Global Sales Of Duplex Nickel Plating Is Forecast To Expand At A Moderate CAGR Of 5.8% Over 2031

Newly-released duplex nickel plating business analysis by Fact.MR, a market research and competitive intelligence provider, shows global consumption crossing 29 kilo tons by 2021, depicting a 4.5% proliferation as compared to the previous year. In terms of revenue, the market is projected to top US$ 900 Mn mark by 2031-end, leaving US$ 400 Mn room for existing players and new entrants to capitalize.

Demand for decorative duplex nickel plating in the automotive industry has surged year-on-year at 6% in FY2020-FY2021. Increasing demand for wear-resistant, durable, and corrosion-resistant plating in the automotive and aerospace industry will heighten global sales during the forecast period.

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Key Takeaways from Study

• The global duplex nickel plating market is anticipated to add 1.7X value by 2031.
• Decorative segment captures a major chunk in duplex nickel plating, and is set to create an absolute $ opportunity of around US$ 323 Mn over 2021-2031.
• Among the plating types, bright duplex plating has been the fastest-growing segment, owing to high wear resistance capabilities over others.
• North America is set to dominate market revenue in 2021, and this regional is expected to expand at 4% CAGR through 2031.
• Due to the COVID-19 crisis, demand for duplex nickel plating was hit in 2020, which saw a decline of 2% over the 2nd and 3rd quarters.

“Nickel-microporous chrome is expected offer the most lucrative opportunities due to rising need of key end users, including automotive, aerospace, defence, etc., for improved corrosion-resistant plating services,” says a Fact.MR analyst.

Prominent Key players of the Duplex Nickel Plating market survey report:

• Atlas Chrome Plating and Powder Coating
• Auromex
• Capron Manufacturing
• Century Plating Company
• Eastern Plating LLC
• ­Electrochemical Products, Inc.
• Elite Finishing, LLC
• Highnic group
• Hohman Plating
• Leonhardt Plating Company
• Metal Plate Polishing Inc.
• Transcend Chrome Inc.

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Main Segments Covered in Duplex Nickel Plating Industry Research

• By Type

  • Protective Duplex Nickel Plating
  • Decorative Duplex Nickel Plating

• By Coating Material Surface

  • Ferrous Duplex Nickel Plating
    • Steel
    • Stainless Steel
    • Mild steel
    • Carbon steel
    • Cast Iron
  • Non-Ferrous Duplex Nickel Plating
    • Copper
    • Brass

• By Plating Type

  • Bright Duplex Nickel Plating
  • Mirror Bright Duplex Nickel Plating
  • Semi Bright Duplex Nickel Plating

• By Product Type

  • Nickel-Trivalent Chrome
  • Nickel-hexavalent Chrome
  • Nickel-Microporous Chrome
  • Others

• By Brightening System

  • Sulfur Containing Duplex Nickel Plating
  • Sulfur Free Duplex Nickel Plating

• By Plating Bath

  • Electroplating
    • Watt Bath
    • Wood Bath
  • Electroless Plating
  • Others

• By End Use

  • Automotive Duplex Nickel Plating
    • Motorcycles
      • Interior
        • Front Fork Inner Tubes
        • Shock Absorber Piston Rods
        • Hydraulic Pistons
        • Cylinders
      • Exterior
        • Body
        • Bumpers
        • Exhaust Pipes
    • Cars & Trucks
      • Interior
        • Fuel Systems
        • Turbochargers
        • Transmission
        • Braking Systems
        • Drive Shafts
        • Valves
        • Others
      • Exterior
        • Bumpers
        • Grills
        • Others
  • Aerospace & Defence Duplex Nickel Plating
  • Industrial Fasteners & Tools Duplex Nickel Plating
  • Others

• By Use Case

  • New Duplex Nickel Plating
  • Duplex Nickel Restoration

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Questionnaire answered in the Duplex Nickel Plating Market report include:

• How the market for Duplex Nickel Plating has grown?
• What is the present and future outlook of the global Duplex Nickel Plating on the basis of region?
• What are the challenges and opportunities for the Duplex Nickel Plating?
• Why the consumption of Duplex Nickel Plating highest in region?
• In which year segment is expected to overtake segment?

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