Global metal finishing market expands at 6.50% CAGR

DUE to the increasing demand from end user industries such as Automotive, Electronics, Aerospace the global market for inorganic metal finishing technologies was worth $64.2 billion in 2014 and is expected to reach $95.8 billion with a CAGR of 6.91% by the end of 2020, according to Reportbuyer. 

 

Among the inorganic metal finishing technologies inorganic metal finishing processes have the largest share of market worth $42.1 billion in 2014. Surface preparation/pretreatment has the second largest market share worth$15.4 billion in 2014. Among all the regions Asia Pacific has the highest market share owing to a lot of developing countries in that which leads the growth of automobile, steel industries in that region.

 

There has been a significant consolidation via merger and acquisition of participants at all levels of the value chain. On May 15, 2015 Chemetall which is a global business unit of Albemarle Corporation has announced that it has acquired the Chemal GmbH and Co.KG in Hamm, Germany. The company was founded in 1975 and specializes in research and development of surface finishing chemicals for aluminum and its alloys with emphasis on anodizing and pretreatment technologies. Among the others the Carlyle group has taken over DuPont performance coatings and Superior metal finishing of Portland was bought by Pioneer metal finishing of Green Bay.