Electroplating Market Is Projected To Reach Us$ 21.9 Billion By The End Of 2027

Electroplating is a popular process of plating one metal onto others by using hydrolysis. It is most commonly done for decorative the purpose or to avoid corrosion on the surface of the metal. Electroplating can be classified into silver plating, copper plating, and chromium plating. Electroplating offers protection, desirable appearance, and other special surface properties. Electroplating process is widely used across industries such as electronics, airplanes, automobiles, electronics, and jewelry. These types of products mostly have a layer of silver or gold applied for an attractive look.

The global electroplating market is projected to reach US$ 21.9 billion by the end of 2027, in terms of revenue, growing at CAGR of 3.7% during the forecast period (2019 to 2027).

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Drivers

Ongoing industrialization around the globe especially in the Asia Pacific region, along with increasing disposable income in the developed countries of Asia Pacific is fueling the demand for electroplating across electronics, automotive, and jewelry industry. According to the Coherent Market Insights analysis, Asia-Pacific is projected to register a CAGR of 4.6% due to robust demand across end-use industries. Therefore, ongoing industrialization is expected to fuel the market growth of electroplating.

Market Opportunities

Many manufacturers are changing the process of electroplating such as adopting dry process over the wet process as it reduces exposure to workers and reduce waste production. This initiative is expected to propel the market growth of electroplating. Also, shifting preference of manufacturer towards water-based cleaning agents over organic ones is also expected to foster the market growth of electroplating over the forecast timeframe.

Market Trends/Key Takeaways

Rising adoption of plating on plastic owing to technological advancement is expected to foster the market growth of electroplating. Emerging applications of plating on plastics offer an effective solution in a wide range of applications, especially in the automotive and electronics industry. Moreover, there is a high demand for plating on plastic in the automotive industry, due to its lightweight, cost-effectiveness and corrosion resistance. Therefore, the rising adoption of plating on plastic will favor market growth over the forecast timeframe.

Competitive Section

Key players active in the global electroplating market are Allied Finishing Inc., Atotech Deutschland GmbH, Interplex Holdings Pte. Ltd., Kuntz Electroplating Market Inc., Peninsula Metal Finishing Inc., Pioneer Metal Finishing, Roy Metal Finishing, Sharretts plating Co. Inc.,  J & N Metal Products LLC, and Bajaj Electroplaters

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Few Recent Developments

Strategy:

1. Allied Finishing, Inc.

• The company focuses on providing quality rack plating services by designing customized electroplating racks. This is being done with an intention to build a strong customer base which demands optimal plating for their unique and sophisticated components

2. Atotech Deutschlad Gmbh

• The company is strategically focused on strengthening its position in the electronics market, especially in the Asia Pacific region by increasing and modernizing its production capacity. For instance, the new Atotech Development Center in India is scheduled to start its operation by 2017 and provide high quality, sustainable and faster development of products and processes. The company aims to pursue its development in the Asia Pacific region that represents two-thirds of its global sales
• The company has a strong R&D facility which is dedicated to carrying out research across their global tech center network to develop new ideas for innovating new products which will lead to the growth of the business in distinct areas

3. Interplex Holdings Pte. Ltd.

• The company is continuously engaged in developing its plating quality. The company’s plating laboratories are fully equipped with state-of-the-art instruments such as ionic chromatography atomic absorption, X-ray fluorescence measuring equipment, salt spray test equipment, metallurgical microscopes, etc. to assure consistency and maintenance of high-quality plating
• The company is highly focused on providing electroplating services mainly to automotive and consumer electronics market at lowest cost solutions, thereby strengthening its customer base across the globe

Electroplating is a popular process of plating one metal onto others by using hydrolysis. It is most commonly done for decorative the purpose or to avoid corrosion on the surface of the metal. Electroplating can be classified into silver plating, copper plating, and chromium plating. Electroplating offers protection, desirable appearance, and other special surface properties. Electroplating process is widely used across industries such as electronics, airplanes, automobiles, electronics, and jewelry. These types of products mostly have a layer of silver or gold applied for an attractive look.

The global electroplating market is projected to reach US$ 21.9 billion by the end of 2027, in terms of revenue, growing at CAGR of 3.7% during the forecast period (2019 to 2027).

Get a Sample Copy + All Related Graphs & Charts:  https://www.coherentmarketinsights.com/insight/request-sample/3396

Drivers

Ongoing industrialization around the globe especially in the Asia Pacific region, along with increasing disposable income in the developed countries of Asia Pacific is fueling the demand for electroplating across electronics, automotive, and jewelry industry. According to the Coherent Market Insights analysis, Asia-Pacific is projected to register a CAGR of 4.6% due to robust demand across end-use industries. Therefore, ongoing industrialization is expected to fuel the market growth of electroplating.

Market Opportunities

Many manufacturers are changing the process of electroplating such as adopting dry process over the wet process as it reduces exposure to workers and reduce waste production. This initiative is expected to propel the market growth of electroplating. Also, shifting preference of manufacturer towards water-based cleaning agents over organic ones is also expected to foster the market growth of electroplating over the forecast timeframe.

Market Trends/Key Takeaways

Rising adoption of plating on plastic owing to technological advancement is expected to foster the market growth of electroplating. Emerging applications of plating on plastics offer an effective solution in a wide range of applications, especially in the automotive and electronics industry. Moreover, there is a high demand for plating on plastic in the automotive industry, due to its lightweight, cost-effectiveness and corrosion resistance. Therefore, the rising adoption of plating on plastic will favor market growth over the forecast timeframe.

Competitive Section

Key players active in the global electroplating market are Allied Finishing Inc., Atotech Deutschland GmbH, Interplex Holdings Pte. Ltd., Kuntz Electroplating Market Inc., Peninsula Metal Finishing Inc., Pioneer Metal Finishing, Roy Metal Finishing, Sharretts plating Co. Inc.,  J & N Metal Products LLC, and Bajaj Electroplaters

Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3396

Few Recent Developments

Strategy:

1. Allied Finishing, Inc.

• The company focuses on providing quality rack plating services by designing customized electroplating racks. This is being done with an intention to build a strong customer base which demands optimal plating for their unique and sophisticated components

2. Atotech Deutschlad Gmbh

• The company is strategically focused on strengthening its position in the electronics market, especially in the Asia Pacific region by increasing and modernizing its production capacity. For instance, the new Atotech Development Center in India is scheduled to start its operation by 2017 and provide high quality, sustainable and faster development of products and processes. The company aims to pursue its development in the Asia Pacific region that represents two-thirds of its global sales
• The company has a strong R&D facility which is dedicated to carrying out research across their global tech center network to develop new ideas for innovating new products which will lead to the growth of the business in distinct areas

3. Interplex Holdings Pte. Ltd.

• The company is continuously engaged in developing its plating quality. The company’s plating laboratories are fully equipped with state-of-the-art instruments such as ionic chromatography atomic absorption, X-ray fluorescence measuring equipment, salt spray test equipment, metallurgical microscopes, etc. to assure consistency and maintenance of high-quality plating
• The company is highly focused on providing electroplating services mainly to automotive and consumer electronics market at lowest cost solutions, thereby strengthening its customer base across the globe