Electroplating Market Analysis, Trends, and Scope 2023 to 2030
Electroplating Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 72.91 Billion |
Market Size by 2030 | US$ 99.81 Billion |
Global CAGR (2022 - 2030) | 4.0% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Metal
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
Lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries across the world. The crisis disturbed supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. These disruptions restricted the availability of raw materials. It caused delays in production and increased costs, negatively impacting the electroplating market.
The global marketplace is recovering from the losses as governments of different countries have announced relaxation in the restrictions. Manufacturing activities are rebounding as countries gradually recover from the pandemic and vaccination efforts continue. Manufacturers are permitted to operate at full capacity to overcome the supply gap. Thus, the global electroplating market is anticipated to grow strongly during the forecast period.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Allenchrome Electroplating Ltd; Atotech; Dr.-Ing. Max Schlötter GmbH & Co. KG; Jing Mei Industrial Limited.; Klein Plating Works Inc; Precision Plating Company; Sharretts Plating Co., Inc.; Summit Corporation of America; Toho Zinc Co., Ltd; and Cherng Yi Hsing Plastic Plating Factory Co., Ltd are a few of the major players operating in the global electroplating market.