Precious Metal Plating Market Share Analysis Report By 2030

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.

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Growth Factors

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.

Report Coverage

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.

Key Players

• Umicore
• Bluclad S.p.A.
• Atotech
• MacDermid, Inc.
• METALOR Technologies SA
• Coventya International
• Italfimet
• Valmet Plating SRL
• Krohn Industries, Inc.
• Gold Plating Services
• DuPont

Market Segmentation

• By Product
  • Gold
  • Silver
  • Platinum Group Metal (PGM)
• By Application
  • Jewelry
  • Fashion Accessories
• Regional
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Russia
    • Poland
    • Austria
    • Czech Republic
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Vietnam
    • Thailand
  • Central & South America
    • Brazil
    • Chile
    • Colombia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Israel
    • Morocco

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