The latest report by IMARC Group, titled “Electroplating Market Report by Type (Barrel Plating, Rack Plating, Continuous Plating, Line Plating), Metal Type (Gold, Zinc, Platinum, Copper, Nickel, Chromium, and Others), End Use Industry (Automotive, Electrical and Electronics, Aerospace and Defense, Jewelry, Industrial Machinery, and Others), and Region 2024-2032“, The global electroplating market size reached US$ 16.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
Electroplating is a widely used industrial process that involves depositing a thin layer of metal onto the surface of another object, typically made of a different metal or material. It serves various purposes, including enhancing the appearance, corrosion resistance, and durability of the object being plated. The process of electroplating typically involves several key components: an object to be plated (the substrate), a metal electrode (usually composed of the plating material), an electrolyte solution, and an electrical power source. The substrate is immersed in the electrolyte bath, while the metal electrode is also placed in the solution. When an electrical current is applied, metal ions from the electrode are reduced and deposited onto the substrate's surface, forming a uniform and adherent metal layer. It is widely used for providing corrosion protection for automotive parts or improving the electrical conductivity of connectors and electronic components. At present, electroplating finds extensive applications in the automotive, electronics, aerospace, and jewelry manufacturing industries across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/electroplating-market/requestsample
Electroplating Market Trends and Drivers:
The global electroplating market is primarily driven by the rising demand for corrosion-resistant coatings on metal components due to the expanding automotive and aerospace sectors. Electroplating provides a cost-effective and efficient solution to enhance the durability and appearance of parts, accelerating its adoption. Apart from this, the increasing reliance of the electronics and semiconductor industries on electroplating for the precise deposition of metals, such as copper and gold, on microelectronics, which is essential to produce smaller and more powerful electronic devices, has catalyzed market growth. Moreover, the heightened focus on sustainable manufacturing processes and the development of environmentally friendly plating solutions are propelling market growth. Besides this, the ongoing expansion of the jewelry and luxury goods industry that relies on electroplating to provide attractive finishes has catalyzed market growth. Furthermore, ongoing advancements in medical devices and the escalating need for biocompatible coatings expand the applications of electroplating applications in the healthcare sector, thus contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Barrel Plating
- Rack Plating
- Continuous Plating
- Line Plating
Metal Type Insights:
- Gold
- Zinc
- Platinum
- Copper
- Nickel
- Chromium
- Others
End Use Industry Insights:
- Automotive
- Electrical and Electronics
- Aerospace and Defense
- Jewelry
- Industrial Machinery
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Allied Finishing Inc.
- Atotech Ltd. (MKS Instruments Inc.)
- Bajaj Electroplaters
- herng Yi Hsing Plastic Plating Factory Co. Ltd.
- Jing Mei Industrial Ltd.
- Klein Plating Works Inc.
- Peninsula Metal Finishing Inc.
- Precision Plating Company Inc. (Aalberts N.V.)
- Sharretts Plating Company Inc.
- Summit Plating
- Toho Zinc Co. Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
English