Metal Finishing Procurement Intelligence
The metal finishing category is anticipated to grow at a CAGR of 4.7% from 2023 to 2030.
The process of applying a metal coating to the metallic component’s surface, usually known as a substrate, is referred to as metal finishing. A few major types of metal finishing are abrasive blasting, powder coating, electroplating, passivation, electropolishing, buff polishing, hot blackening, etc. Electroplating, or the process of placing metal ions on a substrate using an electric current, is an integral aspect of metal finishing. Two popular bulk electroplating techniques are barrel plating and rack plating. By end-user industry, automotive and electronics industry applications account for more than 50% - 60% of the total share.
Order your copy of the Metal Finishing category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Metal Finishing Procurement Intelligence Report Scope
The Metal Finishing category is expected to have pricing growth outlook of 5% - 9% (Annually) from 2023 to 2030, with below pricing models.
- Contract-based
- cost-plus model
Supplier Selection Scope of Report
- Cost and pricing
- past engagements
- productivity
- geographical presence
Supplier selection criteria of Report
- By application area (marine, industrial and general, automotive OEM)
- by type of finish (electroplating, zinc plating, anodising)
- automation tools
- operational and functional capabilities
- technology used
- others
Metal Finishing Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Metal Finishing Procurement Cost and Supplier Intelligence
The metal finishing category is highly fragmented and unorganized. The industry is mostly dominated by numerous small regional/local players spread throughout the country. Hence the bargaining power of suppliers is moderate to low owing to low switching costs for buyers. Heavy metals, cyanide, and volatile organic compounds are among the hazardous air pollutants that can be released during electroplating processes. Hence, metal finishing companies are increasing their investments in upgrading their technology or processes that can reduce the environmental impact as part of their ESG efforts. In many cases, the vendors are using a lot of recycled metal content in their designs. In an effort to widen the customer base, many suppliers, especially in the electroplating industry, are concentrating on offering a combination of metal finishing and other technical premium services.
The major cost components in this category include metal finishing chemicals, processes, machinery and technology, labor, electricity, facilities and utilities, and others. Other costs can include marketing, tax, administrative expenses, insurance, etc. In a custom metal finishing project, labor accounts for the majority of the project's cost. In general, standard post-production procedures include passivation, painting, powder coating, sanding, cleaning, etc. In the powder coating process, depending on the use case, powder materials can include nylons, polyesters, epoxies, or any other chemistries. Similarly, for corrosion protection, plating metals can include zinc, chromium, nickel, aluminum, etc. In the electroplating sector, nickel continues to remain as the most sought-after metal owing to its properties of wear and corrosion resistance, luster, and brightness.
List of Key Suppliers
- OC Oerlikon Management AG
- Honeywell International Inc.
- Uyemura & Co., Ltd.
- MKS | Atotech
- Elementis PLC
- Delstar Metal Finishing Inc.
- Metal Finishing Technologies
- LLC
- Industrial Metal Finishing
- The Diamond Metal Finishing Co Ltd.
- Karas Plating Limited
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
- Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
- Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
- Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
