The global electroplating market was valued at $15 billion as of 2018 and it is estimated to grow with a CAGR of 4% during the forecast period 2019-2025.
— Evolving and increasing applications of electroplating chemicals for decorative purposes and in metallic coatings are increasing the demand for electroplating market as per the findings of a business intelligence report published by IndustryARC. According to the report, the global electroplating market was valued at $15 billion as of 2018 and it is estimated to grow with a healthy compound annual growth rate (CAGR) of 4% during the forecast period 2019-2025.
The report is titled: “Electroplating Market: By Metal Type (Gold, silver, copper, nickel, chromium, zinc, and others); By Application (Corrosion Protection, Decorative Coating, Electrical applications, and others); By End Users (Automotive, electrical and electronics, Aerospace and defence, Jewellery, Machinery parts and components, Home appliance, and others) & Geographic Analysis - Forecast (2019-2025).” This report covers Electroplating Market Size by Metal type and applications, Electroplating market share by top 5 companies and also the market share by start-ups during the forecast period. It also provides a detailed analysis of competitive structure, the market shares of the competitors, market trends, market demands, market drivers, market challenges, and product analysis to the key market participants with the necessary business intelligence and help them in understanding the future of the electroplating market.
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Report Price (Single User): US $3850
Electroplating Market: Leading Segments
Electrical and electronics is the fastest growing application among all other electroplating applications in the electroplating market. It is evaluated to grow at a CAGR of 4% throughout the aforesaid foreseen period. India electronic market is one of the largest electronic market in the world which is projected to reach $400 billion by 2020. According to Consumer Electronics and Appliances Manufacturers Association report, Indian Consumer Electronics Industry is estimated to grow with a CAGR of 9.5% during 2015-2021. This has contributed to the expanding usage of advanced electroplating for electronic products.
Zinc, silver, nickel metal, tin, and copper are the most commonly used raw materials in the electroplating process. Asia-Pacific occupied a dominating regional share of 40% in the global electroplating market in 2018. High growth rates in the electrical and electronics industry in Asian countries namely in India, China, Japan, and South Korea are influencing the share of APAC in the global electroplating market. Worldwide increasing demand for electronic products is providing considerable opportunities for electroplating chemical manufacturers.
Electroplating Market: Growth Drivers And Disruptive Trends
Electroplating is predominantly used to enhance the resistance of any machinery or component to corrosion, in order to obtain an attractive product. It also improves the appearance of the base material as well. Improved electrical conductivity, surface uniformity, and protection against surface abrasions offered by the electroplating chemicals are the key growth driving factors of the electroplating market.
Electroplating increase wear resistance of the substrate, build the thickness of a metal surface, prepare surfaces for superior adhesion before painting, and also helpful in reducing friction. This is the reason why Electroplating is extensively used in the electronics, automobile, jewelry, airplanes, and toys industries.
Emerging usage of eco-friendly electroplating chemicals is decreasing the pollution and encouraging industries and consumers to maintain a clean and green environment.
There is a growing demand for electroplating services for the electronic products, electrical devices & components manufacturers, as these electroplating techniques offer coherent coating for metal surfaces of those products.
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Electroplating Market: Competitive Landscape
Some of the key companies which are operating in the global electroplating market are Allied Finsihing Inc, Atotech Deutschland GmbH, Interplex Indudtries, Kuntz Electoplating Market Inc., Peninsula Metal Finishing, Pioneer Metal Finsihing, Roy Metal Finishing, Sharretts Plating Co. Inc., J&N Metal Products LLC, and Bajaj Electroplaters.
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