Europe Metal Finishing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Metal Finishing Market Analysis
The Europemetal finishing market is estimated to witness a significant growth, at an estimated CAGR of over 6%, over the forecast period. Increasing requirement for durable, wear-resistant, and long-lasting metal products are expected to drive the market during the forecast period.
- Environmental restrictions on some chemicals and increasing replacement of metal by plastics are likely to hinder the market's growth.
- Shift from traditional solvent-borne technologies to newer technologies are likely to create opportunities for the market growth in the coming years.
- Germany is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
Europe Metal Finishing Market Trends
This section covers the major market trends shaping the Europe Metal Finishing Market according to our research experts:
Automotive Segment to Dominate the Market
- Coatings are applied to various automotive components, majorly to provide aesthetics, corrosion resistance, wear resistance, and lubricity and smooth finish. They also increase the life span or durability of the metal component.
- Metal finishing is one of the prominent methods to provide a protective layer on metal automotive components; it involves applying one or more thin coats of a metal, such as gold, copper, silver, chromium or nickel, to a substrate.
- Automobile manufacturers are always in search of better technologies to protect their products from the relentless forces of corrosion. Vehicles are constantly exposed to the moisture from rain and snow, which can cause the premature demise of metal car parts. Metal finishing comprises the application of a metal coating via inorganic metal finishing, such as electroplating. This prevents automobiles from both red and white rust from reaching the underlying metal surface.
- Metal finishing also includes the application of paints or ceramics. Numerous small and large parts of the automobile require their contact surfaces to be smooth, stress relieved, and without burrs or defects. This enables the automotive engines to achieve a surface with less friction and heat, leading to generation of more horsepower and an overall better performance.
- The market, however, has potential for growth in the long term with the emergence of more technologically developed cars. If such a thing happens, the market for metal finishing will benefit from it.
Germany to Dominate the Market
- Germany leads Europe's automotive market with 41 assembly and engine production plants that contribute to one third of the total automobile production in Europe. Germany, being one of the leading manufacturing bases for the aircraft industry, is the home to manufacturers from different segments, such as equipment manufacturers, material and component suppliers, engine producers, and whole system integrators.
- The German aerospace industry comprises more than 2,300 firms located all around the country, with northern Germany being the area with a higher concentration of firms.
- Germany, being one of the leading manufacturing bases for the aircraft industry, is home to manufacturers from different segments, such as equipment manufacturers, material and component suppliers, engine producers, and whole system integrators.
- The country hosts a large number of production bases for aircraft interior components, MRO (maintenance, repair, and overhaul), and lightweight construction and materials, largely in Bavaria, Bremen, Baden-Württemberg, and Mecklenburg-Vorpommern.
- It has been estimated that over 30 to 35 thousand new aircraft will be operational by the next 20 years, in order to meet the rising aviation demand. Thus, with the increase in production of aircraft, the consumption of metal finishing will increase during the forecast period.
- With the rising demand coming from major end-user industries, the market for metal finishing is projected to grow during the forecast period.
Europe Metal Finishing Industry Overview
The Europe metal finishing market is fragmented as the top five players in the market contributed less share. Key players in the market include Honeywell International Inc., Linde plc, OC Oerlikon Management AG, TIB Chemicals AG, and POSCO, among others.
Europe Metal Finishing Market Leaders
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Honeywell International Inc.
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Linde plc
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OC Oerlikon Management AG
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TIB Chemicals AG
*Disclaimer: Major Players sorted in no particular order
Europe Metal Finishing Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Requirement for Durable, Wear-resistant, and Long-lasting Metal Products
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Environmental Restrictions on Some Chemicals
- 4.2.2 Increasing Replacement of Metal by Plastics
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Inorganic Metal Finishing
- 5.1.1.1 Cladding
- 5.1.1.2 Pretreatment/Surface Preparation
- 5.1.1.3 Consumables and Spares
- 5.1.1.4 Electroplating
- 5.1.1.5 Galvanization
- 5.1.1.6 Electro Less Plating
- 5.1.1.7 Conversion Coatings
- 5.1.1.8 Anodizing
- 5.1.1.9 Electro Polishing
- 5.1.2 Organic Metal Finishing
- 5.1.3 Hybrid Metal Finishing
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5.2 Application
- 5.2.1 Automotive
- 5.2.2 Appliances
- 5.2.3 Hardware
- 5.2.4 Jewelry
- 5.2.5 Aerospace
- 5.2.6 Heavy Equipment
- 5.2.7 Medical Devices
- 5.2.8 Electronics
- 5.2.9 Construction
- 5.2.10 Other Applications
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5.3 Geography
- 5.3.1 Germany
- 5.3.2 United Kingdom
- 5.3.3 Italy
- 5.3.4 France
- 5.3.5 Spain
- 5.3.6 Russia
- 5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 ANOCHROME GROUP
- 6.4.2 Atotech
- 6.4.3 Caswell Inc
- 6.4.4 ELEMENTIS PLC
- 6.4.5 Honeywell International Inc.
- 6.4.6 Linde plc
- 6.4.7 OC Oerlikon Management AG
- 6.4.8 Plating Equipment Limited
- 6.4.9 POSCO
- 6.4.10 Sifco Metal Industries
- 6.4.11 Technic Inc.
- 6.4.12 TIB Chemicals AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Shift from Traditional Solvent-borne Technologies to Newer Technologies
- 7.2 Growth of Electroless Plating
Europe Metal Finishing Industry Segmentation
The Europe metal finishing market report includes:
| Type | Inorganic Metal Finishing | Cladding |
| Pretreatment/Surface Preparation | ||
| Consumables and Spares | ||
| Electroplating | ||
| Galvanization | ||
| Electro Less Plating | ||
| Conversion Coatings | ||
| Anodizing | ||
| Electro Polishing | ||
| Type | Organic Metal Finishing | |
| Hybrid Metal Finishing | ||
| Application | Automotive | |
| Appliances | ||
| Hardware | ||
| Jewelry | ||
| Aerospace | ||
| Heavy Equipment | ||
| Medical Devices | ||
| Electronics | ||
| Construction | ||
| Other Applications | ||
| Geography | Germany | |
| United Kingdom | ||
| Italy | ||
| France | ||
| Spain | ||
| Russia | ||
| Rest of Europe |
Europe Metal Finishing Market Research FAQs
What is the current Europe Metal Finishing Market size?
The Europe Metal Finishing Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Europe Metal Finishing Market?
Honeywell International Inc., Linde plc, OC Oerlikon Management AG and TIB Chemicals AG are the major companies operating in the Europe Metal Finishing Market.
What years does this Europe Metal Finishing Market cover?
The report covers the Europe Metal Finishing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Metal Finishing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Metal Finishing Industry Report
Statistics for the 2024 Europe Metal Finishing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Metal Finishing analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
