Report : Europe Electroplating Market Forecast to 2027 - COVID-19 Impact and Regional 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)
Electrical and Electronics Segment to Dominate Europe Electroplating Market during 2020–2027According to a new market research study on “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)”, the market is expected to reach US$ 5,067.51 million by 2027 from US$ 3,670.85 million in 2019; it is estimated to grow at a CAGR of 4.2% from 2020 to 2027. The report provides trends prevailing in the Europe electroplating market, and the drivers and restraints pertaining to the market growth.
The electroplating market in Europe is segmented into end user industry. Based on end-user industry, the market is segmented into automotive, electrical and electronics, aerospace and defense, medical and others. In 2019, the electrical and electronics segment held the largest share in the Europe electroplating market. Electroplating is considered to be one of the significant processes used for production of electronic components in order to increase the life span of electronics along with improving resilience and electrical conductivity, offering resistance over corrosion and boosting the solderability of the component. Rising demand electronic components such as television, washing machine, refrigerators and other consumer electronics products are proliferating the growth of the Europe electroplating market. Further, the growth of electronics industry across economies is expected to fuel market growth.
Atotech, Allenchrome Electroplating Ltd, Dr.-Ing. Max Schlötter GmbH & Co. KG, Jing Mei Industrial Limited (JMI), Klein Plating Works Inc. are among the leading companies in the Europe electroplating market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
Europe Electroplating Market – by Type
- Barrel Plating
- Rack Plating
- Continuous Plating
- Line Plating
Europe Electroplating Market – by End User Industry
- Electrical and Electronics
- Aerospace and Defense
- Rest of Europe
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