Electroplating Market Report 2025

This 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 electroplating market size has grown steadily in recent years. It will grow from $14.7 billion in 2024 to $15.36 billion in 2025 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to adoption of electroplating for improving surface finish, shift towards automation and digitization, adoption of electroplating for decorative applications, outsourcing electroplating services to specialized firms.

The electroplating market size is expected to see steady growth in the next few years. It will grow to $17.42 billion in 2029 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to emerging applications of electroplating in renewable energy systems, demand for wear-resistant coatings in machinery, adoption of electroplating for corrosion protection, usage of electroplated components in the jewelry industry, use of eco-friendly electroplating techniques. Major trends in the forecast period include technological advances, plastic coatings, integration of automation and robotics, innovation in surface finishing techniques, focus on corrosion-resistant coatings.

The growing demand for consumer electronics is expected to drive the growth of the electroplating market. Consumer electronics refer to devices designed for everyday use, such as TVs, smartphones, and personal computers. Increasing disposable incomes and a greater focus on connectivity and convenience are fueling the demand for these products. Electroplating is used in consumer electronics to improve the durability and conductivity of components, like connectors and circuitry, by applying a thin metal layer. For example, according to the Japan Electronics and Information Technology Industries Association, total consumer electronics production in Japan reached $213.39 million (¥32,099 million) in May 2023, up from $155.79 million (¥23,425 million) in January 2023. As a result, the rising demand for consumer electronics is driving the growth of the electroplating market.

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 September 2024, U.S.-based steel distribution company Kreher Steel Co. LLC acquired Ritchey Metals Company, Inc. for an undisclosed amount. The acquisition is aimed at enhancing Kreher Steel's ability to offer specialized metal solutions, expanding its presence across various industries, including automotive, manufacturing, and construction. Ritchey Metals Company, Inc., also based in the U.S., is known for providing high-quality custom alloy solutions and metal powders.

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 2024. 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).

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 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 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.

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