Industry Background:
Nickel plating is the process of adding a thin layer of various types of nickel such as electro-plated Nickel, sulfamate nickel, electroless nickel onto the metal object used widely in automotive, electronics, aerospace, manufacturing, and other industry. It is used to provides strength, wear resistance, and protects metal objects or parts from corrosion and it is also used for decorative pieces. The nickel plating gives adhesion properties and adds brightness, lustre and appeal to the object.This growth is primarily driven by Growing Demand for Electroplating Process in Various Industrial Applications and Need for the Wear Resistance, Superior Strength and Improved Ductility in the Electronics Products.
Globally, a noticeable market trend is evident Emerging Usage of Nickel Plating in Additive Manufacturing. Major Vendors, such as Silchrome Plating Ltd (United Kingdom), Dorsetware Limited (United Kingdom), Pioneer Metal Finishing (United States), Advanced Plating Technologies, Hydro-Platers, Ashford Chroming, Select-Tron Plating and American Plating etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 10th February 2021, Pioneer Metal Finishing, LLC a portfolio company of Aterian Investment Partners, announced the acquisition of Electrochem Solutions, Inc. Electrochem expands Pioneer's presence on the West Coast and adds new technical capabilities Pioneer can build upon
Regulatory Insights:
According to the EPA promulgated the Electroplating regulation, the standards have specific numerical limitations for each subcategory, and are imposed on pollutants that may interfere with, pass through, or otherwise be incompatible with POTWs. For plants with a daily flow of 38,000 liters (10,000 gallons) per day or more, the pretreatment standards specifically limit indirect discharges of cyanide and the following metals: lead, cadmium, copper, nickel, chromium, zinc, and silver. Additionally, these regulations limit "total metal discharge," which is defined as the sum of the individual concentrations of copper, nickel, chromium, and zinc. For plants with a daily process wastewater flow of fewer than 38,000 liters (10,000 gallons), these standards limit only lead, cadmium, and cyanide."
Market Drivers
- Growing Demand for Electroplating Process in Various Industrial Applications
- Need for the Wear Resistance, Superior Strength and Improved Ductility in the Electronics Products
Market Trend
- Emerging Usage of Nickel Plating in Additive Manufacturing
Restraints
- Regulatory Guidelines on the Usage and Production of Nickel Plating
Opportunities
Technological Upgradation in the Nickel Plating Process and Machinery and Surging Demand for the Nickel Plating Services in the Aerospace Industry
Challenges
Adverse Environmental Impact Associated with Nickel Plating
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Nickel Plating Study Sheds Light on
The Nickel Plating Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Nickel Plating industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nickel Plating industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.