Electroplating Market Forecasts to 2028 – Global Analysis By Metal Type (Precious Metals, Standard Metals, Alloys), Function (Functional, Decorative), End User (Jewellery, Medical, Toys), and By Geography
According to Stratistics MRC, the Global Electroplating Market is accounted for $14.06 billion in 2020 and is expected to reach $20.62 billion by 2028 growing at a CAGR of 4.9% during the forecast period. Some of the key factors propelling the market growth include ongoing industrialization around the globe, rising demand for electroplating applications in automotive industry, increasing disposable income in the developed countries, and the advent of Industry 4.0 has increased the research and development within metal finishing. However, environmental concerns related to electroplating technique are likely to hamper the market growth.
Electroplating is a method of plating one metal onto others via hydrolysis. It is a well-liked metal final process used in an extensive range of industries for diverse applications to build thickness, lend surface properties, enhanced durability, protect the substrate from corrosion and harsh environment, and improves appearance, this provides a electrical conductivity, protective barrier, improved hardness, heat resistance, and enhanced appearance.
By end user, industrial machinery parts & components segment is projected to grow at a significant rate during the forecast period, owing to the advantages allied to rust deterrence, highlighting manifestation and creating special features for the surface, such as rising electrical conductivity, sturdiness and surface hardness, electroplating is done in machinery parts and components.
On the basis of geography, the Asia Pacific region is expected to have considerable market growth during the forecast period, due to the high consumer electronics production, rising investment in expanding production, rapid industrialization in major developing economies, and the presence of a substantially large manufacturing sector in major countries such as China and India, among others.
Some of the key players in Electroplating Market include Bajaj Electroplaters, Sharretts Plating Company, Inc. , Kuntz Electroplating Inc., Metal Surfaces Inc., Peninsula Metal Finishing, Inc., Klein Plating Works, Inc., Pioneer Metal Finishing, Atotech Deutschland GmbH , Jing Mei Industrial Ltd. (JMI), ASB Industries Inc., Birmingham Plating Co Ltd., Precision Plating Co., Allied Finishing Inc., NiCoForm Inc., TOHO ZINC CO., LTD., Interplex Industries Inc., Roy Metal Finishing Company, and Metalor Technologies International SA.
Metal Types Covered:
• Precious Metals
• Standard Metals
• Rack Plating
• Line Plating
• Barrel Plating (Mass Plating)
• Continuous Plating
• Other Types
• Base Metal Plating
• Plastic Plating
• Manually Operated Inhaler Devices
• Wear Resistance
• Corrosion Resistance
• Decorative Coating
• Electrical Conductions
• Corrosion Protection
• Other Applications (Enhanced Conductivity)
End Users Covered:
• Industrial Machinery Parts & Components
• Aerospace & Defense
• Electrical & Electronics
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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