Source: ThomasNet.com
Tony Uphoff at ThomasNet.com breaks down how a Bureau of Labor Statistics report on job growth in the Fabricated Metal Products manufacturing sector during the month of March heralds good news not only for the overall durable goods industry but for fabrication shops turning out countless different metal parts and components for OEMs, contractors, and Value Added Resellers. Since “a great number of those metal parts will typically need some type of surface finishing, such as a coating or plating, for things like decorative appeal, durability, corrosion resistance, friction reduction, and more,” heat treaters may be able to spot upward trends on the horizon.
An excerpt:
“There’s increased sourcing demand for Plating using the specific metals of silver, copper, brass and bronze, zinc-nickel alloy, tin, cadmium, chromium, and hard chromium. . . . [M]any of the potential customers [buyers] are connecting with are within the automotive industry. In fact, according to a report by Grand View Research, auto manufacturers are the largest revenue segment for the overall metal plating industry and are increasing their reliance on metal plating to protect more automotive parts than in the past.”
Read more: “Auto Manufacturers Drive Demand for Plating Services”
Photo credit: Greystone, Inc.
