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At a CAGR of roughly 6% between 2022 and 2030, the Electroplating Market is expected to grow from a 2019 valuation of USD 14.8 billion to a 2030 valuation of USD 19.9 billion.
Using an electric current, a procedure known as electroplating (or electro deposition) deposits material onto a work item. A substrate is a workpiece upon which a thin coating of metal is deposited by this technique. Changing an object's physical characteristics is electroplating's principal function. The need for electroplating is predicted to increase in the next years due to the growth of the electronics industry.
Future Market Insights (FMI), a market research and consultancy business accredited by the European Society for Market Research, reveals what is driving demand for electroplating in a recent study. This research analyses the effects of COVID-19 on the product type and end-use industry, including electroplating, and follows global sales of electroplating in 20+ high-growth areas.
Hydrolysis is used in the electroplating process to plate one metal onto another, either to protect it from corrosion or for aesthetic purposes. Both of these methods fall under the umbrella of additive manufacturing, and both use an electro-deposition technique to create their final products. When plating metal, the anode and cathode are submerged in a salt solution that also contains the metal being plated. Metal ions in the solution are transferred to the cathode surface through direct current, resulting in electroplating. Electroplating is commonly used to prevent corrosion and restore worn or outdated parts to a like-new condition. This highlights the significance of electroplating in the automotive industry. During the projected period, the electroplating industry is expected to expand due to rising demand from the automotive sector.
Electroplating is predicted to see market expansion thanks to rising demand from aerospace and defence applications for delivering adequate finishing to the gear. Coating the material with metal to make it stick and form a protective bond is a common method used in the finishing process. The procedure also improves the defence industry's machinery's resistance to corrosion, electricity, heat, and friction wear. Consequently, the growing need for electroplating in the aforementioned defence application is driving market expansion. In February 2023, the Indian Brand Equity Foundation reported that because to the success of important industries including automobiles, engineering, chemicals, pharmaceuticals, and consumer goods, manufacturing was becoming a crucial component of India's economic growth. India's industrial sector, which contributed 16-17% of GDP before the pandemic, is expected to be one of the fastest-growing industries in the country.
Economic development in industrialised regions like North America and Europe has slowed because those markets are mature and growing at a slower rate than emerging ones. Over the projected period, this trend should continue. Therefore, the predicted growth of the electroplating market over the projection period is expected to be hampered by the slowing of economic growth in North America and Europe. Governments in industrialised nations, like North America and Europe, are increasingly implementing stringent environmental controls on the use of electroplating due to the harmful effects it has on human health and the environment. Since the electroplating industry is a major polluter due to the release of toxic materials, heavy metals, and solid wastes in the form of effluents and air emissions, the market for electroplating is expected to grow at a slower rate in the coming years.
Report Coverage
Global Electroplating research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electroplating report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electroplating competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electroplating market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electroplating market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electroplating market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Atotech (Germany),Sharretts Plating Company (US),Sheen Electroplaters Pvt Ltd (India), Allenchrome (England),Summit Corporation of America (US),Precision Plating Co. (US), TOHO ZINC CO., LTD (Japan), Dr.-Ing. Max Schlötter GmbH & Co. KG (Germany), Klein Plating Works, Inc (US), Jing-Mei Industrial Ltd. (Hong Kong), Allied Finishing (US), Cherng Yi Hsing Plastic Plating Factory Co., Ltd (China).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Electroplating market based on the below-mentioned segments:
Global Electroplating Market, By Type
Barrel Plating
Rack Plating
Others (including Electroless Plating and Strip Plating)
Global Electroplating market, By Application
Corrosion Resistance
Wear Resistance
Appearance
Solderability
Others (including Enhanced Conductivity)
Global Electroplating Market, By End User
Automotive
Electrical & Electronics
Aerospace & Defense
Jewelry
Industrial Machinery
Others (including Oil & Gas and Power Generation)
Global Electroplating market, Regional Analysis
Using an electric current, a procedure known as electroplating (or electro deposition) deposits material onto a work item. A substrate is a workpiece upon which a thin coating of metal is deposited by this technique. Changing an object's physical characteristics is electroplating's principal function. The need for electroplating is predicted to increase in the next years due to the growth of the electronics industry.
Future Market Insights (FMI), a market research and consultancy business accredited by the European Society for Market Research, reveals what is driving demand for electroplating in a recent study. This research analyses the effects of COVID-19 on the product type and end-use industry, including electroplating, and follows global sales of electroplating in 20+ high-growth areas.
Hydrolysis is used in the electroplating process to plate one metal onto another, either to protect it from corrosion or for aesthetic purposes. Both of these methods fall under the umbrella of additive manufacturing, and both use an electro-deposition technique to create their final products. When plating metal, the anode and cathode are submerged in a salt solution that also contains the metal being plated. Metal ions in the solution are transferred to the cathode surface through direct current, resulting in electroplating. Electroplating is commonly used to prevent corrosion and restore worn or outdated parts to a like-new condition. This highlights the significance of electroplating in the automotive industry. During the projected period, the electroplating industry is expected to expand due to rising demand from the automotive sector.
Electroplating is predicted to see market expansion thanks to rising demand from aerospace and defence applications for delivering adequate finishing to the gear. Coating the material with metal to make it stick and form a protective bond is a common method used in the finishing process. The procedure also improves the defence industry's machinery's resistance to corrosion, electricity, heat, and friction wear. Consequently, the growing need for electroplating in the aforementioned defence application is driving market expansion. In February 2023, the Indian Brand Equity Foundation reported that because to the success of important industries including automobiles, engineering, chemicals, pharmaceuticals, and consumer goods, manufacturing was becoming a crucial component of India's economic growth. India's industrial sector, which contributed 16-17% of GDP before the pandemic, is expected to be one of the fastest-growing industries in the country.
Economic development in industrialised regions like North America and Europe has slowed because those markets are mature and growing at a slower rate than emerging ones. Over the projected period, this trend should continue. Therefore, the predicted growth of the electroplating market over the projection period is expected to be hampered by the slowing of economic growth in North America and Europe. Governments in industrialised nations, like North America and Europe, are increasingly implementing stringent environmental controls on the use of electroplating due to the harmful effects it has on human health and the environment. Since the electroplating industry is a major polluter due to the release of toxic materials, heavy metals, and solid wastes in the form of effluents and air emissions, the market for electroplating is expected to grow at a slower rate in the coming years.
Report Coverage
Global Electroplating research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electroplating report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electroplating competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electroplating market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Atotech (Germany),Sharretts Plating Company (US),Sheen Electroplaters Pvt Ltd (India), Allenchrome (England),Summit Corporation of America (US),Precision Plating Co. (US), TOHO ZINC CO., LTD (Japan), Dr.-Ing. Max Schlötter GmbH & Co. KG (Germany), Klein Plating Works, Inc (US), Jing-Mei Industrial Ltd. (Hong Kong), Allied Finishing (US), Cherng Yi Hsing Plastic Plating Factory Co., Ltd (China). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Electroplating Market from 2021 to 2030.
- Market Forecast for Electroplating Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Electroplating competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Electroplating
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electroplating market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electroplating market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Atotech (Germany),Sharretts Plating Company (US),Sheen Electroplaters Pvt Ltd (India), Allenchrome (England),Summit Corporation of America (US),Precision Plating Co. (US), TOHO ZINC CO., LTD (Japan), Dr.-Ing. Max Schlötter GmbH & Co. KG (Germany), Klein Plating Works, Inc (US), Jing-Mei Industrial Ltd. (Hong Kong), Allied Finishing (US), Cherng Yi Hsing Plastic Plating Factory Co., Ltd (China).
Primary Target Market
- Market Players of Electroplating
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Electroplating market based on the below-mentioned segments:
Global Electroplating Market, By Type
Barrel Plating
Rack Plating
Others (including Electroless Plating and Strip Plating)
Global Electroplating market, By Application
Corrosion Resistance
Wear Resistance
Appearance
Solderability
Others (including Enhanced Conductivity)
Global Electroplating Market, By End User
Automotive
Electrical & Electronics
Aerospace & Defense
Jewelry
Industrial Machinery
Others (including Oil & Gas and Power Generation)
Global Electroplating market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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