Galvanized into Action: the Industry is Projected to Grow as Downstream Demand Stabilizes
The Metal Plating and Treating industry in Canada has fallen substantially amid general economic factors relating to the COVID-19 pandemic. This industry provides services to fabricated metal product manufacturers, such as structural steel, steel sheet and steel coil manufacturers. Since the construction sector (report 23) is one of the largest buyers for industry services, a decline in demand will likely heavily affect industry operators. Metal plating and treating revenue has been dropping at an annualized 4.6% to $2.2 billion over the five years to 2023, despite an estimated 4.1% increase in 2023 alone, when profit is set to drop to 9.0% of revenue.
The Metal Plating and Treating industry in Canada provides coating, engraving, heat-treating and metal processing services. Other activities include tempering, brazing, plating, polishing, sand blasting and colouring metals.
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.
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Methodology
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