Metal Finishing Market - Growth, Trends, and Forecast (2019 - 2024)

The Metal Finishing Market is segmented by 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), and Geography.

Market Snapshot

Metal Finishing Market - Market Summary
Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The metal finishing market is expected to register a CAGR of around 5.4% during the forecast period, 2019 – 2024. The major factors driving the growth of the market are the growing need for durable, wear-resistant, and long-lasting metal products and increasing automotive production. On the flipside, environmental restrictions on chemicals used in the production of metal finishes and increasing replacement of metal by plastics are likely to hinder the growth of the market.

  • By type, the inorganic metal finishing segment dominated the market in 2018, and it is expected to grow during the forecast period. Among various inorganic metal finishing types, electroplating is expected to witness the highest growth during the forecast period.
  • The shift from traditional solvent-borne technologies to newer technologies is likely to provide opportunities for the market, during the forecast period.
  • Asia-Pacific dominated the global market, with robust demand from end-user industries, such as automotive, construction, electronics, and hardware.

Scope of the Report

The metal finishing market report includes:

Inorganic Metal Finishing
Pretreatment/Surface Preparation
Consumables and Spares
Electroless Plating
Conversion Coatings
Electro Polishing
Organic Metal Finishing
Hybrid Metal Finishing
Heavy Equipment
Medical Devices
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Automotive Segment to Dominate the Market

  • Among applications, the automotive industry dominated the demand for metal finishes. Metal finishing is one of the prominent methods used to provide a protective layer on the metal components of vehicles.
  • Metal finishing is used in various vehicle parts, such as engines, other under-the-hood components, power steering systems, brake parts and systems, air conditioning components and systems, chassis hardware, climate control components, and fuel systems.
  • Though the automotive production witnessed a decline by 1.1% in 2018, factors, such as rising investments into the sector to increase production, continuous efforts of the automakers to develop and launch new cars, and efforts of the industry toward the development and promotion of electric vehicles are likely to drive the growth of the automotive industry.
  • Asia-Pacific is already witnessing numerous investments by global automakers, like BMW, Hyundai Motors, and Honda, in order to increase their production and cater to the increasing demand of the masses in the region.
  • Therefore, as the growth of the automotive industry is directly proportionate to the growth of the metal finishing market, such market trends of and investments in the automotive industry are likely to increase the demand for the metal finishing market in the coming years.
Metal Finishing Market - Segmentation Trends

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Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the market in 2018. The increasing investments and production in the automotive industry, rising electrical and electronics production, and surging demand for heavy equipment, with multinational companies investing in the industrial sector, are some of the major factors driving the demand for metal finishing in the region.
  • China is the world’s largest automotive producer. However, in 2018, the country witnessed a decline of about 4.16% in automotive production. Additionally, automotive sales declined by about 6% to 22.7 million units in 2018. The performance of the automotive industry was affected by the economic shifts and China's trade war with the United States.
  • However, China is majorly focusing on increasing the production and sales of electric vehicles in the country. Additionally, the country has planned to increase the production of electric vehicles (EVs) to 2 million per year by 2020, and 7 million per year by 2025. The target, if achieved, may increase the share of electric vehicles to 20% of total new car production in China by 2025.
  • In addition, China has the world’s largest electronics production base. Electronic products, such as smartphones, OLED TVs, tablets, wires, cables, earphones, etc., have the highest growth in the electronics segment. With an increase in the disposable income of the middle-class population in the country, and rise in demand for electronic products, globally, the production of electronics has been increasing.
  • Meanwhile, India is witnessing investments in the automotive industry, which is further expected to increase the automotive production in the country. For instance, in 2018, Hyundai planned an investment of USD 1 billion in India by 2020. SAIC Motor also announced to invest USD 500 million in India by 2020. The company has appealed the Government of India to provide incentive-driven policies for electric vehicles, as it plans to invest in developing electric vehicles in the country.
  • Hence, all such favorable trends and investments in the region are expected to drive the demand for metal finishing market during the forecast period.
Metal Finishing Market - Regional Trends

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Competitive Landscape

The metal finishing market is fragmented, where numerous players hold insignificant shares of the market, thus, affecting the market dynamics individually. Some of the major players in the market include TIB Chemicals, Atotech Deutschland GmbH, Almco, Giant Finishing, Inc., and Okuno-Auromex (Thailand) Co. Ltd, among others.

Major Players

  1. TIB Chemicals
  2. Atotech Deutschland GmbH
  3. Almco
  4. Giant Finishing Inc.
  5. Okuno-Auromex (Thailand) Co. Ltd

* Complete list of players covered available in the table of contents below

Metal Finishing Market - Market Concentration

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Automotive Production

      2. 4.1.2 Growing Need for Durable, Wear-resistant, and Long-lasting Metal Products

    2. 4.2 Restraints

      1. 4.2.1 Increasing Replacement of Metals by Plastics

      2. 4.2.2 Environmental Restrictions on Chemicals Used in Metal Finishes

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Inorganic Metal Finishing

        1. Cladding

        2. Pretreatment/Surface Preparation

        3. Consumables and Spares

        4. Electroplating

        5. Galvanization

        6. Electroless Plating

        7. Conversion Coatings

        8. Anodizing

        9. Electro Polishing

      2. 5.1.2 Organic Metal Finishing

      3. 5.1.3 Hybrid Metal Finishing

    2. 5.2 Application

      1. 5.2.1 Automotive

      2. 5.2.2 Appliances

      3. 5.2.3 Hardware

      4. 5.2.4 Jewelry

      5. 5.2.5 Aerospace

      6. 5.2.6 Heavy Equipment

      7. 5.2.7 Medical Devices

      8. 5.2.8 Electronics

      9. 5.2.9 Construction

      10. 5.2.10 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Almco

      2. 6.4.2 A.E. Aubin Company

      3. 6.4.3 C. Uyemura & Co. Ltd

      4. 6.4.4 TIB Chemicals AG

      5. 6.4.5 OTEC Precision Finish Inc.

      6. 6.4.6 Giant Finishing Inc.

      7. 6.4.7 Mass Finishing Inc.

      8. 6.4.8 Atotech Deutschland GmbH

      9. 6.4.9 Okuno-Auromex (Thailand) Co. Ltd

      10. 6.4.10 Oerlikon Surface Solutions

      11. 6.4.11 Grind Master

      12. 6.4.12 Luster-on Products Inc.

      13. 6.4.13 Hardwood Line Manufacturing Co.

      14. 6.4.14 Posco

    5. *List Not Exhaustive

    1. 7.1 Shift from Traditional Solvent-borne Technologies to Newer Technologies

**Subject to Availability

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