Europe Metal Plating and Finishing Market Size was valued at USD 0.5 Billion in 2022. The metal plating and finishing industry is projected to grow from USD 0.54 Billion in 2023 to USD 0.789 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.80% during the forecast period (2023 - 2032). The market is growing due to various market drivers such the growing need for metal products that are long-lasting, wear-resistant, and durable. Additionally, throughout the projection period, there will probably be market opportunities due to the transition from older, solvent-borne technologies to more modern ones.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The amount of electronic components found in various pieces of equipment has expanded recently, and people are using safety management systems more frequently. Metal plating and finishing are being used by customers and end users more frequently for the production of different components in the finished goods of sectors like aerospace and automotive, where safety is prioritized and extensively used over a variety of safety components that guarantee protection during critical periods. Improvements in the substrate's resistance to erosion, stains, chemicals, wear, and changes in conductivity are among the extra advantages of the metal finishing process that are expected to fuel the growth of the metal plating and finishing industry.
The growing automotive industry is encouraging market expansion through the widespread use of metal finishing. Applied to a range of vehicles, it prevents corrosion and creates a sleek, attractive exterior. It also functions as a protective layer for many automobile components, such as fuel systems, power steering systems, engines, shock absorbers, and anti-vibration parts. The car performs better overall because of the smooth surfaces of the components, which assist the engine create more horsepower. As a result, the metal polishing industry is growing. Thus, driving the metal plating and finishing market revenue.
The Europe Metal Plating and Finishing market segmentation, based on types includes Inorganic Metal Finishing, Organic Metal Finishing, and Hybrid Metal Finishing. The hybrid metal finishing segment dominated the market mostly. There are several variables that have contributed to the expansion of the hybrid metal finishing category in the metal plating and finishing market. Hybrid metal finishing has become increasingly popular since it frequently uses more environmentally friendly methods and materials. This is due to growing environmental legislation and the need for sustainable practices. Additionally, hybrid metal finishing can enhance the overall performance, corrosion resistance, and longevity of final metal goods, which makes it a desirable option for sectors like as aerospace and automotive.
Figure 1: Europe Metal Plating and Finishing Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Europe Metal Plating and Finishing market segmentation, based on applications, includes Automotive, Appliances, Hardware, Jewelry, Aerospace, Heavy Equipment, Medical Devices, Electronics, Construction, and Others. The automotive category generated the most income. One of the most popular techniques for giving the metal components of automobiles a protective covering is metal plating and finishing. Engines, various under-the-hood parts, fuel systems, chassis hardware, air conditioning, power steering, braking, and air conditioning systems, as well as other portions of the vehicle, receive metal plating and finishing.
The Europe Metal Plating and Finishing market is growing rapidly over the forecast period attributable to the area's thriving auto sector. Many automotive components are protected against premature wear and corrosion by metal plating and finishing techniques like powder coating and electroplating. With increasing car production and sales, the automotive industry in the region is moving in the right direction, and during the projection period, this is expected to drive up demand for metal plating and finishing. Additionally, the market was driven in large part by the aerospace and defense industry, which required premium plating for a variety of applications, including aircraft components.
Figure 2: EUROPE METAL PLATING AND FINISHING MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the metal plating and finishing market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, metal plating and finishing industry must offer cost-effective items.
Honeywell International Inc.
OC Oerlikon Management AG
Linde plc
POSCO
Inorganic Metal Finishing
Organic Metal Finishing
Hybrid Metal Finishing
Automotive
Appliances
Hardware
Jewelry
Aerospace
Heavy Equipment
Medical Devices
Electronics
Construction
Others
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.5 Billion |
| Market Size 2023 | USD 0.54 Billion |
| Market Size 2032 | USD 0.789 Billion |
| Compound Annual Growth Rate (CAGR) | 4.80% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Types, Applications, and Region |
| Region Covered | Europe |
| Countries Covered | German, France, UK, Italy, Spain |
| Key Companies Profiled | Honeywell International Inc., OC Oerlikon Management AG, Linde plc, TIB Chemicals AG and POSCO |
| Key Market Opportunities | Metal plating is gaining popularity due to its adaptability, which is propelling market expansion |
| Key Market Dynamics | Growing electrical and electronics sector will propel the market forward Growing demand from the automotive industry is propelling the market forward |
Europe Metal Plating and Finishing Market Highlights:
Frequently Asked Questions (FAQ) :
The Europe Metal Plating and Finishing market size was valued at USD 0.5 Billion in 2022.
The market is projected to grow at a CAGR of 4.80% during the forecast period, 2023-2032.
The key players in the market are Honeywell International Inc., OC Oerlikon Management AG, Linde plc, TIB Chemicals AG and POSCO.
The hybrid metal finishing category dominated the market in 2022.
The automotive category had the largest share in the market.
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