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Global Composite Metal Finishing Market Size to Reach USD $4.5 billion, Globally, By 2030 at CAGR of 7.2%- IndustryARC

May 20, 2024 7:00 PM ET

Global Composite Metal Finishing Market Size to Reach USD $4.5 billion, Globally, By 2030 at CAGR of 7.2%- IndustryARC

Providing new coatings for automotive is by far the biggest industry for metal finishing. Automotive coatings revenue, including paint and base coat, is expected to increase the demand of composite metal finishing Market

Global Composite Metal Finishing market size is forecast to reach $4.5 billion by 2030, after growing at a CAGR of 7.2% during 2024-2030. The global composite metal finishing market is a dynamic sector that plays a crucial role in various industries such as automotive, aerospace, electronics, and construction. Composite metal finishing involves the application of surface treatments to metal components to enhance their performance, durability, and aesthetic appeal. These surface treatments can include processes like anodizing, electroplating, galvanizing, and powder coating, among others.One of the key drivers for the growth of the composite metal finishing market is the increasing demand for corrosion-resistant and durable metal products across industries. As industries strive for enhanced efficiency and longevity of their equipment and components, composite metal finishing becomes essential to protect against corrosion, wear and tear, and environmental damage.Moreover, the automotive and aerospace industries, in particular, are witnessing significant growth, driving the demand for lightweight and high-performance metal components. Composite metal finishing techniques are integral in achieving the desired properties such as improved strength-to-weight ratios, thermal resistance, and electrical conductivity in these components.Furthermore, advancements in technology and materials are leading to the development of innovative composite metal finishing solutions that offer superior performance while meeting stringent environmental regulations. Eco-friendly processes, such as water-based coatings and chromium-free surface treatments, are gaining traction in the market.

Global Composite Metal Finishing Market Current and Future Trends:

Shift towards Eco-friendly Processes: With increasing environmental concerns and stringent regulations, there’s a noticeable shift towards eco-friendly metal finishing processes. Companies are adopting greener technologies and sustainable practices to reduce their environmental footprint.

Advancements in Nano-coating Technologies: Nano-coating technologies are gaining traction in the metal finishing industry due to their ability to provide superior corrosion resistance, improved hardness, and enhanced surface properties. The development of innovative nano-materials is expected to drive market growth in the coming years.

Rise in Demand for Aerospace and Defense Applications: The aerospace and defense sector is a significant consumer of composite metal finishing services, driven by the need for lightweight materials with high strength and corrosion resistance. As global defense spending continues to rise and the aerospace industry expands, the demand for advanced metal finishing solutions is expected to grow.

Growing Adoption of Electroless Plating: Electroless plating techniques are becoming increasingly popular in the metal finishing market due to their ability to deposit uniform coatings on complex geometries without the need for electrical current. This process offers advantages such as improved adhesion, uniformity, and corrosion resistance, driving its adoption across various industries.

Increasing Application in Automotive Sector: The automotive industry is another major consumer of composite metal finishing solutions, particularly for components requiring corrosion protection, wear resistance, and aesthetic appeal. With the growing demand for electric vehicles (EVs) and lightweight materials, the automotive sector presents significant opportunities for market players.

Emphasis on Surface Engineering for Performance Enhancement: Surface engineering techniques, such as shot peening, laser surface treatment, and thermal spraying, are being increasingly utilized to enhance the performance and durability of metal components. These techniques improve wear resistance, fatigue strength, and surface hardness, catering to the requirements of diverse industries including automotive, aerospace, and electronics.

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Global composite Metal Finishing Market Report – Scope:

The Global composite Metal Finishing Market has been segmented By Process, Filler Used, Industryand geography. The report provides insights into the market dynamics, including market drivers and challenges.

Global composite Metal Finishing Marketwith top country data and analysis. The report also highlights the market potential, growth rates, and alternative relevant statistics.

The competitive landscape section features company profiles of major players such as Abakan, Classic Plating, and Veritas Capital (Sequa Corporation). This report is a valuable source of guidance and direction for companies and individuals interested in the Global composite Metal Finishing Market.

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The top 10 players in the Global composite Metal Finishing industry are:

  1. Abakan
  2. Classic Plating
  3. Veritas Capital (Sequa Corporation)
  4. Atotech
  5. Lovitt Technologies
  6. Bales Metal Surface Solutions
  7. DuPont
  8. Elementis
  9. TIB Chemicals
  10. KC Jones Plating

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