Global Electroplating Market Size, Share, Growth Analysis, By Type(Copper, Tin), By Application(Corrosion Resistance, Wear Resistance), By End-use(Automotive, Electrical & Electronics) - Industry Forecast 2024-2031

Q: What is the global market size of Electroplating Market?

Electroplating market was valued at US$ 13.77 billion in 2021, and it is expected to reach a value of US$ 16.91 billion by 2028, at a CAGR of 3.31% over the forecast period (2022 - 2028).

Report ID: SQMIG20D2074 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 101 | Figures: 68

Global Electroplating Market Regional Insights

The Asia Pacific region dominates the global electroplating market and is projected to maintain a similar trend over the forecast period. Due to rapid industrial growth in major emerging economies and the presence of sizable manufacturing industries in major countries such as China and India, among others, the Asia-Pacific region is expected to have a significant market share in high-end consumer technology production. Furthermore, large automobile manufacturing plants in China, India, and Japan are adding to the region's growing demand for electroplating. Increased investment in increasing production contributes to market growth in the Asia-Pacific region over the forecast period.

Global Electroplating Market Report Snapshots

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Electroplating market was valued at US$ 13.77 billion in 2019, and it is expected to reach a value of US$ 16.91 billion by 2031, at a CAGR of 3.31% over the forecast period (2024-2031).

The electroplating market is highly fragmented, with many small and medium-sized players dominating. These participants include various metal' electroplating services. Furthermore, B2B E-Commerce platforms and Supplier discovery platforms have increased the number of opportunities available to small and medium-sized businesses. To gain a significant market share, key players in the Electroplating market are employing strategies such as electroplating technology innovation, product launches, and mergers and acquisitions. 'Metalor Technologies International (Switzerland)', 'Heimerle + Meule (UK)', 'Sharretts Plating Company (US)', 'Peninsula Metal Finishing, Inc. (US)', 'Bajaj Electroplaters Inc. (India)', 'Roy Metal Finishing Co Inc (US)', 'Pioneer Metal Finishing (US)', 'Electro-Spec Inc. (US)', 'Precision Plating Company, Inc (US)', 'Jawaher Metal Factory Plating and Fabrication (Saudi Arabia)', 'Kuntz Electroplating, Inc. (US)', 'Roy Metal Finishing, Inc. (US)'

The aerospace and defence industries' increasing demand for electroplating for improved conductivity is expected to drive electroplating market growth. Electroplating is the best option for the aerospace and defence industries, which require less space-consuming but high-current-flowing-capacity substances. Electroplated busbar has a higher conductivity than ordinary cables and wires while taking up less space. Over the forecast year, these factors are expected to drive the Electroplating market.

The increasing production of automobiles necessitates electroplating for high-performance automobile components to maintain exceptional corrosion resistance and to improve the presentation of exterior automobile parts such as emblems, door handles, hood ornaments, and wheel rims.

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Global Electroplating Market Size, Share, Growth Analysis, By Type(Copper, Tin), By Application(Corrosion Resistance, Wear Resistance), By End-use(Automotive, Electrical & Electronics) - Industry Forecast 2024-2031

Global Electroplating Market Regional Insights

Global Electroplating Market Report Snapshots

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