전기도금 시장은 2024년에 138억 1,000만 달러의 평가를 받으며, 2024-2031년의 예측 기간 중 3.26%의 연간 평균 성장률(CAGR)을 반영하고, 2031년까지 178억 5,000만 달러에 달하는 큰 성장을 경험할 것으로 예측됩니다.
이러한 성장 궤적은 다양한 산업에서 전기도금 솔루션에 대한 수요를 촉진하는 몇 가지 요인에 기인합니다. 산업화와 도시화의 발전으로 자동차, 항공우주, 전자, 제조 및 기타 분야에서 전기도금 공정에 대한 요구가 증가하고 있습니다. 기술 개발과 환경 문제에 대한 관심이 높아지면서 보다 지속가능하고 효율적인 전기도금 방법의 개발이 촉진되고 있습니다. 내식성, 장식적 마감 및 기능적 특성에 대한 전기도금 재료에 대한 수요가 급증하면서 시장 확대에 박차를 가하고 있습니다. 산업계가 고품질 표면 마감과 향상된 재료 특성을 지속적으로 추구함에 따라 전기도금 시장은 향후 수년간 안정적인 성장을 보일 것으로 예상됩니다.
전기도금 시장 정의/개요
전기도금은 주로 금속의 부식 방지 및 장식 목적으로 전류를 사용하여 전도성 표면에 금속 층을 침전시키는 과정을 포함합니다. 이 공정은 가수분해를 이용하여 한 금속을 다른 금속에 도금하고 용해된 금속 양이온의 환원에 의해 촉진되며 전극에 일관된 금속 필름을 형성합니다. 전기도금 시장에서 이 기술은 다양한 산업에서 중요한 위치를 차지하고 있으며, 다양한 부품의 특성 향상에 기여하고 있습니다. 자동차에서 전자제품, 보석에 이르기까지 전기도금은 자동차 부품, 전기부품, 장식품의 외관, 내식성, 내마모성을 향상시키는 데 도움이 되고 있습니다.
또한 전기도금은 다양한 제품의 수명과 기능을 향상시키는 중요한 방법으로 활용되고 있습니다. 부식 및 마모로부터 보호하는 코팅을 적용하면 열악한 환경 조건과 빈번한 사용에 노출되는 금속 부품의 수명이 연장됩니다. 소비재의 미학은 전기도금으로 달성되는 장식적인 마무리를 통해 향상되어 고객에게 더 매력적입니다. 이러한 다목적 성으로 인해 전기도금은 산업 전반에 걸쳐 널리 채택되어 기능적 및 미적 개선에 대한 진화하는 수요를 충족시키기 위해이 분야의 기술 혁신과 지속적인 개발을 촉진하고 있습니다.
자동차 산업은 전기도금 부품의 주요 사용자로 전기도금 시장의 성장을 주도하고 있습니다. 국제자동차산업협회(OICA)에 따르면 2023년 세계 자동차 생산량은 전년 대비 5.7% 증가한 8,540만 대에 달할 것으로 예상됩니다. 이러한 자동차 생산량 증가는 크롬 도금 트림, 내식성 패스너, 전기 커넥터 등 자동차 부품에 사용되는 전기도금 부품 수요에 직접적인 영향을 미칩니다.
전자 산업의 급속한 발전은 전기도금 시장에 상당한 영향을 미치고 있습니다. 반도체 산업 협회(SIA)의 보고서에 따르면 2023년 세계 반도체 매출은 5,735억 달러로 2022년 대비 10.3% 증가할 것으로 예상됩니다. 전기도금은 인쇄회로기판(PCB) 및 기타 전자 부품 제조에 필수적이기 때문에이 산업의 성장은 전기도금 시장의 주요 촉진제가되었습니다.
또한 전기도금 부품은 내구성과 성능으로 인해 항공우주 산업과 군 산업에서 널리 사용되고 있습니다. 미국항공우주산업협회(AIA)에 따르면 2023년 미국 항공우주 및 방위산업 매출은 전년 대비 3.2% 증가한 9,290억 달러에 달했습니다. 이러한 항공우주 및 방위 산업의 확장은 중요한 용도에서 우수한 내식성, 내마모성 및 전도성을 제공하는 전기도금 부품에 대한 수요를 증가시키고 있습니다.
환경 규제 강화와 기존 전기도금 공정의 유해 화학 물질 사용에 대한 우려로 인해 보다 지속가능한 대체 기술로 전환하면서 기존 전기도금에 대한 수요가 감소하고 매출에 영향을 미치고 있습니다. 무전해 도금 및 진공 증착과 같은 대체 기술이 부상하고 있으며, 균일한 필름 두께와 폐기물 발생량 감소와 같은 이점을 제공하여 기존 전기도금 시장 점유율을 더욱 위협하고 있습니다.
또한 원자재 가격, 특히 전기도금에 사용되는 금속 가격의 변동은 생산 비용과 가격 전략에 영향을 미쳐 매출 감소로 이어질 수 있습니다. 특히 자동차 및 제조업과 같은 주요 최종사용자 산업의 경기 침체와 불확실성은 전기도금 공정에 대한 투자를 감소시켜 매출 감소의 원인이 될 수 있습니다.
The Electroplating market, with a valuation of USD 13.81 Billion in 2024, is projected to experience significant growth, reachingUSD 17.85 Billion by 2031, reflecting a Compound Annual Growth Rate (CAGR) of 3.26% during the forecast period from 2024 to 2031.
This growth trajectory is attributed to several factors driving demand for electroplating solutions across various industries. Increased industrialization and urbanization are leading to a rising need for electroplating processes in sectors such as automotive, aerospace, electronics, and manufacturing. Advancements in technology, along with growing environmental concerns, are fostering the development of more sustainable and efficient electroplating methods. A surge in demand for electroplated materials for their corrosion resistance, decorative finishes, and functional properties is being witnessed, further fueling market expansion. As industries continue to seek high-quality surface finishes and enhanced material properties, steady growth is expected in the electroplating market in the coming years.
Electroplating Market: Definition/Overview
Electroplating involves the process of depositing a metal layer onto a conductive surface using an electric current, primarily for preventing metal corrosion or achieving decorative purposes. This process utilizes hydrolysis to plate one metal onto another, facilitated by the reduction of dissolved metal cations to form a coherent metal coating on the electrode. Within the electroplating market, this technique holds significant importance across diverse industries, contributing to the enhancement of various components' properties. Applications span from automobiles to electronics and jewelry, where electroplating serves to enhance visual appeal, corrosion resistance, and wear resistance of car parts, electrical components, and decorative pieces.
Electroplating is also utilized as a crucial method for improving the longevity and functionality of various products. By providing a protective coating against corrosion and wear, the lifespan of metal parts exposed to harsh environmental conditions or frequent use is extended. The aesthetics of consumer goods are enhanced by the decorative finishes achieved through electroplating, making them more appealing to customers. This versatility has resulted in the widespread adoption of electroplating across industries, fostering innovation and continuous development in the field to meet evolving demands for both functional and aesthetic improvements.
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The automobile industry is a key user of electroplated components, which drives growth in the electroplating market. According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle production reached 85.4 million units in 2023, up 5.7% from the previous year. This increase in vehicle manufacturing has a direct impact on the demand for electroplated parts used in automotive components, such as chrome-plated trim, corrosion-resistant fasteners, and electrical connectors.
The rapid rise of the electronics industry has had a considerable impact on the electroplating market. The Semiconductor Industry Association (SIA) reported that global semiconductor sales reached USD 573.5 Billion in 2023, up 10.3% from 2022. Electroplating is essential in the fabrication of printed circuit boards (PCBs) and other electronic components, so the growth of this industry is a primary driver of the electroplating market.
Furthermore, electroplated components are widely used in the aerospace and military industries due to their durability and performance. According to the Aerospace Industries Association (AIA), the US aerospace and defense industry's revenues reached USD 929 Billion in 2023, up 3.2% from the previous year. This expansion in the aerospace and defense industries increases demand for electroplated parts that provide superior corrosion protection, wear resistance, and electrical conductivity in essential applications.
The shift towards more sustainable alternatives due to increasing environmental regulations and concerns regarding the use of hazardous chemicals in traditional electroplating processes has led to reduced demand for traditional electroplating methods, impacting sales. Alternative technologies like electroless plating and vacuum deposition are emerging, offering advantages such as uniform coating thickness and reduced waste generation, further challenging the market share of traditional electroplating.
Furthermore, fluctuations in raw material prices, particularly metals used in electroplating, affect production costs and pricing strategies, leading to decreased sales. Economic downturns and uncertainties, particularly in key end-user industries like automotive and manufacturing, result in reduced investment in electroplating processes, contributing to a decline in sales.
The rack plating segment is estimated to dominate the market during the forecast period. In rack plating, parts to be plated are suspended on racks, allowing for individualized processing and optimal coverage of the electroplating solution. This method is preferred for parts with complex shapes or delicate surfaces, where uniform coating thickness and precise control are deemed crucial.
Furthermore, rack plating offers flexibility in processing various sizes and shapes of components, rendering it suitable for diverse applications across industries such as automotive, electronics, aerospace, and jewelry manufacturing. Rack plating ensures efficient resource utilization and waste minimization, contributing to its widespread adoption and dominance in the electroplating industry.
The nickel segment is estimated to dominate the market during the forecast period. Versatile properties such as excellent corrosion resistance, durability, and decorative appeal are offered by nickel, rendering it suitable for a wide range of applications across industries. Its ability to provide a protective coating against corrosion and wear is highlighted, enhancing the longevity and functionality of components and driving its demand. Superior adhesion and wear resistance are offered by nickel plating, ensuring high-quality surface finishes and an extended product lifespan.
Furthermore, nickel's affordability compared to other precious metals like gold and silver is emphasized, making it a cost-effective option for electroplating processes and further bolstering its dominance in the market. These factors collectively contribute to Nickel's prominent position as the preferred choice in the electroplating industry.
Country/Region Wise Acumens
The Asia Pacific region is estimated to dominate the electroplating market during the forecast period. The Asia Pacific region, specifically China, South Korea, and Taiwan dominates the worldwide electronics manufacturing sector, which drives demand for electroplating services. According to the China Electronics and Information Industry Development Research Institute, China's electronics manufacturing industry production reached 22.1 trillion yuan (about $3.4 trillion USD) in 2023, a 7.5% increase over the previous year. This vast electronics manufacturing base needs considerable electroplating services for components such as printed circuit boards, connectors, and semiconductor packaging.
Furthermore, the automotive industry in Asia Pacific is expanding rapidly, increasing demand for electroplated components. The China Association of Automobile Manufacturers (CAAM) reported that China's automotive manufacturing reached 30.1 million units in 2023, up 8.2% from the previous year. This increase in automobile manufacturing directly correlates with increased demand for electroplated parts utilized in a variety of vehicle components, ranging from cosmetic trims to functional sections that require corrosion protection.
Europe region is estimated to exhibit substantial growth within the market during the forecast period. The European aerospace and military industry is rapidly expanding, increasing demand for high-performance electroplated components. According to the Aerospace and Defence Industries Association of Europe (ASD), the European aerospace and defense industry's turnover reached €246 billion in 2023, up 5.2% from the previous year. This expansion fuels the demand for electroplating services, which provide critical qualities such as corrosion resistance and electromagnetic shielding for aviation applications.
Furthermore, Europe's commitment to renewable energy is boosting the electroplating market by increasing demand for corrosion-resistant components in wind and solar energy systems. According to WindEurope, Europe added 17 GW of new wind power capacity in 2023, a 30% increase over 2022. This rapid increase in renewable energy infrastructure necessitates electroplated components that can survive extreme weather conditions, especially in offshore wind farms.
In the evolving landscape of the electroplating market, understanding the competitive dynamics is essential for stakeholders seeking to navigate opportunities and challenges effectively. By examining factors such as market share, product portfolios, technological innovations, and geographic presence, this analysis offers valuable insights into the competitive positioning of companies and the overall market landscape. As the demand for electroplating solutions continues to evolve across diverse sectors, from automotive to electronics, staying abreast of competitive developments is crucial for businesses to capitalize on growth opportunities and maintain a competitive edge.
Some of the prominent players operating in the electroplating market include:
Allied Finishing, Inc.
Autotech Deutschland GmbH
Precision Plating Company
Industrial Metal Finishing
Peninsula Metal Finishing, Inc.
Sharretts Plating Company
Pioneer Metal Finishing
JCU Corporation
Karas Plating
MacDermid Enthone Industrial Solutions
In November 2023, a new partnership was announced by MacDermid Enthone Inc., a leading global supplier of specialty chemicals and plating solutions, with a major Chinese automotive manufacturer to implement a sustainable and efficient electroplating process for car parts.
In September 2023, a new technology for the electrodeposition of high-strength steel was unveiled by Nippon Steel Corporation, aiming to improve the performance and durability of components in various applications like construction and shipbuilding.