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Electroplating Chemicals Market – Detailed Analysis of Current Industry Figures with Forecasts Growth By 2028

Electroplating is a surface coating method used to coat the surface of one metal (or alloy) with one or two metals (or alloys) by passing electricity between two electrodes immersed in an electrolytic solution where one of the electrodes is the substrate to be plated. The electrolyte solution contains the metal ions of the metal that is to be used as the coating.

When the electric current is passed, the metal atoms (or ions) in the electrolyte solution get deposited on the substrate, forming a thin layer. The chemicals used in the electroplating process are known as electroplating chemicals. These include electrolyte solutions, sealers, passivates, cleaners and pre- and post-treatment electroplating chemicals, to name a few. Passivates make the substrate inactive to any further chemical reaction, avoiding oxidation and corrosion reactions.

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Electroplating chemicals are used to clean, coat and engrave metallic surfaces. Electroplating chemicals enhance the physical appearance of metals. Along with that, electroplating chemicals also alter the metals’ corrosion resistance, electric and wear resistance and tarnish resistance and electric conductivity. Electroplating chemicals often contain additives that brighten and/or enhance the uniformity of the plating metal while influencing the corrosion resistance. The most widely use electroplated metals include iron, nickel, copper, zinc, gold and silver. Aluminum, stainless steel, lead and magnesium have limited applications as these are difficult to electroplate.

Electroplating Chemicals Market: Segmentation

The electroplating chemicals market can be segmented on the basis of plating metals, nature, function and end use.

On the basis of plating metals, the electroplating chemicals market can be segmented into:

  • Zinc plating chemicals
  • Copper plating chemicals
  • Nickel plating chemicals
  • Silver plating chemicals
  • Brass plating chemicals
  • Chrome plating chemicals
  • Lead plating chemicals
  • Precious metals plating chemicals
  • Others

On the basis of nature, the electroplating chemicals market can be segmented into:

  • Acidic chemicals
  • Basic chemicals
  • Neutral chemicals

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On the basis of function, the electroplating chemicals market can be segmented into:

  • Electrolyte
  • Sealer
  • Passivation chemicals
  • Inhibitor
  • Cleaner chemicals
  • Pre-treatment chemicals
  • Post treatment protective chemicals
  • Others

On the basis of end use, the electroplating chemicals market can be segmented into:

  • Electrical and electronics
  • Construction
  • Heavy machinery
  • Aerospace
  • Defense
  • Automotive
  • Others

Electroplating Chemicals Market: Regional Outlook

On the basis of region, electroplating chemicals witness high demand from North America with the United States of America exhibiting heavy demand from electrical & electronics and aerospace industries. Europe is also registering high demand for electroplating chemicals due to the growth of the automotive and manufacturing sectors in the region.

The Asia Pacific electroplating chemicals market is expected to grow at the fastest rate, owing to the growth in population and disposable income in this region. Latin American and Middle East and African electroplating chemicals markets are pegged to grow at moderate rates throughout the forecast period.

Electroplating Chemicals Market: Market Participants

Examples of some of the market participants in the global electroplating chemicals market identified across the value chain include Sun Glo Plating Company, Mahavir Expochem Ltd., Rishi Chemical Works Pvt. Ltd., Grauer & Weil (India) Limited, Raschig GmbH, Blendl GmbH, Nihon Kagaku Sangyo Co., Ltd., Daiwa Fine Chemicals Co., Ltd. and Advanced Chemical Company.

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