Market Size of Metal Finishing Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 100.69 Billion |
| Market Size (2029) | USD 127.17 Billion |
| CAGR (2024 - 2029) | 4.78 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Metal Finishing Market Analysis
The Metal Finishing Market size is estimated at USD 100.69 billion in 2024, and is expected to reach USD 127.17 billion by 2029, growing at a CAGR of 4.78% during the forecast period (2024-2029).
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The COVID-19 pandemic negatively impacted the market. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, the increasing demand for durable, wear-resistant, and long-lasting metal products are some of the factors driving the market's growth.
- On the other hand, the environmental restrictions on some metal finishing chemicals and increasing metal replacement with plastics are expected to hinder the market's growth.
- However, the shift from traditional solvent-borne technologies to newer technologies will likely provide market opportunities during the forecast period.
- Asia-Pacific dominated the global market, with robust demand from end-user industries such as automotive, construction, electronics, and hardware.
