Electroplating Market by Methods, Plating Metal, Application, End-User

List of Tables

[192 Pages Report] The Electroplating Market size was estimated at USD 19.69 billion in 2023 and expected to reach USD 20.34 billion in 2024, at a CAGR 3.42% to reach USD 24.92 billion by 2030.

Electroplating is a process that involves coating a conductive surface with a thin layer of metal using an electrical current. This technique is widely employed across various industries to enhance the properties of metal surfaces, imparting benefits such as increased corrosion resistance, improved electrical conductivity, enhanced appearance, and increased wear resistance. The major factors driving the expansion of its use include the growing demand for durable and high-quality metal products in the automotive, electronics, aerospace, and jewelry industries. Technological advancements and increasing environmental awareness have led to the the development of eco-friendly electroplating processes, further propelling its adoption. However, the process involves using toxic chemicals, posing environmental and health risks. There is the potential for uneven coating thickness and the risk of hydrogen embrittlement in high-strength alloys. Addressing these concerns involves strict adherence to safety protocols, proper waste disposal practices, and the ongoing research and development of safer, more efficient electroplating methods. Furthermore, innovations such as pulse electroplating provide improved control over coating thickness and quality while exploring less toxic and more environmentally friendly plating solutions, which is expected to reduce the industry's environmental impact. Additionally, the elevating demand for electric vehicles and the ongoing miniaturization of electronics is anticipated to drive further growth and diversification in electroplating applications. Electroplating remains a crucial technology with significant potential for advancement and expansion as industries seek ways to improve product durability and performance.

KEY MARKET STATISTICS
Base Year [2023]	USD 19.69 billion
Estimated Year [2024]	USD 20.34 billion
Forecast Year [2030]	USD 24.92 billion
CAGR (%)	3.42%

Regional Insights

The robust automotive & aerospace sectors drive the electroplating market in the Americas, particularly the United States and Canada. These countries highly demand electroplating services to enhance various components' corrosion resistance and aesthetic appeal. The U.S. market is also characterized by advanced technological adoption and innovation, with several patents filed for improving electroplating processes and materials. Investments in sustainable and eco-friendly electroplating techniques are notable, reflecting a shift toward environmental consciousness among consumers and businesses. The APAC region, particularly China, Japan, and India, represents a rapidly growing electroplating market, attributed mainly to the booming electronics, automotive, and manufacturing industries. China showcases a high demand for electroplating services as a global manufacturing hub, to enhance the quality and longevity of various goods. Additionally, Japan's advanced technological landscape fosters innovation in electroplating techniques, focusing on precision and efficiency. In EMEA, the EU countries exhibit a strong demand for electroplating, driven by the automotive, aerospace, and luxury goods sectors. The region's focus on high-quality standards and environmental regulations significantly impacts market practices. Recent investments have been geared toward green electroplating technologies, reducing toxic chemical use, and recycling wastewater.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Electroplating Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising demand for electroplating for jewelry development worldwide
- Increasing manufacturing of electronic components worldwide
- Growing demand for durable and high-quality metal products in the automotive industry

Market Restraints
- Performance issues and technical limitations of electroplating

Market Opportunities
- Ongoing advancements to improve the functionality and efficiency of electroplating
- Shift towards sustainable and eco-friendly electroplating techniques

Market Challenges
- Environmental concerns due to the use of potentially harmful chemicals

Market Segmentation Analysis
- Methods: Emerging utilization of the barrel plating method owing to its efficiency and cost-effectiveness
- Plating Metal: Burgeoning utilization of nickel plating owing to its durability and resistance to corrosion
- Application: Evolving utilization of electroplating for corrosion protection application
- End-User: Need to improve the aesthetics and corrosion resistance of electronic devices in the electrical & electronics industry

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Electroplating Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Electroplating Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

JJG Aero's Strategic Expansion Bolstered by USD 12 Million Funding from CX Partners

JJG Aero received a USD 12 million investment from CX Partners to enhance the manufacturing capabilities at its new facility. With the capabilities of basic 2-axis and intricate 5-axis machining, JJG Aero provides a broad spectrum of services. The company is further known for its adherence to over 30 NADCAP-certified special processes, including electroplating, anodizing, paint services, and non-destructive testing (NDT). [Published On: 2024-04-15]

Strategic Expansion, Hubner-KTB Acquires Stake in Teclac Werner GmbH to Enhance Plastic Surface Solutions

Hubner-KTB Oberflachentechnik GmbH, a player in the production and electroplating of plastic parts, expanded its capabilities through the acquisition of shares in Teclac Werner GmbH, a firm specializing in the painting of plastic surfaces for the automotive industry. This partnership allows Hubner-KTB to diversify its product offerings and integrate painted plastic surfaces into its portfolio, leveraging its extensive experience in technologies, toolmaking, and injection molding. Teclac Werner is expected to benefit from Hubner-KTB's advanced research, development capabilities, and market access. [Published On: 2024-04-04]

DuPont Unveils Next-Generation Electroplating Technology at Intelligent Asia Thailand 2024

DuPont introduced their innovative Copper Gleam PPR-II/III, a pulse acid plating copper solution, at Intelligent Asia Thailand 2024. The product is engineered for advanced multi-layer boards (MLB), high-layer count boards, and artificial intelligence (AI) server station applications. It offers high through-hole plating capabilities and superior thickness distribution, ensuring high reliability and precision for fine-line circuits. [Published On: 2024-02-28]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Electroplating Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Electroplating Market, highlighting leading vendors and their innovative profiles. These include Aalberts Surface Technologies GmbH, Accurate Precision Plating, LLC, Advanced Plating Technologies, Alleima AB, Allenchrome Electroplating Ltd., Allied Finishing Inc., AOTCO Metal Finishing LLC, Bajaj Electroplaters, Cherng Yi Hsing Plastic Plating Factory Co., Ltd.., Collini Holding AG, Dr.-Ing. Max Schlotter GmbH & Co. KG, ELCOM Co., Ltd., Electro-Spec Inc., ENS Technology, Interplex Holdings Pte. Ltd., J & N Metal Products, LLC, Jing Mei Industrial Ltd., Klein Plating Works, Inc., Kuntz Electroplating, Inc., Kyodo International, Inc., MacDermid, Inc. by Element Solutions Inc., METALOR Technologies SA, Metzka GmbH, Mitsubishi Electric Corporation, MKS Instruments, Inc., New Method Plating Company, Inc., Nihon Dento Kougyo Co., Ltd., PAVCO, Inc., Peninsula Metal Finishing, Inc., Pioneer Metal Finishing, LLC, Professional Plating, Inc., Sanwa Plating Industry Co., Ltd., Sharretts Plating Company, Inc., Sheen Electroplaters Pvt Ltd., SurTec International GmbH, Technic Inc., Toho Zinc Co., Ltd., and Umicore.

Market Segmentation & Coverage

This research report categorizes the Electroplating Market to forecast the revenues and analyze trends in each of the following sub-markets:

Methods
- Barrel Plating
- Brush Electroplating
- Rack Plating
- Vibratory Electroplating

Plating Metal
- Chromium
- Copper
- Gold
- Nickel
- Palladium
- Silver
- Tin
- Zinc

Application
- Corrosion protection
- Decorative
- Electrical conductivity
- Wear resistance

End-User
- Aerospace & Defense
- Automotive
- Electrical & Electronics
- Jewelry
- Machinery Parts & Components

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - Michigan
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-C002B1C994F5

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for electroplating for jewelry development worldwide
  - 5.1.1.2. Increasing manufacturing of electronic components worldwide
  - 5.1.1.3. Growing demand for durable and high-quality metal products in the automotive industry
- 5.1.2. Restraints
  - 5.1.2.1. Performance issues and technical limitations of electroplating
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing advancements to improve the functionality and efficiency of electroplating
  - 5.1.3.2. Shift towards sustainable and eco-friendly electroplating techniques
- 5.1.4. Challenges
  - 5.1.4.1. Environmental concerns due to the use of potentially harmful chemicals
5.2. Market Segmentation Analysis
- 5.2.1. Methods: Emerging utilization of the barrel plating method owing to its efficiency and cost-effectiveness
- 5.2.2. Plating Metal: Burgeoning utilization of nickel plating owing to its durability and resistance to corrosion
- 5.2.3. Application: Evolving utilization of electroplating for corrosion protection application
- 5.2.4. End-User: Need to improve the aesthetics and corrosion resistance of electronic devices in the electrical & electronics industry
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Electroplating Market, by Methods

6.1. Introduction
6.2. Barrel Plating
6.3. Brush Electroplating
6.4. Rack Plating
6.5. Vibratory Electroplating

7. Electroplating Market, by Plating Metal

7.1. Introduction
7.2. Chromium
7.3. Copper
7.4. Gold
7.5. Nickel
7.6. Palladium
7.7. Silver
7.8. Tin
7.9. Zinc

8. Electroplating Market, by Application

8.1. Introduction
8.2. Corrosion protection
8.3. Decorative
8.4. Electrical conductivity
8.5. Wear resistance

9. Electroplating Market, by End-User

9.1. Introduction
9.2. Aerospace & Defense
9.3. Automotive
9.4. Electrical & Electronics
9.5. Jewelry
9.6. Machinery Parts & Components

10. Americas Electroplating Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Electroplating Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Electroplating Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. JJG Aero's Strategic Expansion Bolstered by USD 12 Million Funding from CX Partners
- 13.3.2. Strategic Expansion, Hubner-KTB Acquires Stake in Teclac Werner GmbH to Enhance Plastic Surface Solutions
- 13.3.3. DuPont Unveils Next-Generation Electroplating Technology at Intelligent Asia Thailand 2024
- 13.3.4. Innovative Advancements in Electroplating, Launch of DIC.PPS MP-6060 BLACK for Enhanced Production Efficiency
- 13.3.5. SurTec Enhances Surface Treatment Capabilities with Acquisition of Aluservice
- 13.3.6. Grand Venture Technology Set to Acquire Electroplating Firm ACP Metal Finishing
- 13.3.7. Introducing Leak Free Brush Plating System, A New Standard in Eco-Conscious Electroplating
- 13.3.8. H&M Plating Co., Inc.'s Growth Through Acquisitions and Diversified Services
- 13.3.9. Alleima Expands Swiss Electroplating Operations to Support Growing Industries
- 13.3.10. Samvardhana Motherson International Expands with New Subsidiary in Delaware, USA
- 13.3.11. MKS Instruments Unveils Atotech CMA Closed-Loop System for Sustainable Alkaline Zinc Nickel Plating
- 13.3.12. Strategic Investment Bolsters Kuntz Electroplating's Commitment to Innovation and Growth Within the EV Sector
- 13.3.13. Federal Investment Bolsters Kuntz Electroplating to cater to EV Market Growth
- 13.3.14. Strategic Licensing of Eco-Friendly GloBrass by Luvata to Wieland Expands Market Reach
13.4. Strategy Analysis & Recommendation
- 13.4.1. MKS Instruments, Inc.
- 13.4.2. Interplex Holdings Pte. Ltd.
- 13.4.3. Mitsubishi Electric Corporation
- 13.4.4. Umicore
- 13.4.5. Aalberts Surface Technologies GmbH

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio