Global Electroplating Market Share, Growth Rate, Sales Value And Industry Production Volume by 2027, Says CMI


 

Electroplating is a common method of applying hydrolysis to one metal on another. It is mostly used for decorative purposes or to avoid corrosion on the metal surface. Electroplating can be categorized as silver plating, copper plating, and chromium plating. Electroplating ensures protection, attractive appearance and other special surface properties. Electroplating is widely used in industries such as electronics, aircraft, automobiles, electronics and jewelry. Many of these types of products have a silver or gold coating applied for an elegant look. 


By the end of 2027, the global demand for the electroplating market is projected to cross US$21.9 billion in sales, rising CAGR by 3.7% in the forecast period (2019 to 2027).


Market Opportunities


Many manufacturers are changing the electroplating process, often by introducing a dry process over a wet process, as it decreases exposure to workers and reduces waste generation. The initiative is anticipated to further fuel the growth of the electroplating market. In addition, it is also anticipated that changing the manufacturer's preference for water-based cleaning agents over organic ones would boost the increase in the demand for electroplating over the projected timeframe. 


The growing focus of manufacturers on improving waste management techniques is expected to fuel the market growth of electroplating in the coming years. As sludge containing a high quantity of metals that is highly hazardous waste, it should be treated with care for metal recovery. As a result, several manufacturers are introducing waste management strategies to monitor the disposal of hazardous waste into the environment. These factors are expected to contribute to the growth of the demand forecast for electroplating.

For More Information, Click Here:  https://www.globenewswire.com/news-release/2020/04/24/2021721/0/en/Global-Electroplating-Market-is-poised-to-reach-US-21-9-billion-by-2027-Says-CMI.html


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