$2.2bn
$XXX.Xm
9,742
1,362
$XXX.Xm
Firms that provide services in the Metal Coating and Finishing industry treat a range of metals to improve their durability and lifespan. These treatments protect metals from rust and corrosion, and can also improve their aesthetics. Most metal coating and finishing firms service downstream construction and manufacturing industries, which need durable metals to carry out their operations. Demand conditions from these key markets has been mixed; demand from building construction has dropped because of staff shortages and restrictions related to the COVID-19 outbreak, and has struggled to recover. Meanwhile, demand from heavy and civil engineering construction has risen, as demand for products necessary for railways, dams, pipelines and other major infrastructure has lifted. Spikes in the world price of zinc – the industry's most important input – have made purchase costs for firms more expensive. While companies tend to pass these costs on to consumers through higher prices, limited demand has made it difficult for them to do so, resulting in weaker performance. Overall, revenue is expected to fall at an annualised 0.3% to $2.2 billion over the five years through 2023-24. This trend includes an anticipated drop of 4.8% in 2023-24, as a downturn in demand from heavy and civil engineering construction has cut into performance.In the coming years, metal coating and finishing firms are likely to continue battling challenging operating conditions. Zinc prices are set to fall, as shortages related to supply chain disruptions ease considerably. These lower prices will likely make it considerably more affordable for firms to carry out their operations. Despite this fall, demand conditions are set to remain weak in key downstream markets. Demand from heavy and civil engineering construction is falling, and demand from fabricated metal product manufacturing is also on track to follow this downward trend. A rise in building construction activity is likely to be insufficient to make up the difference, and lower demand for galvanising – the industry's most popular service – will continue cutting into firms' performance. Ongoing climbs in household consumption expenditure will make up some of the difference, but household demand will be unable to fully compensate for demand from larger-scale projects. As a result, revenue is forecast to drop at an annualised 0.6% to $2.1 billion over the five years through 2028-29, alongside decreases in profitability.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $2.2bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Valmont | 131.9 | |
PPG Industries | 88.1 | |
GB Galvanizing Pty Ltd | 66.1 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Galvanising, Electroless plating and Electroplating, anodising and colouring. Galvanising is the largest segment of the Metal Coating and Finishing in Australia.
High zinc prices have elevated the share of revenue generated from galvanising
Companies in the industry are mainly engaged in engraving, polishing, heat-treating, plating, galvanising, anodising, colouring, plastic dipping, ceramic coating and finishing metals or metal products that customers supply. Firms that galvanise steel sheets or strips are excluded from the industry.
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ANZSIC 2293 - Metal Coating and Finishing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Supply shortages due to the COVID-19 outbreak have elevated zinc prices. As zinc is a key input for many firms, higher prices have made it difficult to grow and expand.
Learn about an industry's products and services, markets and trends in international trade.
Electroless plating has become more popular. Its lower production costs – associated with the fact that it does not require electricity – and ability to achieve a more unifor...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Metal coating and finishing firms need to be close to their key customers. Since Victoria, New South Wales and Queensland have the highest population density and economic act...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Metal coating and finishing firms compete on price and quality. Substitution tends to occur among different segments of the industry, which has been making conditions more co...
Learn about the performance of the top companies in the industry.
Valmont Queensland is a specialty provider of hot-dip galvanising and protective coating services. The company provides services to firms in the construction, manufacturing, ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Quality standards apply to firms that provide metal coating and finishing services. These standards apply to galvanising steel bolts, screws, nuts and other fasteners, as wel...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Metal coating and finishing firms can pass on higher purchase costs via lifting prices. However, strong internal competition has prevented many companies from doing so, keepi...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Metal Coating and Finishing industry in Australia is $2.2bn in 2024.
There are 1,362 businesses in the Metal Coating and Finishing industry in Australia, which has declined at a CAGR of 1.7 % between 2018 and 2023.
The market size of the Metal Coating and Finishing industry in Australia has been declining at a CAGR of 0.3 % between 2018 and 2023.
Over the next five years, the Metal Coating and Finishing industry in Australia is expected to decline.
The biggest companies operating in the Metal Coating and Finishing market in Australia are Valmont, PPG Industries and GB Galvanizing Pty Ltd
Electroplating, anodising and colouring and Galvanising are part of the Metal Coating and Finishing industry.
The company holding the most market share in Australia is Valmont.
The level of competition is high and steady in the Metal Coating and Finishing industry in Australia.