Electroplating Chemicals Market
Electroplating Chemicals Market Study by Zinc, Copper, Nickel, Tin, Brass, Chrome, Lead, and Precious Metals for Electrical & Electronics, Construction, Heavy Machinery, and Others From 2024 to 2034
Analysis of Electroplating Chemicals Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electroplating Chemicals Market Outlook (2024 to 2034)
The global electroplating chemicals market is currently valued at around US$ 49.23 billion in 2024 and is forecasted to expand at a CAGR of 6.8% to reach US$ 94.69 billion by 2034.
The market for electroplating chemicals is driven by the growing electronics, automotive, and industrial industries. High-quality materials are needed in this business to provide better mechanical qualities, increased conductivity, and resistance to corrosion. An important factor driving the use of electroplating chemicals in the automobile sector is the growing demand for strong, lightweight materials. Lucrative growth potential arises from the investigation of ecologically benign and sustainable substitutes for conventional electroplating chemicals.
Because they have a less environmental effect, non-cyanide and chromate-free technologies are becoming increasingly popular. There are possible uses for electroplating chemicals during production, since the electronics industry has witnessed a rise in the use of printed circuit boards (PCBs). Finally, the adoption of sophisticated coatings, such as nanocoatings and multilayer coatings, which offer improved functionality and performance, is on the rise in the electroplating chemical industry.
Incorporating sensors into Internet of Things devices throughout the electroplating process guarantees real-time monitoring, which enables process optimization for increased efficiency and assures quality controls. The creation of novel alloys and composite materials also opens up possibilities for electroplating-based bespoke solutions for particular applications. Market players are increasing their profit share in this dynamic area and maintain their competitiveness by following these abovementioned trends.
Electroplating developments, including pulse plating and nanotechnology applications are propelling the electroplating industry due to their higher quality and efficiency. The growing emphasis on ecologically friendly plating techniques and materials is leading to the adoption of greener alternatives, which is driving the growth of the electroplating industry. Electroplating is essential and contributes to market expansion for components used in aerospace and defense applications, where high-performance coatings are required for reliability and safety. These coatings provide work as shield for several aircraft components against harsh environments.
| Report Attribute | Detail |
|---|---|
| Electroplating Chemicals Market Size (2024E) | US$ 49.23 Billion |
| Forecasted Market Value (2034F) | US$ 94.69 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.8% CAGR |
| Middle East & Africa Market Growth Rate (2024 to 2034) | 6.6% CAGR |
| North America Market Share (2024E) | 30.1% |
| East Asia Market Share (2034F) | 34.1% |
| Key Companies Profiled | Sun Glo Plating Company; Mahavir Expochem Ltd.; Rishi Chemical Works Pvt. Ltd.; Grauer & Weil (India) Limited; Raschig GmbH; Blendl GmbH. |
The electroplating process ensures the covering of metal onto substances with the intention to prevent it from corrosion. The demand for electroplating chemicals is also driven by decorative purposes. The process of the metal coating is done using an anode and cathode in an electrolyte bath. After the passage of the current, the metal coating gets done. The automotive sector is a major driver in demand for electroplating chemicals owing to the need for keeping parts free from corrosion.
The electroplating chemicals provide a protective barrier that decreases the friction of a surface. These include electrolyte solutions, sealers, passivates, cleaners, and pre-and post-treatment electroplating chemicals, to name a few. Passivates make the substrate inactive to any further chemical reaction, avoiding oxidation and corrosion reactions.
The market is anticipated to see a rise due to its applicability in airplanes, automotive, agricultural components, and electronics during the projection period. The business in electroplating is considerably profitable as there is high applicability in the electroplating process with higher corrosion resistance for improving appearance and durability.
Electroplating chemicals often contain additives that brighten and/or enhance the uniformity of the plating metal while influencing corrosion resistance. The most widely use electroplated metals include iron, nickel, copper, zinc, and silver. Aluminium, stainless steel, lead, and magnesium has limited applications, as these are difficult to electroplate.
The electroplating chemicals market is highly driven by demand from the electrical and electronics industry. Along with this, electroplating chemicals have been witnessing high demand from the automotive and aerospace industries as well. Automotive and especially aerospace are expected to experience fast-paced growth and hence, are driving the electroplating chemicals market.
Moreover, these chemicals are used in the production of printed circuit boards in combination with other electronic devices, electroplating chemicals are also used to enhance the anti-corrosion properties of metals used in the automotive and aerospace industries.
Heavy industrial machinery and transportation equipment also demand electroplated metals and thus, drive the demand for electroplating chemicals to some extent. Defence industry involve need for all weather machines where electroplating material has application to protect machines in extreme weather conditions. As electroplating helps increase the service life of metals, the demand for electroplating chemicals is slated to increase throughout the forecast period.
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Deterrents for the growth of the Electroplating Chemicals Market
The electroplating chemicals are associated with an amount of toxicity, which makes them harmful to health and the environment. The rising awareness of health and safety of environmental policies affect the growth of the electroplating chemicals market across the globe.
The dropped share of the automobile and electronics segment during the pandemic is likely to take time to recover market values for manufacturers. The decline in industrial functions during the pandemic declined demand for electroplating chemicals. These circumstances have been considered by the manufacturers owing to the risk of the supply chain network and maintaining profits and expenses has become a challenge for the companies.
Fluctuations in the prices of raw materials and chemicals required for the electroplating process have an immediate impact on the production cost. Considering the competition in the industry players has to sell products with consistent pricing scheme, which owing to higher production cost result in less margin profit for companies.
The manufacturers in the electroplating chemicals industry have to consider research on technologies and pay attention to environmental sustainability to gain a competitive advantage in the forecast duration.
Segment wise analysis
Automobile and electronics hold a chief share in the electroplating chemicals market.
The demand in the automobile and electronic industry is reigning over other application segments owing to the large volume of electroplating chemicals required to perform plating on large parts. Other consumer products including furniture and decorative items require comparatively lesser amounts of electroplating chemicals.
The exterior parts of automobiles include emblems and doors. Wheel rims require electroplating. The higher penetration of digital and electronic devices across the world has widened the need for electroplating chemicals. The demand from the automobile and electronics sector for electroplating chemicals is projected to increase significantly.
Tin Plating in preference: cost-effective alternative.
Based on the type of plating material, tin plating is expected to grow with the fastest growth rate owing to its cost-effectiveness. Tin is considered a cheaper alternative to silver, gold, and palladium. Tin is available in abundance, which is also a reason for the rising usage of tin-based plating solutions. There are other properties of tin including, protection against corrosion and higher surface contact resistance have contributed to the rising application of tin electroplating by manufacturers.
Novel applications in trends: Electroplating on Non-metals
The non-metallic segment in electroplating chemicals is also estimated to notice higher growth in the forecast period. However, this process is more complex than plating on a metal surface. The applications of metallic coating on some non-metallic substances make it an electric current conductor.
Copper is one of those metals which if coated on plastic becomes an electric conductor. This has applications in electric meters and board segments. The fashion and decoration industry also uses these types of chemical coating to enhance the look and shelf life of products.
Acidic and Alkaline: Equally effective?
Acidic chemicals are widely employed in the electroplating process owing to their ability in protecting surfaces from corrosion and abrasion. Sulphuric acid is widely used in acidic electroplating due to its ability to slow down the plating rate in certain areas when blended with chloride ions.
This selective plating is largely done in decorative and adding shedding effects in automotive or electronic parts. However, the combination of both is also seen as effective for electroplating. The nickel and zinc alloy is effective due to zinc being a protective chemical while nickel offers higher nobility of coating.
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Regional analysis
Based on region, electroplating chemicals witness high demand from North American countries, such as Canada, and Mexico exhibiting heavy demand from electrical & electronics, and aerospace industries. The rising income capacity of people driving demand for automobiles in the region is attributed to the aggregate demand for electroplating chemicals.
European regions including Germany and France are also registering high demand for electroplating chemicals due to the growth of the automotive and manufacturing sectors in the region.
India and China are rising markets in the Asia Pacific region due to digitalization and lifestyle demands.
The Asia Pacific electroplating chemicals market is expected to grow at the fastest rate, owing to the growth in population and disposable income in this region. India and China are expected to become major shareholders in the segment of electroplating chemicals due to rising demand for electronics and automobiles. The rising adaptation of digital appliances in these countries is expected to fetch positive figures for the electroplating market.
Latin American and the Middle East and African electroplating chemicals markets are pegged to grow at moderate rates throughout the forecast period.
Recent developments
The industry players in the electroplating field working on the improvisation of products for longer and more flexible coating options. The mainstay of firms in this market is the result of consistent product innovation and satisfying end outcomes.
- Sun-Glo machine and metal finishing company has developed powder-based coatings in form of electrostatic spray containing polymer powder on the metal surface. The longer molecular chains are durable and flexible offering more benefits including economic, color, and corrosion resistance.
- Blendl GMBH has expanded the application of coating solutions to include more products. The company now offers plating technology solutions for applications in - electronics, contact technology, and Jewellery.
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Segmentation of the Electroplating Chemicals Market
-
By Plating Metals :
- Zinc
- Copper
- Nickel
- Tin
- Brass
- Chrome
- Lead
- Precious
-
By Nature :
- Acidic
- Basic
- Neutral
-
By Function :
- Electrolyte
- Sealer
- Passivation Chemicals
- Inhibitor
- Cleaner Chemicals
- Pre-Treatment Chemicals
- Post-Treatment Chemials
- Others
-
By End Use :
- Electrical & Electronics
- Construction
- Heavy Machinery
- Aerospace
- Defence
- Automotive
- Others
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Plating Metals 6.2. Nature 6.3. Function 6.4. End-Use 7. Global Market Analysis and Forecast, By Plating Metals 7.1. Zinc plating chemicals 7.2. Copper plating chemicals 7.3. Nickel plating chemicals 7.4. Tin plating chemicals 7.5. Brass plating chemicals 7.6. Chrome plating chemicals 7.7. Lead plating chemicals 7.8. Precious metals plating chemicals 7.9. Others 8. Global Market Analysis and Forecast, By Nature 8.1. Acidic 8.2. Basic 8.3. Neutral 9. Global Market Analysis and Forecast, By Function 9.1. Electrolyte 9.2. Sealer 9.3. Passivation chemicals 9.4. Inhibitor 9.5. Cleaner chemicals 9.6. Pre-treatment chemicals 9.7. Post treatment protective chemicals 9.8. Others 10. Global Market Analysis and Forecast, By End-Use 10.1. Electrical and electronics 10.2. Construction 10.3. Heavy machinery 10.4. Aerospace 10.5. Defense 10.6. Automotive 10.7. Others 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. Asia Pacific 11.6. East Asia 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Plating Metals, Nature, Function, and End-Use for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Sun Glo Plating Company 21.2. Mahavir Expochem Ltd. 21.3. Rishi Chemical Works Pvt. Ltd. 21.4. Grauer & Weil (India) Limited 21.5. Raschig GmbH 21.6. Blendl GmbH
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List Of Table
Table 01: Global Market US$ Bn Forecast by Region
Table 02: Global Market US$ Bn Forecast by Plating Metals
Table 03: Global Market US$ Bn Forecast by Nature
Table 04: Global Market US$ Bn Forecast by Function
Table 05: Global Market US$ Bn Forecast by End-Use
Table 06: North America Market US$ Bn Forecast by Country
Table 07: North America Market US$ Bn Forecast by Plating Metals
Table 08: North America Market US$ Bn Forecast by Nature
Table 09: North America Market US$ Bn Forecast by Function
Table 10: North America Market US$ Bn Forecast by End-Use
Table 11: Latin America Market US$ Bn Forecast by Country
Table 12: Latin America Market US$ Bn Forecast by Plating Metals
Table 13: Latin America Market US$ Bn Forecast by Nature
Table 14: Latin America Market US$ Bn Forecast by Function
Table 15: Latin America Market US$ Bn Forecast by End-Use
Table 16: Western Europe Market US$ Bn Forecast by Country
Table 17: Western Europe Market US$ Bn Forecast by Plating Metals
Table 18: Western Europe Market US$ Bn Forecast by Nature
Table 19: Western Europe Market US$ Bn Forecast by Function
Table 20: Western Europe Market US$ Bn Forecast by End-Use
Table 21: Eastern Europe Market US$ Bn Forecast by Country
Table 22: Eastern Europe Market US$ Bn Forecast by Plating Metals
Table 23: Eastern Europe Market US$ Bn Forecast by Nature
Table 24: Eastern Europe Market US$ Bn Forecast by Function
Table 25: Eastern Europe Market US$ Bn Forecast by End-Use
Table 26: Asia Pacific Market US$ Bn Forecast by Country
Table 27: Asia Pacific Market US$ Bn Forecast by Plating Metals
Table 28: Asia Pacific Market US$ Bn Forecast by Nature
Table 29: Asia Pacific Market US$ Bn Forecast by Function
Table 30: Asia Pacific Market US$ Bn Forecast by End-Use
Table 31: East Asia Market US$ Bn Forecast by Country
Table 32: East Asia Market US$ Bn Forecast by Plating Metals
Table 33: East Asia Market US$ Bn Forecast by Nature
Table 34: East Asia Market US$ Bn Forecast by Function
Table 35: East Asia Market US$ Bn Forecast by End-Use
Table 36: MEA Market US$ Bn Forecast by Country
Table 37: MEA Market US$ Bn Forecast by Plating Metals
Table 38: MEA Market US$ Bn Forecast by Nature
Table 39: MEA Market US$ Bn Forecast by Function
Table 40: MEA Market US$ Bn Forecast by End-Use
Table 41: North America Market US$ Bn Forecast by Country
Table 42: North America Market US$ Bn Forecast by Plating Metals
Table 43: North America Market US$ Bn Forecast by Nature
Table 44: North America Market US$ Bn Forecast by Function
Table 45: North America Market US$ Bn Forecast by End-Use
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Plating Metals
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Function
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Plating Metals
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Function
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Plating Metals
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Function
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Plating Metals
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Function
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Plating Metals
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Function
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 26: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Plating Metals
Figure 27: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 28: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Function
Figure 29: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 30: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Plating Metals
Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Function
Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Plating Metals
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Function
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 41: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Plating Metals
Figure 42: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 43: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Function
Figure 44: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End-Use
Figure 45: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is Expected from the Manufacturers of Electroplating Chemicals in the forecast period?
The manufacturers in the electroplating chemicals industry have to consider research on technologies and pay attention to environmental sustainability to gain a competitive advantage in the forecast duration.
What is the Current Market Valuation Concerning Electroplating Chemicals Market?
The global electroplating chemicals market is valued at US$ 49.23 billion in the year 2024.
Which Plating Material is Widely Preferred for Electroplating?
Tin electroplating is a promising option owing to its cheap cost and abundance of tin.
What is the Estimated Compound Annual Growth Rate for Electroplating Chemicals Market?
The market is expected to grow continuously with a CAGR of 6.8% in the forecast duration.
What are Trends/ Novel Applications in The Electroplating Field Expected to rise in demand?
The use of metals for coating non-metallic components is expected to increase the application pool in the forecast period.
Electroplating Chemicals Market