GIA Releases a Global Strategic Report on the Growth in the Metal Finishing Industry
- Jul 5, 2012
Metal finishing industry uses a wide range of chemicals and processes to etch, clean and plate both metallic and non-metallic surfaces to improve their appearance and surface characteristics. Through the process of metal finishing, the metal products can increase resistance to wear, resistance to corrosion, resistance to tarnish and resistance to chemicals. The industry is marked by dominance of small specialty job shops that focus primarily on major industries, including the aerospace, transportation, agriculture, defense, and electronics among others. Since the processes used in metal finishing operations are highly chemical intensive, the industry continues to receive piercing demand from common public and environmentalists to cease the use of harmful chemicals. The pressure on metal surface finish sector is especially higher in developed countries such as the US. However, the scenario is not likely to dent the sector's prospects in developing markets such as India, at least in the near future. However, there is a growing pressure on metal surface finish companies in developing nations as well to adopt eco-friendly concepts to ensure sustainability in the long-run.
As stated by the new market research report on Metal Finishing Chemicals, Europe and the United States represent the largest markets worldwide. Asia-Pacific represents the fastest growing regional market with China reporting significant growth over the past decade owing to noticeable economic development. Production and demand for metal finishing chemicals in the region is poised to grow for the next few years driven by favorable economic trends, positive supply and demand scenario, encouraging investment environment, and growth in marketing channels.
Plating chemicals constitutes the leading market segment. Galvanization and electroless plating technologies are expected to displace other processes such as chromium and cadmium electroplating. In the end-use markets for metal finishing chemicals, growth prospects are expected to be bright in major markets including electronics and electrical, motor vehicle equipment and aerospace. Aerospace represents the fastest growing end use segment for the global metal finishing chemicals market. Rapid advancements in engineering and technology areas are leading to increased demand for metal surface finish chemicals as well as technologies. The engineering and engineered products usually require ideal metal finishing for improving hardness, reflectivity, and resistance to corrosion. The latest trends highlight the need for metal finishing in creating visual appeal to the product. New chrome free primers, electronic beam and ultra violet coding systems are increasingly being used to cure coatings with less energy consumption and zero percent VOC emissions at a high speed.
Major players in the marketplace include Advanced Chemical Company, Atotech Deutschland GmbH, C. Uyemura & Co. Ltd., Coral Chemical Co., Elementis Chromium LP, Enthone Inc., Houghton International Inc., Lonza Group, MacDermid Inc., NOF Metal Coatings North America, Quaker Chemical Corp., among others.
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