Resurgence in Global Manufacturing Drives Growth in the Electroplating Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) August 05, 2014 -- Follow us on LinkedIn - Chemical developments, over the years, have made it possible to electroplate a wide range of materials like platinum and osmium. Technological developments have enabled use of electroplating processes in several end-use applications, including decorative purposes, corrosion protection, engineering applications and electrical applications. Being largely application driven, the electroplating market depends entirely on the net output of the manufacturing industry. The electronics and electrical appliances industries constitute the largest end-use sectors for electroplating services. These industries depend on electroplating for circuit boards, connectors, and such other metal components. Robust expansion of the telecommunications industry and the recent spurt in demand for electronic devices are helping provide growth impetus for electroplating services in this sector.
Electroplating has become indispensable in emerging fields of electronics, such as micro and optoelectronics. Modern sensors of most types adopt electroplating techniques. Lower costs of electroplating in comparison to other technologies favors demand for electroplating services in the electronics sector. The ability of the electroplating technology to electrodeposit multiple layers as thin as a millionth of a centimeter makes it indispensable in semiconductor applications. Modern electroplating technologies allow manufacturers to modify and pre-design properties both chemical and physical of target surfaces, such as in electroforming. The increase in demand for computing devices is expected to drive significant market opportunities for electroplating service providers.
Growing automobile production worldwide is offering significant prospects for electroplating services. Electroplated plastic materials are used in various automobile components such as radiator grilles, name badges, rear/front lamp units, window trim, interior trim, auxiliary lamp units and mirror housings. In addition, the automotive industry utilizes manganese alloy, zinc-iron alloy and zinc-nickel alloy electroplated steel in exterior body panels. Growing demand for in-car safety and entertainment systems is expected to drive significant demand for a range of electronics which require electroplating. From automotive air bags to car audio systems and gaming consoles to the convergence of information and entertainment, infotainment, the market over the last couple of decades has witnessed sea changes in technology development and evolution, creating substantial demand for electroplating services.
As stated by the new market research report on Electroplating, Europe represents the largest market worldwide. Asia-Pacific is forecast to grow at a CAGR of 3.7% over the analysis period led by rapid industrialization, and increasing demand for consumer goods in countries such as China and India. The region is also benefiting from the ongoing shift in production bases to low cost developing countries.
Major players covered in the report include Atotech Deutschland GmbH, Allied Finishing Inc., British Metal Treatments Ltd., Birmingham Plating Co Ltd., Commercial Plating Company Inc., Interplex Industries Inc., Kuntz Electroplating Inc., Metal Surfaces Inc., NiCoForm Inc., Pioneer Metal Finishing and SIFCO Applied Surface Concepts Group among others.
The research report titled "Electroplating: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia Pacific), Middle East and Latin America.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Electroplating_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 (408) 528-9966, [email protected]
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