Precious metals are rare metals that have a extraordinary economic value. The higher values of these metals are determined by various factors with their rarity, uses in industrial processes and as investment vehicles. The most popular precious metals with investors are platinum, gold and silver, precious metals used in industrial processes involving the iridium, which is used in specialty alloys, and palladium, which is used in electronics and chemical applications. The global precious metal plating chemicals market size was valued at USD XX million in 2017 and is expected to grow at a CAGR of XX%, with the market expected to reach a valuation of up to USD XX million by 2XX5.
Rising applications of precious metal plating chemicals in different industry verticals is driving the growth of the precious metal plating chemicals market. Large scale adoption of plating metals on the plastics among different industry verticals as well as the rising trend of applications in the equipment of automotive and transportation components, has propelled the growth of the market. Electrical & electronics manufacturing, plumbing, and others offer a wide range of applicability of plating chemicals, thereby driving the growth of the market globally.
The global precious metal plating chemicals market consists of global and regional players which include American Elements, Heraeus Holding, Heimerle Meule GmbH., Japan Pure Chemical Co., Ltd., Legor Group S.p.A., Roberts Chemical Co., Inc., Superchem Finishers, Saxonia Edelmetalle GmbH., Matsuda Sangyo Co., Ltd., and Marshall Laboratories among others.
The global Precious Metal Plating Chemicals market is segmented on the basis of process, materials, end-use, form, and region. On the basis of material the Precious Metal Planting Chemicals market is classified into gold, palladium, silver, iridium, platinum, rhodium, and others. On the basic of process the Precious Metal Plating Chemicals market is bifurcated into electrolytic plating and electroless. On the basis of the end-user industry, the market is bifurcated into chemical and petrochemical industry, glass industry, fertilizer industry, aerospace and defense, automotive, electrical and electronics, pharmaceutical, machinery parts and components, and construction.
Precious Metal Plating Chemicals market by region segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa.
Market segmented on the basis of material:
Market segmented on the basis of process:
• Electroless Plating
• Electrolytic Plating
Market segmented on the basis of end-user industry:
• Chemical and Petrochemical Industry
• Glass Industry
• Fertilizer Industry
• Aerospace and Defense
• Electrical and Electronics
• Machinery Parts and Components
Market segmented on the basis of form:
• Crystalline powder form