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Electroplating Market To reach 2.89 percentage CAGR by 2030

01-06-2025 08:19 PM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Electroplating Market

Electroplating Market

The ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 15.54 Bn. in 2023. Global Electroplating Market size is expected to grow at a CAGR of 2.89 % through the forecast period.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Electroplating, also referred to as galvanic electrodeposition, is a widely utilized electrochemical process designed to enhance the appearance and durability of various materials. This method involves depositing a layer of metal onto a substrate, creating a protective barrier while improving its aesthetic appeal. During the electroplating process, an electrical current passes through a solution containing dissolved metal ions and the object to be plated, facilitating the deposition of a thin metal layer onto the substrate. Metals such as gold, silver, zinc, tin, copper, aluminum, platinum, chromium, and palladium are commonly used to coat ferrous and non-ferrous metals as well as polymer materials. This process has broad applications across industries, driven by its ability to enhance properties like corrosion resistance, conductivity, and wear durability.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/70625/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The increasing adoption of electroplating in the automotive industry stands out as a major driver for market growth. Automotive manufacturers rely heavily on electroplating techniques ranging from zinc to gold plating to protect components from corrosion and improve their durability. The use of plastic electroplating to chrome-plate lightweight automotive parts is also gaining traction. Furthermore, palladium plating, valued for its hydrogen storage capabilities, is extensively used in exhaust systems. The ever-growing demand for improved aesthetics, durability, and performance in modern vehicles fuels the reliance on electroplating processes. With the automotive sector projected to expand significantly, this trend is expected to bolster the growth of the electroplating market over the forecast period.

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ:

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ: ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Vietnam is emerging as a key market for electroplating, supported by the growth of its ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  sector. Companies like ๐’๐š๐ฆ๐ฌ๐ฎ๐ง๐  ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ have expanded operations in Vietnam, boosting demand for high-quality electroplated components. The country has also seen mergers and acquisitions, such as the collaboration between ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐๐ซ๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐๐จ.1 and Japanese firms, aimed at strengthening local electroplating capabilities.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐ 

Thailand, recognized as a regional hub for ๐š๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง, has witnessed increased demand for electroplating solutions in the manufacturing of auto parts. Companies like ๐“๐ก๐š๐ข ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‚๐จ. are investing in advanced technologies to cater to domestic and export markets. The government's support through initiatives like the ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ 4.0 strategy is further fostering growth in the sector.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/70625/

๐‰๐š๐ฉ๐š๐ง: ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ

Japan leads the market in ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐ฏ๐ž ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐ญ๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ, particularly in the ๐ฌ๐ž๐ฆ๐ข๐œ๐จ๐ง๐๐ฎ๐œ๐ญ๐จ๐ซ and ๐ฉ๐ซ๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง ๐ข๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐ž๐ง๐ญ๐ฌ industries. Key players like ๐ƒ๐จ๐ฐ๐š ๐Œ๐ž๐ญ๐š๐ฅ๐ญ๐ž๐œ๐ก have introduced eco-friendly plating processes, addressing sustainability concerns. Additionally, mergers such as ๐‡๐ข๐ญ๐š๐œ๐ก๐ข ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ'๐ฌ acquisition by ๐’๐ก๐จ๐ฐ๐š ๐ƒ๐ž๐ง๐ค๐จ ๐Š.๐Š. have consolidated Japan's position in high-tech electroplating.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐จ๐ง๐ฌ๐ฎ๐ฆ๐ž๐ซ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ

South Korea's electroplating industry is strongly influenced by its ๐œ๐จ๐ง๐ฌ๐ฎ๐ฆ๐ž๐ซ ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ sector, led by giants like ๐‹๐† ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ and ๐’๐š๐ฆ๐ฌ๐ฎ๐ง๐  ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ. The country has seen significant consolidation, with ๐Š๐จ๐ซ๐ž๐š ๐๐ฅ๐š๐ญ๐ข๐ง๐  ๐‚๐จ. expanding its capabilities through strategic partnerships. Recent developments include investments in plating solutions for 5๐† ๐ญ๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐œ๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ๐ฌ.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž: ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐€๐ž๐ซ๐จ๐ฌ๐ฉ๐š๐œ๐ž ๐š๐ง๐ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐๐ฅ๐š๐ญ๐ข๐ง๐ 

Singapore is advancing as a regional hub for ๐š๐ž๐ซ๐จ๐ฌ๐ฉ๐š๐œ๐ž and ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  solutions. Companies such as ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐๐ญ๐ž ๐‹๐ญ๐. are leveraging state-of-the-art technologies to meet the needs of aerospace components. The market has also witnessed recent collaborations, including a partnership between ๐’๐“ ๐„๐ง๐ ๐ข๐ง๐ž๐ž๐ซ๐ข๐ง๐  and European counterparts for advanced plating services.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ฅ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐ 

The US electroplating market is driven by the demand for ๐ฌ๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ฅ๐ž ๐š๐ง๐ ๐ž๐œ๐จ-๐Ÿ๐ซ๐ข๐ž๐ง๐๐ฅ๐ฒ ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ. Companies like ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š๐ง ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐‚๐จ. are adopting green technologies to reduce environmental impact. The industry has seen key acquisitions, such as ๐€๐ญ๐จ๐ญ๐ž๐œ๐ก being acquired by ๐Œ๐Š๐’ ๐ˆ๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐ž๐ง๐ญ๐ฌ, further boosting innovation in the sector.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐€๐ž๐ซ๐จ๐ฌ๐ฉ๐š๐œ๐ž ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ

Europe continues to dominate in ๐š๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐š๐ž๐ซ๐จ๐ฌ๐ฉ๐š๐œ๐ž ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐ , with companies like ๐’๐จ๐ญ๐ž๐œ๐ก ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  and ๐๐š๐ฅ๐ฏ๐ž๐ซ ๐™๐ข๐ง๐ง leading the charge. Recent mergers, such as the acquisition of ๐€๐ญ๐จ๐ญ๐ž๐œ๐ก ๐†๐ฆ๐›๐‡ by ๐„๐ฅ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ, have strengthened the region's electroplating capabilities. The European Union's focus on ๐ฌ๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐ซ๐ž๐ ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ is also shaping the industry's growth trajectory.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐˜๐จ๐ฎ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž: https://www.maximizemarketresearch.com/request-sample/70625/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐๐ฅ๐ž๐š๐ฌ๐ž ๐•๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-electroplating-market/70625/

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ฉ๐ฅ๐š๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1 Atotech (Germany)
2 Sharretts Plating Company (US)
3 Sheen Electroplaters Pvt Ltd (India)
4 Allenchrome (England)
5 Summit Corporation of America (US)
6 Precision Plating Co. (US)
7 TOHO ZINC CO.LTD (Japan)
8 Dr.-Ing. Max Schlรถtter GmbH & Co. KG (Germany)
9 Klein Plating WorksInc (US)
10 Jing-Mei Industrial Ltd. (Hong Kong)
11 Allied Finishing (US)
12 Cherng Yi Hsing Plastic Plating Factory Co.Ltd (China).

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

โ™ฆ Expanded Polypropylene Foam market https://www.maximizemarketresearch.com/market-report/global-expanded-polypropylene-foam-market/93313/

โ™ฆ Golf Equipment Market https://www.maximizemarketresearch.com/market-report/global-golf-equipment-market/94361/

โ™ฆ Pressure Sensitive Adhesives Market https://www.maximizemarketresearch.com/market-report/global-pressure-sensitive-adhesives-market/27427/

โ™ฆ Well Intervention Market https://www.maximizemarketresearch.com/market-report/well-intervention-market/122187/

โ™ฆ silicon wafer market https://www.maximizemarketresearch.com/market-report/global-silicon-wafer-market/35534/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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