The Latest Electroplating Industry Statistics Explained
The electroplating market is anticipated to reach USD 19.8 Billion by 2026.
This statistic indicates the projected growth and size of the electroplating market, anticipating it to reach a market value of USD 19.8 billion by 2026. This suggests that the demand for electroplating services, which involve coating metal objects with a thin layer of another metal through an electrolytic process, is expected to increase over the coming years. Factors such as technological advancements, expanding automotive and electronics industries, and rising demand for durable and corrosion-resistant metal finishes are likely driving this anticipated growth in the market. The forecasted value serves as a key indicator for stakeholders in the industry to understand the market’s potential and plan strategies accordingly to capitalize on this anticipated growth.
The electrical & electronics end-use industry accounts for the largest share of the overall electroplating market.
The statistic that the electrical & electronics end-use industry accounts for the largest share of the overall electroplating market means that this specific industry sector constitutes the highest portion of the total demand for electroplating services. Electroplating is a process in which a metal coating is applied to a conductive surface, and the electrical & electronics industry relies heavily on this process to enhance the functionality, durability, and aesthetics of their products. This industry’s high demand for electroplating services indicates its importance in maintaining and enhancing the quality of electrical equipment and electronic devices, highlighting the significant role of electroplating in supporting the production and innovation within the electrical & electronics sector.
Precious metals type segment dominated the electroplating market in 2019.
The statistic that the precious metals type segment dominated the electroplating market in 2019 indicates that among all types of metals used for electroplating processes, such as gold, silver, platinum, and others, precious metals had the largest market share during that year. This suggests that there was a higher demand for precious metals in electroplating applications compared to other types of metals. The dominance of precious metals in the market could be attributed to factors such as their unique properties, high corrosion resistance, aesthetic appeal, and wide range of industrial applications. This statistic highlights the significance of precious metals in the electroplating industry and their importance in various manufacturing and industrial processes.
Asia-Pacific electroplating market accounted for 60% share globally in 2019.
This statistic indicates that the Asia-Pacific region, which includes countries such as China, Japan, South Korea, and India, held a significant market share of 60% in the global electroplating market in the year 2019. Electroplating is a surface finishing process widely used in industries such as electronics, automotive, and manufacturing to enhance the appearance, durability, and corrosion resistance of metal surfaces. The dominance of the Asia-Pacific region in this market suggests a strong presence of electroplating industries in the region, likely driven by factors such as high industrialization, technological advancements, and growing demand for electroplated products in various sectors.
The aerospace and automotive might exhibit significant growth for the electroplating market between 2021- 2026.
This statistic suggests that the aerospace and automotive industries are anticipated to experience notable expansion within the electroplating market over the period spanning from 2021 to 2026. This growth is likely driven by factors such as increasing demand for corrosion-resistant coatings, the need for enhanced surface finishing techniques in these industries, and advancements in electroplating technologies. As both the aerospace and automotive sectors require high-quality and durable surface coatings for components and parts, the electroplating market is expected to witness substantial growth as these industries continue to evolve and innovate. This projection indicates a promising outlook for companies operating in the electroplating sector, with opportunities for increased market share and revenue generation within these key industries.
Base Metals led the electroplating market, contributing to nearly 75% of the total output in 2020.
The statistic stating that Base Metals led the electroplating market by contributing to nearly 75% of the total output in 2020 reveals the dominant role that these metals played in the industry during that year. This high percentage indicates that base metals such as copper, zinc, nickel, and chrome were the primary materials used in the electroplating process, reflecting their widespread availability, cost-effectiveness, and desirable properties for coating applications. The substantial market share held by base metals suggests a significant reliance on these materials by industries utilizing electroplating techniques for enhancing the durability, corrosion resistance, and aesthetic appeal of various products.
North America is expected to grow at the highest CAGR in the electroplating market during the forecast period.
This statistic indicates that North America is projected to experience the highest Compound Annual Growth Rate (CAGR) in the electroplating market compared to other regions during the forecast period. This suggests that the demand for electroplating services and products in North America is expected to increase at a faster rate than in other regions, leading to potential opportunities for growth and expansion in the electroplating industry. Factors contributing to this growth in North America could include increasing industrial activities, technological advancements, and a growing emphasis on quality and durability in manufacturing processes. Overall, this statistic highlights North America as a key market to watch for those involved in the electroplating industry.
India, known for its huge market for two-wheelers, is seen as a potential gold consumer, which is driving the gold-plating chemicals market in the country.
The statistic highlights the strong influence of India’s significant two-wheeler market on the growth of the gold-plating chemicals industry in the country. India’s reputation for being a major consumer of two-wheelers signifies a large market with a high demand for various products and services. As a potential gold consumer, the country’s interest in gold as an investment or luxury item further drives the demand for gold-plating chemicals, which are essential in the production of gold-plated products. This connection between the two-wheeler market, gold consumption trends, and the gold-plating chemicals industry showcases the complex interplay of various sectors and consumer behaviors that contribute to market dynamics in India.
The automotive application segment holds a promising growth opportunity with over 35% revenue share in the electroplating market.
The statistic indicates that the automotive application segment is a significant contributor to the revenue generated in the electroplating market, holding a substantial share of over 35%. This suggests that there is a promising growth opportunity within this particular segment. The high revenue share implies that automotive manufacturers rely heavily on electroplating processes for various applications such as enhancing durability, improving aesthetics, and providing corrosion resistance to their products. As such, companies operating in the electroplating market may benefit from focusing on innovations and developments catering to the specific needs of the automotive industry to capitalize on this growth potential.
The aluminum electroplating segment is anticipated to rise at a CAGR of 3.7% during the forecast period.
This statistic indicates that the aluminum electroplating industry is expected to experience a Compound Annual Growth Rate (CAGR) of 3.7% over the forecast period. A CAGR of 3.7% implies that the market for aluminum electroplating is projected to grow steadily at an average annual rate of 3.7% over the specified timeframe. This growth rate suggests a positive outlook for the aluminum electroplating segment, indicating increasing demand or market expansion within the industry. Businesses and investors within this sector may use this statistic to inform their strategic planning and decision-making processes.
The U.S electroplating market size is anticipated to reach USD 6.3 billion by 2027.
The statistic indicates that the size of the U.S electroplating market is projected to grow to USD 6.3 billion by the year 2027. This forecast suggests a significant increase in the market’s value over the coming years. The growth in market size could be driven by factors such as technological advancements, increasing demand for electroplating services across various industries, and expanding applications of electroplating processes. This projection provides valuable insights for businesses operating in the electroplating industry, guiding strategic decision-making and investment opportunities to capitalize on the anticipated market growth.
Brass electroplating has seen an increase of 7% year on year as of 2019.
The statistic “Brass electroplating has seen an increase of 7% year on year as of 2019” indicates that the industry of brass electroplating has experienced a consistent growth rate of 7% each year leading up to 2019. This suggests that the demand for brass electroplating services, which involve applying a thin layer of brass onto a metal object using an electrochemical process, has been steadily rising over the years. The 7% year-on-year increase highlights the industry’s positive trend and potential for expansion, reflecting a growing market and increased adoption of brass electroplating technology in various sectors, such as manufacturing and consumer goods.
Approximately 37% of the global electroplating output is dedicated to the production of components for electronic devices.
This statistic indicates that a significant proportion, specifically around 37%, of the total global electroplating output is utilized for producing components used in electronic devices. Electroplating is a common technique in the manufacturing industry that involves depositing a thin metal layer onto a surface to enhance properties such as conductivity, corrosion resistance, and aesthetics. The high demand for electronic devices, including smartphones, laptops, and consumer electronics, has led to a substantial portion of electroplated materials being allocated to this sector. This statistic underscores the importance of electroplating in the electronics industry and highlights the widespread application of this process in meeting the technological needs of society.
Gold Electroplating is expected to grow at a CAGR of 4.8% between 2022 and 2027.
The statistic indicating that Gold Electroplating is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.8% between 2022 and 2027 suggests that the industry is projected to experience a steady increase in revenue or production over the five-year period. CAGR is a measure used to assess the annual growth rate of an investment over a specified time period, assuming that the growth happens at a steady, compounded rate. In this case, a CAGR of 4.8% implies that the Gold Electroplating industry is anticipated to expand by an average of 4.8% each year between 2022 and 2027. This indicates a positive outlook for the industry, with expectations of sustained growth and potential opportunities for investment and development within the sector.
The aerospace & defense sector contributes to over 5% of the total electroplating market revenue.
This statistic indicates that the aerospace & defense sector plays a significant role in the electroplating market by contributing more than 5% of the total revenue. Electroplating involves coating a metal object with a thin layer of another metal through an electrochemical process, providing enhanced properties such as protection against corrosion or improved aesthetics. The fact that the aerospace & defense sector accounts for over 5% of the market revenue suggests that these industries have a substantial demand for electroplating services, likely due to the need for specialized finishes, coatings, or components in their manufacturing processes. This highlights the importance of the aerospace & defense sector in driving growth and innovation within the electroplating industry.
The electroplating market in the EU expanded by 3% in terms of volume, reaching 443K tons in 2020.
The statistic indicates that the electroplating industry in the European Union experienced a 3% growth in volume in 2020, with the total volume of electroplating reaching 443,000 tons. This growth suggests an increase in the demand for electroplated products in the region, indicating a potential uptick in manufacturing activities or other industries that rely on electroplating services. The expansion in the electroplating market could be attributed to various factors such as technological advancements, increased consumer demand for electroplated products, or shifts in industrial practices. Overall, the 3% growth in the electroplating market volume highlights a positive trend in the industry within the EU in the specified period.
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