The global demand for Electroplating Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020- 2026.
Electroplating is defined as the process, which is responsible for the deposition of metal on the metallic or non-metallic electrode by electrolysis in an electrolytic cell. It’s a process of coating a particular metal on another metal by electrolysis to improve the corrosion resistance of the coated metal. Additionally, it is also used for decorative coating. Along with this, the end-users of electrolysis include automotive, electrical and electronics, aerospace and defense, jewellery, machinery parts and components, and home appliance.
The increasing demand for electronic devices coupled with growing telecommunication industry is primarily driving the market growth. The market is also gaining growth on account of benefits associated with the electroplating such as safeguarding against corrosion, reduce friction and wear & tear among components, increase temperature resistance, and increase material hardness. Additionally, electroplating enhances the electrical conductivity of the substrate material, the strength of brittle materials and also enhances aesthetic appearance by imparting shine and luster, which are also the factors accelerating the demand in the market. However, the emission of harmful chemicals and gases from the electroplating process is likely to restrict market growth. Whereas, the introduction of the nanotechnology process in the metal finishing industry is expected to create potential demand over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of electroplating.
The entire electroplating market has been sub-categorized into type, application, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Corrosion Protection
- Decorative Coating
- Electrical applications
- Electrical And Electronic
- Aerospace And Defense
- Machinery Parts And Components
- Home Appliance
This section covers regional segmentation which accentuates on current and future demand for electroplating market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Electroplating Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electroplating market include Allied Finishing Inc., Interplex Industries Inc., J & N Metal Products LLC, Kuntz Electroplating Inc., Peninsula Metal Finishing Inc., Pioneer Metal Finishing (PMF), Roy Metal Finishing and Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.