market. In the upcoming years, the market is anticipated to expand at a moderate rate, helped by the rising demand for lightweight and high-performance materials.
Numerous well-established businesses are vying for market share in this fiercely competitive sector. There are many small and medium-sized businesses vying with established big players in this fragmented market. However, the industry faces several difficulties, including the COVID-19 pandemic's effects, rigorous environmental restrictions, and growing raw material costs. Nonetheless, the sector has chances to make use of its advantages, such as knowledge, originality, and distinction, to lessen these difficulties and boost its competitiveness.
The US metal plating & finishing market was valued at USD 9,583.27 million in 2021 and is expected to reach USD 15,102.19 million by 2030, registering a CAGR of 5.25% over the forecast duration 2022-2030.
Based on the drive type, the market has been segmented into Zinc, Nickel, Gold, Bronze, Tin, and Others. Of them, the nickel segment was the largest segment of the market accounting for 39.90% of the US market in 2021.
Based on process, the metal plating & finishing market has been segmented into electroplating, anodizing, electroless nickel, phosphating, and others (vapor deposition, chemical passivation, and electropolishing). The electroplating segment held the largest market share (57.57%) in 2021 and the segment is expected to continue its dominance over the forecast duration.
Based on application, the metal plating & finishing market has segmented into automotive components, machine components, aircraft components, medical components, and others.
The key market players include DuPont, Lincoln Industries, Pioneer Metal Finishing, Anoplate Corporation, Arlington Plating Company, Atotech, Element Solutions Inc, CECO Environmental, Incertec, Valence Garden Grove.
TABLE OF CONTENTS
FINISHING MARKET 42