Press release
Business For Duplex Nickel Plating Is Forecast To Expand At A Healthy CAGR Of 5.8% Over The Next Decade
Fact.MR - a market research and competitive intelligence provider, analyses that anti-corrosion plating and improved surface finishing demand is set to register strong growth in the duplex nickel plating business and help the market reach a valuation of US$ 909 Mn by 2031-end.Globally, the plating business is witnessing an upsurge backed by huge adoption rates showcased by automobile and aerospace industries. The automotive industry offers a wide pool of use cases for duplex nickel plating, and thus, accounted for 65% revenue share in 2020. From motorcycles to cars & trucks, duplex nickel plating is registering strong consumption for its versatility and reliable chemical properties.
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Competitive Landscape
According to the duplex nickel plating market research analysis, Capron Manufacturing, Century Plating Company, Electrochemical Products, Inc. and Elite Finishing, LLC, together accounted for around 35% share of global revenue in 2020. Most companies discussed in the report have focused on expansion, investments, acquisitions, delivery, portfolio expansion, and brand development.
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.
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Winning Strategy
Key manufacturers of duplex nickel plating must look forward to increased production capacity and prioritise geographical expansion. Duplex plating manufacturers need to also look for constructive collaborations with plating service providers to secure a stable curve in the business. This shall help their business witness growth in the market over the medium- to the long-term forecast period.
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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The Duplex Nickel Plating Chamber report offers insights to several qualitative and quantitative aspects of the growth dynamics to inform and guide stakeholders in effective strategy-making. The following insights cover some of the more important aspects:
Key drivers, impediments, and winning imperatives for top players
Prevailing technology trends globally
Ongoing research and development activities in various regions and their role on the revenue potential of Duplex Nickel Plating Chamber
New business models
Collaborations, partnerships, mergers and acquisitions
Key strategies being adopted by top players
Entry barriers and intensity of competition in the Duplex Nickel Plating Chamber
Size of opportunities in different key regional markets
Region-wise assessment of potential opportunities during the forecast period
Through this report, reader gets insights and assessments on following aspects:
Latest guidelines in important sectors influencing the overall demand in the Duplex Nickel Plating Chamber
Detailed profiling of diverse companies operating in this market
Important trends underlining high investments by top shareholders in diverse countries
Shifting consumer preferences and latest trends in key industries
Latest opportunities for investments in diverse technology and product/service types
Varying demand and consumption of diverse product segments
The insights and estimations offered in this report are the output of consistent research by Fact.MR analysts. The unique approach and effective guidance offered in this report will help stakeholders to comprehend the growth dynamics of the Duplex Nickel Plating Chamber.
How can Fact.MR Make Difference?
In-depth understanding of key industry trends shaping the present growth dynamics
Offers value chain analysis and price trend analysis of various offering of competitors
Offers data-drive decision to help companies decide strategies that need recalibration
Offers insights into areas in research and development that should attract
Identifies data outliers before your competitors
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