Global Sales of Duplex Nickel Plating Is Forecast To Expand At A Moderate CAGR of 5.8% Over 2031

Newly-released duplex nickel plating business analysis by Fact.MR, a market research and competitive intelligence provider, shows global consumption crossing 29 kilo tons by 2021, depicting a 4.5% proliferation as compared to the previous year. In terms of revenue, the market is projected to top US$ 900 Mn mark by 2031-end, leaving US$ 400 Mn room for existing players and new entrants to capitalize.

Demand for decorative duplex nickel plating in the automotive industry has surged year-on-year at 6% in FY2020-FY2021. Increasing demand for wear-resistant, durable, and corrosion-resistant plating in the automotive and aerospace industry will heighten global sales during the forecast period.

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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.

"Nickel-microporous chrome is expected offer the most lucrative opportunities due to rising need of key end users, including automotive, aerospace, defence, etc., for improved corrosion-resistant plating services," says a Fact.MR analyst.

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Key Companies Profiled by Fact.MR

 Atlas Chrome Plating and Powder Coating
 Auromex
 Capron Manufacturing
 Century Plating Company
 Eastern Plating LLC
 ¬Electrochemical Products, Inc.
 Elite Finishing, LLC
 Highnic group
 Hohman Plating
 Leonhardt Plating Company
 Metal Plate Polishing Inc.
 Transcend Chrome Inc.

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Main Segments Covered in Duplex Nickel Plating Industry Research

 By Type

 Protective Duplex Nickel Plating
 Decorative Duplex Nickel Plating

 By Coating Material Surface

 Ferrous Duplex Nickel Plating
 Steel
 Stainless Steel
 Mild steel
 Carbon steel
 Cast Iron
 Non-Ferrous Duplex Nickel Plating
 Copper
 Brass

 By Plating Type

 Bright Duplex Nickel Plating
 Mirror Bright Duplex Nickel Plating
 Semi Bright Duplex Nickel Plating

 By Product Type

 Nickel-Trivalent Chrome
 Nickel-hexavalent Chrome
 Nickel-Microporous Chrome
 Others

 By Brightening System

 Sulfur Containing Duplex Nickel Plating
 Sulfur Free Duplex Nickel Plating

 By Plating Bath

 Electroplating
 Watt Bath
 Wood Bath
 Electroless Plating
 Others

Questionnaire answered in the Duplex Nickel Plating Market report include:

 How the market for Duplex Nickel Plating has grown?
 What is the present and future outlook of the global Duplex Nickel Plating on the basis of region?
 What are the challenges and opportunities for the Duplex Nickel Plating?
 Why the consumption of Duplex Nickel Plating highest in region?
 In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Duplex Nickel Plating market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Duplex Nickel Plating market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Duplex Nickel Plating market and assists to create strategies to overcome the obstacles that may hinder the growth of the Duplex Nickel Plating market.

• Leverage: The Duplex Nickel Plating market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Duplex Nickel Plating market.

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