Composite metal finishing market share forecast to witness considerable growth from 2019-2025

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Composite metal finishing market share research
by applications and regions for 2019-2025 Global
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Overview of composite metal finishing market

• Based on end-use, the composite metal finishing
  market is divided into automotive, electronics,
  aerospace, oil gas, heavy machinery and others.
  In automotive industry, composite metal finishing
  is used for carburetors, fuel pumps, fuel
  injection rails, shock absorbers, pistons, slip
  yokes, exhaust manifolds pipes and many other
  components. In aerospace industry, it is used for
  engine main shafts and propellers, gyro parts,
  engine mounts, oil nozzle components, servo
  valves, shear bolts, landing gear components,
  flanges, engine oil feed tubes, etc. It is used
  for drilling components, ball valves, cable
  glands, gate plugs, tubular components, etc. in
  oil gas industry. In electronics industry, it
  is used for Printed Circuit Boards (PCBs),
  connectors, interlocks, junction fittings,
  computer drive mechanisms, chassis memory drums
  and discs, terminals of lead wires, etc.
• Composite Metal Finishing Market size is
  projected to grow steadily during the forecast
  time span as it is widely used in automotive,
  electronics, aerospace, oil gas and many other
  industries for improving the service life of
  components and to increase their productivity.
  Metal finishing is a process involving the
  placement of suitable metal coating on the
  metallic part surface, often called as a
  substrate. It improves corrosion and wear
  resistance, increases solderability, enhances the
  visual appearance of metal parts, minimizes the
  effects of friction, alters conductivity,
  promotes paint adhesion, improves infrared
  reflectivity and removes surface defects.

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• The composite metal finishing market will be
  driven by flourishing automotive industry within
  the forecast time span. Globalization, favorable
  economic conditions and changing consumer
  interests will increase the demand for
  automobiles in future. Additionally,
  technological progressions and government
  policies legislations will support its growth.
  Such trends will facilitate the composite metal
  finishing market demand in upcoming years.
  Increasing number of passengers, large backlog of
  new aircraft orders, huge investments and
  research development advancements will propel
  the aerospace industry in future. This in turn
  will spur the market growth from 2019 to 2025.
• Increasing disposable income levels and lifestyle
  changes are the factors behind the growth of
  electronics sector. Continuous technological
  progressions, huge investments and trend of
  digitization will catapult the demand for
  electronics products over the forecast period.
  Hence, positive outlook of electronics industry
  will trigger the composite metal finishing market
  growth in future. However, the market growth may
  be hindered by high prices associated with
  composite metal finishing.

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• Based on method, the composite metal finishing
  market is classified into two segments such as
  electroplating and electroless plating.
  Electroplating, also known as electrodeposition,
  is the method in which metal or metal alloy is
  deposited on the surface of substrate. Electric
  current is passed through a bath solution
  containing dissolved ions of metal and substrate.
  The metal object to be plated acts as cathode and
  attracts the metal ions from the bath solution.
  This process is continuously monitored and
  regulated by controlling various parameters such
  as voltage, temperature, purity content of bath
  solution, etc. In electroless plating, metal
  coating is chemically deposited onto an object
  with the help of chemical reaction. This process
  does not involve usage of electricity.
  Electroless nickel plating reinforced with
  diamond, silicon carbide, boron nitride or
  polytetrafluoroethylene (PTFE) particles is used
  for a wide range of applications.
• Asia Pacific region will capture a significant
  market share in composite metal finishing market
  owing to fast pacing industrialization and
  increasing manufacturing activities. This region
  accounted for more than half of worldwide
  automotive production in 2018 and these growth
  trends will remain solid in future. Such trends
  will drive the market within this region. North
  America and Europe will capture considerable
  market share due to positive trends associated
  aerospace industry, thereby triggering the demand
  for composite metal finishing. Moreover, rising
  crude oil production in U.S., Saudi Arabia,
  Russia and Canada will also bolster the market
  growth.

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• Some of the key players in composite metal
  finishing market are Atotech Deutschland GmbH,
  Endura Coatings, LLC, Honeywell Inc., Incertec,
  Pioneer Metal Finishing, LLC, Uyemura
  International Corporation, Surface Technology,
  Inc., KC Jones Plating Company, Inc., Classic
  Plating, Inc., Lovitt Technologies Australia,
  MacDermid Enthone Industrial Solutions, and
  others.

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Methodology

• Market
  research reports Key analytical components

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