Treat Yourself: Favorable business conditions and a plethora of downstream markets will encourage steady growth

Over the five years to 2017, the Metal Plating and Treating industry in Texas has grown at a faster rate than the national industry, as the state's economy has exhibited stronger growth than the US economy. The state's strong economy, coupled with its favorable business environment, has encouraged more businesses to set up operations in the state or expand their existing businesses in an effort to increase their output. The industry is expected to continue growing over the five years to 2022, as demand will continue to rise. The global economy is expected to improve, which will increase demand for industry products from international buyers. This trend will especially benefit Texas, as the state is the largest exporter of industry goods in the nation...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
1.8%
Forecast Growth 17-22
Profit
Employment
11,945
Businesses
399

Industry Threats & Opportunities

  • More downstream businesses in the state means demand for industry products and services has been increasing
  • Higher demand and stable competition have also enabled operators to increase profit margins
  • The world price of steel is expected to continue declining, albeit at a slower rate
  • Industry Report - Industry Key Buyers Chapter

    There is very low market share concentration of companies in the Metal Plating and Treating industry in Texas, with no industry player controlling a sizeable share of industry revenue. In 2017, IBISWorld estimates that the four largest companies control significantly less than 40.0% of industry revenue, a sign of a high fragmentation and low market share concentration.Industry operators usually employ small staffs, which restricts their ability to make considerable gains and grow their control of industry revenue. According to data from the US Census, 67.9% of industry players employ fewer than 20 people. Similar to the national industry, over the five years to 2017, market share concentration in the Texas industry has increased slightly. Lar...purchase to read more.

    Additional Insights for the Metal Plating & Treating in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metal Plating & Treating in Texas Industry are

  • Availability of resources
  • Having a diverse range of clients
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Manufacturing GDP for Texas in the Metal Plating & Treating in Texas industry impact industry performance..

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    What's in this report

    What is the Metal Plating & Treating in Texas Industry?

    This industry includes companies in Texas that perform work on a metals or metal products to alter not only their surface and appearance, but also their physical and chemical properties. Operators achieve this through applying a coating, engraving or another form of metal treatment.

    Industry Products
  • Metal heat-treating services
  • Metal coating, engraving and allied services
  • Electroplating, plating, polishing, anodizing and coloring
  • Industry Activities
  • Heat treating metals and metal products
  • Enameling, lacquering and varnishing metals and metal products
  • Hot dip galvanizing metals and metal products
  • Engraving, chasing and etching metals and metal products
  • Powder coating metals and metal products
  • Electroplating, plating, anodizing, coloring and finishing metals and metal products
  • Providing other metal surfacing services for trade
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Manufacturing GDP for Texas
  • World price of steel
  • World price of zinc
  • Value of private nonresidential construction in Texas

  • Current Performance
  • Demand is bigger in Texas
  • Revenue and profit have a strong five years
  • A stronger dollar suppresses growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Steel bounces back
  • Dollars’ loss is the industry’s gain
  • Zinc sinks
  • Table: Metal Plating & Treating in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metal Plating & Treating in Texas Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Steel Framing
  • Iron & Steel Manufacturing
  • Metal Stamping & Forging

  • Key Selling Industries
  • Abrasive & Sandpaper Manufacturing
  • Chemical Product Manufacturing
  • Nonferrous Metal Foundry Products Manufacturing
  • Paint Manufacturing
  • Plastic & Resin Manufacturing

  • Products & Services
  • Metal heat-treating services
  • Metal coating, engraving and allied services
  • Electroplating, plating, polishing, anodizing and coloring
  • Chart: Metal Plating & Treating in Texas Industry Products and Services Segmentation

  • Major Markets
  • Steel product and steel framing companies
  • Metal stamping and forging companies
  • Other markets
  • Chart: Major Market Segmentation for the Metal Plating & Treating in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilities, depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Metal Plating & Treating in Texas

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Metal Plating & Treating in Texas Industry

  • Gleco Plating Inc., Industrial Metal Finishing Company, Precoat Metals Inc., Special Products & Mfg. Inc., Worthington Industries Inc.,
  • Table: Gleco Plating Inc. - financial performance
  • Table: Industrial Metal Finishing Company - financial performance
  • Table: Precoat Metals Inc. - financial performance
  • Table: Special Products & Mfg. Inc. - financial performance
  • Table: Worthington Industries Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Metal Plating & Treating in Texas Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Metal Plating & Treating in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World price of steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Annealing
  • Hardening something by heat treatment.
  • Brazing
  • A method of joining metals by using heat and a filler.
  • Environmental Protection Agency (Epa)
  • A government agency designed to protect human health and safeguard the natural environment.
  • Galvanization
  • The process of applying a zinc coating to steel or iron to prevent rusting.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Metal Plating & Treating in Texas Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Metal Plating & Treating in Texas:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Metal Plating & Treating in Texas market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Metal Plating & Treating in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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