The Electroplating Market is expected to grow from USD 0.040 billion in 2025 to USD 0.049 billion in 2030, at a CAGR of 4.15%.
Electroplating, 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 provide 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 decorative electroplated nickel or chromium plating, owing to the rising requirement for 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, and heavy metals through effluents and air emissions into the environment. To conquer such environmental concerns, manufacturers are continuously launching new substrate materials for electroplating, which are environmentally 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.
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 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.
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 people.
The electrical and electronics industry is expected to hold a decent share in the global market, as electroplating is considered 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.
The formulation of government regulations regarding the emission of harmful gases and chemicals, 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.
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.
| Report Metric | Details |
|---|---|
| Total Market Size in 2026 | USD 0.040 billion |
| Total Market Size in 2031 | USD 0.049 billion |
| Growth Rate | 4.15% |
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Segmentation | Type, Types of Plating, Application, Industry Vertical |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies |
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