Electroplating Market Is Expected To Witness A Huge Growth Over The Forecast Period

PRESS RELEASE
Published April 17, 2023

Global Electroplating report from Global Insight Services is the single authoritative source of intelligence on Electroplating market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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KEY PLAYERS

The electroplating market report includes players such as Atotech Deutschland GMBH, Interplex Holdings Pte. Ltd., Kuntz Electroplating Inc., Pioneer Metal Finishing Inc., Roy Metal Finishing Inc., Bajaj Electroplaters, J & N Metal Products LLC, Peninsula Metal Finishing, Inc., Sharretts Plating Co. Inc, and Heimerle + Meule GmbH.

MARKET SEGMENTS

The electroplating market bifurcated on the basis of type, end use, and region. On the basis of type, it is segmented into chromium, gold, silver, and others. By end use, it is analyzed across automotive, aerospace & defense, jewelry, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

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KEY DRIVERS

The key drivers of the electroplating market are the increasing use of electroplating in the automotive industry and the growing demand for electroplating from the electronics industry.

The automotive industry is the largest end-user of electroplating, accounting for over 50% of the total demand. The growing demand for electroplated parts in automobiles is driven by the increasing use of light-weight materials, such as aluminum and magnesium, which require electroplating for corrosion resistance. In addition, the increasing demand for luxury and sports cars is driving the demand for electroplated parts, as these vehicles require a high level of finish and durability.

The electronics industry is the second largest end-user of electroplating, accounting for over 30% of the total demand. The growing demand for electroplating from the electronics industry is driven by the increasing use of printed circuit boards (PCBs) and the need for miniaturization of electronic components. In addition, the growing demand for portable electronic devices, such as smartphones and tablets, is driving the demand for electroplated parts, as these devices require a high level of finish and durability.

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