Electroplating Market Size
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 17.62 Billion |
| Market Size (2030) | USD 23.68 Billion |
| CAGR (2025 - 2030) | 6.09% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Electroplating Market Analysis
The Electroplating Market size is estimated at USD 17.62 billion in 2025, and is expected to reach USD 23.68 billion by 2030, at a CAGR of 6.09% during the forecast period (2025-2030).
Electroplating, a widely adopted technique, safeguards surfaces from buildings and automobiles to household appliances from corrosion. By applying a metal coating, electroplating creates a protective barrier, shielding the underlying substrate. This process not only enhances the aesthetic appeal of objects but also boosts their wear resistance, thickness, and corrosion protection. Notably, the aerospace and defense sectors are increasingly turning to electroplating, driving the market's growth.
- Beyond corrosion protection, electroplating plays a pivotal role in extending the lifespan and functionality of products. By shielding metal parts from wear and environmental challenges, electroplating significantly enhances their durability. Moreover, consumer goods benefit from electroplating's decorative finishes, elevating their market appeal.
- Electroplated components, prized for their durability and performance, find extensive applications in aerospace and military sectors. The Aerospace Industries Association (AIA) reported that in 2023, revenues for the US aerospace and defense industry hit USD 929 Billion, marking a 3.2% increase from the prior year. This growth in the aerospace and defense sectors amplifies the demand for electroplated parts, which offer enhanced corrosion protection, wear resistance, and electrical conductivity for critical applications.
- As industries increasingly seek materials with superior surface finishes and properties, the demand for electroplated materials valued for their corrosion resistance and decorative finishes continues to surge, propelling market growth. With this trend, the electroplating market anticipates steady growth in the years ahead.
- Nickel, copper, and chromium are essential metals in the electroplating market. Fluctuations in their prices directly influence production costs. Additionally, electroplating processes are energy-intensive, meaning rising energy prices can elevate overall production expenses. Furthermore, the price volatility of chemicals like bases, acids, and specialty chemicals—used in electroplating can impact operational costs.
Electroplating Market Trends
Automotive to Witness the Growth
- The automotive industry drives the demand for electroplating. In vehicles, electroplating enhances component durability, corrosion resistance, and aesthetic appeal. It's commonly applied to parts like door handles, bumpers, and engine components, boosting their longevity and performance. Furthermore, electroplating plays a vital role in producing electrical connectors and other essential components, ensuring they meet the stringent conductivity and wear-resistance standards crucial for automotive safety and efficiency.
- According to the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production hit 85.4 million units in 2023, marking a 5.7% rise from the previous year. This uptick in vehicle manufacturing directly boosts the demand for electroplated parts, including chrome-plated trims, corrosion-resistant fasteners, and essential electrical connectors.
- The automotive industry's growing reliance on electroplating is propelling the market's expansion. The automotive sector stands as the predominant consumer of electroplating technology, utilizing a spectrum from zinc to gold electroplating methods. Modern vehicles employ plastic electroplating for chrome-plating lightweight components. Furthermore, palladium plating finds its niche in exhaust system production, thanks to its hydrogen retention capability.
- As the automotive industry ramps up its use of electroplating, the demand for this technology surges. Dominating the electroplating landscape, the automotive sector employs a spectrum of electroplating techniques, from zinc to gold. Moreover, in modern vehicles, lightweight components are being chrome-plated through plastic electroplating.
- Exhaust systems benefit from palladium plating, prized for its ability to retain significant amounts of hydrogen. With the automotive sector's rapid expansion, manufacturers are on a relentless quest to shield their products from wear and tear. Yet, amidst this growth, the industry frequently turns to electrification for various automobile components.
Asia-Pacific Witness Major Growth
- During the forecast period, the electroplating market is set to be led by the Asia Pacific region. Dominating the global electronics manufacturing sector, China, South Korea, and Taiwan in the Asia Pacific are fueling the demand for electroplating services.
- In 2023, China's electronics manufacturing industry, as reported by the China Electronics and Information Industry Development Research Institute, achieved a production value of 22.1 trillion yuan (approximately $3.4 trillion USD), marking a 7.5% rise from the prior year. This expansive electronics base relies heavily on electroplating services for essential components, including printed circuit boards, connectors, and semiconductor packaging.
- Moreover, with the automotive industry in the Asia Pacific witnessing rapid growth, the demand for electroplated components is on the rise. The China Association of Automobile Manufacturers (CAAM) highlighted that China's automotive production hit 30.1 million units in 2023, an 8.2% increase from the year before.
- This surge in automotive production translates to a heightened need for electroplated parts, which are integral to various vehicle components, from aesthetic trims to essential sections demanding corrosion protection.
Electroplating Industry Overview
Numerous players compete fiercely in the fragmented electroplating market. To bolster their presence and market share, these players increasingly turn to strategies like mergers, acquisitions, partnerships, and collaborations.
Nippon Steel Corporation stands out as a frontrunner in the electroplating arena, catering to both decorative and functional plating needs. Their extensive product lineup spans pretreatment chemicals, electroplating processes, and post-treatment solutions. Committed to innovation, the company is channeling significant resources into R&D for product development.
In the competitive electroplating landscape, players are increasingly leveraging mergers, acquisitions, partnerships, and collaborations to enhance their market presence.
As an illustration, in September 2023, Nippon Steel Corporation introduced a cutting-edge technology for electrodepositing high-strength steel, targeting enhanced performance and durability for sectors like construction and shipbuilding.
Electroplating Market Leaders
-
Allied Finishing, Inc.
-
Autotech Deutschland GmbH
-
Precision Plating Company
-
Industrial Metal Finishing
-
Sharretts Plating Company
- *Disclaimer: Major Players sorted in no particular order
Electroplating Market News
- November 2024: MacDermid Enthone Inc., a global leader in specialty chemicals and plating solutions, has partnered with a prominent Chinese automotive manufacturer to roll out a sustainable and efficient electroplating process for automotive parts.
- November 2023: Atotech, showcasing its strategic brands ESI (laser systems) and Atotech (process chemicals), unveiled their joint manufacturing solutions for printed circuit boards and package substrates at Productronica in Munich, Germany.
Electroplating Industry Segmentation
Electroplating, or electro deposition, uses electric current to deposit material onto a work-piece. This process coats a substrate with a thin metal layer. Primarily, electroplating alters an object's physical properties. As the electronics industry grows, so does the anticipated demand for electroplating.
The electroplating market is segmented by type (barrel plating, rack plating, continuous plating, line plating), metal (gold, silver, copper, zinc, nickel, chromium), end user (automotive, electrical & electronics, aerospace & defense, industrial machinery, healthcare, other end users), geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | Barrel Plating |
| Rack Plating | |
| Continuous Plating | |
| Line Plating | |
| By Metal | Gold |
| Silver | |
| Copper | |
| Zinc | |
| Nickel | |
| Chromium | |
| By End-User | Automotive |
| Electrical & Electronics | |
| Aerospace & Defense | |
| Industrial Machinery | |
| Health care | |
| Other End Users | |
| By Geography*** | North America |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Electroplating Market Research Faqs
How big is the Electroplating Market?
The Electroplating Market size is expected to reach USD 17.62 billion in 2025 and grow at a CAGR of 6.09% to reach USD 23.68 billion by 2030.
What is the current Electroplating Market size?
In 2025, the Electroplating Market size is expected to reach USD 17.62 billion.
Who are the key players in Electroplating Market?
Allied Finishing, Inc., Autotech Deutschland GmbH, Precision Plating Company, Industrial Metal Finishing and Sharretts Plating Company are the major companies operating in the Electroplating Market.
Which is the fastest growing region in Electroplating Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Electroplating Market?
In 2025, the North America accounts for the largest market share in Electroplating Market.
What years does this Electroplating Market cover, and what was the market size in 2024?
In 2024, the Electroplating Market size was estimated at USD 16.55 billion. The report covers the Electroplating Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Electroplating Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Electroplating Industry Report
Statistics for the 2025 Electroplating market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electroplating analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
