The global Precious Metal Plating market size is expected to be worth around US$ 412.01 million by 2030, according to a new report by Vision Research Reports.
The global Precious Metal Plating market size was valued at US$ 203.73 million in 2020 and is anticipated to grow at a CAGR of 7.1% during forecast period 2021 to 2030.
|Market Size||US$ 412.01 million by 2030|
|Growth Rate||CAGR of 7.1% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Umicore; Bluclad S.p.A.; Atotech; MacDermid, Inc.; METALOR Technologies SA; COVENTYA International; Italfimet; Valmet Plating SRL; Krohn Industries, Inc.; Gold Plating Services; DuPont|
Trending design patterns of jewelry & accessories and increasing demand for precious metal jewelry through e-commerce platforms make the market lucrative.
The online platform has been one of the suitable portals for sales of jewelry and fashion accessories owing to the pandemic. The adoption of precious metals among youngsters and the rise in cross-border e-commerce have opened up lucrative growth opportunities for small- and medium-sized enterprises. For instance, as per the U.S.-based software company, Wedia, the internet traffic in France escalated by 70% and the usage of social networks by 61%, from March to April 2020. These statistics indicate an increase in online activities on e-commerce websites. The rise in e-commerce activities is anticipated to benefit the market growth over the long term.
By Product Analysis
Gold was the largest segment in 2020 that accounted for a revenue share of over 90%. Gold plating is done in jewelry applications as the plated surface remains bright and attractive for a long time.
The rise in the price of pure gold and other precious metal fluctuates the demand and supply of gold. In addition, plated jewelry and related items are not expensive compared to pure gold jewelry, hence the rise in consumer preference to purchase plated jewelry being a cost-efficient solution is anticipated to drive the market during the projected timeline.
Fashion accessories or jewelry are largely preferred by the young population. These accessories are priced at affordable rates and can also be changed as per the latest trends. The changing outlook of the population toward fashion accessories as a daily wear commodity has boosted the demand for such products.
By Application Analysis
The jewelry segment accounted for over 83% of the global revenue in 2020. An increase in disposable income coupled with a growth in the young population in countries, such as India and the U.S., is expected to accelerate the demand for jewelry over the forecast period.
The rise in virtual meetings owing to the pandemic has given a push to the “above-the-keyboard-dressing” trend among working women along with the growing acceptance of jewelry among men. Such emerging trends are driving the segment, thus benefitting the overall market growth.
By Regional Analysis
The demand comes majorly from the North America region, which accounted for the largest revenue share of more than 34% in 2020. Growth in trading activities also influences the market.
The regional landscape of the market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Asia Pacific is projected to be the fastest-growing regional market over the forecast period.
The growing sales of jewelry owing to a rise in the number of weddings in the year 2021 followed by the increasing preference of young women for casual daily-wear jewelry supported the market growth.
METALOR Technologies SA
Valmet Plating SRL
Krohn Industries, Inc.
Gold Plating Services
Platinum Group Metal (PGM)
Central & South America
Middle East & Africa
The Precious Metal Plating market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Precious Metal Plating market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Precious Metal Plating market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Precious Metal Plating market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Precious Metal Plating market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Precious Metal Plating capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Precious Metal Plating by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Precious Metal Plating market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Precious Metal Plating market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Precious Metal Plating market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Precious Metal Plating industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Precious Metal Plating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Precious Metal Plating market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Precious Metal Plating market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Precious Metal Plating market. These factors have benefited the growth of the global market for Precious Metal Plating. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Precious Metal Plating. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Precious Metal Plating are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: