Industrial Electroplating Market : Industry Review, Research, Statistics, And Growth To 2027
Market
Overview
The Global industrial
electroplating Market is projected to be valued at over USD 19.8 billion by the
end of 2025 at a CAGR of around 4% during the forecast period. The prominent
factor favoring the growth of the global market is the burgeoning demand for metal-plated
components in the automotive industry. Electroplating is the preferred process
for metal-plating in the automotive industry. Moreover, the surging demand for
metal-plated plastics in the manufacturing of various interior and exterior
automobile parts such as grilles, light bezels, wheels, emblems, door handles,
gear shift knobs, and bumpers is likely to propel the market growth during the
review period.
Competitive
Analysis
The
leading players in the global industrial electroplating Market are Precision Plating Co. (US),
Atotech (Germany), Sharretts Plating Company (US), TOHO ZINC CO., LTD (Japan),
Dr.-Ing. Max Schlötter GmbH & Co. KG (Germany), Summit Corporation of
America (US), Klein Plating Works, Inc (US), Jing Mei Industrial Ltd. (Hong
Kong), Cherng Yi Hsing Plastic Plating Factory Co., Ltd (China)Allied Finishing
(US), Allenchrome (England), and Sheen Electroplaters Pvt Ltd (India).
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Market
Segmentation
The global industrial electroplating
market has been categorized on the basis of metal, type, end-use industry, and
region.
By metal, the global market
has been divided into standard metals, precious metals, and alloys. The
standard metals segment is further categorized into tin, copper, zinc,
chromium, and others. The precious metals segment is further sub-segmented into
gold, silver palladium, platinum, and others. The standard metals segment held
the largest share of the market in 2018, with copper being the most widely used
metal owing to high electrical conductivity. Additionally, it offers excellent
corrosion resistance, which is essential in heat transfer applications.
Chromium plating is majorly used for decorative applications in the automotive
industry. The precious metals segment is expected to exhibit high growth in the
coming years on account of the rising demand for gold and palladium in the
electronics and automotive industries.
On the basis of type, the
global electroplating market has been classified into barrel plating (mass
plating), rack plating, continuous plating, line plating, and others. The
barrel plating segment held the largest market share owing to the high plating
efficiency, lower equipment cost than the other plating systems, and its
ability to process a wide variety of parts using the same equipment.
Based on end-use industry, the
global electroplating market has been categorized into automotive, electrical
& electronics, industrial machinery, jewelry, aerospace & defense,
medical, and others. The automotive industry is expected to be the leading
segment during the forecast period. This is mainly attributed to the widespread
use of electroplating to deliver corrosion resistant finished components as
well as enhance the appearance of the finished parts, such as under-the-hood
components, chassis hardware, power steering systems, brake systems, and many
others.
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