Report : Asia Pacific Electroplating Market Forecast to 2030 - Regional Analysis - by Metal (Gold, Silver, Copper, Nickel, and Others), Type (Barrel Plating, Rack Plating, Continuous Plating, and Line Plating), and End-Use Industry (Automotive, Electrical & Electronics, Aerospace & Defense, Medical, and Others)
At 4.4% CAGR, Asia Pacific Electroplating Market is Projected to be Worth US$ 62,421.23 Million by 2030, says Business Market Insights
According to Business Market Insights research, the Asia Pacific electroplating market was valued at US$ 44,378.99 million in 2022 and is expected to reach US$ 62,421.23 million by 2030, registering a CAGR of 4.4% from 2022 to 2030. Increasing use of electroplating on plastics and ongoing industrialization across the globe are among the critical factors attributed to the Asia Pacific electroplating market expansion.
Increasing adoption of plating on plastics provides an effective solution in a wide range of applications, especially in the automotive and electronics industries. Furthermore, there is a high demand for plating on plastic in the automotive industry owing to its lightweight, cost-effectiveness, and corrosion resistance. Additionally, the utilization of plastics in the automotive industry is rising to offer lightweight solutions. With the increasing popularity of plastic composites, the requirement for plating plastics with metals is rising in the industry to enhance the appearance and quality of the material and provide electrical conductivity to a nonconductive plastic surface. There are two methods to plate plastic. The first method is to roughen the surface to allow the metal to adhere. Then, electroplate over that layer to build up layers of metal. The process is called electroless, auto catalytic, or chemical plating. The second method is to apply conductive paint to the plastic and then electroplate it. Global market players such as DuPont are offering high-performing, environmental-friendly plating on plastic surfaces. DuPont’s decades of expertise in surface preparation and investment in novel technology enable the development of value-added products and processes for plating plastics.
On the contrary, regulations by various authorities upon electroplating hamper the growth of Asia Pacific electroplating market.
Based on metal, the Asia Pacific electroplating market is segmented into gold, silver, copper, nickel, and others. The nickel segment held 29.3% share of Asia Pacific electroplating market in 2022, amassing US$ 13,021.51 million. It is projected to garner US$ 18,519.85 million by 2030 to expand at 4.5% CAGR during 2022–2030.
In terms of type, the Asia Pacific electroplating market is categorized into barrel plating, rack plating, continuous plating, and line plating. The barrel plating segment held 34.5% share of Asia Pacific electroplating market in 2022, amassing US$ 15,327.92 million. It is projected to garner US$ 22,415.63 million by 2030 to expand at 4.9% CAGR during 2022–2030.
Based on end-use industry, the Asia Pacific electroplating market is segmented into automotive, electrical and electronics, aerospace, and defense, medical, and others. The electrical and electronics segment held 32.2% share of Asia Pacific electroplating market in 2022, amassing US$ 14,301.37 million. It is projected to garner US$ 21,156.31 million by 2030 to expand at 5.0% CAGR during 2022–2030.
By country, the Asia Pacific electroplating market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 44.0% share of Asia Pacific electroplating market in 2022. It was assessed at US$ 19,513.44 million in 2022 and is likely to hit US$ 28,601.44 million by 2030, exhibiting a CAGR of 4.9% during 2022–2030.
Key players operating in the Asia Pacific electroplating market are Atotech Deutschland GmbH & Co KG, Dr Ing Max Schlotter GmbH & Co KG, Jing Mei Industrial Ltd, Toho Zinc Co Ltd, and Cherng Yi Hsing Plastic Plating Factory Co Ltd, among others.
- In November 2023, Grand Venture Technology plans to acquire surface treatment specialist, ACP Metal Finishing, for US $17 million.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com