Electroplating process is the surface engineering, which involves deposition of a metal over the surface of another metal. Electroplating provides numerous benefits such as protection of surface from corrosion and enhancing the aesthetics of the products. Moreover, electroplating has witnessed a gain in demand from automobile industry owing to the focus on rapid advancements for augmenting the durability of the components.
Market Dynamics
The global electroplating market has witness a surge in market growth in terms of revenue in recent past years, owing to the surge in demand for good metal finishing for products in manufacturing, electronics, automobiles and aircraft industry. Rising demand for high-performance metals for electroplating has been sustaining the development for electroplating processes in the automotive industry in recent past years.
On the basis of metal type, the global electroplating market is bifurcated in to gold, copper, nickel, silver, zinc, chromium and others. Manufacturers in various End Use industries are encouraging the use of Electroplating in order to reduce the cost by avoiding huge spending on expensive materials. This scenario is projected to fuel the market growth in forthcoming years.
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