Electroplating Market Size, Share, Opportunities, And Trends By Type (Gold, Silver, Platinum, Rhodium, Aluminum, Chromium, Nickel, Copper, Others), By Type Of Plating (Mass Plating, Rack Plating, Continuous Plating, Line Plating), By Application (Corrosion Protection, Decoration, Electrical And Electronics, Others), By Industry Vertical (Automotive, Electrical And Electronics, Aerospace And Defense, Others), And By Geography - Forecasts From 2025 To 2030

The electroplating market is projected to grow at a CAGR of 2.33% during the forecast period.

Electroplating is also known as Electrodeposition, is a process in which depositing of material is done on a workpiece using an electric current. It is a process by which a thin layer of metal is deposited on a workpiece known as the substrate.

The primary use of electroplating is to change the physical properties of an object. The change in the physical properties is done to give aesthetic appeal, increase wear resistance, increase the thickness, and give corrosion protection to the object. The growth of the global electroplating market may be attributed to the burgeoning demand for metal-finished consumer goods. Some other factors significantly contributing to spurring the market growth include the rising adoption of electroplating across various industry verticals such as the automotive industry and aerospace and defense among others. For instance, in the automotive industry, electroplating is used to refurbish old chrome parts such as bumpers, grills, and tire rims to make them look new.

The rising demand for electroplating from different end-use industries is propelling the growth of the market. The advent of Industry 4.0 has increased the Research and Development within metal finishing. The demand for durable metals with an adaptable manufacturing process is on the rise. Innovations are being made to improve the quality of electroplating and to further expand the markets for a decorative electroplated nickel or chromium plating owing to the rising requirement of the exceptional corrosion performance of decorative multilayer in automotive decorative plating. With the surging demand for materials such as plating on plastics, which improve the aesthetics of a product, the electroplating demand is set to grow steadily in the years to come. However, the electroplating industry is amongst the major polluting industries across the globe, as its process discharges toxic materials, solid wastes, heavy metals through effluents, and air emissions in the environment. To conquer such environmental concerns, manufacturers are continuously launching new substrate materials for electroplating which are environment friendly and have good aesthetic appeal.

The key players in the market are adopting various strategies such as mergers and acquisitions, collaborations, expansion, etc. to maintain their position in the market and to meet the increasing demand for electroplating. For instance, Atotech Deutschland GmbH, a leading specialty chemicals technology, and advanced electroplating solutions company, recently inaugurated its Atotech Development Center (ADC) in Manesar, India to expand its business operations.

The Global Electroplating Market is segmented based on Type, Type of Plating, Mode of Application, Industry Vertical, and Geography.

• Based on Type, the global electroplating market can be segmented into Gold, Silver, Platinum, Rhodium, Aluminum, Chromium, Nickel, Copper, and Others.
• On the basis of Type of Plating, the global electroplating market can be segmented into Mass Plating, Rack Plating, Continuous Plating, and Line Plating.
• On the basis of Mode of Application, the global electroplating market can be segmented into Corrosion Protection, Decoration, Electrical and Electronics, and Others,
• On the basis of Industry Vertical, the global electroplating market can be segmented into Automotive, Electrical and Electronics, Aerospace and Defense, and Others.
• On the basis of Geography, the global electroplating market can be segmented into North America, South America, Europe, Middle East, and Africa, and the Asia Pacific.

Growth Factors

• Corrosion Protection and Decoration to hold a significant market share

Electroplating is one of the most common methods used for corrosion protection, on bridges, vehicles, and appliances among others, as the metal coating acts as a sacrificial barrier that helps prevent the corrosion on the underlying substrate. The growing adoption of electroplating in the automotive industry by the manufacturers for coating the body of the vehicle with rustproof and non-corrosive materials along with a significant surge in the automotive industry at the global level is anticipated to boost the market growth.

For instance, According to the International Organization of Motor Vehicle Manufacturers, automotive production across the globe reached 95,634,593 units per year in 2018, from 77,583,519 units in 2010. Furthermore, the electroplating market for decorative applications is also projected to hold a significant market share owing to the growing demand for metal finished products and decorative products due to the rising disposable income, growing middle-class population, and changing lifestyle of the people.

• The electrical and electronics industry projected to hold a decent market share

The electrical and electronics industry is expected to hold a decent share in the global market as electroplating is considered as one of the most important processes for the manufacturing of electronic components to enhance electrical conductivity, improve corrosion resistance, and increase solderability of the component. The growing electronics industry in the major emerging economies such as India, China, and Brazil is anticipated to boost production and drive market growth during the forecast period.

Restraints

• Government Regulations

The formulation of government regulations regarding the emission of harmful gases and chemicals and the growing environmental concern over toxic wastes produced during the electroplating process and increasing initiatives towards developing alternative clean technology are expected to hinder the growth of the market. Increasing environmental concerns and stringent regulations in developed countries such as North America and Europe, regarding the use of electroplating and its adverse impact on health and the environment, have remained primary concerns for manufacturers and end-users in the industry. 

Impact of COVID -19 on the Electroplating Market

The COVID-19 pandemic has been affecting economies and industries in various countries due to nationwide lockdowns, travel bans, and business shutdowns. The chemicals & materials industry is one of the major industries facing serious turbulence in its business operations. The global electroplating market faced a major setback due to factories and offices being shut down, breakages in the supply chain processes, etc. 

Competitive Insights

Prominent/major key market players in the Global Electroplating Market include Atotech Deutschland GmbH, Allied Finishing Inc., Peninsula Metal Finishing Inc., Kuntz Electroplating Inc., Pioneer Metal Finishing, LLC, Birmingham Plating Co Ltd., Metal Surfaces Inc., Roy Metal Finishing Company, Inc. The players in the Global Electroplating Market are implementing various growth strategies to gain a competitive advantage over their competitors in this market.

Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the Global Electroplating Market.

Segmentation

The electroplating market can be segmented based on the type of metal, type of plating, application, industry vertical, and geography.

• By Type
  • Gold
  • Silver
  • Platinum
  • Rhodium
  • Aluminum
  • Chromium
  • Nickel
  • Copper
  • Others

• By Type of Plating:
  • Mass Plating
  • Rack Plating
  • Continuous Plating
  • Line Plating

• By Application:
  • Corrosion Protection
  • Decoration
  • Electrical and Electronics
  • Others

• By Industry Vertical:
  • Automotive
  • Electrical and Electronics
  • Aerospace and Defense
  • Others

• By Geography:
  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Others
  • Middle East & Africa
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others

1.Introduction

1.1.Market Definition

1.2.Market Segmentation

 

2.Research Methodology

2.1.Research Data

2.2.Assumptions

 

3.Executive Summary

3.1.Research Highlights

 

4.Market Dynamics

4.1.Market Drivers

4.2.Market Restraints

4.3.Porters Five Forces Analysis

4.3.1.Bargaining Power of Suppliers

4.3.2.Bargaining Power of Buyers

4.3.3.The threat of New Entrants

4.3.4.Threat of Substitutes

4.3.5.Competitive Rivalry in the Industry

4.4.Industry Value Chain Analysis

 

5.Global Electroplating Market Analysis, By Type of Metal

5.1.Introduction

5.2.Gold

5.3.Silver

5.4.Platinum

5.5.Rhodium

5.6.Aluminum

5.7.Chromium

5.8.Nickel

5.9.Copper

5.10.Others

 

6.Global Electroplating Market Analysis, By Type of Plating

6.1.Introduction

6.2.Mass Plating

6.3.Rack Plating

6.4.Continuous Plating

 

7.Global Electroplating Market Analysis, By Application

7.1.Introduction

7.2.Corrosion Protection

7.3.Decoration

7.4.Electrical and Electronics

7.5.Others

 

8.Global Electroplating Market Analysis, By Industry Vertical

8.1.Introduction

8.2.Automotive

8.3.Electrical and Electronics

8.4.Aerospace and Defense

8.5.Others

 

9.Global Electroplating Market Analysis, by Geography

9.1. Introduction

9.2. North America

9.2.1.North America Electroplating Market Analysis, By Type of Metal, 2020 to 2026

9.2.2.North America Electroplating Market Analysis, By Type of Plating, 2020 to 2026

9.2.3.North America Electroplating Market Analysis, By Application, 2020 to 2026

9.2.4.North America Electroplating Market Analysis, By Industry Vertical, 2020 to 2026

9.2.5.By Country

9.2.5.1. United States

9.2.5.2. Canada

9.2.5.3. Mexico

9.3.South America

9.3.1.South America Electroplating Market Analysis, By Type of Metal, 2020 to 2026

9.3.2.South America Electroplating Market Analysis, By Type of Plating, 2020 to 2026

9.3.3.South America Electroplating Market Analysis, By Application, 2020 to 2026

9.3.4.South America Electroplating Market Analysis, By Industry Vertical, 2020 to 2026

9.3.5.By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4.Europe

9.4.1.Europe Electroplating Market Analysis, By Type of Metal, 2020 to 2026

9.4.2.Europe Electroplating Market Analysis, By Type of Plating, 2020 to 2026

9.4.3.Europe Electroplating Market Analysis, By Application, 2020 to 2026

9.4.4.Europe Electroplating Market Analysis, By Industry Vertical, 2020 to 2026

9.4.5.By Country

9.4.5.1. UK

9.4.5.2. Germany

9.4.5.3. France

9.4.5.4. Spain

9.4.5.5. Others

9.5.The Middle East and Africa

9.5.1.Middle East and Africa Electroplating Market Analysis, By Type of Metal, 2020 to 2026

9.5.2.Middle East and Africa Electroplating Market Analysis, By Type of Plating, 2020 to 2026

9.5.3.Middle East and Africa Electroplating Market Analysis, By Application, 2020 to 2026

9.5.4.Middle East and Africa Electroplating Market Analysis, By Industry Vertical, 2020 to 2026

9.5.5.By Country

9.5.5.1. Saudi Arabia

9.5.5.2. Israel

9.5.5.3. Others

9.6.Asia Pacific

9.6.1. Asia Pacific Electroplating Market Analysis, By Type of Metal, 2020 to 2026

9.6.2.Asia Pacific Electroplating Market Analysis, By Type of Plating, 2020 to 2026

9.6.3. Asia Pacific Electroplating Market Analysis, By Application, 2020 to 2026

9.6.4.Asia Pacific Electroplating Market Analysis, By Industry Vertical, 2020 to 2026

9.6.5. By Country

9.6.5.1. Japan

9.6.5.2. China

9.6.5.3. India

9.6.5.4. Indonesia

9.6.5.5. Others

 

10.Competitive Environment and Analysis

10.1.Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

 

11.Company Profiles

11.1.Atotech Deutschland GmbH

11.2.Allied Finishing Inc.

11.3.Peninsula Metal Finishing Inc.

11.4.Kuntz Electroplating Inc.

11.5.Pioneer Metal Finishing, LLC

11.6.Birmingham Plating Co. Ltd.

11.7.Metal Surfaces Inc.

11.8.Roy Metal Finishing Company, Inc.

Atotech Deutschland GmbH

Allied Finishing Inc.

Peninsula Metal Finishing Inc.

Kuntz Electroplating Inc.

Pioneer Metal Finishing, LLC

Birmingham Plating Co Ltd.

Metal Surfaces Inc.

Roy Metal Finishing Company, Inc.