Start an Electroplating Industry- Most Profitable Business Ideas for Startup
The market of different types of metal surface treatment is driven by high usage in the electroplating and anodizing processes as these can give high corrosion resistance, durability, wear resistance and also improve the appearance. The metal surface treatments are used in automotive interior and exterior parts by saving it against premature wear and corrosion. The moisture present in the atmosphere can be the reason of corrosion and later can also cause the damage in metal parts of the car. Hence, to protect the metal parts of cars from corrosion sellers offer innovative metal plating. In the industry of automotive, metal finishing chemicals are being used for plating of different components like shock absorbers, heat sinks, cylinders, fasteners, fluid delivery, piston rings, front grills car door handles and piston.
Related projects:- Electroplating, Metal Polishing, Anodizing, Phosphating, Metal Finishing and Powder Coating projects
The Growing Electroplating Industry
Electroplating is majorly used for decorative purposes or to save corrosion of a metal. It’s process of plating one metal to another by the technique of hydrolysis. Some of the types of electroplating are silver plating, copper plating, and chromium plating. Electroplating has a lot of variety of applications in electrical and electronics, machinery parts, automotive, and aerospace & defense industries. Increasing demand for electroplating from the electrical & electronics industry, especially in manufacturing of components in televisions, refrigerators, and air conditioners are anticipated to increase the growth of the electroplating market.
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Best Industry for Doing Business
Depending on the metal type, the market of global electroplating is classified into gold, nickel, copper, silver, chromium, zinc, and others. The biggest market share was accounted by gold segment in year 2018. The gold segment is anticipated to increase and rule the market in the upcoming years. Gold electroplating has applications especially in jewelry and others, including electrical connectors and printed board circuits. Increasing demand for decorative metal finishing with gold and increasing disposable income is anticipated to growth the market in upcoming years. The market of electroplating, globally, is segmented into automotive, electrical & electronics, aerospace & defense, jewelry, machinery parts & components, and others based on end-use industry.
Related Books: – Electroplating, Anodizing, Metal Treatment, Powder Coating, Metal Finishin
The Market Growth of Metal Finishing Chemicals
Globally, the export market of electroplating is expected to increase at a CAGR of 0.30% up to 2017 from year 2019.
The market was electroplating globally is recorded over USD 14.1 billion in year 2018 and is anticipated to record a CAGR of almost 4% in the forecasted year,2019-2025.
The high growth of the electronics industry around the globe along with increasing demand for electroplating in the manufacturing of different electronic compound like electric transistors, conductors & semiconductors, electronic power switches, connectors, and computer components, is another reason of driving the growth of global market. Whereas, the market of metal anodizing globally is expected to increase from USD 30.1 billion in year 2019 to reach USD 48.6 billion by year 2027, at a CAGR of 4% in the forecasted year from year 2020 to 2027.
Related Video: – How to Start Electroplating, Anodizing and Metal Polishing Business
The Asia Pacific region is expected to hold an important share in the industry accounting of the increasing production of consumer electronic, along with increasing industrialization in some major developing economies and the presence of an increasing large manufacturing industry in major countries like China and India among others.
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Conclusion
The book written by NPCS named “Electroplating, Anodizing & Metal Treatment Hand Book” tells about recent trends and development status. The book has been a useful guide to all the readers, engineers, and scientists, practitioners of surface treatment, researchers, students, entrepreneurs and also to those who are in the business of material adhesion. Not only the market dynamics the book also reveals different formulae of bath solutions, current density, deposit thickness, manufacturing processes, and other ingredient that are used in this process.
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