The Asia Pacific electroplating market is expected to grow from US$ 5,080.42 million in 2019 to US$ 7,486.10 million by 2027; it is estimated to grow at a CAGR of 5.1% from 2020 to 2027.
Electroplating or galvanic electrodeposition, is defined as an electrochemical metal finishing process in which metal ions dissolves in solution are deposited on a substrate with the help of electricity. This process helps to create a protective coating over the substrate which offers resistance over corrosion and enhance the overall appearance of the product. Under the mechanism, the electric current through a solution of the dissolved metal ions and the metal object to be plated. The process is used to plate or coat several ferrous and non-ferrous metal objects and plastics by using metals such as copper, tin, zinc, gold, palladium, platinum, silver, chromium and aluminium. Presently, major countries in Asia Pacific are under lockdown due to the COVID 19 pandemic. In the high-impact countries in the region, isolation and social distancing measures have been put in place. The lesser production of goods and commodities is hampering the growth of the Asia Pacific Electroplating market as the demand for these solutions has declined over the past couple of months. China, India amongst others have reported the highest number of confirmed cases of as the disease in this region. The outbreak and measures taken to contain the infection spread are likely to impact the food & beverages industry in the region, mainly due to disruptions in supply and distribution chain. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific electroplating market. The market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Electroplating Market Revenue and Forecast to 2027 (US$ Mn)
Asia Pacific Electroplating Market Segmentation
Asia Pacific Electroplating Market, by Metal
- Gold
- Silver
- Copper
- Nickel
- Others
Asia Pacific Electroplating Market – by Type
- Barrel Plating
- Rack Plating
- Continuous Plating
- Line Plating
Asia Pacific Electroplating Market – by End User Industry
- Automotive
- Electrical and Electronics
- Aerospace and Defense
- Medical
- Others
Asia Pacific Electroplating Market – by Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Asia Pacific Electroplating Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 5,080.42 Million |
| Market Size by 2027 | US$ 7,486.10 Million |
| CAGR (2020 - 2027) | 5.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Metal
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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