Gold Plating Chemical Market Definition
The gold plating chemical market is an integral segment of the chemicals and materials industry. This industry deals with the manufacturing and distribution of chemicals that are used to electroplane metals. There are various types of gold plating chemicals available on the market, which generally include EDTA, succinic acid, potassium gold cyanide, sodium succinate, palladium acetate, and others. The electroplating methods consist of additives, acids, cleaning chemicals, electrolyte solutions, pre-treaters, and some others. This market is expected to rise significantly with the growth of the jewelry industry across the world.
The growing demand for gold-plated jewelry among women, along with the rising use of gold plating in the aerospace sector, has boosted the market growth. Also, the increased application of electroplating in the electronics industry for enhancing electrical conductivity in PCBs and providing stability to electrical components, coupled with its usage in medical devices, is playing an essential role in positively shaping the industry. Moreover, the upsurge in demand for gold-plating from the automotive sector for various applications such as sensors, bearing seals, vehicle exteriors, electrical connectors, and plastic parts is projected to boost the growth of the gold-plating chemical market. The advancement in the nanogold plating technique, along with the rising adoption of sustainable gold plating, is expected to create ample growth opportunities for the players in the gold plating chemical market during the coming years.
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