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Electroplating Market: By Metal Type, By Application, By End User and Geography
Electroplating Market: By Metal Type, By Application, By End User and Geography
Electroplating Market Size was valued at US$ 12.79 Billion in 2023 and is projected to reach US$ 15.98 Billion by 2030, growing at a CAGR of 2.95 % from 2024 to 2030. Electroplating is the process of plating metal onto another metal utilising hydrolysis to prevent corrosion or for ornamental purposes. This process is comparable to electroforming in that they both use an electro-deposition process and are classified as additive manufacturing. Metal plating is done by immersing the anode and cathode in a salt solution electrolytic bath, which also contains the metal to be plated. When a direct current is conducted through a solution, metal ions are transferred to the cathode surface, resulting in the electroplating process. Electroplating is commonly used to preserve components from corrosion and to restore older components to their original appearance. As a result, electroplating is crucial in the automotive industry. During the forecast period, rising demand in the automotive sector is leading to rising demand in the electroplating market. Electroplating puts a protective coating on a surface to reduce friction and prevent tarnishing. It also uses a thin, robust metal covering to protect the surface from wear and tear.
The surface properties of an object are changed when a non-metallic surface is coated with metal. In addition to providing wear resistance, corrosion protection, and abrasion resistance, metal coatings are sometimes used to improve the appearance of components. Furthermore, electroplating can make low-cost metals appear to be of greater quality. Automobiles, aviation, electronics, leisure, and agricultural industries are all seeing an upsurge in their use of electroplating. As a result, demand for global electroplating is likely to increase over the forecast period. Increasing demand for this market from various end user sectors, growing demand for smart appliances such as smartphones, refrigerators are fuelling the market growth. However, a serious drawback of using electroplating is due to stringent regulations imposed by the government as it exhibits hazardous chemicals and gases during electroplating process into the atmosphere.
Study Period
2024-2030Base Year
2023CAGR
2.95%Largest Market
Asia-PacificFastest Growing Market
North America
Benefits such as corrosion protection and aesthetic improvements have increased the demand for electroplating in the automotive industry. Automotive manufacturers began to place a stronger focus on corrosion protection. This led to the increased use of an automotive metal finishing technique called electroplating. Sharretts plating company is specialized in metal finishing for motorcycles and cars to provide a protective coating against corrosion. For many years, the company has provided effective plating solutions that are widely used throughout the automotive industry. There are a number of metals that are used when implementing electroplating as an automotive metal finishing technique.
Electroplating market report gives comprehensive outlook on Electroplating across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Currently, Asia Pacific is the world's top producer of autos and electronics. India, China, Japan, South Korea, Thailand, and Indonesia account for a large portion of worldwide automobile production. During the projected period, this is likely to generate the most demand for electroplating in Asia Pacific. Furthermore, the rise of the aerospace industry in North America is expected to open up further chances for the electroplating business in the near future.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
2.95% |
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By Metal Type |
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By Application |
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By End User |
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By Region |
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)
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The electroplating market is projected to expand at a CAGR of 2.95% during the forecast period.
Metal Surfaces Inc., Kuntz Electroplating Inc, Interplex Holdings Pte. Ltd, Estaadora S.A. de C.V, Commercial Plating Company Inc, Birmingham Plating Co. Ltd, Atotech Deutschland G
The key segments covered in the electroplating market are: by Type, Application, and End-Users
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Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.