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).” It 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.

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[1] 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. 

o   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.

o   Emerging usage of eco-friendly electroplating chemicals is decreasing the pollution and encouraging industries and consumers to maintain a clean and green environment.

o   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.

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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What can you expect from the report?

The electroplating market is prepared with the main agenda to cover the following 20 points:

 

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue &                                                                                                      Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

 

Frequently Asked Questions:

 

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

 

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.

 

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.


[1]https://www.maiervidorno.com/india-to-be-next-big-electronics-manufacturing-hub/