BANGALORE, November 18, 2015 /PRNewswire/ --
Mordor Intelligence announces the publication of their report on the Global Metal Finishing Market on November 18, 2015.
The global market for metal finishing was valued at $69.83 billion in 2014, and is expected to reach $101.89 billion by 2020, growing at a CAGR of 6.5%. This market demand was mainly fuelled by Growth of Automotive and Steel industries.
The establishment of automotive, electronics and aerospace industries in and around Asia-Pacific has fuelled the growth of the metal finishing market. A high demand for metal finishing rose due to the constant need of durable metals in metal industry which lasts long without corrosion, wear & tear and serves the aesthetic purpose.
The constant push from regulatory authorities such as EPA (Environmental Protection Agency) and REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) will lessen the use of metal finishing products in order to reduce the impact on the environment as Volatile Organic Compounds (VOC) used in solvents are carcinogenic. Also chemical elements such as chromium, cyanide, cadmium and chlorinated solvents are toxic to health; these elements are disposed in nearby lakes, oceans and water bodies thereby contaminating the environment.
Get the Full Report Here: Global Metal Finishing Market
Most important areas of interest and high potential include China and South America in particular. Within South America, Brazil is the main area of interest at present and, in particular.
Metal finishing market is segmented based by type which include inorganic metal finishing market which is sub classified into Inorganic metal finishing market; Pre-treatment/Surface preparation; Consumables & Spares; Electroplating; Galvanizing; Electro-less plating; Conversion coatings; Anodizing and Cladding Electro polishing. Organic finishing market and Hybrid finishing market are the remaining two classifications which come under the type of metal finishing market. The market is also segmented by application which include appliances, automotive, hardware, jewellery, aerospace, heavy equipment, tires, electronics, telecommunication and others.
Some of the key players in the Metal finishing market include Abakan Inc., Metal Finishing Technologies LLC, Sequa Corporation, TIB Chemicals AG, Elementis PLC, Rockwood holdings Inc., Vanchem Performance Chemicals, Atotech Deutschland GmbH, Honeywell International Inc., Industrial Metal Finishing, Joshi Metal finishing industry, JMD industry, Delstar Metal Finishing Inc., Sifco Metal Industries, Mass finishing Inc., Plating Equipment ltd, Dalmar Plating and Electroforming, Servi-Sure Corp, L.S industries, Technic, Inc.
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SOURCE Mordor Intelligence LLP