Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the global market for inorganic metal finishing technologies is expected to reach $61.1 billion by 2013.

Inorganic Metal Finishing Processes: The Global Market states that the market will grow from $42.3 billion in 2007, to an estimated $44.4 billion in 2008 and  then to $61.1 billion in 2013, a compound annual growth rate (CAGR) of 6.6%.

The study finds that the market is broken down into inorganic metal finishing processes, surface preparation/pretreatment, and consumables and spares. Of these, inorganic metal finishing processes have the largest market share, and this segment generated $29.0 billion in 2007. The report predicts that this segment is expected to increase in value to $30.1 billion in 2008 and $39.7 billion in 2013, with a CAGR of 5.7%.

Analysts point out that surface preparation/pretreatment possesses the second largest share of the market. This segment was worth $9.3 billion in 2007 and is estimated  to reach $9.8 billion this year. The publication points out that this should increase at a CAGR of 7.7% to reach $14.2 billion in 2013.

Authors of the report highlight that consumables and spares represent the fastest growing market segment, expected to increase from $4.0 billion in 2007 to $4.5 billion in 2008 and $7.2 billion in 2013.

Metal finishing requirements are essential to maintaining components’ capabilities in terms of corrosion or wear resistance, appearance and even performance.  In addition metal finishing has become very important to the computer, communications, electronics and appliances industries.

Inorganic Metal Finishing Processes: The Global Market

Report Buyer product ID: BCC00226

Report Buyer category: Industry & Manufacturing