Press release -
Inorganic metal finishing processes market to increase at a CAGR of 6.8%
The inorganic metal finishing processes market has been forecast to increase at a compound annual growth rate (CAGR) of 6.8% over the next five years, increasing from a projected value of $60.4 billion in 2013, to hit a market value of $84 billion in 2018.
Metal finishing can be defined as the deposition of a coating, which may be metallic or non-metallic on to a metallic substrate. Metal finishing constitutes various methods used by most industries that manufacture metal parts and manufacturers execute the finishing after a metal part has been formed.
Metal finishing includes a number of operations, including surface preparation, surface pretreatment and then the actual coating process. The coating process may be organic, inorganic or hybrid. In this report, the emphasis will be on inorganic metal coating technologies, relevant processes and products and their respective global as well as regional markets.
Inorganic metal finishing processes occupy a major portion of the global market with the market expected to reach $39.5 billion in 2013 and is expected to rise to nearly $53.1 billion by 2018, at a CAGR of 6.1%.
The market for surface preparation/pretreatment will increase from nearly $13.9 billion in 2013 to nearly $20 billion in 2018, recording a CAGR of 7.6% over the five-year period, from 2013 to 2018.
Customers are driving the increased demand for such new technologies with huge expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality, and environmental properties. All of the above expectations require special attention from manufacturers in order to ensure that products meet expected standards and the market remains buoyant.
For more information on the inorganic metal finishing processes market, see the latest research: Inorganic Metal Finishing Processes Market
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