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Electroplating Global Market Report 2024 - By Demand, Size, Share, Trends, Forecast To 2033
Electroplating Market
As per the report, the electroplating market size has grown steadily in recent years. It will grow from $14.06 billion in 2023 to $14.70 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The electroplating market size is expected to see steady growth in the next few years. It will grow to $16.89 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%.
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Consumer Electronics Demand Propels Electroplating Market Expansion
The growing demand for consumer electronics products is expected to propel the growth of the electroplating market going forward. Consumer electronics refers to electronic devices intended for everyday use by individuals, encompassing products such as TVs, smartphones, and personal computers. Rising disposable incomes and a growing emphasis on connectivity and convenience drive the increasing demand for consumer electronics products. Consumer electronics utilize electroplating to enhance the durability and conductivity of components, such as connectors and circuitry, by depositing a thin layer of metal. For instance, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, total consumer electronics production in Japan reached $213.39 million (¥32,099 million) in May 2023, compared to $155.79 million (¥23,425 million) in January 2023. Therefore, the growing demand for consumer electronics products is driving the growth of the electroplating market.
Advancements In Electroplating Technology With Dripless Innovation For Efficiency And Sustainability
Major companies operating in the electroplating market are focused on developing technological advancements, such as dripless technology, to improve efficiency and reduce environmental impact in metal coating processes. It minimizes chemical waste, enhances precision, and improves resource efficiency by preventing excess solution dripping during the coating process. For instance, in June 2022, SIFCO ASC, a US-based provider of selective electroplating, launched the Advanced Solution Control System (ASCS), a new portable all-in-one plating system featuring dripless technology. This system allows all chemical solutions to flow and vacuum through SMART tools before being recycled, creating a cleaner and safer working environment. It is portable, enhancing productivity and reducing ergonomic risks for operators. It also focuses on automation to optimize cycle times, increase repeatability, and minimize human errors.
The electroplating market covered in this report is segmented -
1) By Type: Copper, Tin, Nickel, ZInc., Chromium, Gold, Silver, Platinum, Other Types
2) By Application: Corrosion Resistance, Wear Resistance, Appearance, Solderability, Other Applications
3) By End Use: Automotive, Electronics, Aerospace, Jewelry, Industrial Machinery, Other End Uses
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Major companies operating in the electroplating market are Atotech Deutschland GmbH, Peninsula Metal Finishing Inc., Coventya Inc., Pioneer Metal Finishing LLC, Allied Finishing Inc., Erie Plating Company, Heimerle + Meule GmbH, Roy Metal Finishing, Metalor Technologies International SA, SIFCO Applied Surface Concepts, Epner Technology Inc., J & N Metal Products LLC, Columbia Chemical, Bronson Plating Company, Tawas Plating Company, Sharrets Plating Co Inc., Klein Plating Works Inc., ENS Technology Ltd., Gold Touch Inc., Precision Plating Company Inc., MacDermid Enthone Industrial Solutions (Element Solutions Inc), ECO Finishing Company, Electro-Spec Inc., Bajaj Electroplaters Pvt. Ltd., Kuntz Electroplating Inc.
Contents of the report:
1. Executive Summary
2. Electroplating Market Report Structure
3. Electroplating Market Trends And Strategies
4. Electroplating Market - Macro Economic Scenario
5. Electroplating Market Size And Growth
…..
27. Electroplating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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