Product Code: ETC104624 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Electroplating Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 1.70% in 2025, growth builds up to 12.70% by 2029.
By 2027, Thailand's Electroplating market is forecasted to achieve a stable growth rate of 4.48%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The electroplating market size was valued at USD 2 billion in 2018 and is projected to expand at a CAGR of 4.6% during the forecast period. The growing automotive sector on account of rise consumer spending capability will positively influence industry landscape In addition, escalating demand from electrical & electronics sector along with surge use protective plating materials particularly employed industrial products will complement overall remuneration potential Furthermore resurgence among manufacturers producing plastic components has propelled their shift toward metal finishing including electroplating providing impetus product demand Robust growth infrastructural activities throughout Southeast Asian nations comprising Indonesia Malaysia Vietnam Philippines Singapore India Taiwan Japan additionally China mainly due optimistic economic scenario across these regions favoring uptake steel coating solutions notably strong performance among automotive segment owing introduction electric vehicles coupled swift rise aftermarket services considering maintenance requirement would positively stimulate regional expansion
The Thailand electroplating market is driven by the manufacturing and electronics industries` requirements for surface finishing and protection. Electroplating involves depositing a thin layer of metal onto a substrate, enhancing its properties and aesthetics. As industries focus on improving product quality, corrosion resistance, and aesthetics, the demand for electroplating services increases. The expansion of electronics manufacturing, automotive production, and consumer goods manufacturing contributes to the market`s growth.
In the Thailand electroplating market, challenges include meeting environmental regulations and minimizing waste generation. Electroplating processes often involve hazardous chemicals and waste byproducts. Ensuring proper waste disposal and implementing eco-friendly practices while maintaining the desired plating quality is a challenge for manufacturers.
The Thailand electroplating market encountered significant disruptions during the COVID-19 pandemic. The automotive and electronics industries, which are major consumers of electroplated products, were hampered by supply chain interruptions and decreased consumer spending. These factors led to reduced demand for electroplating services. Moreover, lockdown measures impeded the operational capacity of electroplating facilities. As industries gradually rebound and consumer confidence improves, the market for electroplating is projected to regain its momentum.
In Thailand electroplating market, key players such as Dipsol (Thailand) Co. Ltd. and Precious Plate (Thailand) Ltd. are prominent. These companies offer electroplating services and solutions that cater to industries ranging from electronics to automotive, enhancing the durability and aesthetics of various products.