Duplex Nickel Plating Market Is Valued To Reach US$ 1,013.9 Million By The End Of 2033

The duplex nickel plating market refers to the industry segment that involves the application of duplex nickel plating processes for surface finishing and corrosion protection of various substrates. Duplex nickel plating is a two-layer coating system that typically consists of a layer of semi-bright nickel followed by a layer of bright nickel. This plating technique offers improved corrosion resistance, enhanced aesthetic appearance, and increased durability to the coated materials.

The duplex nickel plating market has witnessed growth in recent years, driven by several factors:

1. Corrosion protection requirements: Corrosion is a significant concern in industries such as automotive, aerospace, electronics, and manufacturing. Duplex nickel plating provides excellent corrosion resistance, making it a preferred choice for components exposed to harsh environments or corrosive substances. The duplex nickel coating acts as a barrier against corrosion, extending the lifespan and reliability of the coated materials.
2. Aesthetic appeal: Apart from corrosion protection, duplex nickel plating enhances the aesthetic appearance of the coated materials. The bright nickel layer in the duplex nickel plating process imparts a lustrous and reflective finish, making it suitable for decorative applications in industries like jewelry, consumer goods, and architectural hardware.
3. Wear and abrasion resistance: Duplex nickel plating offers improved wear and abrasion resistance, making it suitable for applications that involve frequent contact or rubbing. Components such as engine parts, tooling, and machinery that undergo wear and tear can benefit from the enhanced durability provided by duplex nickel plating.
4. Regulatory compliance and environmental considerations: Duplex nickel plating processes have evolved to meet regulatory requirements and environmental standards. Efforts have been made to reduce or eliminate hazardous chemicals used in the process, making duplex nickel plating a more environmentally friendly option compared to traditional plating methods.
5. Market demand and industry growth: The growth of industries such as automotive, aerospace, electronics, and manufacturing has increased the demand for high-quality surface finishing and corrosion protection solutions. Duplex nickel plating, with its desirable properties, has gained popularity as a reliable and cost-effective coating option in these industries.

Overall, the duplex nickel plating market is expected to experience steady growth as industries continue to prioritize corrosion protection, aesthetics, and durability of coated materials. Ongoing advancements in plating technologies, coupled with evolving environmental regulations, are likely to shape the market by offering more sustainable and efficient duplex nickel plating processes.

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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.

Why is the Duplex Nickel Plating most used for Decorative Purposes?

Decorative nickel plating has gained sufficient importance in the industry and will continue to achieve positive results in the long term. Further, major manufacturers regard the automotive industry as the most lucrative industry for decorative nickel plating.

The largest use of nickel plating on plastics in the automotive industry is for decorative purposes to improve the look of the exterior and interior portions for instance wheels, light surrounds, shift knobs, grills, bumpers, door handles, and others.

As for decorative applications, nickel and nickel-chromium plating are used to enrich the appearance of plastic covers for computers and mobile phones, and various switches, and buttons in various home appliances and other electrical appliances.

Competitive Landscape

• Olympus
• Pentax
• Fujifilm
• Karl Storz
• Arthrex
• Boston Scientific
• Conmed
• Cook Medical
• Covidien
• Hoya
• Johnson & Johnson
• Medtronic
• Others

Unitech vision, Apollo surgical, Ashbond Engineers Private Limited, and ALT systems are some of the Indian manufacturers who play a crucial role in the Indian Duplex Nickel Plating market.In March 2018, “ENF-VT3” which is a flexible NBI (Narrow band imaging) based device, which is one the most notable and prominent developments in the ENT market was launched by Olympus Corporation.

What makes this Research different from others?

• COVID- Impact analysis– The report includes details of the impact of the pandemic on the Duplex Nickel Plating  Market further including insights on the pre-COVID situation. Additionally, this report benefits in terms of post-COVID recovery prospects, changing consumer demands, and buying patterns valuable for Duplex Nickel Plating  companies.
• Industrial trend analysis– The research covers recent trends in the field of Duplex Nickel Plating  which are augmented with the applicable technologies and shifts in industrial processes. The scope for digital and industrial technologies is discussed in order to help client firms to understand the benefits and risks included in light of market trends.
• Duplex Nickel Plating  Sustainability metrics– The rising concerns of environmentally friendly production and consumption are taken to next level in this research, as research is focused on emerging methods of ensuring sustainability. These insights include climate-friendly initiatives adopted by some players in the industry. Furthermore, details of manufacturers’ impact on carbon footprint are evaluated intend to make clients aware of their contribution to sustainable development goals.