North America Automotive Metal Finishing Industry

North America Metal Finishing Market Analysis

The North America Metal Finishing Market is expected to register a CAGR of greater than 6% 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.
• United States is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

North America Metal Finishing Market Trends

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.

United States to Dominate the Market

• In the North America region, United States dominated the metal finishing market. United States is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country's manufacturing sector is one of the major contributors to the country's economy.
• According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to reach 8,270 in 2037, owing to the growth in air cargo. Also, the US mainliner carrier fleet is expected to grow at a rate of 54 aircrafts per year due to the existing fleet getting older. Strong exports of aerospace components to countries, such as France, China, and Germany, along with robust consumer spending in the United States are driving the manufacturing activities in the aerospace industry.
• Various automotive manufacturers are planning to invest during the coming years, amid threats from the government to increase levies on auto imports from Mexico. This factor is expected to positively impact the automotive industry in the country in the coming years, thereby increasing the consumption of metal finishing in the automotive industry through the forecast period.
• The growth in the United States residential sector is slower than the growth in the non-residential sector. The growing population is expected to boost the demand for housing in the country. Furthermore, about 20 million households are projected to be constructed over the next decade. The United States commercial construction sector is expected to witness a higher growth rate, in the next few years.
• With the rising growing demand from various end-user industries, the market for metal finishing is expected to grow during the forecast period.

North America Metal Finishing Industry Overview

The North Americametal finishing market is fragmented as the top five players in the market contributed less share. Key players in the market include C. Uyemura & Co. Ltd, Honeywell International Inc., Linde plc, OC Oerlikon Management AG, and Sequa (The Carlyle Group), among others.

North America Metal Finishing Market Leaders

North America Metal Finishing Market News

• In May 2019, Guyson corporation has announced the availability of a new metal finishing technology called Multiblast 3D. This is a blasting chamber tailored to post-process 3D printed parts for HP Jet Fusion 500/300 Series 3D printers.
• In May 2019, OTEC Precision Finish Inc. has developed a new surface finishing process for aero engine turbine and compressor blades. This method is called stream-finishing process in which OTEC Precision Finish Inc. in which the blades are clamped and lowered.