Automotive Applications to Become Key Target Segment of Companies in Global Inorganic Metal Finishing Market

Metal finishing refers to a surface process under which another alloy, polymer, or metal is applied over a metallic substrate. It includes various methods which are utilized by numerous metal manufacturing industries and the finishing takes place on a ready metal part. This coating process is of three main types, namely hybrid, organic, and inorganic. Of these, the technology of inorganic metal finishing is employed in a number of industries while the components utilized in inorganic metal finishing are also utilized in broad range of applications worldwide.

Transparency Market Research (TMR), a market intelligence company, throws light on the top application areas of inorganic metal finishing process and the drivers and restraints impacting the development of the market. In addition, the prominent products utilized in the market have been elaborated upon in detail in order to provide an extensive understanding of the overall market.

Q. Which factors are driving and impeding the development of the global inorganic metal finishing market?


The development in steel and automobile industries globally is amongst the prime factors fuelling the growth of the market for inorganic metal finishing. In addition, the increasing industrial activities, particularly in aerospace and heavy industries, are also predicted to provide impetus to the development of the market. However, the increasing regulations posed by numerous regulatory bodies including REACH and EPA may impede the development of this market in forthcoming years. Furthermore, the regulations on chromium emission during various kinds of metal finishing processes will impede the development of this market. Nonetheless, the introduction of new eco-friendly technologies will bring in new opportunities in the market, thus positively impacting its growth.


Q. Which technology has gained a lot of momentum in the market in the past few years and why?


In terms of technology, the global inorganic metal finishing market is segmented into anodizing, conversion coatings, cladding, electroless plating, electroplating, galvanizing, and others including electropolishing, etc. Amongst these, the segment of electroplating held a share of more than 35% in the market by 2013 end. Electroplating is mainly employed for the deposition of metal finishing on automotive components’ substrates. Thus, the growing demand for automotives worldwide will drive the growth of the electroplating segment.

Q. Why the inorganic metal finishing technology is extensively utilized in automotive applications?

Application-wise, the market is categorized into industrial, automotive, electrical and electronics, and others including defense and hardware.  Of these, in 2013, automotive applications represented a share of more than 50% in the market on the basis of revenue.  This is due to the fact that the process of inorganic metal finishing is highly employed in various automobile components owing to its properties of enhancing the substrates’ durability and high corrosion resistance. Automotive applications were trailed by industrial applications, constituting the second position in the inorganic metal finishing market in 2013. On the other hand, electrical and electronics application segment followed industrial applications in the same year.

0 comments:

Post a Comment

Note: only a member of this blog may post a comment.

Latest Post

Market Research Reports