Europe 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: 109
Market Introduction
Europe is estimated to register the fastest CAGR in the market over the forecast period. Europe is likely to account for a remarkable share of the electroplating market during the forecast period. Germany contributed to the largest share in the Europe 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 Europe. Germany 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 Europe electroplating market is expected to grow from US$ 3,670.85 million in 2019 to US$ 5,067.51 million by 2027; it is estimated to grow at a CAGR of 4.2% 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 Europe. Most of the countries in the region are under lockdown, which is impacting the electroplating market. Germany has the highest number of confirmed cases of the COVID-19 infection among all European countries. This is likely to impact the chemical and material 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 Europe 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, Allenchrome Electroplating Ltd, Dr.-Ing. Max Schlötter GmbH & Co. KG, Jing Mei Industrial Limited (JMI), Klein Plating Works Inc.
Reasons to Buy Report
- Understand the Europe 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 Europe
- Efficiently plan mergers and acquisitions, and partnership deals in the Europe 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
Europe Electroplating Market Segmentation
Europe Electroplating Market, by Metal
- Gold
- Silver
- Copper
- Nickel
- Others
Europe Electroplating Market – by Type
- Barrel Plating
- Rack Plating
- Continuous Plating
- Line Plating
Europe Electroplating Market – by End User Industry
- Automotive
- Electrical and Electronics
- Aerospace and Defense
- Medical
- Others
Company Profiles
- Atotech
- Allenchrome Electroplating Ltd
- Dr.-Ing. Max Schlötter GmbH & Co. KG
- Jing Mei Industrial Limited.
- Klein Plating Works Inc