Electrogalvanizing is a process of electroplating zinc onto a metal surface, also known as cold galvanizing. In this process, the metal parts are immersed in an electrolyte containing zinc ions, and then the zinc ions are reduced to metallic zinc by applying an external voltage, depositing a layer of zinc coating on the metal surface. This zinc coating can improve the corrosion resistance, aesthetics, and mechanical strength of the metal surface.
Overview of Market Development
The Europe electrogalvanizing market is mainly concentrated in the production of automobiles, electronic products, agricultural wire mesh, doors and windows, and hospital equipment. In recent years, with the improvement of industrialization and the enhancement of environmental awareness, the European galvanizing market has shown a steady growth trend. According to our research data, the estimated size of the Europe electrogalvanizing market in 2024 is $43.05 million, an increase of 2.75% compared to 2023.
In the future, emerging technologies and innovative applications may bring new growth points to the market, such as the application of anti-fingerprint and anti-oil electroplated steel plates in high-end microelectronic products. It is expected that by 2029, the size of the Europe electrogalvanizing market will increase to $50.63 million. The CAGR for 2024-2029 is estimated to be 3.30%. In addition, from the perspective of development trends, strict environmental regulations will drive the market towards a more environmentally friendly and energy-efficient direction.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the Europe electrogalvanizing market is relatively low. Data shows that in 2023, the output value of electrogalvanizing for the top 3 companies in the industry was $11.90 million, with a total output value share of 28.41%. The top three companies were Plating Electronics, Germarel GmbH, and Giussani S.r.l. In 2023, these three companies' share of electrogalvanizing output value in the global market was 11.54%, 9.39%, and 7.48%, respectively.
Europe Electrogalvanizing Market Size Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Market Analysis of Major Countries
From the perspective of market development in major countries, Germany is the largest revenue market for electrogalvanizing in Europe. Data shows that the estimated revenue of the German galvanizing market in 2024 is $14.51 million, with an estimated market share of 33.70%; Italy and Russia are expected to rank second and third with shares of 20.20% and 17.16%, respectively.
Europe Electrogalvanizing Market Revenue and Market Share by Country Forecast in 2024
Countries
|
Market Revenue (Million USD)
|
Market Share
|
Germany
|
14.51
|
33.70%
|
UK
|
3.43
|
7.97%
|
France
|
5.10
|
11.85%
|
Italy
|
8.70
|
20.20%
|
Spain
|
4.44
|
10.32%
|
Russia
|
7.39
|
17.16%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Electrogalvanizing Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".