Global Metal Plating Market Size To Worth USD 151.2 Billion by 2033 | CAGR of 4.19%
Category: Chemicals & MaterialsGlobal Metal Plating Market Size To Worth USD 151.2 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Metal Plating Market is to Grow from USD 100.3 Billion in 2023 to USD 151.2 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.19% during the projected period.
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Browse key industry insights spread across 220 pages with 120 Market data tables and figures & charts from the report on the "Global Metal Plating Market Size, Share, and COVID-19 Impact Analysis, By Material (Zinc, Nickel, Gold, Bronze, Tin, and Others), By Process (Electroplating and Electroless Plating), By Application (Automotive, Machine Components, Aircraft, Medical, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/metal-plating-market
Metal plating is the process of putting a metal coating on an exterior to improve its appearance while also protecting it from wear and corrosion. Commercial decorative coatings are put on everyday objects to improve their appearance and longevity. These protective coatings are frequently utilized on tools, kitchenware, and jewellery, which can boost the metal plating market. Industrial coatings are increasingly used to improve the resilience and durability of metallic parts, allowing them to survive extreme circumstances while also protecting and reinforcing machine and car parts. This will result in an increased metal plating market over the forecast period. The need for corrosion protection and increased component toughness has boosted the use of metal plating techniques. However, the strict rules and a growing focus on sustainable practices could inhibit industry expansion.
The zinc category holds a significant market share in the anticipated timeframe.
Based on the material, the global metal plating market is divided into zinc, nickel, gold, bronze, tin, and others. Among these, the zinc category holds a significant market share in the anticipated timeframe. Zinc is one of the most affordable materials for galvanized coatings on metal substrates. Zinc is administered by dipping or spraying into a molten bath. Zinc-nickel electroplating is an acid-based coating that protects steel, cast iron, ductile iron, copper, and brass. Zinc-nickel is seen as a greener alternative to cadmium electroplating. The development of phytic acid-layered zinc oxide composite nanoparticles and their fire-retardant use in polyurethane coatings can help the segment flourish.
The electroplating segment dominated the market throughout the forecast period.
Based on the process, the global metal plating market is divided into electroplating and electroless plating. Among these, the electroplating segment dominated the market throughout the forecast period. Electroplating has the highest share due to its widespread application in a range of industries for goals such as corrosion prevention, attractive coatings, and improved electricity transfer. Electroplating is a low-cost and efficient method of depositing various metals, including chromium, nickel, and zinc. India's electroplating sector is expected to be worth Rs 12,000 crore, driven by demand for electric vehicles, batteries, and hydrogen. Globally, the business is expected to reach $30 billion by 2030.
The automobile sector dominates the market during the predicted timeframe.
Based on the application, the global metal plating market is divided into automotive, machine components, aircraft, medical, others. Among these, the automobile sector dominates the market during the predicted timeframe. Metal plating increases the appearance, robustness, and corrosion resistance of car components such as engine parts, body panels, and trim in the automotive industry. The rising demand for aesthetically beautiful and long-lasting automobiles has spurred the use of metal plating technologies in the automotive sector. The government policy to stimulate demand in the automotive manufacturing sector has a substantial impact on the growth of the metal plating market. For example, the Indian government launched a PLI initiative to support the automotive sector.
North America has the biggest share of the global metal plating market over the forecast period.
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This region's dominance can be attributed to the presence of well-known automotive, aerospace, and electronics industries, all of which heavily use metal plating services. Several national and international metal plating companies have built a significant presence in North America. The United States dominates this region's metal plating market, followed by Canada and Mexico. The North American region contributes significantly to the expansion of the metal plating sector through effective manufacturing and trade policies.
Asia-Pacific is predicted to grow fastest pace throughout the forecast period. The growth could be attributed to rapid industrialization and increased manufacturing activity in countries like China, India, and South Korea. Furthermore, the growing automotive and electronics industries in China and India are expected to increase demand for metal plating in the Asia-Pacific region.
Major vendors in the global metal plating market include Allied Finishing Inc., Atotech Deutschland GmbH, Interplex Industries Inc, Kuntz Electroplating Inc, Peninsula Metal Finishing Inc, Electro Chemical Finishing Co, Metalor Technologies International SA, Pioneer Metal Finishing, Roy Metal Finishing, Sharretts Plating Co. Inc, Perfection Plating, Inc, American Plating Co, New Brunswick Plating, Inc, MPC Plating Inc, and Others.
Recent Developments
- In April 2024, Bales Metal Surface Solutions, a finishing company in Downers Grove, Illinois, made a big investment in the future by upgrading its outdated nickel-plating lines with cutting-edge equipment. This upgrade is a tremendous step forward, expanding the company's nickel-plating capacity and giving significant benefits to its customers.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global metal plating market based on the below-mentioned segments:
Global Metal Plating Market, By Material
- Zinc
- Nickel
- Gold
- Bronze
- Tin
- Others
Global Metal Plating Market, By Process
- Electroplating
- Electroless Plating
Global Metal Plating Market, By Application
- Automotive
- Machine Components
- Aircraft
- Medical
- Others
Global Metal Plating Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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