What is the global market size of Electroplating Market?

Electroplating market was valued at US$ 13.77 billion in 2021, and it is expected to reach a value of US$ 16.91 billion by 2028, at a CAGR of 3.31% over the forecast period (2022 - 2028).

Electroplating Market Size, Share, Growth Analysis, By Type(Copper, Tin, Nickel, Zinc), By Application(Corrosion Resistance, Wear Resistance, Appearance, Solderability), By End-use(Automotive, Electrical & Electronics, Aerospace & Defense, Jewellery), By Region - Industry Forecast 2025-2032

Report ID: SQMIG20D2074 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 101 | Figures: 68

Electroplating Market News

In May 2022, SIFCO ASC has introduced a mobile all-in-one plating system. SIFCO ASC's Advanced Solution Control System is a new portable all-in-one plating system with dripless technology (ASCS). This electroplating technology piece is completely portable, allowing it to be brought directly to the part or component in question. Lowering ergonomic risk will provide significant safety benefits to operators and employees in addition to improving throughput and productivity.
In March 2022, S+S Industries has announced plans to expand into a new facility in Southeast Houston, making it the world's largest busbar plating company by capacity. S+S' warehousing capacity will also be significantly increased, enhancing its ability to serve as a hub-and-spoke distribution system, lowering customers' shipping and storage costs. The new facility will increase each customer's inventory space allowance from six months to nearly a year.
In October 2021, Valence Surface Technologies LLC (Blairsville, Pennsylvania) announced the acquisition of H&W Global Industries Inc. (Blairsville, Pennsylvania), a North American Northeast provider of surface treatment for highly engineered products. H&W provides surface treatment to some of the most advanced defence platforms in the United States and maintains critical approvals with key A&D primes like Northrop Grumman.

Electroplating Market Report Snapshots

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Electroplating market was valued at USD 17.3 billion in 2022 and is poised to grow from USD 18.02 billion in 2023 to USD 25.01 billion by 2031, growing at a CAGR of 4.18% during the forecast period (2024-2031).

The electroplating market is highly fragmented, with many small and medium-sized players dominating. These participants include various metal' electroplating services. Furthermore, B2B E-Commerce platforms and Supplier discovery platforms have increased the number of opportunities available to small and medium-sized businesses. To gain a significant market share, key players in the Electroplating market are employing strategies such as electroplating technology innovation, product launches, and mergers and acquisitions. 'Metalor Technologies International (Switzerland)', 'Heimerle + Meule (UK)', 'Sharretts Plating Company (US)', 'Peninsula Metal Finishing, Inc. (US)', 'Bajaj Electroplaters Inc. (India)', 'Roy Metal Finishing Co Inc (US)', 'Pioneer Metal Finishing (US)', 'Electro-Spec Inc. (US)', 'Precision Plating Company, Inc (US)', 'Jawaher Metal Factory Plating and Fabrication (Saudi Arabia)', 'Kuntz Electroplating, Inc. (US)', 'Roy Metal Finishing, Inc. (US)'

The aerospace and defence industries' increasing demand for electroplating for improved conductivity is expected to drive electroplating market growth. Electroplating is the best option for the aerospace and defence industries, which require less space-consuming but high-current-flowing-capacity substances. Electroplated busbar has a higher conductivity than ordinary cables and wires while taking up less space. Over the forecast year, these factors are expected to drive the Electroplating market.

The increasing production of automobiles necessitates electroplating for high-performance automobile components to maintain exceptional corrosion resistance and to improve the presentation of exterior automobile parts such as emblems, door handles, hood ornaments, and wheel rims.

The Asia Pacific region dominates the global electroplating market and is projected to maintain a similar trend over the forecast period. Due to rapid industrial growth in major emerging economies and the presence of sizable manufacturing industries in major countries such as China and India, among others, the Asia-Pacific region is expected to have a significant market share in high-end consumer technology production. Furthermore, large automobile manufacturing plants in China, India, and Japan are adding to the region's growing demand for electroplating. Increased investment in increasing production contributes to market growth in the Asia-Pacific region over the forecast period.

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Electroplating Market Size, Share, Growth Analysis, By Type(Copper, Tin, Nickel, Zinc), By Application(Corrosion Resistance, Wear Resistance, Appearance, Solderability), By End-use(Automotive, Electrical & Electronics, Aerospace & Defense, Jewellery), By Region - Industry Forecast 2025-2032

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