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North America Electroplating Market Forecast to 2030
North America 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)
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Description
Increasing Use of Electroplating on Plastics Fuels North America Electroplating Market
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.
North America Electroplating Market Overview
The North America region comprises developed economies such as the U.S. and Canada as well as Mexico as a developing nation. The companies are continuously enhancing their overall business processes to meet the customers’ demands in the best possible way. Several domestic and international companies operating in the electroplating market have a strong foothold in the North American region. In this region, the United States is a major market for electroplating, followed by Canada, along with Mexico. The North America region largely supports the growth of the electroplating market through effective manufacture and trade policies. Electroplating is basically a process of applying a metal coating on another piece of metal through an electro-deposition process. In the electroplating process, the deposited metal becomes part of the existing product with the plating/coating. In electroplating, both the anode and the cathode (the metal part to be coated) are mainly immersed in an electrolytic bath, which is composed of a solution of salts, including the metal to be plated. A direct current (DC) is passed through the solution, affecting the transfer of metal ions onto the cathodic surface, plating the metal onto the item. Electroplating mainly comes with several material capabilities. The materials utilized in the plating (coating) process mainly depend on the composition of the plating bath as well as the deposition conditions. Here are the most utilized materials: Nickel, Chromium, Palladium or Palladium Nickel Alloy, Black nickel/chromium, Gold, Silver, Copper, Tin, Platinum, Ruthenium, Cadmium, Brass, and Zinc.
Electroplating is widely used in industries, including automotive, electrical & electronics, aerospace, and defense, medical, and others, also used in decorative arts to improve the surface qualities of objects—such as resistance to abrasion and corrosion, lubricity, reflectivity, electrical conductivity, or appearance. The growth of the above-mentioned industries in this region and the extensive use of electroplating in various products are influencing the market growth. A good example to show the purpose of electroplating is an application in the medical devices industry. A lot of components for medical devices are created with nickel. Nickel, however, is not supposed to come into direct contact with the human body. So, to prevent that contact from occurring, a coating of palladium or gold is applied to the nickel surface. Plating and metal finishing for cars and motorcycles is not limited to electroplating. A process known as electroless plating, which involves the deposition of metal onto a substrate without the introduction of an electric current, is widely used in many automotive manufacturing applications. Zinc plating has played a significant role, mainly in the automotive industry for many years. Specifically, zinc and zinc-nickel alloys are often plated onto parts, including braking system and transmission components, chassis hardware, and various engine parts to protect against corrosion. Plating and metal finishing for cars and motorcycles is not limited to electroplating. A process known as electroless plating, which involves the deposition of metal onto a substrate without the introduction of an electric current, is widely used in many automotive manufacturing applications.
North America Electroplating Market Revenue and Forecast to 2030 (US$ Million)
North America Electroplating Market Segmentation
The North America electroplating market is segmented into metal, type, end-use industry, and country .
Based on metal , the North America electroplating market is segmented into gold, silver, copper, nickel, and others. The nickel segment held the largest share of the North America electroplating market in 2022.
In terms of type , the North America electroplating market is categorized into barrel plating, rack plating, continuous plating, and line plating . The barrel plating segment held the largest share of the North America electroplating market in 2022.
Based on end-use industry , the North America electroplating market is segmented into automotive, electrical & electronics, aerospace & defence, medical, and others. The electrical & electronics segment held the largest share of the North America electroplating market in 2022.
Based on country, the North America electroplating market is segmented into the US, Canada, and Mexico. The US dominated the North America electroplating market in 2022.
Atotech Deutschland GmbH & Co. KG; Jing Mei Industrial Ltd; Klein Plating Works, Inc.; Precision Plating Co; Sharretts Plating Co Inc; Summit Corp of America; and Cherng Yi Hsing Plastic Plating Factory Co., Ltd. are some of the leading companies operating in the North America electroplating market.
Summary Info
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According to the Research Team research, the North America electroplating market was valued at US$ 10,326.75 million in 2022 and is expected to reach US$ 13,439.01 million by 2030, registering a CAGR of 3.3% from 2022 to 2030. Implementation of innovative and environmental-friendly techniques and ongoing industrialization worldwide are among the critical factors attributed to the North America electroplating market expansion.
Many manufacturers are using an alternative process of electroplating. Some manufacturers are adopting the dry process over the wet process since it reduces exposure to workers and lowers waste production. Moreover, the shifting preference of manufacturers toward water-based cleaning agents over organic ones and the growing focus of most manufacturers to develop innovative waste management techniques can accelerate the demand for electroplating. Sludge contains a high level of metals, which is a highly hazardous waste. Hence, it is required to be handled with care for metal recovery. Therefore, many manufacturers are adopting waste management techniques to manage hazardous waste release into the environment. Also, the service providers have embraced the implementation of green chemicals, cleaner and greener technologies, waste management, and recycling techniques as probable solutions. All these factors can open new opportunities for the electroplating market during the forecast period.
On the contrary, regulations by various authorities upon electroplating hamper the growth of North America electroplating market.
Based on metal, the North America electroplating market is segmented into gold, silver, copper, nickel, and others. The nickel segment held 32.9% share of North America electroplating market in 2022, amassing US$ 3,396.36 million. It is projected to garner US$ 4,477.57 million by 2030 to expand at 3.5% CAGR during 2022–2030.
In terms of type, the North America electroplating market is categorized into barrel plating, rack plating, continuous plating, and line plating. The barrel plating segment held 34.5% share of North America electroplating market in 2022, amassing US$ 3,566.73 million. It is projected to garner US$ 4,824.41 million by 2030 to expand at 3.8% CAGR during 2022–2030.
Based on end-use industry, the North America 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 North America electroplating market in 2022, amassing US$ 3,327.85 million. It is projected to garner US$ 4,560.60 million by 2030 to expand at 4.0% CAGR during 2022–2030.
By country, the North America electroplating market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 76.4% share of North America electroplating market in 2022. It was assessed at US$ 7,884.47 million in 2022 and is likely to hit US$ 10,353.32 million by 2030, exhibiting a CAGR of 3.5% during 2022–2030.
Key players operating in the North America electroplating market are Atotech Deutschland GmbH & Co. KG; Jing Mei Industrial Ltd; Klein Plating Works, Inc.; Precision Plating Co; Sharretts Plating Co Inc; Summit Corp of America; and Cherng Yi Hsing Plastic Plating Factory Co., Ltd. among others.
In March 2018, Summit acquired torpedo Specialty Wire. The assets and the processes obtained through torpedo Wire have helped the company grow capabilities while maintaining an inspiring environment that yields positive outcomes for its valued clients and staff alike. The company believes this acquisition will translate into even greater service value. It will continue its goal of being a world-leading supplier for Wire Electroplating, Continuous Plating, Individual Parts Plating, and more.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in North America electroplating market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electroplating Market Landscape
4.1 Overview
4.2 Porter’s Analysis
4.2.1 Threats of New Entrants
4.2.2 Threat of Substitutes
4.2.3 Bargaining Power of Buyers
4.2.4 Bargaining Power of Suppliers
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Electroplating Companies
4.3.3 End Use
4.3.4 List of Vendors in the Value Chain
5. North America Electroplating Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Ongoing Industrialization Worldwide
5.2 Market Restraints
5.2.1 Regulations by Various Authorities Related to Electroplating
5.3 Market Opportunities
5.3.1 Implementation of Innovative and Environmental-friendly Techniques
5.4 Future Trends
5.4.1 Increasing Use of Electroplating on Plastics
5.5 Impact of Drivers and Restraints:
6. Electroplating Market – North America Market Analysis
6.1 Overview
6.2 Electroplating Market Revenue (US$ Million), 2020–2030
6.3 Electroplating Market Forecast Analysis
7. North America Electroplating Market Analysis – by Metal
7.1 Gold
7.1.1 Overview
7.1.2 Gold: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Silver
7.2.1 Overview
7.2.2 Silver: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Copper
7.3.1 Overview
7.3.2 Copper: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Nickel
7.4.1 Overview
7.4.2 Nickel: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Electroplating Market Analysis – by Type
8.1 Barrel Plating
8.1.1 Overview
8.1.2 Barrel Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Rack Plating
8.2.1 Overview
8.2.2 Rack Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Continuous Plating
8.3.1 Overview
8.3.1.1 Continuous Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Line Plating
8.4.1 Overview
8.4.2 Line Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Electroplating Market Analysis – by End-use Industry
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Electrical and Electronics
9.2.1 Overview
9.2.2 Electrical and Electronics: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Aerospace and Defense
9.3.1 Overview
9.3.2 Aerospace and Defense: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Medical
9.4.1 Overview
9.4.2 Medical: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Electroplating Market – Country Analysis
10.1 North America Market Overview
10.1.1 North America: Electroplating Market, By Key Country – Revenue 2022 (US$ Million)
10.1.2 North America: Electroplating Market – Revenue and Forecast Analysis – by Country
10.1.2.1 North America: Electroplating Market – Revenue and Forecast Analysis – by Country
10.1.2.2 United States: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.2.1 United States: Electroplating Market Breakdown, by Metal
10.1.2.2.2 United States: Electroplating Market Breakdown, by Type
10.1.2.2.3 United States: Electroplating Market Breakdown, by End-use Industry
10.1.2.3 Canada: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.3.1 Canada: Electroplating Market Breakdown, by Metal
10.1.2.3.2 Canada: Electroplating Market Breakdown, by Type
10.1.2.3.3 Canada: Electroplating Market Breakdown, by End-use Industry
10.1.2.4 Mexico: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.4.1 Mexico: Electroplating Market Breakdown, by Metal
10.1.2.4.2 Mexico: Electroplating Market Breakdown, by Type
10.1.2.4.3 Mexico: Electroplating Market Breakdown, by End-use Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Atotech Deutschland GmbH & Co KG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Jing Mei Industrial Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Klein Plating Works Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Precision Plating Co
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.5 Sharretts Plating Co Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Summit Corp of America
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Cherng Yi Hsing Plastic Plating Factory Co Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
13. Appendix
13.1 About the the Reporting Teams
13.2 Glossary
Table 1. Electroplating Market Segmentation
Table 2. List of Vendors
Table 3. Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Electroplating Market – Revenue and Forecast to 2030 (US$ Million) – by Metal
Table 5. Electroplating Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 6. Electroplating Market – Revenue and Forecast to 2030 (US$ Million) – by End-use Industry
Table 7. North America: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 8. United States: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 9. United States: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 10. United States: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 11. Canada: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 12. Canada: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 13. Canada: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 14. Mexico: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Metal
Table 15. Mexico: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 16. Mexico: Electroplating Market – Revenue and Forecast to 2030(US$ Million) – by End-use Industry
Table 17. Glossary of Terms, Electroplating Market
Figure 1. Electroplating Market Segmentation, by Country
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: Electroplating Market
Figure 4. Electroplating Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Electroplating Market Revenue (US$ Million), 2020–2030
Figure 7. Electroplating Market Share (%) – by Metal (2022 and 2030)
Figure 8. Gold: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Silver: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Copper: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Nickel: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Electroplating Market Share (%) – by Type (2022 and 2030)
Figure 14. Barrel Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Rack Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Continuous Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Line Plating: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Electroplating Market Share (%) – by End-use Industry (2022 and 2030)
Figure 19. Automotive: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Electrical and Electronics: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Aerospace and Defense: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Medical: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Others: Electroplating Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. North America: Electroplating Market, By Key Country – Revenue 2022 (US$ Million)
Figure 25. North America: Electroplating Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 26. United States: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 27. Canada: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
Figure 28. Mexico: Electroplating Market – Revenue and Forecast to 2030(US$ Million)
The List of Companies – North America Electroplating Market
o Atotech Deutschland GmbH & Co. KG
o Jing Mei Industrial Ltd
o Klein Plating Works, Inc.
o Precision Plating Co
o Sharretts Plating Co Inc
o Summit Corp of America
o Cherng Yi Hsing Plastic Plating Factory Co., Ltd.
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