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NEW YORK, December 2, 2021 / PRNewswire / – The Electroplating Market report offers insight into several vendors in the market, including Arkema SA, Axalta Coating Systems Ltd., BASF SE, DuPont de Nemours Inc., KCC Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., Shimizu Corp., The Sherwin-Williams Co. and Valmont Industries Inc., among others. The electroplating market is fragmented, and suppliers deploy growth strategies such as product innovations to compete in the market. The electroplating market is expected to grow by $ 1.44 billion from 2020 to 2025, at a 6.52% CAGR. The report also sheds light on new opportunities and challenges that market players can expect.
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Electroplating market: pilot
Strong demand for APAC electroplated coating applications to stimulate growth
The automotive industry is the largest end user industry for the global electroplating market. The global auto industry is expected to grow significantly during the forecast period. Rising disposable income for consumers in developing economies has boosted demand for automobiles. Several automakers are establishing their manufacturing plants in developing countries to meet increased demand.
Electroplating Market: Challenge
Strict regulatory clearances are required for production and application to impede growth
The electroplating industry works under very sophisticated regulatory policies given by regulatory authorities. There are several regulations and sets of approvals are required for the production and application of electroplated coating products. Production and application require several regulatory approvals such as approvals for air, water, solid and hazardous waste, health and safety. The numerous regulatory requirements and mandate approvals are likely to restrain the growth of the electroplating market.
Electroplating Market: Segmentation Analysis
This market research report segments the electroplating market through Type (cathodic electrolytic coating and anodic electrolytic coating), Application (automobiles, heavy equipment, household appliances and others), and Geography (APAC, Europe, North America, MEA and South America).
43% of market growth will come from APAC. China and India are the key markets for APAC plating. The rapid industrialization and development of the automotive industry will facilitate the growth of the APAC electroplating market.
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Some of the main topics covered in the report include:
Market challenges
Market factors
Market trends
Supplier landscape
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Scope of electroplating market |
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Cover of the report |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth dynamics and CAGR |
Accelerate to a CAGR of 6.52% |
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Market growth 2021-2025 |
$ 1.44 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
6.24 |
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Regional analysis |
APAC, Europe, North America, MEA and South America |
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Efficient contribution to the market |
43% APAC |
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Main consumer countries |
China, Germany, United States, India and France |
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Competitive landscape |
Leading companies, competitive strategies, reach of consumer engagement |
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Profiled companies |
Arkema SA, Axalta Coating Systems Ltd., BASF SE, DuPont de Nemours Inc., KCC Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., Shimizu Corp., The Sherwin-Williams Co. and Valmont Industries Inc. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period. |
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Customization |
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments. |
About Technavio
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.
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Website: www.technavio.com/
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