Press Release

Cabinet Organizers are Expected to Dominate the Global Electroplating Market.

According to TechSci Research report, “Global Electroplating Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028. The Global Electroplating is anticipated to project robust growth in the forecast period with a CAGR of 3.5% through 2028. Electroplating is a process that uses an electrical current to deposit material on a workpiece. It is a method by which a thin layer of metal is deposited on a workpiece known as the substrate. The primary use of electroplating is to modify an object's physical properties. The change in the physical properties is done in order to provide the object with aesthetic appeal, increase wear resistance, increase thickness and provide protection against corrosion. Market growth can be attributed to the burgeoning demand for consumer goods made of metal. The increasing adoption of electroplating across different vertical industries, such as the automotive and aerospace industries and defense, among others, are other factors that contribute significantly to stimulating market growth.

Consequently, the COVID-19 pandemic has had a significant negative impact on people's lives and their employment. To stop the spread of the sickness and prevent the exploitation of healthcare systems, governments of several nations have closed borders, mandated cross-border isolations, and taken physical eradication measures. Additionally, the safety and well-being of the workforce should have been the top priority. However, organizations are currently focusing on the pandemic's financial effects and developing strategies to overcome the limitations brought on by its spread.

Since the COVID-19 pandemic spread, the typical percentage of several sectors, such as metals and hardware, has usually decreased, and individual companies have lost up to half of their fair value. This has had a significant impact on the electroplating sector, and various contemporary applications have shown decreasing interest. The Asia-Pacific region is projected to hold a large market share in high consumer electronics production, coupled with rapid industrialization in major developing economies and the presence of a substantially large manufacturing sector in major countries such as China and India, among others.

Browse over xx market data Figures spread through 188 Pages and an in-depth TOC on " Global Electroplating Market.

Although the Electroplating Market is growing rapidly, environmental concerns related to this technique are hampering the growth of the market during the forecast period. Electroplating operations, including heavy metals and cyanide, can produce emissions of toxic air pollutants. Furthermore, toxic air pollutants and volatile organic compounds (VOC) are released by degreasing and cleaning solutions. Cyanide is a key component of plating solutions that affect the nervous system, heart, and lungs. In order to curb the emission of harmful chemicals and gases that are released into the atmosphere throughout the electroplating process, the governments of several countries are imposing certain electroplating industry regulations. This is likely to be a major obstacle for the Electroplating Market.

Factors contributing significantly to stimulating market growth are the increasing adoption of electroplating across various vertical industries, such as the automotive and aerospace industries and defense, among others. Chrome reduces rust risk and improves the strength of the base material. By reducing friction to prolong the life of a machine, it offers elevated lubricity. Not only does chrome prevent wear on the machine, it also delivers extra performance. With a decreased risk of overheating, less friction implies smoother operation. Electroplating allows manufacturers to use cheap metals such as steel or zinc for the majority of the product in machine parts and components, and then apply different metals on the outside to account for the appearance, protection and other properties required for the product of the machine. Without breaking the torque tolerance, electroplating can strengthen machinery parts and components.


Key market players in the Global Electroplating Market are following: -

  • Atotech (Germany)
  • Sharretts Plating Company (US)
  • Sheen Electroplaters Pvt Ltd (India)
  • Allenchrome (England)
  • Summit Corporation of America (US)
  • Precision Plating Co. (US)
  • TOHO ZINC CO.LTD (Japan)


Download Sample Report

Customers can also request for 10% free customization on this report.


“The automotive industry is one of the largest consumers of electroplating technology that utilizes all the zinc to gold electroplating process available. Plastic electroplating is also used in modern automobiles for chrome-plating the lightweight parts. Palladium plating is used in the manufacture of catalytic converters because of its ability to absorb excess hydrogen. In the automotive industry, manufacturers are always looking for ways to protect their goods from the relentless forces of corrosion. In addition to the rapid growth of the automotive industry, the galvanising technique is widely used in various automotive components. Several automotive companies are investing in vehicle body electroplating units with corrosion and rust resistant material layers. In addition, advanced electroplating techniques are provided by several companies. For instance, Techmetals offers solutions such as Electroless Nickel (EN), that can optimize resistance to corrosion and wear passing over 1,000 hours of salt spray testing and they also provide anodizing for parts found on brake calipers and body frames.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.


Electroplating Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Product Type (Cabinet Organizers/Drawer Organizers, Food Storage, Pantry Organizers, Sink & Under Sink, Dinnerware & Serving Storage, Others), By Material Type (Plastic, Metal, Glass & Crystal, Wood, Others), By Region, Competition 2018-2028 has evaluated the future growth potential of Global Electroplating Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Electroplating Market.


Contact

TechSci Research LLC

420 Lexington Avenue,

Suite 300, New York,

United States- 10170

M: +13322586602

Email: [email protected]

Website: https://www.techsciresearch.com

 

Relevant News