An Incisive, In-depth Analysis on the Precious Metal Plating Chemicals Market
This study offers a comprehensive, 360 degree analysis on the Precious Metal Plating Chemicals market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Precious Metal Plating Chemicals market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Utilisation of safer alternatives and development of waste management techniques could unfold significant growth opportunities in the market
Precious metal plating chemicals are primarily utilized in electroplating bath for carrying out plating of various metals, such as gold, silver and platinum. The precious metal plating chemicals market, as considered under the scope of the report, includes only plating chemicals and not the metals that are utilized as anodes in the electroplating process. Future Market Insights has covered several facets of the global precious metal plating chemicals market in its recent research study. As per this new research study, the global market is anticipated to grow at a steady rate to reach a significant market estimation by the end of the forecast period. The global precious metal plating chemicals market is expected to grow at a CAGR of 3.9% throughout the period of assessment, 2017-2027 and is estimated to reach a value of more than US$ 2 Bn by the end of the year of assessment from a valuation of a bit less than US$ 1.5 Bn in 2017. This significant increase in valuation of precious metal plating chemicals is mainly due to the boost in the electrical and electronics industry. Another factor contributing to the 1.4x increase in revenue growth of precious metal plating chemicals market is the rising demand for precious metal plating chemicals in the aerospace industry.
The precious metal plating industry is considered to be a highly polluting industry as it deals with hazardous materials. However, adoption of green chemicals, cleaner technology, waste minimization and recycling techniques can propel the growth of the precious metal plating as well as precious metal plating chemicals industry. Development of waste management techniques in order to ensure that toxics are not released in the environment and recycling process baths post concentration and filtration are other factors that could present new avenues for manufacturers.
Gold to surpass other chemical base metals in the coming years
Gold plating is carried out to give long lasting decorative finishes in jewellery, cutlery and optical frames. Gold is also the metal of choice in the plating of different electronic components. Gold plating chemicals are commonly utilized in semiconductor, connector and circuit applications. Gold potassium cyanide, tetrachlorogold acid hydrate solution, and potassium dicyanoaurate are the commonly utilized solutions in gold plating. The gold segment in the chemical base metal category is anticipated to outclass other segments in terms of growth rate and market share during the forecast period. In 2016, gold segment was valued at about US$ 667 Mn and is estimated to reach a valuation of more than US$ 1 Bn by the end of the year of assessment (2027). Volume wise, the gold segment is the second largest during the forecast period.
Silver expected to hold less market value
Silver segment is the third fastest growing segment in the chemical base metal category during the period of assessment. However, this segment is expected to show less market value during this period. The silver segment was value at less than US$ 4 Mn in 2012 and is expected to reach a value less than US$ 6 Bn by the end of the assessment year. The silver segment is projected to reach a CAGR of 3.6% throughout the period of forecast, 2017-2027.
With a fact based approach, Future Market Insights has skilfully crafted a multi-client oriented research report titled “Precious Metal Plating Chemicals Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. The main motive of this research study is to highlight various market scenarios that include new trends, developments, opportunities, growth propelling aspects and restraints that have a direct or an indirect influence over the growth of the precious metal plating chemicals market. As per observations presented in this research report, the dynamics of the market have been changing since 2012 impacting several key players participating in this market. This research study is produced in a systematic manner to support the reader by providing various actionable insights to cope up with the changing market scenario across several key regions in the globe. Moreover, the research report also entails future market projections that give a clear picture of the growth path of the global precious metal plating chemicals market. These forecasts have been assessed for a period of ten years starting from 2017 up to 2027.
Holistic approach reflected in this study
Research study on the global market for precious metal plating chemicals is based on a 3600 perspective. Key regions in the globe have been examined for new developments and trends that keep changing from region to region and influence the precious metal plating chemicals market. This holistic approach delivers the much needed value addition to the reader that can assist him/her in acquiring relevant market insights with respect to the entire market scenario that includes all the market segments across several regions. Various revenue pockets can be identified and tapped with the help of this research study and regions with high potential can be identified. Moreover, the global analysis is carried out without biasness which increases the credibility of the research report.
USP of Future Market Insights – Unique Research Process
Future Market Insights implements a one of a kind research process to glean important insights of the market. This research methodology has two main arms, namely a weighted primary research and an extensive secondary research. Secondary research is used to gain a clear market understanding based on which the entire market is segmented and major players are identified. At the same time, primary research is carried out in parallel to the secondary research, with respect to chemical base metal, region, end use industry and product form. Several primary interviews with opinion leaders, key market observers and experts are conducted during which each data point gathered in the secondary research is cross verified. Moreover, the data and statistics obtained from one primary interview is again verified in the second and this process continues till the completion of the final research study. These multiple validation and verification attempts ensure high accuracy of the researched data.
Market Segmentation
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By Chemical Base Metal |
By End Use Industry |
By Product Form |
By Region |
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This comprehensive research study also includes a dedicated chapter on competitive landscape in which several key players are profiled. Various key players and their in-depth assessment regarding their key strategies, financials such as market shares and revenues, product portfolio, mergers and acquisitions, geographical spread, expansion plans, developments from a technological standpoint etc., is covered in this section. The reader can get accustomed to the pulse running through the global precious metal plating chemicals market with the help of this intense assessment and can devise key strategies to gain competitive advantage.
Such an in-depth, comprehensive research study delivers the much needed value addition, with unbiased statistical analysis and key recommendations which can be used to plan future expansions, gain stability and improve current position in the market in a particular region. Just a click away, the reader can gain intelligence on key companies and entire market segmentation across regions. Actionable intelligence at its best, is what Future Market Insights delivers, global precious metal plating chemicals market research report is no exception to this belief.
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