Duplex Nickel Plating Market – Snapshot on Global Benefits 2028
Fact.MR recently published a market study on the global Duplex Nickel Plating Market. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the Duplex Nickel Plating Market structure. It also presents exclusive information about how the Duplex Nickel Plating Market will grow during the forecast period of 2018-2028.
Global Duplex Nickel Plating Market Introduction
There has been an increase in the demand for duplex nickel plating from automotive industries. Duplex nickel plating is a type of protective coating that is applied on various surfaces, such as metals and non-metals. Duplex nickel plating can be done for various purposes, which include decorative purposes along with corrosion protection. Two or more layers of nickel provide excellent protection against corrosion. In duplex nickel plating, a layer of semi-bright nickel acts as a sacrificial cathode, whereas a layer of bright nickel acts as the anode. These two layers protect the surface from electrolytic corrosion. Duplex nickel plating finds applications in various industries, including automotive, computer hardware, steel industry, electronics, aerospace and oil & gas, among others.
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Global Duplex Nickel Plating Market Dynamics
Duplex Nickel Plating Market Drivers
The rapid growth of the automotive industry has boosted the demand for duplex nickel plating for the long-term protection of automotive parts from corrosion. Government regulations, such as EU, EPA and OSHA, are boosting the demand for duplex nickel plating. There has been an increase in the demand for duplex nickel plating from electronics & electrical industries, which is projected to boost the demand for duplex nickel plating over the forecast period. Initiatives from OEMs for sustainable technologies to help increase the life of equipment are also increasing the demand for duplex nickel plating. The decorative look of surfaces after the duplex nickel plating is an added advantage that is also expected to boost the demand for duplex nickel plating during the forecast period.
Duplex Nickel Plating Market Restraints
One of the major challenge faced by the global duplex nickel plating market is the difficulty of levelling of nickel-plated surfaces. In addition, highly skilled manpower is required to perform duplex nickel plating. Restrictions from EU and EPA for various materials used during duplex nickel plating are also likely to restrain the duplex nickel plating market.
Duplex Nickel Plating Market Trends
New plating processes are being developed for better finishing and durability. Chrome plating after nickel plating is also one of the techniques used to give surfaces a better finish.
Combinations of nickel and chromium are also being used to achieve a perfect finish. The usage of multi-layer nickel, where more than two layers of nickel are being used, is also observed in the market and is expected to create opportunities to explore new combinations for nickel plating purposes.
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Global Duplex Nickel Plating Market: Regional Outlook
The global duplex nickel plating market is expected to be dominated by North America and Europe. Asia Pacific is an emerging region for this market. Among countries in Asia Pacific, the automotive industry in China is growing. India is also expected to witness sound growth in the demand for duplex nickel plating owing to the rapid growth of the automotive industry in the country. North America and Europe are collectively expected to hold a larger share of the duplex nickel plating market and the market is mature to a certain extent owing to the presence of a large number of electroplating plants in these regions. The shifting of automotive OEMs from Europe & other regions to China and India is estimated to drive the demand for duplex nickel plating in the coming years. Significant investments and the recovering economies of Brazil and Argentina are projected to drive the Latin America duplex nickel plating market. Middle East and Africa is projected to witness higher growth in the demand for duplex nickel plating over the forecast period due to initiatives by various Middle Eastern countries for diversifying their economies.
Global Duplex Nickel Plating Market Participants
Some of the market participants identified across the value chain of global duplex nickel plating market are:
- Atlas Chrome Plating and Powder Coating
- Elite Finishing, LLC
- Century Plating Company
- Metal Plate Polishing Inc.
- Transcend Chrome Inc.
- Olymco, Inc.
- Capron Manufacturing
- Ronatec C2C, Inc.
- Eastern Plating LLC.
- Electrochemical Products, Inc.
- Val-Kro Industrial Plating Inc.
- Leonhardt Plating Company
- Hohman Plating
- Kwality Electro Platers
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, end user, product type, and application.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends and Issues and Challenges
- Competition & Companies Involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest Of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
- Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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