Electroplating Market Analysis Will Expand at a CAGR of 3.7% from 2016 to 2026

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Over the forecast period of 2016-2026, the global market for
electroplating will expand at a modest CAGR of 3.7% as strict
environmental regulations will continue curtailing the use of this
plating technique around the world. The US$ 14.6 billion market for
electroplating is projected to rake in revenues worth over US$ 21
billion by 2026 end. ( free-pr-online.com) 

According to Future Market Insights,

Global demand for electroplating will continue to be adversely
impacted by the stern laws & regulations imposed by several
governments on large scale industrialisation of electroplating
techniques. Global environmental legislations such as the Restriction
of Hazardous Substance (RoHS) are prohibiting the adoption of
electroplating due to ecological adversities caused by disposal as
well as undue exposure to toxic metals such as lead or cadmium during
in plating processes.

Electroplating market in developed regions such as North America and
Western Europe has reached maturity or a state of equilibrium after
witnessing stagnancy in terms of growth in technological innovation
and the supply-demand chain. Over the forecast period, growth in
electroplating revenues in several parts of the world is projected to
be a sluggish pace – below 5% CAGR.

According to a recent study published by Future Market Insights,
titled “Electroplating Market: Global Industry Analysis &
Opportunity Assessment, 2016-2026,” projects that the global market
for electroplating will incur impressive expansion in the Asia-Pacific
excluding Japan (APEJ) region. Towards the close of 2026, revenues
from the APEJ electroplating market are projected to surpass US$ 5
billion, exhibiting an increment at a 4.6% CAGR over the period. While
the APEJ region is predicted to account for about 25% of global
electroplating revenues, North America and Western Europe will
continue to be at the forefront as leading regions. By 2020, North
America is estimated to close in on amassing US$ 4.4 billion revenues
from electroplating, while the global presence of Western Europe’s
electroplating market is anticipated to suffer a dip, gradually, over
the forecast period.

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Automotive and Electronics – Two Major End-Users of Electroplating

Manufacturers of electronic products and electrical devices &
components are obligated to use electroplating techniques for
coherently coating metal surfaces. The rate at which electronic
products are being sold in the world effectuates a robust growth in
demand for electroplating services. In 2016 and beyond, more than
one-third of the global electroplating revenues have been estimated to
be procured from electronics & electrical industries in the world.
Automotive industries have instated units dedicated for
surface-coating purposes, a majority of which are expected to use
electroplating methods for covering vehicles’ bodies with a layer of
non-corrosive and rust-proof materials. Automotive end-use of
electroplating will showcase a lucrative incremental opportunity of an
estimated US$ 2.05 billion between 2016 and 2026.

Key Electroplating Metals – Nickel, Gold & Copper

While volatility in the price of raw metals continues to levy an
undulating impact on the growth of global electroplating market,
consumers will not cease to prefer products coated with a metallic
lustre of their choice. Gold is one of the most prominent metal being
electroplated in multiple industrial applications. High yet
fluctuating costs of gold, coupled with the growing demand for
gold-plated electronic devices and wearable accessories will add
nearly US$ 5 billion revenues in the global electroplating market
towards the end of the assessment period. However, the demand for
copper and nickel as raw metals for electroplating is projected to
surge at a faster pace, reaching a combined global market value share
of more than 60% through 2026.

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Global Electroplating Market: Key Companies

In order to churn the “mature” state of electroplating market in
developed as well as developing regions, companies offering
electroplating services must boost the influx of technological
innovations. Companies providing electroplating services can use smart
control systems to regulate the plating & processing cycles, thereby
lowering emissions and saving energy during idle times. Measures as
such can collectively limit the environmental imprint of
electroplating services and regain the market potential which is being
mapped by electroless-nickel plating and other alternative plating
methods. Companies such as Kuntz Electroplating Market Inc. Interplex
Holdings Pte. Ltd., Pioneer Metal Finishing, and Sharretts plating Co.
Inc. are recognised for being leading electroplating service providers
in the world. Other players in the global electroplating market,
profiled in the report, include, Allied Finishing Inc., Atotech
Deutschland GmbH, J & N Metal Products LLC, Bajaj Electroplaters,
Peninsula Metal Fishing Inc., and Roy Metal Finishing.

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