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Electroplating Market Forecast to Reach $18.6 Billion by 2025

Electroplating Market Forecast to Reach $18.6 Billion by 2025
"The Increasing Adoption of Electroplating Across Automotive and Aerospace Industries and Defense, Are Other Factors That Contribute Significantly to Stimulating Market Growth."
BriefingWire.com, 4/19/2021 - Electroplating Market is forecast to reach $18.6 billion by 2025, growing at a CAGR 3.2% from 2020 to 2025. Electroplating is a process that uses an electrical current to deposit material on a workpiece. It is a method by which a thin layer of metal is deposited on a workpiece known as the substrate. The primary use of electroplating is to modify an object's physical properties. The change in the physical properties is done in order to provide the object with aesthetic appeal, increase wear resistance, increase thickness and provide protection against corrosion. Market growth can be attributed to the burgeoning demand for consumer goods made of metal. The increasing adoption of electroplating across different vertical industries, such as the automotive and aerospace industries and defense, among others, are other factors that contribute significantly to stimulating market growth.

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