Electroplating Chemicals Market Research Report Information By Chemical Type (Pre-treatment Chemicals, Plating Chemicals, and Post-treatment Chemicals), By Function (Corrosion Protection, Decorative Coatings, Electrical Conductivity, Wear Resistance, Other Functions), By End-Use Industry (Automotive, Electrical & Electronics, Renewable Energy, Jewellery, Machinery Parts & Components, and Others) and By Region -Global Forecast to 2032

Global Electroplating Chemicals Market Overview

Electroplating Chemicals Market Size was valued at USD 9,398.23 million in 2022. The Electroplating Chemicals Market industry is projected to grow from USD 9,830.83 million in 2023 to USD 14,794.04 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period (2024 - 2032).  Electroplating chemicals are the specialized solutions used in the electroplating process to deposit a thin layer of metal onto a surface through electrochemical means. This process involves immersing the object to be coated in a bath containing a solution of metal salts and other chemical additives. When an electric current is passed through the solution, metal ions from the solution are reduced and adhere to the surface of the object, forming a metal coating. The composition of electroplating chemicals typically includes metal salts, such as nickel sulfate or copper sulfate, which provide the necessary metal ions, along with various additives that enhance the quality of the deposit.

Electroplating chemicals are used across various industries to enhance the appearance, durability, and functionality of components.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Electroplating Chemicals Market Trends

Rising Applications in the Renewable Energy Sector

The global electricity demand is expected to grow at a significant rate in the next few years owing to the rise in population, rapid development in urbanization, growing infrastructure activities, and enhanced access to electricity. As stakeholders in the power generation industry seek opportunities to reduce carbon footprint, they have been focusing on raising the share of renewable energy sources in the total power generation mix, globally. Thus, the growing inclination towards renewable energy is escalating the demand for electroplating chemicals owing to the significant application of electroplating technique in this sector. Solar panels are one of the most widely used renewable energy technologies, and electroplating chemicals are vital in their manufacturing as electroplating is generally used in the manufacturing of photovoltaic cells, the core component of solar panels. Also, electroplating chemicals are used to deposit thin layers of protective coatings on photovoltaic modules for enhancing their durability. In renewable energy industry, wind energy is another rapidly expanding sector where electroplating chemicals are playing an important role. Wind turbines, particularly those installed offshore, operate in harsh environments and are exposed to extreme weather conditions, saltwater, and humidity, all of which can cause significant wear and tear. Thus, to protect critical components of wind turbines from corrosion, electroplating is used to coat various parts, including gears, bearings, shafts, and fasteners, with protective metal layers.

The rising awareness regarding environmental problems is encouraging various nations around the world to increase dependency on renewable energy sources. For instance, in September 2023, the European Parliament backed a new target of 42.5% of renewable energy sources by 2030. The renewable energy sector in Europe is strongly driven by its climate goals and regulatory frameworks. Under the European Green Deal, the European Union aims at achieving climate neutrality by 2050, further implying a significant acceleration of emission reductions. Such initiatives play an important role in driving the need for renewable energy. Further, The Renewable Energy Target (RET) is an Australian Government scheme that aims to reduce greenhouse gas emissions in the electricity sector and increase renewable electricity generation. The RET sets a target to deliver an extra 33,000 gigawatt-hours (GWh) of electricity from renewable sources every year from 2020 to 2030. Thus, the increasing share of the electricity generated from renewable energy sources is expected to fuel the growth of electroplating chemicals market.

Electroplating Chemicals Market Segment Insights

Electroplating Chemicals by Chemical Type Insights

The Electroplating Chemicals Market segmentation, based on Chemical Type has been segmented into Pre-treatment Chemicals, Plating Chemicals, and Post-treatment Chemicals. In 2023, the Plating Chemicals segment drove the Electroplating Chemicals Market by holding a substantial market share. Cleaning agents are the first step in surface preparation, designed to remove organic and inorganic contaminants such as dust, grime, and other residues from the substrate. These agents are typically alkaline or neutral solutions that gently clean the surface without causing damage to the underlying material. Alkaline cleaners are commonly used for removing light oils and surface oxides, while neutral cleaners are used for sensitive surfaces where minimal chemical reactivity is required. The main objective of cleaning agents is to create a clean, uncontaminated surface, which is crucial for the subsequent plating process to adhere properly.

Electroplating Chemicals By Function Insights

Based on Function, the Electroplating Chemicals Market is segmented into Corrosion Protection, Decorative Coatings, Electrical Conductivity, Wear Resistance, Other Functions. In 2023, the C Corrosion Protection segment drove the Electroplating Chemicals Market by holding a substantial market share during the assessment period. It is projected to register a highest growth rate during the projected timeframe. Different metals offer varying degrees of corrosion resistance, tailored to specific applications. For instance, zinc plating is widely used for its ability to protect steel from rust and corrosion. Zinc acts as a sacrificial anode; it corrodes preferentially, thereby shielding the underlying steel. This method is common in automotive parts, construction materials, and fasteners. Nickel plating is another effective corrosion protection technique, particularly useful in industrial applications where the metal is exposed to moisture, chemicals, or abrasive conditions. Nickel provides a hard, protective layer that resists both oxidation and wear.

Electroplating Chemicals By End-Use Industry Insights

Based on End-Use Industry, the Electroplating Chemicals Market is segmented into Automotive, Electrical & Electronics, Renewable Energy, Jewellery, Machinery Parts & Components, and Others. In 2023, the Automotive segment drove the Electroplating Chemicals Market by holding a substantial market share during the assessment period. It is projected to register a highest growth rate during the projected timeframe. The automotive industry is a significant end-use sector for many advanced materials and technologies due to its focus on enhancing vehicle performance, safety, and efficiency. In the automotive segment, materials like carbon fiber composites, high-performance alloys, and advanced polymers are extensively used to reduce vehicle weight and improve fuel efficiency. These materials contribute to enhanced strength and durability while minimizing weight, leading to better acceleration and handling. Advanced manufacturing technologies, such as 3D printing and automation, play a crucial role in this sector, enabling the production of complex parts and components with high precision.

Electroplating Chemicals Regional Insights

Based on Region, the Electroplating Chemicals market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia-Pacific Electroplating Chemicals market held the maximum market share and is also expected to account for the significant revenue share during the forecast period. The Asia-Pacific region has emerged as a leading player in the Electroplating Chemicals Market due to its role as a global manufacturing hub. The region is a production powerhouse, with a continuous output of a wide array of products that heavily rely on Electroplating Chemicals. From consumer electronics to automotive components, Electroplating Chemicals are indispensable in various manufacturing processes. The sheer scale of production across multiple sectors in the region results in a substantial demand for Electroplating Chemicals, further solidifying its market leadership.  

Electroplating Chemicals Key Market Players & Competitive Insights

Electroplating Chemicals Market is characterized by a high level of competition, with many players emerging for market share. The top 30 companies in the market account for a significant market share of Electroplating Chemicals Market. The competitive landscape of Electroplating Chemicals Market is dynamic, with companies constantly innovating and expanding their product offerings. Despite the challenges, there are several factors that are driving growth in the electroplating chemicals Market. These include growing Demand from renewable energy Industry and expanding Electronics Industry. The Electroplating Chemicals Market is expected to witness significant growth in the coming years, owing to the expansion of the electronics and renewable energy industry.

The key players in the Electroplating Chemicals Market include Conventya, Schlotter, Uyemura, Hesse, Henkel, Kanigen, Chemetall, Ishihara, Technic, Umicore, JetChem, Houghton, Mosses Lake, KPM, Metalor, HSO, JPC, Meltex, Dipsol, Coral, Ato, Mac, Okuno, JASCO, Sutrec, PAVCO, JCU, Dow, and Columbia Chemical among others. These companies compete based on product quality, innovation, price, customer service, and market share. Companies also engage in various strategic initiatives, such as mergers and acquisitions, new product launches, partnerships, joint ventures, and expansions, to enhance their market position and expand their product portfolio. Companies are also focusing on developing new and innovative products that meet the specific needs of their customers.

Coventya: Coventya is a prominent global provider of specialty chemicals, primarily focused on the surface finishing industry. Established as a leader in developing innovative chemical solutions, Coventya operates in over 60 countries across five continents, catering to a diverse range of industrial sectors including automotive, electronics, construction, consumer goods, and aerospace. The company specializes in providing both decorative and functional coatings that enhance the performance and aesthetic qualities of various substrates. Coventya's product portfolio includes advanced chemical formulations designed for electroplating, electroless plating, and surface treatment processes. These products are integral to industries that require high-quality finishes and durability in their components.

Dr. Hesse GmbH & Cie KG: Dr. Hesse GmbH & Cie KG is a renowned chemical company specializing in the development and distribution of electroplating additives and related chemical solutions. Established over 130 years ago, the company has built a solid reputation for innovation in electrochemical deposition technologies. Headquartered in Germany, Dr. Hesse operates on a global scale, catering to a diverse clientele across various industries. The company's product portfolio includes a wide range of electroplating additives designed for different applications. These products encompass hot and electrolytic degreasing agents, pickling solutions, activators, sealing agents, passivation products, and corrosion protection chemicals. Dr. Hesse is particularly noted for its advanced formulations that enhance the quality and durability of electroplated surfaces, making them suitable for demanding environments.

Key Companies in the Electroplating Chemicals Market includes.

• Conventya


• Schlotter


• Uyemura


• Hesse


• Henkel


• Kanigen


• Chemetall


• Ishihara


• Technic


• Umicore


• JetChem


• Houghton


• Mosses Lake


• KPM


• Metalor


• HSO


• JPC


• Meltex


• Dipsol


• Coral


• Ato


• Mac


• Okuno


• JASCO


• Sutrec


• PAVCO


• JCU


• Dow


• Columbia Chemical


• Others

Electroplating Chemicals Market Segmentation

Electroplating Chemicals Chemical Type  Outlook

• Pre-treatment Chemicals


• Plating Chemicals


• Post-treatment Chemicals

Electroplating Chemicals Function Outlook

• Corrosion Protection


• Decorative Coatings


• Electrical Conductivity


• Wear Resistance


• Other Functions

Electroplating Chemicals End-Use Industry Outlook

• Automotive


• Electrical & Electronics


• Renewable Energy


• Jewellery


• Machinery Parts & Components


• Others

Electroplating Chemicals Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • UK
  
  
  • France
  
  
  • Spain
  
  
  • Italy
  
  
  • Russia
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America
  
  
  
  


• 
  Middle East & Africa
  
  
  
  • GCC Countries
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa