North America Electroplating Market Outlook 2022 – Huge Growth, Trends, Revenue and In-depth Analysis 2027 - Digital Journal

2022-09-10 13:40:23 By : Mr. Bob Wang

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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.

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key companies profiled in this research study are:

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.

North America Electroplating Market Segmentation:

North America Electroplating Market, by Metal:

North America Electroplating Market – by Type:

North America Electroplating Market – by End User Industry:

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