Metal Plating & Treating in the US - Industry Market Research Report

Heavy metal: Various downstream industries will likely experience growth, supporting the industry

Over the five years to 2023, revenue for the Metal Plating and Treating industry has fallen, because of uneven demand conditions from automotive and construction markets. Steel prices have been subject to extreme volatility in recent years in line with substantial fluctuations in steel production and demand. Nonetheless, while high downstream demand from the Steel Framing industry (IBISWorld report 23812) buoyed revenue for some industry operators, volatility in demand from the Steel Rolling and Drawing industry (IBISWorld report 33122) hampered revenue growth. Input volatility pressured industry revenue throughout the period, especially during COVID-19. Over the past five years, revenue fell at a CAGR of 0.3% to $33.4 billion, including a decrease of 2.4% in 2023.

This industry includes companies that perform work on metals or metal products. They treat metals (e.g. by applying a coating or engraving), altering not only their surface and appearance, but also their physical and chemical properties. Operators in this industry typically provide services to metal or metal-product manufacturers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.