Summary
The global Composite Metal Finishing Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Composite metal finishing is a process, which uses various metallic alloys to give the final products a wide range of decorative finishes. The main goal of this process is to enhance the appearance of the finished object and to make it more resistant to corrosion or other damage that could spoil the look of the metal. When the components are made from a combination of several metals, different properties are introduced which give the final product characteristics, which are desirable for aesthetic or protective purposes.
Market Dynamics
Increasing demand for corrosion-protected metal fasteners and hardware is expected to propel growth of the composite metal finishing market over the forecast period. For instance, in February 2021, Greenkote added coating equipment to significantly expand production capacity at its headquarters in Ohio, U.S. Moreover, significant growth in the electrical and electronics sector is also expected to aid in growth of the market. For instance, according to India Brand Equity Foundation, the electronics market in India is expected to witness a CAGR of 24.4% during 2012–20. Moreover, launch of fiber/bio-thermoplastic composites is also expected to aid in growth of the market. For instance, in January 2021, Lingrove launched Ekoa Surface Peel N’Stick, a natural fiber/bio-thermoplastic composite.
Among applications, the automotive segment is expected to witness decline, owing to decrease in sales of automobiles. For instance, according to the Society of Motor Manufacturers and Traders, the new car registrations in the U.K. decreased by 44% in March 2020 compared that in March 2019. The aerospace sector is also expected to witness decline, owing to decrease in air traffic. For instance, according to Airports Council International, the global air passenger numbers are expected to decrease by 5.6 billion during 2020, along with a US$ 104.5 billion reduction in revenue.
Key Takeaways
- Increasing demand for corrosion-protected metal fasteners and hardware is expected to propel growth of the composite metal finishing market over the forecast period
- Major players operating in the composite metal finishing market are focused on adopting various marketing strategies to enhance their market share. For instance, in 2019, Atotech announced to present at the 2019 International Electronics Circuit Exhibition in Shenzhen, China.
- Major players operating in the composite metal finishing market include, Abakan, Atotech, Bales, Sequa Corporation, TIB Chemicals, Lingrove, Elementis, Lovitt Technologies, Classic Plating, Coventya International, DuPont, Greenkote, Endura Coatings, Honeywell International, Incertec, KC Jones Plating, MacDermid, Pioneer Metal Finishing, Surface Technology, and Uyemura International
The Composite Metal Finishing Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Composite Metal Finishing Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Abakan
- Atotech
- Bales
- Sequa Corporation
- TIB Chemicals
- Elementis
- Lovitt Technologies
- Classic Plating
- Coventya International
- DuPont
- Endura Coatings
- Honeywell International
- Incertec
- KC Jones Plating
- MacDermid
- Pioneer Metal Finishing
- Surface Technology
- Uyemura International
By the Product Type, the market is primarily segmented into:
- Organic Finishing
- Inorganic Finishing
- Hybrid Finishing
By Applications, the market is segmented into:
- Appliances
- Automotive
- Jewelry
- Heavy Equipment
- Aerospace
- Other
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Composite Metal Finishing Market Report:
- To assess the size of the market by value and volume
- Analyze the Composite Metal Finishing Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Composite Metal Finishing Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Composite Metal Finishing Market
The Composite Metal Finishing Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Composite Metal Finishing Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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