Electroplating Market Report 2025 (Global Edition)

Market Dynamics of the Electroplating Market

Key Drivers of the Electroplating Market.

• The rising demand in the automotive industry will contribute to the expansion of the electroplating market.

By forming a protective layer, electroplating reduces friction and halts surface oxidation. The surface is protected against abrasion and wear with a thin layer of strong metal covering. When steel is applied to a non-metallic surface, the object's surface properties change. An occasional metallic coating is applied to components to change their look in addition to offering wear resistance, corrosion protection, and abrasion resistance. Additionally, cheap metals can be electroplated to mimic higher-quality metals. More than ever, electroplating is being used in the automotive, aircraft, electronics, leisure, and agricultural industries. As a result, growth in the global electroplating market is predicted throughout the period.
The market for electroplating is being driven by the automobile industry's growing need for the process. Using all of the zinc-to-gold electroplating equipment available, the automotive industry is probably the one that uses electroplating technology the most. Lightweight components in modern cars are also chrome-plated using plastic electroplating. Because palladium plating can contain large amounts of hydrogen, it is used in the production of exhaust systems. Manufacturers in the automotive sector are always looking for ways to shield their goods from influences that could undermine them. Even with the rapid growth of the automotive sector, many automotive components still frequently use the electrification process. So this was about the rise in the automotive contributing to the growth of the market. 
•    For instance, according to EIN Presswire, electroplating has grown worth $27.2 Billion by 2023, due to the rise in the demand for the automotive and consumer electronic sector.

(Source:Https://www.einpresswire.com/article/668937779/electroplating-market-worth-27-2-billion-by-2032-due-to-rising-demand-in-the-automotive-consumer-electronic-sector).

• The increase in demand for consumer electronics led to the growth in the electroplating market.

The increased popularity of electrical items is increasing the demand in the electroplating business. Electroplating processes are becoming more and more necessary in the production of digital components due to the rapid advancement of technology and the widespread use of consumer electronics. The demand for electrical gadgets, continuous product innovation, and the adoption of new technologies have led to the rise in digital products' importance, which in turn has driven the growth of the electroplating industry. When producing electrical devices, components, and digital products, steel surfaces must be uniformly coated using electroplating.

Each valuable and non-precious plated component is used by the electrical and electronics industry to improve the product's electrical conductivity, wear resistance, solderability, and corrosion resistance for a variety of end-use applications. Furthermore, a great deal of money has been invested by many businesses in the production of digital goods. According to the article by GSMA, By the end of 2019, 1.2 billion people subscribed to mobile services across China. This accounts for 82% of the region’s population.

(Source:https://www.gsma.com/solutions-and-impact/connectivity-for-good/mobile-economy/wp-content/uploads/2024/05/ME-China-2020.pdf). This was about the increasing demand for electronic goods leading to a rise in the electroplating market. 
•    For instance, according to the article by EIN Presswire, the electroplating market is growing due to the growing demand for the electronic goods market. The Japan Electronics and Information Technology Industries Association, consumer electronics production in Japan reached $213.39 million in May 2023, up from $155.79 million in January 2023.

(Source:Https://www.einpresswire.com/article/722647152/electroplating-market-projected-for-steady-growth-expected-to-reach-16-89-billion-by-2028?Ref=rss&code=kd3cs6mlyp2-ph1p).

Restraint of the Electroplating Market

• The rising concern over hazardous elements produced by metal-finishing processes and hazardous wastewater can create restraint for the market.

Certain advancements are being made to improve the nature of electroplating and expand the market. The sectors for ornamental electroplated nickel or chromium plating are expected to grow the demand for superior erosion execution of embellishing multi-facet in-car boosting plating. Additionally, the electroplating process also produces hazardous wastewater which comprises harmful metals in it. According to the article by Science Direct the end of 2021, there were more than 10,000 electroplating plants and more than 5000 electroplating production lines in China, to manage the wastewater produced by the electroplating industry.

(Source:https://www.sciencedirect.com/science/article/abs/pii/S030147972302323X).

The growing problem of hazardous substances produced by metal finishing procedures, and the potential to promote optional clean innovation are predicted to restrain the growth of the electroplating market trends.
•    For instance, according to the article by Science Direct, china discharges approximately 400 million tons of wastewater containing heavy metals every year, the proportion of electroplating wastewater treated by chemical methods in China is approximately 41%, while in Japan, the proportion is as high as 85%.

Impact of the COVID-19 on the Electroplating Market.

COVID-19 affected the market in a negative way the market of electroplating. During the pandemic, the position of enterprises like metal and hardware dropped. The organization has lost up to half of its reasonable worth. The pandemic has severely influenced the market of electroplating and has gotten diminishing interest from other modern applications. The pandemic has affected the supply chain, causing a reduction in major industries like automotive and aerospace and restrictions on operation. 
The pandemic also led to temporary closing which further led to delays in the orders and project timeline. However, the segment of electroplating for medicine equipment led to a rise in the demand for the market due to the increasing focus on healthcare during the lockdown period.

Opportunities of the Electroplating Market

• Change in the process of electroplating reduces waste production and creates the opportunity for the market to grow.

The key manufacturers are bringing change in the process of electroplating, they are adopting the dry process over the wet process so that the amount of pollution produced can be lowered or reduced. This initiative will create new opportunities for the growth of the electroplating market. Additionally, producers are shifting toward water-based cleaning agents over organic ones which will also help the market to grow. 
The manufacturers are developing new techniques to manage wastewater so that the market of electroplating can grow. The sludge that is produced by the process is hazardous as it contains highly hazardous waste, and it should be handled with care for metal recovery. Hence many manufacturers are developing wastewater management techniques to reduce the release of hazardous chemicals into the environment. According to the report of Science Direct, states that by the end of 2021, there will be more than 10,000 electroplating plants and more than 5000 electroplating lines in China.

(Source:https://www.sciencedirect.com/science/article/abs/pii/S030147972302323X).

So reducing or managing the wastewater that is produced from the processes of electroplating will create new opportunities for the market to grow.

     •    For instance, the article by Science Direct, states that discharges almost 400 million tons of wastewater every year contains heavy metals. The wastewater treated by the chemical method in China is 41%, while in Japan is 85%.

(Source:Https://www.sciencedirect.com/science/article/abs/pii/S030147972302323X).

Recent Development

•    On 13 November 2023, Atotech announced its strategic brands (laser system) and Atotech (process chemicals, equipment, software, and service) and presented their combination of product offerings so that they can lead the market and become the leading manufacturing solution for printed circuit boards and package substrate production at productronica in Munich, Germany. 

•    On 20th November 2020, JIM started a new production facility in Bangkok, Thailand. JMI has acquired high-quality and trustworthy molding machines and equipment 

The process of coating the surface of a conducting material with a metal. During the process, the surface to be covered acts as a cathode in an electrolytic cell, and the metal that is to cover it acts as an anode. The rising demand in the automotive industry and the increase in demand for consumer electronics will create growth in the market. The rising concern over hazardous elements produced by metal-finishing processes and hazardous wastewater can create restraint for the market. The rising concern over hazardous elements produced by metal-finishing processes and hazardous wastewater can create restraint for the market. Segmentation Performing in the Electroplating Market by Metal Type Chromium dominates the market and Segmentation by end-user is dominated by automotive.

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