Global Electroplating Market

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

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

Global Electroplating Market Insights

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).

Electroplating is a popular method for preventing corrosion on a variety of surfaces, including buildings, automobiles, and appliances. The metal coating acts as a protective barrier, preventing corrosion on the underlying substrate. The physical properties of the object are altered to improve its aesthetic value, increase wear resistance, increase thickness, and provide corrosion protection. The electroplating market is being driven by the increasing use of electroplating in the aerospace and defence sectors.

The expanding end-use industry is driving market expansion. Electroplating is widely used in industry for a wide range of technological and decorative applications. With the advent of Industry 4.0, R&D in metal finishing is increasing, as is demand for long-lasting metals with adaptable manufacturing processes, from automobiles to aerospace to jewellery and industrial equipment. Electroplating is critical in the automotive industry. The increase in demand for the automotive sector boosts demand for the electroplating market. Furthermore, electroplating transforms low-cost metals into higher-quality metals. The global electroplating industry is expanding into industries such as automotive, aircraft, electronic components, recreation, and agricultural production.

US Electroplating Market  is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Electroplating Market

Report ID: SQMIG20D2228 | Region: Global | Published Date: February, 2024 | Pages: 268 | Tables: 63 | Figures: 75

Global Catalytic Convertor Market
Buy Now GET FREE SAMPLE
Global Electroplating Market

Report ID: UCMIG20D2147 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Electric Powertrain Market
Buy Now GET FREE SAMPLE
Global Electroplating Market

Report ID: UCMIG20D2046 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Thermoform Packaging Market
Buy Now GET FREE SAMPLE
Global Electroplating Market

Report ID: SQMIG20D2223 | Region: Global | Published Date: February, 2024 | Pages: 202 | Tables: 44 | Figures: 65

Global Micro Solar Energy Harvesting Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Electroplating Market

Product ID: SQMIG20D2074

$5,300
BUY NOW GET FREE SAMPLE