Electroplating Market Report 2026

The electroplating market size has grown steadily in recent years. It will grow from $15.11 billion in 2025 to $15.5 billion in 2026 at a compound annual growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed to increasing use of electroplating in automotive components, rising demand in electronics and electrical industries, adoption of corrosion-resistant coatings in industrial machinery, growth of jewelry and decorative applications, expansion of aerospace and defense applications.

The electroplating market size is expected to see steady growth in the next few years. It will grow to $17.27 billion in 2030 at a compound annual growth rate (CAGR) of 2.7%. The growth in the forecast period can be attributed to rising automotive production and electronics demand, increasing need for wear-resistant coatings, growth of renewable energy equipment requiring plating, adoption of environmentally friendly plating processes, expansion in aerospace, jewelry, and high-end electronics applications. Major trends in the forecast period include advancement in electroless plating techniques, rising demand for corrosion-resistant coatings, growth in automotive and electronics applications, increasing adoption of precious metal plating, expansion of decorative and wear-resistant coatings.

The increasing demand for consumer electronics products is expected to drive the growth of the electroplating market in the coming years. Consumer electronics refers to electronic devices designed for everyday personal use, including products such as televisions, smartphones, and personal computers. Rising disposable incomes and a stronger focus on connectivity and convenience are fueling the growing demand for these products. In consumer electronics, electroplating is used to improve the durability and electrical conductivity of components - such as connectors and circuit parts - by applying a thin metal coating. For example, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, total consumer electronics production in Japan reached $213.39 million (¥32,099 million) in May 2023, compared with $155.79 million (¥23,425 million) in January 2023. Therefore, the rising demand for consumer electronics products is contributing to the growth of the electroplating market.

Major companies in the electroplating market are concentrating on innovations such as closed-loop membrane anode systems for alkaline zinc-nickel plating to boost sustainability, lower chemical usage, and enhance process consistency. A closed-loop membrane anode system employs an ion-selective membrane and a recirculating electrolyte loop to substitute traditional anodes, reducing corrosion byproducts and wastewater generation. For example, in July 2023, Atotech Limited, a Germany-based specialty surface-finishing company, introduced the Atotech Compact Membrane Anode (CMA) Closed-Loop System. This system integrates a compact membrane anode assembly with monitoring and circulation modules, separates anode reactions from the plating bath through a chemically resistant membrane, recirculates and reconditions the electrolyte to minimize metal losses and sludge, and is TÜV Rheinland-certified for environmental performance.

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 report 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, 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 2025. The regions covered in the electroplating market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electroplating market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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.

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