The global electroplating market is estimated to be USD 13 billion in 2019 and is projected to surpass USD 15 billion by 2026, at a CAGR of greater than 3%. The growth of this market is expected to be driven by the cost reduction and varied applications of electroplating for numerous industries.
Electroplating is a hydrolysis procedure that utilizes an electric flow to reduce metal cations such that they form a flimsy metal covering on an electrode. The cathode would be the piece to be plated and the anode would be either a sacrificial anode or chemically stable anode, normally either platinum or graphite. There are a wide range of metals that can be utilized in plating thus deciding the correct electrolyte is significant for the nature of plating. The electrolytes are as acids, bases, and metal salts. Surface readiness is significant on the grounds that contamination negatively affects deposition quality. It is essentially utilized either to change the surface properties of an item or to develop the thickness of small parts. Electroplating permits makers to utilize modest metals, for example, steel or zinc for most of the item and at that point apply various metals outwardly to represent appearance.
Market Trends, Drivers, Restraints, and Opportunities:
The major key players in the global electroplating market are Kuntz Electroplating Inc., Interplex Industries Inc., Peninsula Metal Finishing Inc., Roy Metal Finishing, J & N Metal Products LLC, Allied Finishing Inc., Pioneer Metal Finishing, Atotech Deutschland GmbH, Roy Metal Finishing, Sharretts Plating Co. Inc., and Bajaj Electroplaters. The major players are continuously involved in activities of merger & acquisitions, new product developments, and marketing strategies to create an edge in the market.
In February 2020, Kuntz Electroplating Inc. sponsored an event named Be Rare. Be YOU! Day organized Canadian Fabry Association for people suffering from rare diseases.
In September 2018, a Dutch technology company named Aalberts Industries N.V. acquired Roy Metal Finishing Co. Inc., an electroplating company based in the U.S.
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Segments Covered In This Report:
Global Electroplating Market: Metal Type Segment Analysis
Global Electroplating Market: End-Use Industry Segment Analysis
Global Electroplating Market: Regional Insights Analysis
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Table of Content:
Chapter 1. Preface
1.1. Report Description and Scope
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
Chapter 2. Executive Summary
2.1. Electroplating Market, 2016-2025 (USD Million)
2.2. Electroplating Market: Snapshot
Chapter 3. Electroplating Market – Industry Analysis
3.1. Electroplating Market: Market Dynamics
3.2. Market Drivers
3.2.1. Driver 1
3.2.2. Driver 2
3.3.1. Restraint 1
3.3.2. Restraint 2
3.4.1. Government funding and support
3.5. Porter’s Five Forces Analysis
3.6. Market Attractiveness Analysis
3.6.1. Market attractiveness analysis By Metal Type
3.6.2. Market attractiveness analysis By End-Use Industry
3.6.3. Market attractiveness analysis by Region
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