Growing Demand for Electroplating is driving the growth at a CAGR of 3.6% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Electroplating market” that contains the information from 2018 to 2032.

The Electroplating Market is estimated to register a CAGR of 3.6% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Electroplating market— Atotech, Nihon Kagaku Sangyo Co. Ltd., Umicore, and Others

Market Highlights

The Global electroplating market is accounted for to register a CAGR of 3.6% during the forecast period and is estimated to reach USD  4,701.1  Million by 2032.

The global electroplating market has been experiencing substantial growth in recent years, driven by the increasing demand from various end-use industries. Electroplating is a process that involves depositing a thin layer of metal onto a conductive surface, typically for the purpose of enhancing the surface properties, such as corrosion resistance, wear resistance, and aesthetic appeal. As the demand for vehicles continues to grow, particularly in emerging economies, the need for electroplated Platings has also increased. Electroplating is used in the production of various automotive parts, including decorative trim, engine Platings, and brake parts. The automotive industry's focus on improving fuel efficiency and reducing emissions has also led to the increased use of electroplated Platings, as they can help reduce weight and improve performance.

Electroplating is a cost-effective solution for enhancing the appearance and performance of automotive Platings. Compared to other coating methods, electroplating requires less material and can be easily applied to complex shapes and surfaces. This makes it an attractive option for automotive manufacturers who are looking to add decorative or protective coatings to their vehicles without incurring significant additional costs. Additionally, the improved durability and corrosion resistance provided by electroplating can help to reduce the need for costly repairs and replacements over the lifespan of the vehicle, further enhancing the cost-effectiveness of this process. Electroplating plays a crucial role in enhancing the aesthetic appeal of automotive Platings, particularly those that are visible to the driver and passengers. Materials like chrome, nickel, and gold are commonly used in the electroplating process to create a shiny, mirror-like finish on various parts of the vehicle. Grilles, for example, are frequently electroplated with chrome to create a bold and eye-catching appearance that sets the vehicle apart from others on the road.

The automotive industry has witnessed a revolutionary shift with the advent of Advanced Driver Assistance Systems (ADAS), a collection of technologies designed to enhance driver safety and make vehicles easier to operate. ADAS is a rapidly growing segment within the automotive electronics manufacturing industry, and it relies on a network of highly intuitive sensors to gather information and deliver it to the vehicle's systems and the driver. The high-precision nature of ADAS technology demands meticulous attention to detail during the manufacturing and design processes to ensure the best possible quality. This is where electroplating plays a crucial role in the automotive industry.

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Segment Analysis

The Global Electroplating market has been segmented based on Plating, Application, End-use, and Region.

Based on application, the Electroplating Market has been segmented into Decorative Coating, Corrosion Protection, and others. Among these, the corrosion protection segment drove the Electroplating market by holding a substantial market revenue through the projected period as estimated by MRFR analysts. Protecting EV components from corrosion is crucial, as these vehicles are often exposed to various environmental conditions, such as rain, snow, and salt. Electroplating provides an effective barrier against corrosion by creating a protective layer on the surface of the metal parts. This plating acts as a shield, preventing the underlying metal from reacting with the surrounding environment and developing rust or other forms of degradation. This is particularly important for outdoor-facing components like the charging port, door handles, and underbody parts. By maintaining the integrity of these parts, electroplating helps to extend the lifespan of the EV and ensures its continued performance and appearance over time. Automakers prioritize corrosion resistance to meet safety standards and provide a durable, long-lasting product for their customers.

Based on Plating, the global market has been divided into Metal and Plastics. Metal segment dominated the application segment through the projected period. Metal ions, upon the application of direct current, get reduced and are deposited over the piece forming a thin, uniform layer. On the other hand, zinc plating offers steel sacrificial protection by corroding preferentially to protect the underlying metal. Electroplating can also be further applied to the rebuilding of worn parts, depositing metal coatings of equal size to restore dimensions and prolong life. Electroplating is also used to create printed circuit boards through processes that embrace the plating of thin layers of copper to provide conduction paths. It is also an important process in the manufacture of jewelry and coins, among other industrial applications. Thus, the multifarious benefits in the durability, operational life, and esthetical value of a product are enhanced by this property.

Based on End Use Industry, the global market has been divided into Automotives, Consumer Electronics, Aerospace & Defense, Medical Devices, Jewelry, and Others. Among these, the Automotive segment dominated the Global Electroplating market revenue through the projected period as estimated by MRFR analysts. Electroplating in the automotive industry is commonly used for various purposes like improving appearance, durability, corrosion resistance and performance improvement. This is commonly used for various components such as the exterior trim of the vehicle like grilles, door handles and emblems that enhances the aesthetic appeal of the vehicle and resisting the corrosive effects of the environment on the vehicles’ body and other parts. Along with that, various under the hood components like fasteners, engine parts, electrical components and other spare parts helps ensure the longevity of the parts in question and increases the overall reliability. The commonly used metals for electroplating include zinc, chrome, cadmium and gold/silver and other such precious metals.

Regional Analysis

By region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific emerged as the leading region in the Electroplating market. In the Asia Pacific region there is shift or trends towards the industrialization and urbanization which has significantly boosted the demand for electroplating across various industries such as automotive, electronics, and aerospace. The automotive sector, uses electroplating extensively for enhancing the durability and aesthetics of vehicle components. Same goes with the electronics industry.

This industry relies on electroplating for manufacturing high-performance electronic devices. The Asia-Pacific region charges low for the labor this makes the readily availability of the raw materials, which lower production costs and increase competitiveness. The presence of numerous small and medium-sized enterprises (SMEs) also fosters innovation and diversification in electroplating techniques and applications. Government policies supporting industrial growth and foreign investments further stimulate market expansion.

In Europe, the government standards and regulation which has also helped in the usage of electroplating. Europe is the developed nation, there the electroplating is used by the military for their weapons, aerospace industry. The aerospace and defense sectors require precision and reliability in their components, driving the demand for advanced electroplating techniques. The growth of the medical is making use of electroplating in the medical device industry. This also contributes to growth, as electroplated surfaces are essential for biocompatibility and functionality in medical implants and instruments.

Key Findings of the Study

• The Global Electroplating market is expected to reach USD 28,824.2Million by 2032, at a CAGR of 3.6% during the forecast period.


• The Asia Pacific region accounted for the fastest growth in the global market.


• Based on Plating, the metals segment was attributed to holding the largest market in 2023.


• Based on Application, the corrosion protection segment was attributed to holding the largest market in 2022.


• Based on end use industry, the automotive segment was attributed to holding the largest market in 2022.


• Atotech, Nihon Kagaku Sangyo Co. Ltd., Umicore, and Others