North America Electroplating Market Forecast to 2027 – COVID-19 Impact and Analysis – By Metal (Gold, Silver, Copper, Nickel and Others), Type (Barrel Plating, Rack Plating, Continuous Plating and Line Plating) and End User Industry (Automotive, Electrical and Electronics, Aerospace and Defense, Medical and Others)
Number of Pages: 104
Market Introduction
North America is estimated to register the fastest CAGR in the market over the forecast period. North America is likely to account for a remarkable share of the electroplating market during the forecast period. US contributed to the largest share in the North America electroplating market. Rapid urbanization coupled with increased production of consumer electronics are some of the potential drivers facilitating the growth of the electroplating market in the North America. US is considered to be one of the significant markets of electroplating, in terms of production and consumption, followed by other economies Japan, India and others. Further, the growth of end use industries such as automotive, electrical and electronics, aerospace and defense, medical, jewelry and others with strong presence of leading manufacturers have significantly driven the growth of the electroplating market in the region.
Market Overview and Dynamics
The North America electroplating market is expected to grow from US$ 4,369.35 million in 2019 to US$ 6,152.42 million by 2027; it is estimated to grow at a CAGR of 4.5% 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.
COVID 19 has impacted the major countries of North America. Most of the countries in the region are under lockdown, which is impacting the electroplating market. The US has the highest number of confirmed cases of the COVID-19 infection among all North American countries. This is likely to impact the food and beverages industry in the region, mainly due disrupted supply and distribution chains.
Key Market Segments
On the basis of metal, the electroplating market is categorized into gold, silver, copper, nickel and others. On the basis of type, the barrel plating segment dominated the market of the total market share. On the basis of end use industry, the electrical and electronics segment dominated the market of the total market share.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America Electroplating market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Atotech, Jing Mei Industrial Limited, Klein Plating Works Inc, Precision Plating Company, Sharretts Plating Co., Inc, Summit Corporation of America, Sharretts Plating Co., Inc. and Cherng Yi Hsing Plastic Plating Factory Co., Ltd
Reasons to Buy Report
- Understand the North America electroplating market landscape and identify segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape in North America
- Efficiently plan mergers and acquisitions, and partnership deals in the North America electroplating market by identifying market segments with the most promising probable sales
- Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
- Obtain market revenue forecast for market by various segments for the period 2019–2027
North America Electroplating Market Segmentation
North America Electroplating Market, by Metal
- Gold
- Silver
- Copper
- Nickel
- Others
North America Electroplating Market – by Type
- Barrel Plating
- Rack Plating
- Continuous Plating
- Line Plating
North America Electroplating Market – by End User Industry
- Automotive
- Electrical and Electronics
- Aerospace and Defense
- Medical
- Others
Company Profiles
- Atotech
- Jing Mei Industrial Limited.
- Klein Plating Works Inc
- Precision Plating Company.
- Sharretts Plating Co., Inc
- Summit Corporation of America
- Cherng Yi Hsing Plastic Plating Factory Co., Ltd.