The global metal finishing equipment market is growing, due to increasing need for wear resistant, durable and long lasting metal products, up surging demand from developing countries, and growth of automotive and steel industries. The growth of environment friendly electro less plating and consumers’ shift from traditional solvent borne technologies to newer technologies, are providing ample opportunities for the growth of the global metal finishing equipment market in the coming years. Asia-Pacific dominates the global metal finishing equipment market, due to growing steel and automobile industries in the developing countries of the region.
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Some of the factors restraining the growth of the global metal finishing equipment market are economic cycles, and avoiding use of metal finishing equipment by environmental and chemical agencies. The regulatory authorities, such as United States Environmental Protection Agency (USEPA), and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), have restricted the use of metal finishing products in the U.S. and European Union respectively. This restriction has been imposed due to the presence of volatile organic compounds in the solvent, which negatively impacts the environment. Additionally, chemical elements such as cadmium, chromium, chlorinated solvents, and cyanide are harmful for consumer’s health. They also contaminate the environment, upon getting dumped in the oceans, lakes, and other water bodies.
Finishing is an operation, which is used to alter the surface of a work-piece for sustaining and enhancing several properties in it. Finishing is applied to improve hardness, tarnish resistance, corrosion resistance, and wear resistance from the equipment. Metal finishing is a process applied on the surface of a metal, by using a thin layer of other metal, polymer film, or alloy. The metal finishing process includes actual coating, surface preparation, and surface pretreatment. Due to the wear and corrosion, the lifespan of metal reduces. Metal finishing technology is applied to improve the lifespan of metals. It also improves electrical, bonding, and aesthetic properties.
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On the basis of type, the global metal finishing equipment market can be categorized as hybrid metal finishing, inorganic metal finishing, and organic metal finishing. The inorganic metal finishing is further segmented as galvanizing, consumables and spares, anodizing, electro polishing, conversion coatings, electroplating, inorganic metal finishing process, electro less plating, cladding, and pretreatment or surface preparation. The inorganic metal finishing process segment leads the global inorganic metal finishing market, followed by pretreatment or surface preparation. The global metal finishing equipment market can also be categorized on the basis of application as telecommunication, aerospace, hardware, tires, heavy equipment, jewelry, appliances, automotive and electronics.
Some of the competitors in the global metal finishing equipment market are Atotech Deutschland GmbH, Sequa Corporation, Plating Equipment Ltd., Metal Finishing Technologies LLC, Delstar Metal Finishing Inc., TIB Chemicals AG, Honeywell International Inc., Vanchem Performance Chemicals, Industrial Metal Finishing Company, and Mass Finishing Incorporated.
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