Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 17

PLATING AND ANODIZING: INDUSTRY OUTLOOK
the success of the industry. From 2021 onward, higher
investments in residential construction specifically have
been seen across Canada and this promotes demand for
structured steel and other downstream parts and services
that the finishing industry provides. The electrical industry
(including electronics) continues to be in high demand,
which it maintained throughout the pandemic, and
provides opportunities for plating and finishing services.
Electroless nickel specifically is rising in popularity
as a coating that offers many of the in-demand wear and
abrasion properties without the difficulties in application.
It will also present unique opportunities in the electric
vehicle market. Hexavalent chromium plating still presents
a myriad of opportunities and difficulties-opportunities
for advancement in alternative sustainable solutions but
also the difficulties in moving away from a coating that
offers the ultimate in hardness and corrosion protection.
The services provided by the metal plating industry are
heavily linked to the demand for manufacturing as plating
is involved in nearly all manufacturing that requires metals.
An example of this will be seen as consumer confidence
returns from the pandemic and more electronics, cars, and
home appliances are purchased. The need for steel and
metal will increase resulting in positive demand for the
metal services to finish these products.
Manufacturing as a whole has become costlier in Canada
due to the relatively high wage conditions. This has caused
many downstream users to turn to importing coated
metal products instead of having them manufactured
domestically. Local manufacturers have been able to
cope with this trend by investing in innovation. Increased
investment in computer technology and automation being
used in the metal treatment process have led to industrial
efficiencies. And by offering customers customisable
services and more value-added services has allowed
businesses to retain current customers and attract new
domestic customers.
Downstream manufacturing still provides solid demand
for the industry. Hardware manufacturing (which supports
many other manufacturers - marine, aerospace, luggage,
cabinetry, weapons, appliances, etc.), construction, ball
bearing, wire, and spring manufacturing have all grown
over the past five years, helping to drive the demand for
May/June 2023
17
the industry's services. The outlook surrounding electric and
fuel cell vehicles is also immensely positive for the plating
industry, providing opportunities in electrical components,
battery components, and magnets, amongst others.
Tensions in Europe have made GDP spending on national
defense a hot topic globally, with Canada being one of many
countries committing more money into their budgets to
bolster the capacity of their armed forces. This will increase
demand for downstream products in need of corrosion
http://www.dynamix-inc.com

Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023

Table of Contents for the Digital Edition of Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023

Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 1
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 2
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 3
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 4
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 5
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 6
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 7
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 8
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 9
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 10
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 11
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 12
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 13
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 14
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 15
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 16
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 17
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 18
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 19
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 20
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 21
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 22
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 23
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 24
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 25
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 26
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 27
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 28
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 29
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 30
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 31
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 32
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 33
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 34
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 35
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 36
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 37
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 38
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 39
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 40
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 41
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 42
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 43
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 44
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 45
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 46
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 47
Canadian Finishing & Coatings Manufacturing Magazine - May/June 2023 - 48
https://www.nxtbookmedia.com