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2022 Global Zinc-Nickel Alloy Electroplating Market InsightMarch 7, 2022 Comments
Zinc-nickel alloy electroplating is expected to slow down in the coming years. According to WK-chem Research’s “2022 Global Zinc-Nickel Alloy Electroplating Professional Survey Report, Forecast to 2027″, the zinc-nickel alloy electroplating industry is growing due to its wide application in agricultural equipment, construction, automotive and other durable goods industries. Rapid growth. According to the WK-chem Research regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 4.9%.
“As zinc-nickel is more environmentally safe than cadmium, zinc-nickel alloys are often used as a substitute for cadmium in galvanic interaction species, so the zinc-nickel alloy plating market will continue to expand over the forecast period. However, zinc-nickel alloys are expected to continue to expand over the forecast period. The high cost of alloy plating is inhibiting the growth of the global market, preventing new market players from entering the market,” said Eva Joy, senior analyst at WK-chem Research’s Center for Chemical and Materials Market Research.
At present, zinc-nickel electroplating is growing at a faster rate every year. Global zinc-nickel alloy electroplating consumption is very large and will continue to grow as the world economy expands. Products from Japan, Taiwan, China and other Asian countries grew the fastest. The U.S. and European markets are stable, but could start rising again if the decline in automotive trim coatings reverses. Growing automotive industry and galvanized nickel steel strip used to manufacture battery electrodes, battery cans, and other components are also expected to drive market growth over the forecast period. However, the high cost of zinc-nickel alloy electroplating is restraining the growth of the global market. Electrodeposition of thin zinc-nickel alloy coatings on body steel as a basis for paints creates new opportunities for key players in the market. Zinc-nickel alloy electroplating offers manufacturers an advantageous option to meet the ever-increasing regulatory, warranty and performance requirements affecting their products.
Key players in the market include McDermid Corporation, Paramount Metal Finishing, Chemical Processing, Inc., Micro Metal Finishing LLC, Electroplating Technologies, Inc., DeKalb Metal Finishing, Pioneer Metal Finishing, LLC, Interplex Industries, Inc., Roy Metal Finishing Co., Inc., Allied Finishing, Inc. and Peninsula Metal Finishes. On January 27, 2020, Columbia Chemical Company recently acquired Illinois-based Khemex Surface Treatment Industries. Columbia Chemical has added Colloy AZN 300, a new acid zinc-nickel electroplating process, to meet the growing demands of the automotive market. This next-generation process provides a horizontal, bright, ductile electrodeposited zinc-nickel alloy coating comprising 12-15% nickel that is consistently distributed at low to medium and high current densities.
Segmentation of Zinc Nickel Alloy Plating Market:
Global zinc-nickel alloy electroplating market, by nickel content: divided into 5-12%, 12-20% and others. The zinc-nickel alloy plating market with nickel content of 5-12% has the largest demand, and the recent strengthening of corrosion norms and end-of-life vehicle directives by major European car manufacturers requires greater use of alkaline zinc/nickel, including 12% and 14% nickel (zinc/nickel 86/14).
Global Zinc Nickel Alloy Plating Market, By Application, Into Automotive, Electronics, Aerospace & Defense, and Others. The automotive segment leads the zinc-nickel alloy electroplating market, with the development of zinc-nickel electroplating chemistries, the operating costs associated with performance benefits become more attractive, a trend that is particularly important in the automotive industry, where warranty periods are longer than growth is expected to drive the demand for corrosion resistance properties offered by zinc-nickel alloy electroplating.
Zinc Nickel Alloy Plating Market: Regional Analysis:
Geographically, the zinc-nickel alloy electroplating market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held a prominent market share in 2019. Urbanized countries such as the United States and Canada are the major contributors to the regional market. The presence of key market players and expansion of existing automotive plating plants in developed countries will propel the market growth. The United States and Canada are expected to increase investment in R&D activities to introduce advanced electroplating products to accelerate the growth of the region in the near future. The Asia Pacific market is expected to grow at a high CAGR during the forecast period. Developing countries such as China, India, Indonesia and Thailand have growing demand and production of passenger and commercial vehicles. The growing automotive industry is the result of rising disposable income and government initiatives and policies that encourage growth. Additionally, the presence of major automotive OEMs including General Motors, BMW, Chrysler, Mercedes, Volvo, Ford Trucks and SUVs, Ford Motors, Audi, Jaguar, Porsche, Volkswagen, Land Rover, Toyota, Nissan, Mazda and Honda It is expected to further drive the zinc-nickel alloy electroplating market in the future.
Largest share area: North America
Largest share country: United States and Canada
Product Type: 5-12%, 12-20% and others
Application: Automotive , Electronics , Aerospace and Defense and Others