Electroplating

Global Electroplating Market to Reach US$26.0 Billion by 2030

The global market for Electroplating estimated at US$18.9 Billion in the year 2024, is expected to reach US$26.0 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2024-2030. Barrel Plating, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$11.0 Billion by the end of the analysis period. Growth in the Rack Plating segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.7 Billion While China is Forecast to Grow at 6.9% CAGR

The Electroplating market in the U.S. is estimated at US$4.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.8% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.0% CAGR.

Global Electroplating Market - Key Trends & Drivers Summarized

Electroplating is a surface finishing process that involves depositing a thin layer of metal onto the surface of a substrate using an electric current. This process enhances the properties of the substrate, providing improved corrosion resistance, wear resistance, electrical conductivity, and aesthetic appeal. Common metals used in electroplating include gold, silver, copper, nickel, and chromium. Electroplating, the types of which are barrel plating, rack plating, continuous plating, and line plating, is widely used in various industries, including automotive, electronics, jewelry, aerospace, and manufacturing, to enhance the performance and appearance of components and products.

The electroplating process involves several steps, including surface preparation, cleaning, and the actual plating. The substrate is immersed in an electrolyte solution containing the metal ions to be deposited. An electric current is applied, causing the metal ions to migrate and form a coherent coating on the substrate. Advances in electroplating technology have led to the development of more efficient and environmentally friendly processes, such as the use of non-cyanide plating baths and the implementation of closed-loop systems to minimize waste and emissions. Additionally, the precision and control offered by modern electroplating techniques enable the production of high-quality, consistent coatings.

The growth in the electroplating market is driven by several factors. Firstly, the increasing demand for corrosion-resistant and wear-resistant coatings in the automotive and aerospace industries is a significant driver. Secondly, advancements in electroplating technology and the development of environmentally friendly processes are enhancing the appeal and adoption of electroplating. Thirdly, the growing electronics industry and the need for reliable and conductive coatings in electronic components are boosting market growth. Additionally, the rising demand for decorative finishes in consumer goods and jewelry is driving the use of electroplating. Furthermore, stringent regulations and standards for surface finishing and environmental protection are encouraging the adoption of advanced electroplating processes. Lastly, the expansion of manufacturing activities and the need for high-quality surface treatments are creating new opportunities for electroplating services.

SCOPE OF STUDY:

The report analyzes the Electroplating market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Barrel Plating, Rack Plating, Continuous Plating, Line Plating); End-Use (Automotive, Electricals & Electronics, Aerospace & Defense, Machinery Parts & Components, Jewelry, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 203 Featured) -

• Allenchrome Electroplating Ltd
• Allied Finishing, Inc.
• Atotech Deutschland GmbH
• Bajaj Electroplaters Private Limited
• Cherng Yi Hsing Plastic Plating Factory Co., Ltd
• Dr.-Ing. Max Schlötter GmbH & Co. KG
• Estañadora S.A. de C.V.
• Heimerle + Meule GmbH
• Interplex Holdings Pte. Ltd.
• J&N Metal Products LLC
• Jing Mei Industrial Limited
• Klein Plating Works, Inc.
• Kuntz Electroplating Inc. (KEI)
• Metal Surfaces, Inc.
• NiCoForm Inc.
• Pioneer Metal Finishing, LLC
• Precision Plating Co.
• Roy Metal Finishing, Inc.
• Sharretts Plating Co., Inc.
• Sheen Electroplaters Pvt Ltd.
• SIFCO Applied Surface Concepts Group
• Summit Corporation of America
• TOHO ZINC CO., LTD.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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