Electroplating Global Market Report 2024

Description

Electroplating is a process utilized to coat a conductive surface with a thin layer of metal by applying an electric current. This technique is frequently employed to improve the appearance, corrosion resistance, or conductivity of the substrate material.

The primary types of electroplating include copper, tin, nickel, zinc, chromium, gold, silver, platinum, and others. Copper electroplating involves depositing a layer of copper onto a conductive surface using an electric current. This process enhances conductivity, prevents corrosion, and provides a decorative finish, commonly utilized in industries such as electronics and jewelry manufacturing. Applications of copper electroplating include corrosion resistance, wear resistance, improving appearance, solderability, and others, serving end-uses including automotive, electronics, aerospace, jewelry, industrial machinery, and more.

The electroplating research report is one of a series of new reports from The Business Research Company that provides electroplating market statistics, including the electroplating industry's global market size, regional shares, competitors with an electroplating market share, detailed electroplating market segments, market trends and opportunities, and any further data you may need to thrive in the electroplating industry. This electroplating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electroplating market size has grown steadily in recent years. It will grow from $14.06 billion in 2023 to $14.70 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth observed in the historic period can be attributed to several factors, including the adoption of electroplating techniques for enhancing surface finish, a shift towards automation and digitization in manufacturing processes, increased utilization of electroplating for decorative applications, and the outsourcing of electroplating services to specialized firms. These factors collectively contributed to the expansion and development of the electroplating industry during this period.

The electroplating market size is expected to see steady growth in the next few years. It will grow to $16.89 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The anticipated growth in the forecast period is expected to be driven by emerging applications of electroplating in renewable energy systems, the increasing demand for wear-resistant coatings in machinery, adoption of electroplating for corrosion protection, utilization of electroplated components in the jewelry industry, and the adoption of eco-friendly electroplating techniques. Major trends projected for the forecast period include technological advances, the use of plastic coatings, integration of automation and robotics in electroplating processes, innovation in surface finishing techniques, and a heightened focus on corrosion-resistant coatings. These trends collectively indicate significant growth opportunities and advancements in the electroplating industry in the coming years.

The surge in demand for consumer electronics products is expected to be a driving force behind the growth of the electroplating market. Consumer electronics, including TVs, smartphones, and personal computers, are witnessing increased popularity driven by rising disposable incomes and a growing emphasis on connectivity and convenience. Electroplating plays a crucial role in enhancing the durability and conductivity of components within these devices, such as connectors and circuitry, by depositing a thin layer of metal. For instance, data from the Japan Electronics and Information Technology Industries Association revealed significant growth in total consumer electronics production in Japan, indicating a positive trend in the demand for electroplating services.

In response to this growing demand, major companies in the electroplating market are focusing on technological advancements to improve efficiency and reduce environmental impact. One such innovation is dripless technology, which minimizes chemical waste, enhances precision, and improves resource efficiency by preventing excess solution dripping during the coating process. For example, SIFCO ASC introduced the Advanced Solution Control System (ASCS) in June 2022, featuring portable all-in-one plating equipment with dripless technology. This system enhances workplace safety by recycling all chemical solutions and creating a cleaner working environment while also improving productivity and reducing ergonomic risks for operators. Automation is also employed to optimize cycle times, increase repeatability, and minimize human errors.

In October 2021, Valence Surface Technologies LLC expanded its presence in the electroplating market through the acquisition of H&W Global Industries, Inc. This strategic move allows Valence to further its customer-centric approach and enhance aerospace and defense supply chains. H&W Global Industries Inc. brings expertise in high-quality metal finishing, electroplating, and industrial coating services, complementing Valence's portfolio and strengthening its position in the industry.

Major companies operating in the electroplating market are Atotech Deutschland GmbH, Peninsula Metal Finishing Inc., Coventya Inc., Pioneer Metal Finishing LLC, Allied Finishing Inc, Erie Plating Company, Heimerle + Meule GmbH, Roy Metal Finishing, Metalor Technologies International SA, SIFCO Applied Surface Concepts, Epner Technology Inc., J & N Metal Products LLC, Columbia Chemical, Bronson Plating Company, Tawas Plating Company, Sharrets Plating Co Inc., Klein Plating Works Inc., ENS Technology Ltd, Gold Touch Inc., Precision Plating Company Inc., MacDermid Enthone Industrial Solutions (Element Solutions Inc), ECO Finishing Company, Electro-Spec Inc., Bajaj Electroplaters Pvt. Ltd., Kuntz Electroplating Inc.

Asia-Pacific was the largest region in the electroplating market in 2023. The regions covered in the electroplating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electroplating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electroplating market consists of sales of metal finishing chemicals, plating additives and brighteners, and plating metals and alloys. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Electroplating Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on electroplating market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for electroplating ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electroplating market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Copper; Tin; Nickel; Zinc; Chromium; Gold; Silver; Platinum; Other Types
2) By Application: Corrosion Resistance; Wear Resistance; Appearance; Solderability; Other Applications
3) By End Use: Automotive; Electronics; Aerospace; Jewelry; Industrial Machinery; Other End Uses
Companies Mentioned: Atotech Deutschland GmbH; Peninsula Metal Finishing Inc.; Coventya Inc.; Pioneer Metal Finishing LLC; Allied Finishing Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r17078

1. Executive Summary

2. Electroplating Market Characteristics

3. Electroplating Market Trends And Strategies

4. Electroplating Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Electroplating Market Size and Growth

5.1. Global Electroplating Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Electroplating Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Electroplating Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Electroplating Market Segmentation

6.1. Global Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Copper
Tin
Nickel
Zinc
Chromium
Gold
Silver
Platinum
Other Types
6.2. Global Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Corrosion Resistance
Wear Resistance
Appearance
Solderability
Other Applications
6.3. Global Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Electronics
Aerospace
Jewelry
Industrial Machinery
Other End Uses

7. Electroplating Market Regional And Country Analysis

7.1. Global Electroplating Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Electroplating Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Electroplating Market

8.1. Asia-Pacific Electroplating Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Electroplating Market

9.1. China Electroplating Market Overview
9.2. China Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Electroplating Market

10.1. India Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Electroplating Market

11.1. Japan Electroplating Market Overview
11.2. Japan Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Electroplating Market

12.1. Australia Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Electroplating Market

13.1. Indonesia Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Electroplating Market

14.1. South Korea Electroplating Market Overview
14.2. South Korea Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Electroplating Market

15.1. Western Europe Electroplating Market Overview
15.2. Western Europe Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Electroplating Market

16.1. UK Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Electroplating Market

17.1. Germany Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Electroplating Market

18.1. France Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Electroplating Market

19.1. Italy Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Electroplating Market

20.1. Spain Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Electroplating Market

21.1. Eastern Europe Electroplating Market Overview
21.2. Eastern Europe Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Electroplating Market

22.1. Russia Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Electroplating Market

23.1. North America Electroplating Market Overview
23.2. North America Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Electroplating Market

24.1. USA Electroplating Market Overview
24.2. USA Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Electroplating Market

25.1. Canada Electroplating Market Overview
25.2. Canada Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Electroplating Market

26.1. South America Electroplating Market Overview
26.2. South America Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Electroplating Market

27.1. Brazil Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Electroplating Market

28.1. Middle East Electroplating Market Overview
28.2. Middle East Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Electroplating Market

29.1. Africa Electroplating Market Overview
29.2. Africa Electroplating Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Electroplating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Electroplating Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Electroplating Market Competitive Landscape And Company Profiles

30.1. Electroplating Market Competitive Landscape
30.2. Electroplating Market Company Profiles
- 30.2.1. Atotech Deutschland GmbH
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Peninsula Metal Finishing Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Coventya Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Pioneer Metal Finishing LLC
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Allied Finishing Inc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Electroplating Market Other Major And Innovative Companies

31.1. Erie Plating Company
31.2. Heimerle + Meule GmbH
31.3. Roy Metal Finishing
31.4. Metalor Technologies International SA
31.5. SIFCO Applied Surface Concepts
31.6. Epner Technology Inc.
31.7. J & N Metal Products LLC
31.8. Columbia Chemical
31.9. Bronson Plating Company
31.10. Tawas Plating Company
31.11. Sharrets Plating Co Inc.
31.12. Klein Plating Works Inc.
31.13. ENS Technology Ltd
31.14. Gold Touch Inc.
31.15. Precision Plating Company Inc.

32. Global Electroplating Market Competitive Benchmarking

33. Global Electroplating Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Electroplating Market

35. Electroplating Market Future Outlook and Potential Analysis

35.1 Electroplating Market In 2028 - Countries Offering Most New Opportunities
35.2 Electroplating Market In 2028 - Segments Offering Most New Opportunities
35.3 Electroplating Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer